“As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal,” says Sen. Ted Budd (R-NC). “A CBDC would open the door for the federal government to surveil and control the spending habits of all Americans. Any push to establish a CBDC must be confronted and stopped.”

This week, news hit the press that Joe Biden continues to race forward in his quest to force a Central Bank Digital Currency (CBDC) upon the American people, illustrating exactly how urgent it is that we get Congress to bring HR 1122 and S 887 to the floor for an immediate vote. These bills aim to amend the Federal Reserve Act to prevent Joe Biden’s Fed from ramming his new financial surveillance tool down American throats. Read on. — Mat

“Big government has no business spying on Americans to control their personal finances and track their transactions,” says Sen. Rick Scott (R-FL). Scott is co-sponsor of S 887, a bill that amends the Federal Reserve Act to prevent Joe Biden from replacing cash with a government-controlled Central Bank Digital Currency.

CBDCs are designed to replace cash and make the central government your direct banker. In doing so, the government gets to control how and where every cent is spent, as well as spy on every single transaction made — without a warrant.

“The end of cash and the insta-analysis of financial transactions enable surveillance, state control, and, eventually, social engineering on a scale never thought possible,” said Alex Gladstein, chief strategy officer at the Human Rights Foundation.

Gladstein continues: “When the government can take financial privileges away for posting the wrong word on social media, saying the wrong thing in a call to parents, or sending the wrong photo to relatives, individuals self-censor and exercise extreme caution. In this way, control over money can create a social chilling effect.”

There has been talk of introducing CBDCs as part of government assistance programs, like welfare, to begin normalizing the currency among a vast number of citizens before launching the system to the full (and likely resistant) public. To do so, the government could force welfare recipients to abandon cash and private banking in favor of the centralized, government-controlled digital dollars.

Germany is already dabbling with the precursors of just such an action. Cash is still king in Germany, and cashless payments are often frowned upon by businesses as well as the public. In fact, many businesses refuse to accept any payment other than cash.

But in April, the German Parliament passed a new law forcing asylum seekers to use a digital payment card to spend their government benefits. The government controls how the funds may be spent, with half allocated for food items and the other half for additional government-approved purchases. The user may only withdraw a tiny fraction of the funds to be used as untraceable cash.

The German government also dictates where those funds may be spent, forbidding any of the funds to be transferred or spent in another country, including internet-based purchases and payments. And the government will pressure German businesses to accept these new digital payment cards or lose business.

Here in the U.S., CBDC’s potential to eliminate financial privacy is deeply alarming — especially to organizations like ours that speak out against tyrannical regimes.

“From Operation Chokepoint to recent reports of political and religious profiling by FinCEN [Financial Crimes Enforcement Network], it is clear that government bureaucrats have been far too willing to exploit the financial system to advance political agendas and target Americans,” says Sen. Bill Hagerty (R-TN). “This bill [S 887] blocks the issuance of a central bank digital currency, preventing CBDC from being used as a tool to surveil and violate Americans’ privacy.”

Globalist world bankers are behind CBDC push.

While the Biden administration has placed “the highest urgency” on implementing a CBDC, it should surprise no one that Joe Biden is not running this show.

Founded in 1973, the Society for Worldwide Interbank Financial Telecommunication (SWIFT) is an organization owned and operated by the world’s largest banks and central bankers. Every three years, SWIFT adjusts its leadership by putting the bankers with the highest volume of financial transactions in charge of decision making. Needless to say, these money handlers have a vested interest in controlling the world’s finances.

In early May, SWIFT announced it was testing a CBDC transaction system with 38 commercial and central bankers. The result of this experiment will be a global umbrella, built by central bankers, to manage the movement of all the CBDCs around the world. In other words, like Sauron’s “One Ring to rule them all,” in The Lord of the Rings, SWIFT aims to have one CBDC system that governs the movement (and use) of all other CBDCs throughout the world.

We cannot allow Joe Biden to put freedom- and privacy-loving America under ANY kind of globalist rule, especially one that threatens the very basis of freedom — our ability to spend and control the fruits of our labors.

Please, fax Congress now and demand they stop this reckless march toward socialism.

Liberty Counsel continues to fight the good fight, defending life, religious liberty, and the natural family. We have multiple U.S. Supreme Court wins under our belt, and we will not stop fighting until our precious liberties are safe and secure. We need your help.

Please, help fund our crucial legal work today. As you know, Liberty Counsel never charges our clients. Few could afford to defend themselves against a government gone mad.

Mat Staver

Founder and Chairman
Liberty Counsel

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