(The National Pulse)—President Donald J. Trump has signed an executive order barring federal agencies “from undertaking any action to establish, issue, or promote central bank digital currencies (CBDCs).” The controversial fiat digital currencies are issued by central banks in lieu of paper money and fall into the specific category of Retail CBDCs. Additionally, central banks can issue Wholesale CBDCs, which act similarly to a central bank’s reserve system.
Also contained in the executive order are directives aimed at rescinding harmful regulations enacted by former President Joe Biden that negatively impact cryptocurrencies like Bitcoin. “The Executive Order revokes the previous Administration’s Digital Assets Executive Order and the Treasury Department’s Framework for International Engagement on Digital Assets which suppressed innovation and undermined U.S. economic liberty and global leadership in digital finance,” a White House statement reads.
President Trump’s move comes just over a year after The National Pulse reported that he pledged to prevent the creation of a CBDC by the U.S. government while campaigning in New Hampshire. “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,” Trump said on January 17, 2024.
Under former President Joe Biden’s Treasury Secretary, Janet Yellen, CBDCs saw a revival of interest from government policymakers. The Biden Treasury Department undertook studies on how to implement the use of a CBDC in the American economy. However, critics, including members of the Federal Reserve, have pointed to a digital currency’s potential to undermine the U.S. dollar—already the global reserve currency.
In addition, numerous anti-CBDC activists argue the government-controlled digital tender could be abused to de-bank and spy on Americans.
Independent Journalism Is Dying
Ever since President Trump’s miraculous victory, we’ve heard an incessant drumbeat about how legacy media is dying. This is true. The people have awakened to the reality that they’re being lied to by the self-proclaimed “Arbiters of Truth” for the sake of political expediency, corporate self-protection, and globalist ambitions.
But even as independent journalism rises to fill the void left by legacy media, there is still a huge challenge. Those at the top of independent media like Joe Rogan, Dan Bongino, and Tucker Carlson are thriving and rightly so. They have earned their audience and the financial rewards that come from it. They’ve taken risks and worked hard to get to where they are.
For “the rest of us,” legacy media and their proxies are making it exceptionally difficult to survive, let alone thrive. They still have a stranglehold over the “fact checkers” who have a dramatic impact on readership and viewership. YouTube, Facebook, and Google still stifle us. The freer speech platforms like Rumble and 𝕏 can only reward so many of their popular content creators. For independent journalists on the outside looking in, our only recourse is to rely on affiliates and sponsors.
But even as it seems nearly impossible to make a living, there are blessings that should not be disregarded. By highlighting strong sponsors who share our America First worldview, we have been able to make lifelong connections and even a bit of revenue to help us along. This is why we enjoy symbiotic relationships with companies like MyPillow, Jase Medical, and Promised Grounds. We help them with our recommendations and they reward us with money when our audience buys from them.
The same can be said about our preparedness sponsor, Prepper All-Naturals. Their long-term storage beef has a 25-year shelf life and is made with one ingredient: All-American Beef.
Even our faith-driven precious metals sponsor helps us tremendously while also helping Americans protect their life’s savings. We are blessed to work with them.
Independent media is the future. In many ways, that future is already here. While the phrase, “the more the merrier,” does not apply to this business because there are still some bad actors in the independent media field, there are many great ones that do not get nearly enough attention. We hope to change that one content creator at a time.
Thank you and God Bless,
JD Rucker
