Central Bankers Have Their Eyes on YOU

Oct 20, 2023

The Boston Federal Reserve (Boston Fed) is already testing Joe Biden’s Central Bank Digital Currency (CBDC). Central bankers around the world are excited about this new programmable digital currency. But privacy advocates are screaming foul, warning that a CBDC will erase any scrap of financial privacy Americans still have. Read on. — Mat
 
 
On March 9, 2022, Joe Biden issued Executive Order 14067 entitled “Executive Order on Ensuring Responsible Development of Digital Assets.” This order instructs the Federal Reserve (the Fed) to begin developing a CBDC for use in America, a process that has already begun. The Boston Fed is already testing this new digital programmable “money.”
 
Central Bank Digital Currencies are designed for one purpose — to get ultimate control over law-abiding citizens, their purchases, actions, and movements. The central banks of the world are now pushing these technologies in their respective countries. We must not allow this to happen on our watch.
 
“A U.S. CBDC, under anything remotely close to the existing regulatory framework, would not protect privacy or freedom,” says Norbert Michel, vice president and director of Cato Institute’s Center for Monetary and Financial Alternatives.
 
“No central bank is even remotely interested in allowing people to anonymously transact with a CBDC, either directly or through financial intermediaries,” Michel adds.
 
In April of this year, European Central Bank President Christine Lagarde admitted that the EU’s CBDC would monitor and control purchases and payments as low as 300 euros. In fact, Lagarde said that the central government bank’s failure to monitor even small transactions would be “dangerous.”
 
“We are considering whether for very small amounts, anything that is around €300 [or] €400, we could have a mechanism where there is zero control, but that could be dangerous,” Lagarde said.
 
In July 2021, the general manager of the Bank of International Settlements (BIS), Augustín Carstens, told the U.N. IMF (International Monetary Fund) audience: “We don’t know who’s using a 100-dollar bill today and we don’t know who’s using a 1,000-peso bill today. The key difference with the CBDC is the central bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and also we will have the technology to enforce that.” (emphasis added)
 
The BIS is literally the central bank to the world’s central bankers, including the U.N.’s International Monetary Fund.
 
“Central bankers are enthralled with using CBDCs to prevent people from spending money or to inducing them to spend money, based on their institutions’ macroeconomic goals,” Michel says.
 
In Israel, residents are “allowed” to have 1,000 shekels (about 275 U.S. dollars) to spend “privately” without being tracked under their newly issued CBDC.
 
In India, where the Indian CBDC has already gone into effect, there is no privacy at all. The Indian government is considering allowing citizens to “delete” a certain number of transactions from their accounts. However, the transactions are only deleted commercially, meaning the government can still see the transaction.
 
We cannot allow Joe Biden to turn America’s financial privacy and, therefore, our very freedom, over to globalist bankers who are intent to completely control every person.
 
Right now, Congress is considering two bills to protect our privacy from Joe Biden’s IRS — HR 1122, HR 3712, and S 887. Please take a moment right now to fax Congress and demand they VOTE YES on HR 1122, HR 3712, & S 887!
 
YOUR GENEROUS SUPPORT allows Liberty Counsel to continue fighting and winning in courtrooms across the nation and before the U.S. Supreme Court on behalf of life, religious freedom, and the natural family.
 
We have multiple cases pending, including defending military members and health care workers against shot mandates, aiding organ transplant patients, overturning Christian counseling bans, fighting for freedom of speech, and defending the free press, religious liberty, parental rights, and pro-life warrior and undercover journalist Sandra Merritt. And this is just the tip of the iceberg.
 
 
Mat Staver
Founder and Chairman
Liberty Counsel
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Sources:

“ECB’s Lagarde Gets Pranked, Reveals Digital Euro Will Have ‘Limited’ Control.” Forkast, April 7, 2023. Forkast.news/headlines/ecb-lagarde-prank-digital-euro-limited-control/.

“Executive Order on Ensuring Responsible Development of Digital Assets.” The White House, March 9, 2022. Whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/.

Ikeda, Scott. “Proposed ‘Digital Rupee’ CBDC from India’s Central Bank Raises Privacy Concerns.” CPO Magazine, January 3, 2022. Cpomagazine.com/data-privacy/proposed-digital-rupee-cbdc-from-indias-central-bank-raises-privacy-concerns/.

“Israel Trials CBDC Blockchain Solution That Enables Privacy.” Ledger Insights, June 21, 2022. Ledgerinsights.com/israel-cbdc-blockchain-privacy/.

Michel, Norbert. “Central Bank Digital Currencies, Under Any Name, Threaten Privacy and Freedom.” Forbes, May 2, 2023. Forbes.com/sites/digital-assets/2023/05/02/central-bank-digital-currencies-under-any-name-threaten-privacy-and-freedom/?sh=669835603486.

Steward, Riley. “Boston Fed-MIT Team Hails Successful CBDC Test.” Central Banking, February 8, 2022. Centralbanking.com/fintech/cbdc/7927991/mit-boston-fed-cbdc-project-hails-successful-phase-one-tests.

“The BIS Wants ‘Absolute Control’ of Your Money via Central Bank Digital Currencies.” Bitcoinist, July 10, 2021. https://bitcoinist.com/the-bis-wants-absolute-control-of-your-money-via-central-bank-digital-currencies/.
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