The EU Central Bank president has admitted what we’ve known all along — Central Bank Digital Currencies (CBDC) are designed to control us. Joe Biden is planning on unleashing this authoritarian dictate upon every American in the coming months.

Two bills in the House and Senate stand in his way. We MUST make sure these bills pass or Joe Biden will take Orwellian control of your finances that will effectively be a line-item veto on your spending.

Please, take a moment to FAX CONGRESS NOW, then read on for the details of this shocking plan to control Americans. — Mat

Joe Biden wants to know exactly how and on what you are spending your money.

As you may recall, in October of 2021, Joe Biden unilaterally decided that the U.S. government should be allowed to spy on any bank account that transacts more than 600 dollars in any given year. Thankfully, a massive outcry from citizens and Congress put a stop to Biden’s plans.

But Biden’s globalist masters have developed a new way to control your finances. Biden’s Fed-issued CBDC puts the government right back in your bank account, able to spy on every single transaction you make, no matter how small. And even worse, the CBDC allows the government to control your spending, permitting or prohibiting certain purchases. Think of it like food stamps that permit and forbid certain purchases. The CBDC could do the same thing on a much broader scale.

Central Bank Digital Currencies are designed for one singular purpose — ultimate control over law-abiding citizens’ purchases, actions, and movements.

European Central Bank President Christine Lagarde accidentally admitted as much in a phone call recorded last week.

In a call recorded by pranksters pretending to be Ukrainian President Volodymyr Zelensky, 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 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 the recorded call.

In May of last year, the European Union declared that cash payments of 7,000 euros or more are illegal. And in France and Italy, cash payments over 1,000 euros are prohibited.

“If governments and central banks control the creation, distribution, and exchange of virtual money, whatever remains of free markets will disappear,” says Gatestone Institute writer J.B. Shurk.

In other words, CBDCs will be the death knell of free markets and private property rights.

“If governments and central banks maintain a digital monopoly over the only legalized forms of money, then they may redistribute wealth or penalize personal behavior without regard for individual rights or limits to their control,” Shurk says.

These CBDC practices are already well underway in China, which uses its digital yuan CBDC to control its citizens’ every move. The Chinese government regularly cuts off the funds of people who dare complain about the communist state’s failures, while rewarding well-behaved party members.

Imagine if the federal government could monitor and control your money. Using the CBDC, the government could:

• Block or limit purchases.

• Block contributions to certain nonprofit organizations.

• Incentivize certain purchases.

• Place a time limit on your purchases.

• And much more.

We can expect Biden’s Fed to try to goad us into their new central banking scheme by declaring it to be an “equity” and race issue, as well as fostering “climate change.” But in reality, the only goal is to spy on your every move and to exert control over YOUR finances.

We MUST stop this Orwellian takeover of our finances! Right now, Congress is considering two bills to protect our privacy from Joe Biden’s IRS — HR 122 and S 887.

Please also consider helping 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 YOU, the faithful Liberty Counsel supporter.

Right now we are battling in courtrooms across the nation on critical issues like overturning the bans on Christian counseling, ending mail order abortions, defending religious freedom rights as well as the freedom of the press, even as we continue to battle the Southern Poverty Law Center’s dangerous “hate list” and Planned Parenthood’s twin evils — aborting the unborn and sterilizing children through “gender affirming” care. We need YOUR SUPPORT more than ever.

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

Thank YOU for helping us continue to protect religious freedom.

“For God so loved the world that he gave his one and only Son, that whoever believes in him shall not perish but have eternal life” (John 3:16).

Mat Staver
Founder and Chairman
Liberty Counsel

P.S. Please also sign our petition to protect Americans from the Central Bank Digital Currency.

Sources:

Antoni, E. J. “The Scary Fed Idea to Turn Your Dollars into a Digital Power Grab.” The Heritage Foundation, March 3, 2023. Heritage.org/markets-and-finance/commentary/the-scary-fed-idea-turn-your-dollars-digital-power-grab.

“Emmer Leads Effort to Squash Financial Surveillance State Initiatives.” Congressman Tom Emmer, February 23, 2023. Emmer.house.gov/press-releases?ContentRecord_id=E2966313-1C6F-45CA-BF15-26A9CDE9338E.

“ECB’s Lagarde Gets Pranked, Reveals Digital Euro Will Have ‘Limited’ Control.” Yahoo Finance, April 7, 2023. Finance.yahoo.com/news/ecb-lagarde-gets-pranked-reveals-135218145.html.

‌Kolinovsky, Sarah; Turner, Trish. “Biden Admin Backs down on Tracking Bank Accounts with over $600 Annual Transactions.” ABC News, October 19, 2021. Abcnews.go.com/Politics/biden-admin-backs-tracking-bank-accounts-600-annual/story?id=80665505/.

Shurk, J. B. “Central Bank Digital Currencies: Funny Money That Will Destroy What Is Left of Private Property, Free Markets, and Personal Liberty.” Gatestone Institute. April 12, 2023. Gatestoneinstitute.org/19553/central-bank-digital-currencies.

‌‌“Sen. Cruz Introduces Legislation to Prohibit the Fed from Establishing a Central Bank Digital Currency.” U.S. Senator Ted Cruz of Texas, March 21, 2023. Cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-prohibit-the-fed-from-establishing-a-central-bank-digital-currency.