Robert F. Kennedy Jr: “CBDCs are the ultimate mechanisms for social surveillance and control” Since announcing his presidential campaign, Democratic candidate Robert F. Kennedy Jr. has made it clear that he’s pro-digital and financial freedom by opposing central bank digital currencies (CBDCs), calling out debanking, and slamming digital IDs. Kennedy’s criticism of CBDCs has been geared around FedNow — an instant payment infrastructure developed by the Federal Reserve that’s set to launch in July. Kennedy initially described FedNow as a CBDC before later clarifying that he fears it’s “the first step toward a CBDC.” 114 countries, which represent more than 95% of the world’s global domestic product (GDP), are exploring a CBDC. The Biden administration has said CBDCs “have the potential to offer significant benefits.” And the heads of major central banks have confirmed that CBDCs will be identity-verified lack the privacy of cash, and be programmable. This programmability means that central bankers or governments can make your CBDCs expire impose spending limits, or control what you’re allowed to spend your CBDCs on Kennedy has recognized that these powers “grease the slippery slope to financial slavery and political tyranny.” In a tweet, the presidential candidate warned: “While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.” Kennedy has also noted that the surveillance and control will likely not be limited to financial data because CBDC users…Robert F. Kennedy Jr: “CBDCs are the ultimate mechanisms for social surveillance and control”