Podcaster and commentator Joe Rogan has blasted the idea of a United States central bank digital currency, describing a digital dollar as a \u201cgame over\u201d scenario for American citizens.\u00a0<\/p>\n
In an Aug. 8 episode of the widely-watched podcast Joe Rogan Experience<\/em>, Rogan and rapper Post Malone turned to topics surrounding the U.S. financial system, pausing to focus on the potential abuses of power that could come with CBDCs in the United States. <\/p>\n Joe Rogan\u2019s podcast typically amasses more than 11 million listeners per episode. Meanwhile, Post Malone boasts a combined 31 million followers across X and Instagram. It comes as discussions around CBDCs have started to make their way into U.S. presidential campaigns.\u00a0<\/p>\n Rogan didn\u2019t mince words when asked for his thoughts on a CBDC:<\/p>\n \u201cNo fucking way. No way. That\u2019s what I think. I think that\u2019s checkmate. That\u2019s game over.\u201d<\/p><\/blockquote>\n Rogan spelled out a scenario where a tyrannical government could tie the flow of a CBDC to one\u2019s social credit score, saying that citizens could easily be cut off from their finances for breaking the rules. <\/p>\n \u201cIf they decide somehow or another that you need some social credit score system and it\u2019s 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 fucked up, and the rules are the rules,\u201d he said. <\/p>\n Malone also mentioned his concerns with the banking system in the United States, noting that FDIC insurance only covers bank account values up to $250,000. <\/p>\n The pair also discussed the controversial decision by the Canadian government to freeze the bank accounts associated with the \u201cFreedom Convoy\u201d truckers in February last year. <\/p>\n Malone argued that the U.S. government has too much control over the flow of everyday people\u2019s finances and that they could potentially cut off funding to anyone at a moment’s notice. <\/p>\n It echoes similar sentiments from avid supporters of decentralized cryptocurrencies.<\/p>\n