The Doomsday Book proposes to do things “without explicit congressional authorization,” Kuvvet continues. According to the book, the Federal Reserve believes it can “justify virtually any emergency action.”

And this poses a problem when it comes to Central Bank Digital Currencies.  

“Based on Mr. Kuvvet’s findings, Congress shouldn’t wait to establish clear and enforceable boundaries,” says Nicholas Anthony, a financial policy analyst at the Cato Institute.

When Joe Biden issued Executive Order 14067 demanding the Federal Reserve “investigate” CBDCs, the Federal Reserve didn’t just investigate – they went right ahead and created their own CBDC, testing the new, programmable, digital funny money’s power in collaboration with the Massachusetts Institute of Technology (MIT).

Congress NEVER authorized CBDCs. And given the nefarious “emergency powers” the Federal Reserve’s Doomsday Book claims the Central Bank has, it’s not hard to believe that the Federal Reserve will issue a CBDC without congressional authorization.

Article I, Section 8, Clause 5 of the U.S. Constitution states that Congress shall have the power ... [t]o coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures.

However, Section 31 U.S.C. 5103 states that all coins, currency, certificates, etc. offered by the Federal Reserve are legal tender for use anywhere in the U.S. Theoretically, the Federal Reserve could use that reasoning to issue a CBDC without congressional approval.

“[N]ew monetary systems risk being swept in without any democratic oversight at all,” Financial Times analyst Izabella Kaminska warns.  

This is important because CBDCs have the power to radically change our entire economy, giving broad powers to unelected Federal Reserve central bankers. Whether by design or default, those broad powers are designed to control your money, and therefore your freedom.

STOP Marxist Money in its tracks. Demand Congress VOTE YES on the CBDC Anti-Surveillance State Act.

Dr. Raoul Herborg, managing director at G+D, a company that creates Central Bank Digital Currencies for countries around the globe, is more than happy to extol why he is “excited” about CBDC’s ability to control users.

“CBDC smart wallets could be used to promote national policies that help meet sustainability objectives, e.g., by issuing a ‘green’ wallet. This would act as an incentive for consumers to buy environmentally friendly products and services,” Herborg claims (emphasis added).

“Central banks would be able to define policy rules that apply to all wallets — and cannot be changed ... including the fact that the central banks can limit the amount that can be held in any single wallet,” Herborg continues (emphasis added).

Herborg also noted that CBDCs can be programmed to dictate how people are allowed to use their own paychecks, including programming portions of the paycheck “solely for use by a company’s employees for the purchase of healthy food.”

In other words, CBDCs could be programmed to force you to only buy Bill Gates’ cricket meal protein while preventing you from buying beef, chicken, and eggs.

Joe Biden’s executive order confirms Herborg’s statements. The last line in Section 1 of the order states that the government intends to use CBDCs to address “human rights; financial inclusion and equity; and climate change and pollution.”

These open admissions reveal that CBDC proponents believe it is imperative that consumers be forced into government-dictated behaviors. Such a concept is diametrically opposed to individual responsibility and freedom.

Congress CAN stop Biden and the Federal Reserve’s CBDC plans in their tracks — but only if they act NOW, before Joe Biden and Kamala Harris can ram this Marxist money down our throats.

Congress MUST ACT NOW before it’s too late. Demand Congress pass this bill in order to protect Americans from the Marxist Money Plan.

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