Mark Carney has history of supporting CBDCs, endorsed Freedom Convoy crackdown

by Anthony Murdoch

Liberal leadership candidate Mark Carney has a history of supporting central bank digital currencies as the ‘future of money,’ and in 2022 promoted the ‘choking off’ of donations to the Freedom Convoy.

(LifeSiteNews) –– World Economic Forum-linked Liberal Party leadership frontrunner Mark Carney has a history of supporting central bank digital currencies, and in 2022 supported “choking off the money” donated to the Freedom Convoy.

In his 2021 book Value(s), Carney said that the “future of money” is a “central bank stablecoin, known as a central bank digital currency or CBDC.”

He noted in his book that such a currency would be similar to current cryptocurrencies such as Bitcoin, but without the private nature afforded to it by its decentralization.

“It is simply untenable in democracies that the core of the monetary system could be based on forms of electronic private money whose creators control large blocks of the currency, like Bitcoin,” he wrote. “Cryptocurrencies are not the future of money.”

Carney noted that a CBDC, if “properly designed,” could serve “all the functions to which private cryptocurrencies and stablecoins aspire while addressing the fundamental legal and governance issues that will, in time, undermine those alternatives.”

Expanding on his worldview in relation to CBDCs, Carney suggested that “fear” can be taken advantage of to shape the future of money.

“With fear on the march, people were willing to surrender to Hobbes’ ‘Leviathan’ such basic rights as the freedom to leave their homes,” he wrote. “And so it is with money. People will support the delegation to independent central banks of the tough decisions that are necessary to maintain the value of money provided the authorities deliver monetary and financial stability.”

Some Canadians are alarmed by the prospect of CBDCs, a fear that only worsened after the Liberals under Prime Minister Justin Trudeau froze hundreds of bank accounts it deemed were importantly linked to the 2022 Freedom Convoy.

During the Freedom Convoy, Carney wrote in an op-ed for the Globe and Mail, “Those who are still helping to extend this occupation must be identified and punished to the full force of the law,” adding that “Drawing the line means choking off the money that financed this occupation.”