by Matt Lamb, LifeSite News:
TRUTH LIVES on at https://sgtreport.tv/
WASHINGTON, D.C. (LifeSiteNews) — A former official in the United States government said that the elimination of cash and the creation of a central bank digital currencies (CBDCs) could be used to control citizens.
Catherine Fitts is a former investment banker who also worked in the Department of Housing and Urban Development as an assistant secretary under President George H.W. Bush. She recently went on Tucker Carlson Tonight to explain what she believes is happening.
“One of the bedrocks of freedom” is the ability to privately transact business, Fitts noted.
She compared trying to stop the government encroachment on financial liberties as trying to corral animals.
“The reality as the financial system gets more controlling and more invasive … central bank digital currencies and vaccine passports or digital IDs are sort of the last shutting of the gate,” Fitts said.
CBDCs are “a financial transaction control grid,” according to Catherine Fitts. pic.twitter.com/IkyI21jBQh
— Matt Lamb (@MattLamb22) February 3, 2023
She said most Americans are “used to living with financial transaction freedom,” but they do not understand the seriousness of the situation. “When this gate closes on us, we literally will be sitting in a system where the central banks believe that our assets belong to them and they can dictate where we can spend our money and what we can spend money on.”
She said the term “currencies” is misleading as well. “It’s a financial transaction control grid,” Fitts warned. Central bankers will “turn off” money if someone does not follow the rules they create.
“If you’ve enjoyed liberty, it’s very hard to perceive this iceberg before you hit it,” Fitts said.
