The Cashless Conspiracy: How Trump’s Economy and Musk’s Data Grab Threaten Freedom

October 23, 2025

The article details the Trump administration's economic policies that are allegedly pushing America toward a cashless, crypto-driven society threatening financial freedom. It claims Trump's tariffs have caused market losses of nearly seven trillion dollars and increased consumer prices significantly, while his administration has established a Strategic Bitcoin Reserve and allowed the creation of Erebor Bank for wealthy clients. The piece further alleges that the Department of Government Efficiency, formerly led by Elon Musk, compromised sensitive personal data of millions of Americans by uploading it to unsecured servers.

Who is affected

Middle-class families paying approximately $5,000 more annually for basic goods
Black Americans and the working poor who face potential financial exclusion
Millions of Americans whose personal data, including Social Security information, may have been compromised
Union members and those involved in workers' rights cases whose information may have been exposed
The elderly, poor, and unbanked populations (disproportionately Black and minority Americans) at risk in a cashless system
General consumers facing higher prices due to inflation and tariffs

What action is being taken

The Trump administration is incorporating Bitcoin into official US financial infrastructure through a Strategic Bitcoin Reserve
Trump's Department of Government Efficiency is uploading federal databases with personal information to unsecured cloud servers
Erebor Bank, a cryptocurrency-focused institution backed by conservative donors, is being established with unusual approval speed
REAL ID enforcement is linking biometric data to digital identification across states
Cybersecurity analysts are detecting suspicious data activity linked to Russian IP addresses

Why it matters

The economic changes have allegedly wiped nearly $7 trillion in market value
The moves potentially undermine Federal Reserve independence while centralizing power in the executive branch
Sensitive personal information of hundreds of millions of Americans may have been compromised
The shift toward a cashless, crypto-driven economy could exclude those already facing systemic barriers
Digital currencies enable total traceability, allowing governments or corporations to control how citizens spend money
These developments could replicate existing structural inequalities in the banking system under the guise of innovation

What's next

No explicit next steps stated in the article

Read full article from source: The San Diego Voice & Viewpoint