Subtitle: What Happens if America Adopts a Central Bank Digital Currency? Exploring the Impact on Bitcoin and Personal Liberty

By Michaelson Williams, TSX, author of YOU ARE ILLUMINATI, Trainwashing: The Secrets of Positive Brain Washing, True Success Naturally, The Legacy Wife, and more... 

This article is based upon strong hypothetical ideas that I've had for more than a few years now. I have always been interested in whether a CBDC will ever be introduced into the American financial system and, if so, when and how it will be introduced. As I think about the idea of Americans using CBDCs, I also think about how Bitcoin's price would react to such an implementation, which is likely something many investors would be concerned about as well.

The first thing I think about is how the idea would be sold to the public, or whether it would have to be sold at all. Most ideas that are currently passed down from the government to the public are accepted by most people right out of the gate, and those who complain about the change are gradually bent to the will of the government. Eventually, everyone simply goes with the program. It's been a long time since the American people truly pushed back against government policies, and being forced to use a FED-controlled digital currency likely wouldn't matter to most people.

Second, I think about how much more control over the American public the government and technocrats would have if money became fully digital. I think about how much weight even writing these words could carry and whether my own life could be negatively affected for introducing the idea. Government control over people's freedom through the constriction of an individual's finances isn't a new concept. The reality is that the government is often very willing to cut off a person's financial flow in the name of compliance.

Thirdly, it often crosses my mind that China already has a government-controlled digital currency, not crypto, called the e-CNY, or digital yuan, and has reportedly used it as a form of punishment against its citizens. If it can happen there, then why not in America? Our government is huge, and every day it seems that the people are shown more ways in which they have little control over what the government does. It's like the monster under the bed has come out and is now running all around the house causing chaos. But instead of dealing with the problem, the American people are still in bed, hiding under the blanket and sweating bullets.

Lastly, at least for this article entry, I think about the price reaction Bitcoin would have to a government- and FED-controlled CBDC. What would Bitcoin do? Would Bitcoin go to zero, having been taken down by something more powerful because it's government-controlled? Or would Bitcoin stand strong as a beacon of light toward freedom? I don't know the answers. I just have the questions.

I look at how, in my opinion, mass adoption of digital currency still hasn't happened, even after all these years. Well, I guess it hasn't been that long, but it sure seems like a long time.

Maybe the fact that Bitcoin mass adoption hasn't happened is what's keeping the government and the FED from pushing CBDCs on the American public. Maybe it's the fact that the FED can't control Bitcoin that is causing the delay of a CBDC in the United States. I think it would be fairly easy to convince, or even force, the public to accept a Central Bank Digital Currency simply by attaching it to a debt-forgiveness program. Tell every American that their debt will be erased when they switch to the new digital money, and most would be on board lickety-split. Of course, at that point, all freedom would be taken away, as government never offers anything to the public without the American people losing more rights and freedoms.

What do you think? Would you accept a government CBDC if all of your debt was expunged, at least on paper? Let me know in the comments.

Written by Michaelson Williams
Creator of The MichaelsonEffect
Author of YOU ARE ILLUMINATI - Psychological World War III

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