Required several federal agencies to study digital currencies and to identify ways to regulate them, that CBDCs and other policies governing digital assets must mitigate “climate change and pollution” and promote “financial inclusion and equity.”
What does this mean, exactly?
One zealous central planner clearly stated that the intent of traceable and programmable CBDCs is to monitor, “where you are traveling, how you are traveling, what you are eating, what you are consuming – individual carbon footprint tracker.”
Certain states may not be too keen on a Fed issued – traceable and programmable – digital dollar.
Utah, Nevada, Wyoming, and New Hampshire are already issuing “gold-backs.” These are privately issued notes that contain actual gold. They are accepted in these states under their respective legal tender laws, which provides for the adoption of gold and silver as legal tender by the state.
Here in the Volunteer State, Tennessee State Senator Frank Niceley has some ideas too. He recently chatted with former U.S. Assistant Secretary of Housing and Urban Development, Catherine Ausin Fitts, about the strengths and benefits of a Sovereign State Bank modeled on North Dakota.