Advancing Life and Liberty Through Action

Breaking Developments With CBDC

Jul 4, 2024

Tech experts just had a breakthrough after three years of working on a cross-border Central Bank Digital Currency (CBDC) effort called “mBridge.” This is the work of China, Hong Kong, Thailand, the United Arab Emirates, and recently Saudi Arabia.

This team created an “mBridge ledger, or mBL.” This allows “instant peer-to-peer and atomic cross-border payments and FX transactions using wholesale CBDCs.” I’ll unpack what this means below and how devastating it would be if we allowed China and Saudi Arabia to control the world’s money.

Remember the last rounds of lockdowns in China? As they sought “zero” COVID, communist dictators literally padlocked people inside their high-rise apartments where they were screaming and banging on pots and pans because they were starving to death. What was supposed to be a one-week lockdown turned into 3-6 weeks. Meanwhile food rotted on semi-trucks that were turned away from these starving communities.

Some people, out of complete hopelessness, jumped to their deaths. Others were begging the police to arrest them in hopes of getting a meal in jail, but the police only locked them back inside their own empty houses.

What is deeply concerning is that even if someone were able to sneak past a physical lockdown to get to a store for food, this government-run, programmable currency could be programmed to stop payment. This takes the enforcement of tracing and tracking to a whole new level!

We must NEVER become a cashless society beholden to a federally run bank. A financial prison is much more secure than any physical jail.

Two bills in Congress will stop Biden’s digital takeover. Contact Congress and urge them to pass S 887. — Mat

Joe Biden issued an executive order demanding that “We must take strong steps … combating and preventing crime and illicit finance; … [supporting] financial inclusion and equity; and climate change and pollution.” (emphasis added)

This is clear evidence that the federal government will use Central Bank Digital Currency as a weapon to do the following:

  1. Impose financial inclusion by giving digital currency to some     classes of people and not others.

  2. Impose equity by assigning a higher value to currency held by some     classes of people while reducing the value of currency for another class.

  3. Advance a “climate change” agenda by restricting spending on     certain items, such as gas-powered vehicles, the amount of gas one     may purchase, and so on.

  4. Use “pollution” to control your money and spending.

We know that “preventing crime” is not a top priority for the Biden extended family. Instead, gun control is one of Biden’s top agenda items. Using a CBDC, the Biden administration could stop you from purchasing a gun or ammo.

Remember how Visa, Mastercard, Discover, and American Express planned a product code for anyone purchasing guns and related supplies? This could easily be accomplished through a CBDC. This would allow the feds to block all such purchases with the click of a button. A CBDC gives the federal government absolute veto power of your money — and, thus, over your very existence.

A government-controlled digital money system will put our government in control of every aspect of your life. We cannot let that happen.

These attacks on freedom are coming thicker and faster.

Another concerning aspect of Biden’s executive order is that it states: “Digital assets may also be used as a tool to circumvent United States and foreign financial sanctions regimes and other tools and authorities.”

This means that Biden’s administration is already looking to digital, federal, programmable currency as a solution to censor free speech, dissent, peaceful protests, and any efforts to remind the federal government of its place to protect freedom and serve fellow Americans.

What Canada did to the truckers is a frightening example of what can happen here in America. The bank accounts of truckers and those who gave them financial contributions were shut down. If the federal government had CBDCs, your contributions could be stopped, and your attendance at a rally or even a church during the unconstitutional COVID lockdowns could be halted by freezing your accounts.

During COVID, we saw businesses refuse to take cash, and even though that was illegal, thousands of businesses did it. Once ANY government-controlled, programmable, digital currency is in place, with the dictates of a tyrant, all other money and all other payments can be outlawed.

Two bills pending in Congress will provide the safeguards we desperately need. Ask Congress to VOTE YES on S 887!

This is not just Biden or China. This is part of the global effort of many different powerful groups.

The World Economic Forum (WEF) likes digital programmable currency so it can shape “the future.” The WEF says this platform “accelerates reform.” It wants to push the world to a socialist model by 2030 where the government owns everything and you own nothing.

The WEF then claims that one of the biggest problems is “uneven” global growth. The WEF is working to inform “dynamic, inclusive and sustainable trade” (emphasis added). To do this, the government can, with another click of a button, take your money away and give everyone the same amount of assets.

The WEF wants a “new agenda that can move faster,” said Richard Samans, who was its managing director.

Not to be left behind, the World Trade Organization states that it is looking into a “rapid adoption” of digital currency so it can promote an “inclusive future,” which is code for communistic redistribution.

These globalist radicals want to control you — by using your money.

We are on the cusp of a dangerous push for financial control over every single person in America. Tell Congress to VOTE YES on S 887 to protect Americans from Biden’s money grab!

WE WILL NOT REST. WE CANNOT GIVE OUR CORRUPT GOVERNMENT THIS LEVEL OF POWER AND CONTROL. But I need your help. Join us by supporting Liberty Counsel Action with a monthly donation or a one-time gift. DOUBLE the impact of your gift.


Mat Staver, Chairman
John Stemberger, President
Liberty Counsel Action


P.S. Join our Challenge Grant to DOUBLE the impact of your donations!

Send a fax to key leaders to demand protection against government control of your personal finances down to your last penny. And sign our petition.



Sources:

Roy, Avik. “There’s No Such Thing as an ‘American-Style’ Central Bank Digital Currency.” Forbes, April 12, 2023. Forbes.com/sites/theapothecary/2023/04/12/theres-no-such-thing-as-an-american-style-central-bank-digital-currency/.

Smeets, Maarten, ed. “Adapting to the Digital Trade Era: Challenges and Opportunities.” WTO. Accessed July 1, 2024. Wto.org/english/res_e/publications_e/adtera_e.htm.

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