CBDC: This Is Not The First Monetary Reset

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Historian Robert Wright draws parallels between the New Deal's reset of the monetary system when America was taken off the Gold Standard, with the possibility of a modern day monetary reset through CBDCs.

Excerpt from the full podcast: Is History Repeating Itself? The Great Reset & The New Deal with historian Robert Wright:

On this episode of Liberty Curious, Robert Wright, historian, joins Kate Wand to discuss two Great Resets. In his research he has discovered striking resemblances between the New Deal under FDR in the 1930s, and the modern day Great Reset. This begs the question: is history repeating itself?

Robert Wright explores the parallels between the New Deal era and the current situation. The New Deal was a period of significant change in the relationship between the federal government and individuals in America. It marked a shift from a society focused on individual liberty to one where people looked to the government for solutions to problems. The federal government gained more power, while individual liberties were curtailed.

The parallels between then and now are examined through ten points. The first point is the state control of mass media. In the past, newspapers, movies, radio, and theater were used to vilify critics of administration policies. Today, social media platforms like Twitter are accused of censoring speech, labeling certain views as extremist or pro-enemies, similar to how critics were labeled during the New Deal era.

The second point is the augmentation of state surveillance and law enforcement. The increase in government surveillance and the expansion of agencies like the National Security Administration (NSA), CIA, and the passing of acts like the Patriot Act are reminiscent of the increase in the FBI's power during the New Deal era. The FBI, under J. Edgar Hoover, tracked and harassed individuals who were considered threats to the administration.

Other points in the video discuss the expansion of government control over the economy, such as through regulations, government intervention, and the confiscation of gold. The video also touches on the use of crisis and war to expand government power, the increase in government spending and debt, the centralization of power in the executive branch, and the erosion of constitutional limits on government power.

Overall, the video suggests that there are parallels between the New Deal era and the current situation, highlighting the expansion of government power and the potential threats to individual liberties.

*** Please note that the opinions expressed in this podcast are solely those of the host and her guests. They do not necessarily reflect the views of the American Institute for Economic Research. The content presented in this show is intended for educational purposes only, and should not be considered as financial advice. ***