In Karl Marx’s quest to fundamentally control populations, he demanded “centralization of credit in the hands of the State, by means of a national bank with State capital and an exclusive monopoly.”

Marx knew that to control the man, one must control the man’s finances. Now Biden and Harris are seeking to do just that by eliminating cash money and local bank accounts, replacing them with programmable “digital dollars,” issued by government central banks directly to consumers.

Called Central Bank Digital Currencies (CBDCs), these programmable digital dollars allow the government to know everything about your spending, savings, and more. The government will be able to coerce or veto your spending. A CBDC will even allow political “equity” agendas to skim value off the top of your dollar and shift it to another person.

“The potential expansion of the money supply, and the Fed gaining new powers by stepping into the commercial banking/government transferor/collection agency role, is most concerning if not completely terrifying,” says Robert Aro of economic think tank Mises Institute.

Once the government is your bank, not only can they spy on your every financial transaction without a warrant or due process, but then the government can also control your money and, thereby, your actions, any time they want. So-called “climate change” initiatives can be enforced with the touch of a button. “Woke” dictates like ESG (environmental, social, and governance initiatives) and wealth redistribution could also be easily enforced.

With the push of a button, bureaucrats could inflate certain individuals’ CBDCs, while deflating the value of other individuals’ funds — all in the name of equity, progressivism, and yes, even reparations. And because cash will have been eliminated, there will be no way around, or out of, the new tyrannical system.

In 2022, the Federal Reserve issued a report entitled “Money and Payments: The U.S. Dollar in the Age of Digital Information.” In it, the Fed argues, “A widely available CBDC would serve as a close — or, in the case of an interest-bearing CBDC, near-perfect — substitute for commercial bank money.”

Demand Congress STOP the Marxist CBDCs!

In other words, the government wants to become your bank, eliminating commercial bank “competition” and ending the use of cold, hard cash. 

According to economist Robert Murphy, “If average Americans hold bank accounts directly with the Fed, its control over their lives would be nearly absolute, particularly if cash is phased out.”

That kind of control could be expressed in a multitude of ways, depending on who holds power in the White House, Congress, or even the United Nations.

A CBDC gives the federal government the power to prevent you from spending and saving your own money as you choose.

Communist China already employs such financial surveillance and control. Now Joe Biden and Kamala Harris are trying to force the same Marxist tyranny on Americans.

Congress CAN stop Biden-Harris and the Federal Reserve’s CBDC plans in their tracks — but only if they act NOW, before Biden and 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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Mat Staver
Founder and Chairman
Liberty Counsel