Economists are sounding the alarm on Joe Biden's plan to replace cash with a programmable digital dollar known as a Central Bank Digital Currency (CBDC). According to a report by two of the world’s top economists, "CBDCs pose a substantial threat to financial privacy, financial freedom, and the very foundation of the banking system."

But Joe Biden and his “progressive” friends plan on forcing this technology on all Americans ... unless Congress stops him now. Please, take a moment to fax Congress demanding they STOP this insanity, then read on. — Mat

CBDCs come with “risks that cannot be ignored,” according to a report by two highly acclaimed economists, Nicholas Anthony and Norbert Michel, who warn that “a CBDC would provide countless opportunities for the government to control citizens’ financial transactions.”

In March 2022, Joe Biden issued Executive Order 14067, in which the Biden administration ordered the Federal Reserve (the Fed) to develop a replacement for paper and coin currency with a digital programmable dollar known as a “Central Bank Digital Currency” or CBDC.

The very first section of Biden’s executive order says this new currency will be used for, among other things, “human rights; financial inclusion and equity; and energy demand and climate change.”

But the only way currency can be used to achieve these objectives is through government control of your finances.

“The programming capabilities of a CBDC could mean that people would be prohibited from buying certain goods or limited in how much they might purchase,” Anthony and Norbert say.

“The possibilities for the programmability of a CBDC are nearly endless,” according to the report. “And in all of them, even the best of intentions are just a few steps away from leading to serious abuses of power.”

“A CBDC would provide countless opportunities for the government to control citizens’ financial transactions,” the economists say. “Such control could be preemptive (prohibiting and limiting purchases), behavioral (spurring and curbing purchases), or punitive (freezing and seizing funds).”

If Biden gets the CBCD digital currency he wants, with a touch of a button, your finances can be frozen for political opposition. Your mortgage could be denied for not having a high social credit via compliance with LGBTQ initiatives, and your heating and fuel purchases could be halted for not complying with “climate change” objectives.

Anthony and Norbert give a chilling example of potential future tyrannies utilizing the Biden administration’s already tyrannical actions during the COVID years. “In the case of the government-mandated lockdowns during the COVID-19 pandemic, a CBDC could have been programmed to only exchange with ‘essential’ businesses or alert the authorities when citizens incurred travel expenses.”

Considering the Biden administration has already announced its intention to sign the upcoming World Health Organization’s Pandemic Treaty, which authorizes the unelected globalist body to control Americans’ travel during another “pandemic” or other “emergency,” it’s not hard to imagine Biden utilizing this new CBDC technology to enforce the will of the United Nations agency on law-abiding Americans.

“The development of a digital currency should worry Americans everywhere,” says Justin Haskins, director of the Socialism Research Center at The Heartland Institute. "Once a digital currency is in place, government and/or Federal Reserve officials would have more power than ever to control, track and coerce individuals and U.S. businesses—likely without needing new laws approved by Congress."

“Once the transition to a digital dollar is complete,” says Haskins, “you wouldn't be able to go to the bank or an ATM and get physical cash out of an account that contains your digital currency.”

Instead, your only means to pay for goods or services will be via the government’s card or app, and you will be completely subject to their whims.

Americans have already experienced Biden and his “progressive” friend’s tyranny firsthand, thanks to COVID lockdowns and the planned destruction of the U.S. economy. We MUST NOT allow them to take the next step in financially enslaving Americans to their bizarre progressive policies.

YOU can help stop this push toward serfdom by faxing Congress NOW.

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Sources:

Anthony, Nicholas, and Norbert Michel. “Central Bank Digital Currency: Assessing the Risks and Dispelling the Myths.” Cato Institute, April 4, 2023. Cato.org/policy-analysis/central-bank-digital-currency#risks-cannot-be-ignored.

“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/.

Haskins, Justin. “Biden’s Plan for a Digital Dollar Is a Massive Threat to Freedom | Opinion.” Newsweek, March 18, 2022. Newsweek.com/bidens-plan-digital-dollar-massive-threat-freedom-opinion-1688803.