Federal Income Tax

Will the Central Banks Go Digital?

Broadcast Running Time: 01:19:13

John Loeffler

August 14, 2021

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Eliminating cash and transitioning to an all-digital currency may make some people nervous, especially if the digital currency is backed by the government. Leading off the show this week is silver expert David Morgan (themorganreport.com), author of the Morgan Report. He and John look at the possibility that the U.S. government could shift to digital currency, giving them control over all transactions. Bitcoin, the current leader in digital money, will either face off against the establishment or be co-opted by it. David also predicts what could happen with inflation and our massive debt.

We then move in-house with a conversation between John and Producer Steve. They examine the media's lack of journalism in parroting the administration's wavering virus messaging as well as using conflicting scientific papers in the virus and vaccine battle. They also discuss the tendency for the truth to win out in the end, how mandates violate freedom, and even some unprofessional undercover activity on the part of federal law enforcement.

Finally, we welcome to the show Mike Berry (firstliberty.org), General Counsel for First Liberty Institute and member of the U.S. Marine Corps. It is getting harder for members of the armed forces to honor the military oath. It says you are to support and defend the Constitution, but it also says you are to obey the orders of the President and superior officers. With woke leadership demonizing conservative military members for their beliefs, eventually our enemies will defeat us without firing a shot.

The idea of eliminating cash and going to an all-digital currency may make some people nervous – especially if the digital currency is backed by the government – but what does it really mean? Joining us today is David Morgan (themorganreport.com), silver expert and author of the Morgan Report. He and John discuss the possibility that government, should they take the reins of a digital currency, would be able to track every transaction you make. They also look at how Bitcoin works, how the 'powers that be' would have to interfere if Bitcoin became too powerful, and what could happen with inflation and our massive debt.

It is a two-guest Wednesday here on Steel on Steel. First up is Trent England (saveourstates.com), Founder and Executive Director of Save Our States. He looks at the attempted federalization of the election system by end running the electoral college via the National Popular Vote. He also discusses HR1 and SB1, Congress's attempt to change election laws so that states have less power and the chaos we saw last year would become the norm.

We then transition to James Bovard (jimbovard.com), author and Member of the USA Today Board of Contributors. He examines what it looks like when the federal government actually is in charge of something – namely the IRS. He comments that the IRS has been given vast discretion and with that comes vast abuse. Are we headed toward more abuses like we've seen in previous administrations?