Economist and professor Dr. Paul F. Cwick explains that the biggest danger with CBDCs is their “programmable” nature. Governments could program CBDCs to restrict and control spending on both the micro and macro level.

Dr. Cwick gives two examples to outline the danger. On the micro level, if government data shows a person’s body mass index is too high, the government could program that person’s CBDCs to PREVENT buying an apple pie. Suddenly that person is only allowed to buy salads, vegetables, or fruit. That is certainly healthier, but should the government have the final word?

On the macro level, if a city’s air pollution levels are too high on any specific day, the government could program the CBDCs to prevent ANYONE from buying gas or using “fossil fuel” driven transportation.

CBDCs could also be used to prevent the appearance of supply shortages. Dr. Cwick referenced the great toilet paper crisis during COVID. Had a CBDC been in place at the time, the Biden-Harris administration could simply program the entire country’s CBDC’s to prevent people from buying more toilet paper than the government felt they should have, if any at all.

CBDC proponents in Congress seem to be taking their cues from globalist agencies including the United Nations (U.N.) and its various subsidiaries.

Don’t let the U.N.’s IMF Director put YOU under financial surveillance!

Speaking at the IMF/World Bank annual meeting in 2022, International Monetary Fund 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].”

The International Monetary Fund (IMF) is an agency of the United Nations. As such, this U.N. agency advises the central banks of all U.N. member countries — including America’s Federal Reserve.

Before becoming the United Nations’ IMF Deputy Managing Director, Bo Li served as the Deputy Governor of the Chinese Communist Party’s People’s Bank of China.

In other words, Mr. Li has a lot of experience using the force of a tyrannical government to control other peoples’ money. Now he’s in charge of telling United Nations member country banks what to do.

Many in Congress continue to push for a CBDC, claiming that the U.S. must implement these financial surveillance and control measures in order to “keep up” with the rest of the world.

But what good is keeping up with the Joneses, if the Joneses are implementing Communist tyranny?

Congress needs to hear from YOU on this matter. Tell them to STOP the Federal Reserve’s CBDC plans NOW before our financial privacy and freedom are lost. Because once a freedom is lost, it is often nearly impossible to fully regain.

Tell Congress: NO CBDCs! Not Now, Not EVER!

You can learn more about this crucially important subject in 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. We recently delivered this book to 175 legislators from 35 states. But we need YOUR HELP to continue educating our elected officials.

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