Joe Biden and his globalist central banker pals are getting antsy as public interest in cryptocurrencies continues to grow. So, they are trying to force a Central Bank Digital Currency (something quite different) on Americans. But why? Like the wolf once said — “All the better to control you, my dear.”

Thank God some in Congress are fighting back. Help us keep Biden’s financial wolf away from American doors. Fax Congress and demand financial privacy. Then read on for the news. — Mat

Join me now in demanding Congress VOTE YES on HR 1122 and S 887 to Stop Joe Biden from taking control of YOUR finances.

According to Brookings Institute, cryptocurrencies are “a form of payment that can circulate without the need for a central monetary authority such as a government or bank.” These technologies “enable people to buy, sell or trade” in total privacy with no government intermediary to snoop, stop, or control the transaction.

Central Bank Digital Currencies (CBDCs) use much of the same technology as cryptocurrencies, with one highly significant difference — they insert a government or central bank in the middle of every transaction, which creates fees and allows the go-between full access and control over every financial transaction, no matter how small.

As more and more people use cryptocurrencies, Joe Biden and globalist central bankers are rushing to create CBDCs with the federal government in control of your money.

According to blockchain security specialist Reuben Jackson, “Financial regulators are already worried about losing control over the money supply given the rising adoption of Bitcoin and other cryptocurrencies.” (emphasis added)

In other words, governments and central banks are exasperated by the financial privacy provided by cryptocurrencies.

“The ugly aspect of CBDCs is that they centralize money even more and preserve the oligopoly power of financial institutions. Unlike cryptocurrencies that aim to democratize and decentralize finance, CBDCs grant near-complete control to central banks.”

The danger of CBDCs is the government’s ability to politicize money, according to Jackson.

“Central banks can conceivably use their new digital toolkits to monitor, record, analyze and tax every transaction,” says Jackson, who added that CBDCs “would also enhance control over an ordinary citizen’s level of access to a financial system, especially if a citizen is engaging in behavior that central banks may deem threatening, for whatever reason.”

In other words, if the government doesn’t like your political or religious stance, it can simply eliminate your access to money.

Jackson’s concerns are not theoretical fearmongering, as the Chinese Communist Party (CCP) provides a perfect case study on how governments can use money to transform their citizens into helpless serfs.

In 2018 alone, 23 million Chinese citizens were prevented from using their own money to purchase plane and bus tickets because the CCP had determined they were guilty of “poor social credit” and “behavior crimes.”

According to a CCP document published in 2014, the social credit system seeks to reinforce the idea that “keeping trust is glorious and breaking trust is disgraceful.”

The CCP lowers social credit scores, and limits citizens’ ability to spend their own money if they are bad drivers, buy too many video games, or share news articles the CCP has determined to be “fake news.”

Remember the extreme censorship we experienced during COVID, when our own government censored fact-based science that contradicted disgraced Dr. Anthony Fauci’s company line?

Liberty Counsel’s emails, social media posts, and other communications were labeled as false news. Some of our articles continue to be censored even though science has proved our contentions were correct all along.

But in China, if one shared the so-called “fake news,” the CCP froze funds, leaving people unable to pay bills or even buy food.

This is exactly the kind of totalitarian nightmare that HR 1122 and S 887 are designed to prevent.

“CBDCs pose a clear threat to Americans’ financial independence,” says HR 1122 co-sponsor Rep. Byron Donalds (R-FL). “Rather than following the lead of oppressive regimes like China and Russia, we should dramatically decrease the federal government’s involvement in personal finances.”

S 887 sponsor Sen. Ted Cruz (TX) says, “The federal government has no authority to unilaterally establish a central bank currency. This bill goes a long way in making sure big government doesn’t attempt to centralize or control cryptocurrency.”

We cannot allow Joe Biden to turn America into Communist China! Please FAX CONGRESS NOW!

Please, help fund our crucial legal work. As you know, Liberty Counsel never charges our clients. Few could afford to defend their rights against a government gone mad. Instead, they rely on people like YOU, a faithful Liberty Counsel supporter. And if the CBDC becomes a reality in America, we will have mountains of more work to protect American liberty!

Every donation made today will be DOUBLED IN IMPACT by a special Challenge Grant. Please give generously today.

Mat Staver
Founder and Chairman
Liberty Counsel

P.S. Make a recurring monthly donation and let the Challenge Grant DOUBLE THE IMPACT OF YOUR REGULAR GIFTS!

P.P.S. Fax Congress NOW to protect Americans from a Central Bank Digital Currency, and don’t forget to sign the petition!

Sources:

Canales, Katie, and Aaron Mok. “China's 'Social Credit' System Ranks Citizens and Punishes Them with Throttled Internet Speeds and Flight Bans If the Communist Party Deems Them Untrustworthy.” Business Insider, November 28, 2022. Businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4.

Jackson, Reuben. “CBDCs: The Good, the Bad, and the Ugly.” Crunchbase News, August 3, 2021. News.crunchbase.com/fintech-ecommerce/cbdcs-the-good-the-bad-and-the-ugly/.

Sung, Michael, and Christopher A. Thomas. “The Innovator’s Dilemma and U.S. Adoption of a Digital Dollar.” TechStream. Brookings, March 24, 2022. Brookings.edu/techstream/the-innovators-dilemma-and-u-s-adoption-of-a-digital-dollar/.