Central Bank Digital Currencies are designed to eliminate cold hard cash and replace it with programmable digital dollars designed to control you by controlling your money.

A CBDC is the digital form of a country’s fiat currency that is also a claim on the central bank. Instead of printing money, the central bank skips retail banks, creating individual accounts at the central bank that are designed to hold and control digital, programmable currencies that the central bank has designed and controls.

CBDCs are markedly different than cryptocurrencies, of which there are already thousands of types on the market. In contrast to Central Bank Digital Currencies, cryptocurrencies are controlled by the individuals who own them. Bitcoin is the most well-known fully decentralized cryptocurrency.

CBDC proponents claim these digital programmable dollars are necessary to: (1) promote financial inclusion by providing easy and safer access to money for unbanked and underbanked populations, (2) introduce competition and resilience in the domestic payments market, which might need incentives to provide cheaper and better access to money, (3) increase efficiency in payments and lowering transaction costs, (4) create programmable money and improving transparency in money flows, and (5) provide for the seamless and easy flow of monetary and fiscal policy.

But cryptocurrencies like Bitcoin are already available worldwide, and address each and every one of the issues above. And because these cryptocurrencies are decentralized (meaning no government can manipulate their value) and permissionless (meaning no government permission is needed to use them), cryptocurrencies like Bitcoin are truly a free-market currency run by the people, for the people.

So why are governments and global central banks pushing CBDCs? The answer is — CONTROL.

Because CBDCs are both permission based and central bank run, they give the government (and their global central bankers alliances) the ability to control the money supply with the press of a button, inflating or deflating the value of those digital “dollars” at a whim.

CBDCs also make the government your direct bank and in charge of your money, including whether, and how, you are allowed to use those funds.

Example: China

In China, the Chinese Communist Party (CCP) uses CBDCs to control their citizens every move.

If a Chinese citizen obeys and publicly praises the CCP, the citizen is given extra money, low interest rates, and the freedom to spend.

But if those citizens dare question CCP policies — or worse yet, if they are known to be Christians (which the CCP considers “cult” members) — they are denied loans and consumer credit, barred from paying for private school tuition, and only allowed to use their own hard-earned money to buy things the CCP approves.

STOP the Biden Harris plan to adopt Marxist Money in its tracks. Demand Congress VOTE YES on the CBDC Anti-Surveillance State Act.

And if Christians who spread the gospel or are known to question the CCP, their funds are simply erased, impoverishing the individual and their family as punishment.

CCP even dictates how Chinese citizens are allowed to use their own hard-earned money.

If the CCP feels a person has used too much gasoline, their card will no longer work at the gas pumps, even if the person has plenty of money.

If the CCP feels a person has used enough health care resources for the month, the year, or the user’s lifetime, the CCP will prevent the person from paying for doctor visits, prescriptions, and services — effectively eliminating their health care, regardless of how much “money” that person has.

On March 9, 2022, the Biden-Harris regime issued Executive Order 14067, “Ensuring Responsible Development of Digital Assets,” directing the Federal Reserve to begin “investigating” Central Bank Digital Currency. The Federal Reserve went one step further and began creating and coding this new currency.

Now it’s up to Congress to STOP them. Biden and Harris have made clear they intend to ram every one of the delirious policies down America’s throat before they leave office. Congress must act now by passing the CBDC Anti-Surveillance State Act to prevent this administration from finalizing its plan to control Americans by controlling their money.

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