The move away from physical money to digital money controlled by a government-run central bank opens massive gateways for government abuse and control over citizens by eliminating the privacy of physical cash and exercising control over how citizens acquire, use, or spend their hard-earned money.

“At its core, a CBDC is about further centralizing the supply of money in the government,” explains Norbert Michel, vice president and director of the Cato Institute's Center for Monetary and Financial Alternatives.

“It is about keeping up with technology only in the sense that governments are scared to death of losing control over the money supply to decentralized digital money,” Michel adds. “The problem, though, is that a CBDC centralizes the supply of money in a way autocratic governments have only dreamed about in the past.”

The IMF’s August 2024 report makes short mention of what we here at Liberty Counsel have been warning about — CBDCs rob citizens of their most basic privacies.

Buried deep in the body of the IMF report is this stark admission: “CBDC could be perceived as an instrument for state surveillance. Some may worry that the government or the central bank could use it to control or restrict payments users can make with CBDC, thereby undermining public trust in central bank money.”

But rather than diminish those concerns, the IMF report simply ignores them, and focuses on ways the CBDCs could increase a user’s privacy from private commercial data collectors.

Speaking at an IMF/World Bank annual meeting in 2022, the IMF’s Deputy Managing Director Bo Li told attendees that a “CBDC can allow government agencies and private sector players to program … targeted policy functions. By programming a CBDC, money can be precisely targeted for what people can own and what [people can do].

To be clear, Li was not issuing a warning. Rather, he was extolling government control of finances as a benefit.

The IMF is not a central bank per se. Instead, it’s more like the mother of all central banks. That’s because the IMF is an agency of the United Nations. As such, it advises the central banks of all U.N. member countries.

By the way, before becoming the United Nations’ IMF deputy director, Bo Li served as deputy director of the People’s Bank of China. Now this card- carrying member of the Chinese Communist Party is in charge of telling the central banks of U.N. members (like America’s Federal Reserve) what to do.

It should also be noted that two authors of the August reports are, like Bo Li, Chinese nationals now serving at the IMF.

It would appear that China is working very hard to dominate world finances. The increasing number of card-carrying Chinese Communist Party members at the IMF, along with that U.N. specialized agency’s push for the CCP’s favorite population surveillance and control measures, CBDCs should give everyone great pause.

But there remains a number of powerful people right here in the U.S. who continue to propose adopting CCP-type CBDCs in America. We cannot allow this to happen.

Please, fax Congress now and demand they VOTE YES on the CBDC Anti-Surveillance Act and S 887!

You can learn more about this crucially important subject from our new book, Marxist Money: Central Bank Digital Currencies and the Theft of Freedom.

Liberty Counsel is working hard to educate lawmakers about this incredibly important subject. Last week, we were able to deliver this book to 175 legislators from 35 states. But we need YOUR HELP to continue educating our elected officials.

Now, for a limited time, you can donate 50 dollars to this effort and receive your own copy of Marxist Money. You can donate more to help us get this book into the hands of every member of Congress and hundreds more state legislators.

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