Robert F. Kennedy Jr. Says FedNow CBDC Will Bring “Financial Slavery”

In a recent tweet, US presidential candidate Robert F. Kennedy Jr. warned that the Federal Reserve‘s new FedNow CBDC will lead to “financial slavery and political tyranny.” The environmental lawyer also discussed how the government’s creation of digital currency could endanger financial freedom.

This comes after Kennedy sent some papers to the US Federal Election Commission earlier this month. So, the filing shows that Kennedy can run for president as a Democrat in 2024.

Robert F. Kennedy Jr. Warns Against Digital Currency, FedNow CBDC

The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.

While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private…

— Robert F. Kennedy Jr (@RobertKennedyJr) April 5, 2023

Kennedy is a lawyer who is running for president. He was the nephew of John F. Kennedy, president of the United States from 1961 to 1963. In particular, he was known for his strong stance against laws that require people to get vaccines. Now, he is starting to focus on digital assets.

In particular, Robert F. Kennedy, who is running for president in 2024, has discussed the Federal Reserve’s newly announced FedNow CBDC. Also, using digital currency could lead to “financial slavery and political tyranny,” they say.

In a tweet, Kennedy said the new FED announcement made him angry. He says that cash transactions will no longer be anonymous if a CBDC is used everywhere and is watched by the government. He also said, “The central bank will have the power to enforce dollar limits on our transactions, limiting where you can spend money, where you can spend it, and when money expires.”

On the other hand, Kennedy was worried that the CBDC was the first step towards getting rid of Bitcoin. “At first, the FED will only use the CBDC for bank transactions.” However, we shouldn’t ignore the obvious risk that this is the first step towards banning and seizing bitcoin, just like the Treasury did with gold in 1933.”