Podcaster Joe Rogan claims US CBDC would be a "game over" for citizens.
The renowned podcaster Joe Rogan and rapper Post Malone recently voiced their skepticism over the prospects of a Central Bank Digital Currency (CBDC) in the US, emphasizing potential threats to citizen freedoms.
The recent episode of "The Joe Rogan Experience" podcast, which typically gathers over 11 million listeners, saw Rogan and Post Malone delve deep into discussions on the US financial infrastructure, spotlighting potential CBDC concerns.
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Rogan's clear-cut stance on the subject was evident:
No f*cking way. No way. That’s what I think. I think that’s checkmate. That’s game over.
He painted a rather grim picture where an overbearing government might regulate a CBDC in line with a person's social behavior, potentially denying access to funds for non-compliance.
If they decide somehow or another that you need some social credit score system and it’s for the benefit of society, and they outline that, they can track your behavior and your tweets and all your things <...> They just decided you messed up, and the rules are the rules.
Post Malone also expressed his reservations, emphasizing the limits of the FDIC insurance protecting bank accounts of less than $250,000. The duo further discussed the contentious move by Canada's government to freeze assets related to the "Freedom Convoy" truckers.
Malone postulated that the US authorities wield undue influence over the financial affairs of its citizens, potentially denying monetary access at their whim, sentiments that resonate well with decentralized cryptocurrency proponents.
These reservations come at a pivotal time when CBDC discussions are taking center stage in US politics. Republican candidate and Florida's Governor, Ron DeSantis, committed to banning CBDCs if he were to secure the presidency. In contrast, Democratic aspirant Robert F. Kennedy Jr. termed CBDCs as tools of "control," suggesting an alternate backing of the US dollar with tangible assets, including the prominent cryptocurrency Bitcoin (BTC).
As discussions about CBDCs infiltrate mainstream conversations and political agendas, the concerns raised by influential figures like Joe Rogan and Post Malone underscore the need for a more transparent and inclusive dialogue on the future of digital currency in the US.
