Biden administration is quietly planning for a future where you don’t own money
Fox News
Under the leadership of President Joe Biden, the White House and the Federal Reserve have started to lay the groundwork for a programmable, trackable, easily manipulated digital currency.
Justin Haskins is the director of the Socialism Research Center at The Heartland Institute and a New York Times bestselling author.
A CBDC would not be a digital version of the existing paper-based dollar, but rather an entirely new currency that would exist exclusively in a digital (meaning an electronic, non-physical) form.
In September 2022, the White House announced the completion of the CBDC reports. Although the administration did not officially propose a CBDC following the release of the reports, it did announce that it had developed "policy objectives" for a U.S. CBDC system.
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