Protect Your Wallet from Washington

One of the hottest topics right now on Capitol Hill is the bill on “Central Bank Digital Currency” or CBDC. The Anti-CBDC Surveillance State Act would prohibit the Fed from replicating the financial control the Chinese Communist Party (CCP) holds over its people.

There are two types of digital currency: one that is private outside of government and one controlled by government through a central bank. The former offers privacy; the latter provides total government control. The GENIUS Act that President Trump just signed involves private digital currency. President Trump is opposed to a Central Bank Digital Currency, and thus now is the time to permanently end the CBDC.

A CBDC, like the wolf once said, is — “All the better to control you, my dear.”

The House just passed a bill to ban CBDC (HR 1919), but now the Senate must pass the companion bill, S 1124.

Join me now in demanding Congress support the language of HR 1919 and S 1124 as a stand-alone bill or as part of the National Defense Authorization Act (NDAA) budget bill.

According to the Brookings Institution, cryptocurrencies are “a form of payment that can circulate without the need for a central monetary authority such as a government or bank.” These technologies “enable people to buy, sell or trade” in total privacy with no government intermediary to snoop, stop, or control the transaction.

CBDCs use much of the same technology as cryptocurrencies, with one significant difference — CBDCs insert a government or central bank in the middle of every financial transaction, which allows the go-between full access and control over every transaction, no matter how small.

STOP the globalists’ “funny money” from controlling YOUR life. Tell Congress to support HR 1919 and S 1124!

As more people use cryptocurrencies, central bankers are rushing to create CBDCs with the federal government in control of your money.

According to blockchain security specialist Reuben Jackson, “Financial regulators are already worried about losing control over the money supply given the rising adoption of Bitcoin and other cryptocurrencies” (emphasis added).

In other words, governments and central banks are exasperated by the financial privacy provided by cryptocurrencies.

“The ugly aspect of CBDCs is that they centralize money even more and preserve the oligopoly power of financial institutions,” Jackson says. “Unlike cryptocurrencies that aim to democratize and decentralize finance, CBDCs grant near-complete control to central banks.”

The danger of CBDCs is the government’s ability to politicize money, according to Jackson.

“Central banks can conceivably use their new digital toolkits to monitor, record, analyze and tax every transaction,” says Jackson, who added that CBDCs “would also enhance control over an ordinary citizen’s level of access to a financial system, especially if a citizen is engaging in behavior that central banks may deem threatening, for whatever reason.”

In other words, if the government doesn’t like your political or religious stance, it can simply eliminate your access to money.

Jackson’s concerns are not theoretical fearmongering, as the Chinese Communist Party (CCP) provides a perfect case study on how governments can use money to transform citizens into helpless serfs.

In 2018 alone, 23 million Chinese citizens were prevented from using their own money to purchase plane and bus tickets because the CCP had determined they were guilty of “poor social credit” and “behavior crimes,” i.e., they were political prisoners.

This is why we need to pass this bill immediately.

The CCP lowers social credit scores, and limits citizens’ ability to spend their own money if they are bad drivers, buy too many video games, or share news articles the CCP has determined to be “fake news.”

Remember the extreme censorship we experienced during COVID, when our own government censored fact-based science that contradicted disgraced Dr. Anthony Fauci’s company line?

But in China, if one shared the so-called “fake news,” the CCP froze funds, leaving people unable to pay bills or even buy food.

This is exactly the kind of totalitarian nightmare that HR 1919 and S 1124 are designed to prevent. We cannot allow radicals to turn America into Communist China! Please FAX CONGRESS NOW!

Please, help fund our crucial legal work. As you know, Liberty Counsel Action relies 100% on the donations of people all across America to monitor and alert you to key battles happening right now. And if the CBDC becomes a reality in America, we will have mountains of more work to protect American liberty!

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