Could crypto be a backdoor to total financial control and surveillance ?

[searcher]

**I have no clue if any of this will ever happen. Posting it as food for thought and because it's a dam interesting read.

The walls are closing in on your financial freedom—but not in the way most Americans believe.

While the debate rages over the future threat of Central Bank Digital Currencies (CBDCs), a far more insidious reality has already taken hold: our existing financial system already functions as a digital control grid, monitoring transactions, restricting choices, and enforcing compliance through programmable money.

The Stablecoin Trap: The Backdoor To Total Financial Control |

The walls are closing in on your financial freedom—but not in the way most Americans believe. While the debate rages over the future threat of Central Bank Digital Currencies (CBDCs), a far more insidious reality has already taken hold: our existing financial system already functions as a...

peakprosperity.com

 

[pmbug]

I see a lot of chatter on X and such on this issue and it seems there are a lot of pundits that don't really understand stablecoins or crypto. Many pundits seem to think people use stablecoins like they were a more convenient electronic checking account. That's not how they are used in my experience. They are mostly used to move in and out of positions on non-stablecoin crypto tokens. Foreign nationals also use them for cross-border remittances, but that's a small percentage of the use/transaction volume AFAIK.

The future of digital currency - of an actual transactional crypto with widespread adoption and use - is still up for grabs with many projects still developing and innovating in an effort to best solve the blockchain trilema (Security. Decentralization. Scalability). I suspect that as that race narrows, privacy is finally going to get attention.

The great thing about Trump's win shifting the government's focus from animus to support is that investment and innovation are going to start growing. Even for "legacy blockchains" like Ethereum - the OG proof of stake project - that lack inherent privacy features, there are options such as mixers (like Tornado Cash) for those that want privacy. These sorts of things will only get better because there is demand for them.

 

[searcher]

Related to the original post. It's a hit piece on crypto. No dog in this fight, posting as food for thought. Take it fwiw and dyodd.

SILVER & GOLD WARNING! Stablecoins are the CBDC that DESTROYS THE SYSTEM!​

Jul 17, 2025 #Silver #Gold #GeniusAct

In my urgent interview with Lynette Zang, I ask her what the Genius Bill means for silver and gold. We both believe the United States no longer needs to implement a Central Bank Digital Currency (CBDC)...it already has one! President Donald Trump will sign the GENIUS Act, or the “Guiding and Establishing National Innovation for U.S. Stablecoins" bill. It is the first standalone crypto measure signed into law and will likely allow the federal government to program, track, control, and confiscate our digital wealth! Stablecoins are a trap. A centralized digital currency we must avoid! Tether, Circle, and other stablecoins like them trojan horses for a CBDC and will allow the U.S. Treasury and Federal Reserve to centralize all private information so they can connect individuals to their on-chain activity and control them. Listen to Lynette and I break down the threat of Stablecoins to our freedom. Lynette is an economist, a former investment banker, a chief market analyst, hard-core gold and silver stacker, passionate prepper and featured on Kitco News, Stansberry Research, and other YouTube channels. Watch as we warn of the growing dangers with the FED, Treasury, and US government as they systematically destroy physical currency and create digital tyranny. Whether it's silver rounds, silver bars, silver coins, or gold coins, Lynette urges people to protect their wealth by stacking physical gold and silver.

SILVER & GOLD WARNING! Stablecoins are the CBDC that
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[Casey Jones]

lot of chatter on X and such on this issue and it seems there are a lot of pundits that don't really understand stablecoins or crypto.

I resemble that remark.

One reason I'm not enthusiastic about this whole "new money" is that, claims of transparency to the contrary, it's opaque and convoluted - complexity for its own sake.

I don't think that's a flaw - it's a utility. Not unlike 50 page promissory notes when you buy a car, with critical details in the fine print - early-payoff penalty, all interest paid before principle is serviced, etc. The complexity is intended to HIDE something.

I don't have any proof one way or another, but I've heard the arguments, and it sure seems like these "stablecoins" are something of a dry-run to open central-bank crypto. Am I wrong? Probably I'm partially or completely off.

But it seems we're introducing chaos into just HAVING MONEY, with the aim of inserting tracking and control tools - that we will not be able to exit ourselves from, in the future.

 

[Voodoo]

More evidence that Chump and the "Genius" Act was just pushing us more towards their Red China wet dreams. Pretty good explanation from the Rebel Capitalist.

 

[nickndfl]

They want to tokenize treasuries and use BTC to soak up liquidity instead of inflating asset prices.

 

[Voodoo]

More games are not going to work. It's already such an Unstable MESS of games that there isn't much holding it together. The biggest problem they have is that we cannot afford the ever increasing Debt that is required. We cannot service the debt.

Perhaps they think they can clean it up some, revalue gold and then move everyone into these tracked tokens. I just don't see that as having a chance of working. And I'll make sure to add my 2 wrenches into the works.

 

[nickndfl]

Also think about USTs being swapped for $15k per ounce of gold directly to the treasury.

 

[searcher]

Is The GENIUS Act a Backdoor to CBDCs?

Congress recently passed the GENIUS Act, which provides a regulatory framework for private banks and other organizations to develop and operate stablecoins.

goldseek.com

 

[pmbug]

Post in thread 'CBDCs = TOFO (Tools of Financial Oppression)'

Aug 1, 2025

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