Richardcyoung.com

The Online Home of Author and Investor, Dick Young

  • Home
  • Debbie Young
  • Jimmy Buffett
  • Key West
  • Your Survival Guy
  • How We Are Different
  • Paris
  • About Us
    • Foundation Principles
    • Contributors
  • Investing
    • You’ve Read The Last Issue of Intelligence Report, Now What?
  • The Great Reset
  • The Swiss Way
  • My Rifles
  • Dividends and Compounding
  • Your Security
  • Dick Young
  • Dick’s R&B Top 100
  • Liberty & Freedom Map
  • Bank Credit & Money
  • Your Survival Guy’s Super States
  • NNT & Cholesterol
  • Your Health
  • Ron Paul
  • US Treasury Yield Curve: My Favorite Investor Tool
  • Anti-Gun Control
  • Anti-Digital Currency
  • Joel Salatin and Alfie Oakes
  • World Gold Mine Production
  • Fidelity and Vanguard Since 1971

Americans Scared of CBDC Control of Their Money

June 2, 2023 By The Editors

By buffaloboy @ Shutterstock.com

When asked if they supported the idea of the government monitoring transactions via a Central Bank Digital Currency, 68% of Americans opposed it. The Cato Institute reports:

The survey investigated how Americans navigate potential costs and benefits associated with the United States adopting a central bank digital currency. Overwhelming majorities would oppose the adoption of a CBDC if it meant that the government could control what people spend their money on (74%), that the government could monitor their spending (68%), that a CBDC would abolish all U.S. cash (68%), that a CBDC would attract cyberattacks (65%), that the government could charge a tax on those who don’t spend money during recessions (64%), or that the government could freeze the digital bank accounts of political protesters (59%). Americans were marginally opposed (52%) if a CBDC could cause some people to stop using private banks, resulting in some banks going out of business.


Both Democrats and Republicans Fear Government Turning Off Their Money

Strong majorities of Democrats (71%) and Republicans (82%) would oppose a CBDC if the government could control what people spend their money on and when. Majorities of Democrats (61%) and Republicans (82%) would also oppose a CBDC if the government could see what people buy with the digital currency. Notably, however, Democrats make a stronger distinction between the government monitoring what people buy (61% opposed) and the government having the ability to control it (71% opposed).

If you’re willing to fight for Main Street America, click here to sign up for the Richardcyoung.com free weekly email.

Related Posts

  • Protect Your Money
  • 84% of Americans Say There's Nothing Wrong With Making Money
  • Trump on the Money
  • A Cashless Society Is A Debacle for Americans
  • Author
  • Recent Posts
The Editors
Latest posts by The Editors (see all)
  • Will Africa Soon Be Embroiled in a War Over Resources? - September 20, 2023
  • Do You Really Need 8 Glasses of Water a Day? - September 18, 2023
  • What Are the Threats Posed by the WHO’s New Pandemic Treaty? - September 15, 2023

Dick Young’s Must Reads

  • Your Sheriff Can Thwart Federal Gun Control Efforts
  • Conflict Between Democratic Sovereignty and Transnational Progressivism (Globalism)
  • “An Epic Struggle Over the Definition of America”
  • We’ll Burn the Place Down!
  • Vermont Abandoned, Dairy Farm Economy Devastated
  • CONSTITUTIONAL CARRY: Alabama Becomes 22nd Permitless Carry State
  • FARM AMERICA: New York City’s Finest Cheesemongers
  • What’s John Kerry Doing in Mexico?
  • Joel Salatin Can Help Americans Beat Food Inflation
  • America’s Number One Patriot: Naples Florida’s Alfie Oakes

Our Most Popular Posts

  • A High-Speed Collision with Reality
  • Will the UAW Get What It Wants?
  • New York Finds a New Way to Harass Gun Owners
  • Americans Are Not Happy with Bidenomics
  • Ron Paul Exposed the Fed and the Neocon Scam
  • Don't Tread on America's Children
  • Bidenomics Gutting Real Household Income
  • “I Want to Be a Farmer, a Garbageman, or Tom Brady”
  • Do You Really Need 8 Glasses of Water a Day?
  • So Much for Mozart

Compensation was paid to utilize rankings. Click here to read full disclosure.

RSS Youngresearch.com

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Inflation Could Kill Social Security
  • Will the Fed Hold Up Its End of the Bargain?
  • Should America Move Closer to the Saudis, or Push them Away?
  • Don’t Ask Me When to Haul Your Boat
  • Robot Warehouses Need Better Internet
  • California Mandates Drive Diesel Truck Buying Spree
  • Americans Are Not Happy with Bidenomics
  • Paris’s Big Plans for the Champs-Elysées
  • A Plan for Cutting Federal Government Spending

RSS Yoursurvivalguy.com

  • Wellington and Wellesley Funds Not Managed by Vanguard
  • Remembering Jimmy Buffett: The Oldest Surfer on the Beach
  • The Folly of Windmills from Nowhere USA
  • NYC Rolling Out the Robocops
  • Will the Fed Hold Up Its End of the Bargain?
  • Are Most NFTs Now Worthless?
  • 2ND AMENDMENT ALERT: Biden to Create New Anti-Gun Office
  • Don’t Ask Me When to Haul Your Boat
  • You May Be Surprised by America’s “Least Woke City”
  • GREENWASHING: What’s in a Name?

US Treasury Yield Curve: My Favorite Investor Tool

Five Year Treasury Yield

Skyrocketing Costs of Building a Green Grid Are Starting

Wellington and Wellesley Funds Not Managed by Vanguard

The Constitutional Case Against CBDCs

The Government Attack on Americans’ Independence

Copyright © 2023 | Terms & Conditions | About Us | Dick Young | Archives