President Trump reportedly will announce during a speech in Portsmouth, New Hampshire, that he will not allow the Federal Reserve to create a central bank digital currency (CBDC).

The Post Millennial obtained the speech and shared its warnings about the dangers of CBDCs.

“As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give the federal government absolute control over your money,” the speech reportedly said.

“This would be a dangerous threat to freedom – and I will stop it from coming to America. We are also going to put in place strong protections to stop banks and regulators from trying to debanks you for your political beliefs. That will never happen while I am your president,” it reportedly added.

“President Trump just made a new promise in New Hampshire tonight & I have *full* confidence he will keep it,” former GOP presidential candidate Vivek Ramaswamy said.

Ramaswamy shared:

“Tonight, I am also making another promise to protect Americans from government tyranny. As your president, I will never allow the creation of a Central Bank Digital Currency. Such a currency would give the federal government absolute control over your money. This would be a dangerous threat to freedom – and I will stop it from coming to America. We are also going to put in place strong protections to stop banks and regulators from trying to DE-BANK you for your political beliefs. That will NEVER happen while I am your president.”

Ramaswamy said “h*** no” regarding CBDCs.

Vivek Ramaswamy Takes Two-Word Stance On Central Bank Digital Currencies

The Post Millennial reports:

Central Bank Digital Currency has been hotly debated in recent years with critics saying that it would centralize the dollar and could be used to control Americans through their digital wallets.

Global central banks, including the Bank of Canada, have been engaged in discussions about the potential implementation of digital currencies. As the use of physical cash diminishes in favor of electronic and online payment systems, Canada has actively participated in this dialogue.

Two years ago, the Bank of Canada collaborated with the European Central Bank, the Bank of Japan, the Bank of England, the Swedish Riskbank, and the Swiss National Bank in a study group dedicated to exploring digital currencies. The insights gained from this collaboration are now becoming evident domestically, as the Bank of Canada has unveiled a list of various "archetypes" of CBDC systems, commonly referred to as central bank digital currencies.

Global central banks, including the Bank of Canada, have been engaged in discussions about the potential implementation of digital currencies.

Watch President Trump's full speech at WLTReport:

WATCH LIVE: Trump Gives Speech In Portsmouth, New Hampshire

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