Economists Sound Alarm on CBDC Risks

Congress poised to vote on CBDC ban

Economists are sounding the alarm on the Marxist-inspired globalist plan to replace cash with a programmable digital dollar known as a Central Bank Digital Currency (CBDC). According to a report by two of the world’s top economists, “CBDCs pose a substantial threat to financial privacy, financial freedom, and the very foundation of the banking system.

The House passed HR 1919, and now the Senate is poised to vote on S 1124, the Anti-CBDC Surveillance State Act. Our financial privacy and freedom will ONLY be safe from globalist control if the Senate passes this act NOW to permanently ban CBDCs!

PROTECT YOUR MONEY by Faxing the Senate NOW and receive a free copy of our latest book, Marxist Money: Central Bank Currencies and the Theft of Freedom.

CBDCs come with “risks that cannot be ignored,” according to a report by two highly acclaimed economists, Nicholas Anthony and Norbert Michel, who warn that “a CBDC would provide countless opportunities for the government to control citizens’ financial transactions.”

In March 2022, Joe Biden issued Executive Order 14067, in which the Biden administration ordered the Federal Reserve (the Fed) to develop a replacement for paper and coin currency with a digital programmable dollar known as a “Central Bank Digital Currency” or CBDC. 

The very first section of Biden’s executive order says this new currency will be used for, among other things, “human rights; financial inclusion and equity; and energy demand and climate change.”

Upon taking office this term, President Trump issued his own executive order banning CBDCs — but that order will ONLY last as long as Trump is in office.

Congress MUST vote to PERMANENTLY ban CBDCs NOW while Republicans still hold power in Congress.

Don’t let globalist tyrants dictate how YOU spend your money.

Biden’s order tells us exactly how the financial tyrants intend to use CBDCs against you. They want government control of your finances to force YOU to comply with DEI, green energy delusions, and LGBTQ mandates, among other things.

“The programming capabilities of a CBDC could mean that people would be prohibited from buying certain goods or limited in how much they might purchase,” Anthony and Norbert say.

“The possibilities for the programmability of a CBDC are nearly endless,” according to the report. “And in all of them, even the best of intentions are just a few steps away from leading to serious abuses of power."

“A CBDC would provide countless opportunities for the government to control citizens’ financial transactions,” the economists say. “Such control could be preemptive (prohibiting and limiting purchases), behavioral (spurring and curbing purchases), or punitive (freezing and seizing funds).”

If globalists get the CBCD digital currency they want, with the touch of a button, your finances can be frozen for political opposition. Your mortgage could be denied for not having a high social credit via compliance with LGBTQ initiatives, and your heating and fuel purchases could be halted for not complying with “climate change” objectives.

Anthony and Michel give a chilling example of potential future tyrannies utilizing the Biden administration’s already tyrannical actions during the COVID years. “In the case of the government-mandated lockdowns during the COVID-19 pandemic, a CBDC could have been programmed to only exchange with ‘essential’ businesses or alert the authorities when citizens incurred travel expenses.”

“The development of a digital currency should worry Americans everywhere,” says Justin Haskins, director of the Socialism Research Center at The Heartland Institute. “Once a digital currency is in place, government and/or Federal Reserve officials would have more power than ever to control, track and coerce individuals and U.S. businesses—likely without needing new laws approved by Congress.”

“Once the transition to a digital dollar is complete,” says Haskins, “you wouldn't be able to go to the bank or an ATM and get physical cash out of an account that contains your digital currency.”

Instead, your only means to pay for goods or services will be via the government’s card or app, and you will be completely subject to its whims.

Americans have already experienced Biden and his “progressive” friends’ tyranny firsthand, thanks to COVID lockdowns and the planned destruction of the U.S. economy.

While President Trump has done much to undo the damage Team Biden did, those changes will only last as long as Trump’s presidency. We MUST ACT NOW to prevent them from taking the next step in financially enslaving Americans to bizarre progressive policies.

YOU can help stop this push toward serfdom by faxing the Senate NOW and you will receive a free copy of our latest book, Marxist Money: Central Bank Currencies and the Theft of Freedom.

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Mat Staver

Founder and Chairman