Joe Rogan says ‘no f***ing way’ to central bank digital currency: ‘That’s game over’

Podcaster Joe Rogan raged against a central bank digital currency, declaring that if a digital dollar is forced on Americans, it’s “checkmate” and “game over.”

Rapper Post Malone asked Rogan about Central Bank Digital Currencies (CBDCs) on the “Joe Rogan Experience” Tuesday.

“So how do you feel about the government’s digital currency that they’re working [on]?” asked Malone, whose real name is Austin Richard Post.

“No f***ing way. No way. That’s what I think. I think that’s checkmate. That’s game over. Because if they apply that to a social credit score — 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 f***ed up, and the rules are the rules,” Rogan candidly replied.

A CBDC is a digital form of currency issued and regulated by a country’s central bank. It serves as a digital representation of a nation’s official currency, allowing for electronic payments and transactions. It can be totally controlled by a government entity as it is not a hard currency.

Malone voiced concerns about the banking system in the United States. He noted that FDIC insurance only covers bank account values up to $250,000.

The FDIC doesn’t cover all types of accounts. Financial instruments, such as stocks, bonds, money market funds, cryptocurrency, US Treasury securities (T-bills), safe deposit boxes, annuities, and insurance products aren’t insured by the FDIC.

It also “doesn’t insure regular shares and share draft accounts of credit unions. Similar to the FDIC, the National Credit Union Share Insurance Fund, administered by the National Credit Union Administration (NCUA), insures accounts at credit unions,” according to Investopedia.

During the podcast, Rogan and Malone also discussed the Canadian government freezing bank accounts during the truckers’ “Freedom Convoy” in February of last year.

Malone asserted that the federal government has too much control over Americans‘ finances and that they could close bank accounts and cut off funds to anyone without notice.

It’s one of the reasons Bitcoin is so popular.

Considering that Rogan’s podcast reaches over 11 million listeners per episode and Malone has a combined 31 million followers across X and Instagram, that warning should hit home for a lot of Americans.

The subject of CBDCs is a hot one and is playing into the 2024 presidential race.

In July, Republican presidential candidate and Florida Governor Ron DeSantis vowed to ban CBDCs in the US if he is elected president. DeSantis has stood against CBDCs for some time now as well as Environmental, Social, and Corporate Governance (ESG). He has also criticized the Biden Administration for waging a “war” on Bitcoin and cryptocurrencies.

“Biden’s war on bitcoin and cryptocurrency will come to an end when I am president,” DeSantis said “We are going to allow Americans to invest in things like bitcoin and cryptocurrency. No one is forcing you to do it, if you want to do it, you can do it.”

Democratic candidate Robert F. Kennedy Jr. has also criticized CBDCs for being instruments of “control,” and is promising to back the US dollar with hard assets, including Bitcoin if he is elected.

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