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Friend,
The Chinese Communist Party (CCP) didn’t eliminate cash right away when it released its Central Bank Digital Currency.
Experts widely agree that the impetus for China’s push to a CBDC was to ensure greater “control” over its people.
For years, Chinese State Operated Enterprises (CCP-owned and -controlled businesses) used apps and online technology to collect user data.
Now that data is augmented by the troves of information the CCP can glean from its citizens’ spending habits via the Chinese CBDC.
It is then used to control the populace.
If implemented here, Joe Biden will have the same control over YOUR finances as the CCP does in China.
Two bills pending in the U.S. House and Senate are designed to protect Americans from this level of control.
Don’t let Joe Biden take CCP-like control of YOUR finances. Fax Congress now to pass HR 1122 and S 887!
Emily Jin of the Center for a New American Security says, “Chinese policymakers are trying to not just create a technical infrastructure, but an institutional environment that makes this kind of currency that has social control implications more acceptable in the long run.”
The CCP went to great lengths to incentivize citizens to adopt the CBDC, including depositing “free digital money” into citizen accounts and giving away digital money for CCP-approved behavior, like “performing heroic deeds” or praising communism online.
CCP-owned banks offered “free” CDBC money to be deposited in the accounts of newlyweds who chose to marry at official offices.
As the number of people who used the CBDC grew, so did CCP control over the users.
Yaya J. Fanusie, also with the Center for New American Security, notes that the CCP has now developed applications that determine and enforce the CCP’s will on citizen budgets, including earmarking funds for health care or travel.
If the citizen runs out of those funds, that person will be barred from receiving medical treatment or transportation even if the individual has other, non-earmarked funds available.
But it’s even worse than that, according to Jin, who says the project has political motivations.
If the CCP doesn’t like what you’ve been buying, it will simply limit the citizen's ability to spend money or completely erase the citizen’s life savings.
If a Chinese citizen obeys and publicly praises the CCP, the citizen is given extra money, low interest rates, and the freedom to spend largely as they wish.
But if those citizens dare question CCP policies — or worse yet, if they are known to be Christians — they receive heavy restrictions on their ability to use their own money. For example, Christians are listed as belonging to a “cult,” according to the CCP.
As a result, those Chinese Christians are denied loans and consumer credit, are barred from paying for private school tuition, and are only allowed to use their own hard-earned money to buy things the CCP approves.
And if those Christians spread the gospel online or are known to question the CCP, their funds are simply erased, impoverishing the individual and their family as punishment. All it takes is the push of a single button to erase the financial freedom of dissenters.
Joe Biden, apparently, thinks CCP financial control over its citizens is a great idea, and he’s trying to eliminate cash to force a U.S. CBDC — along with all its dystopian controls — on every American.
Joe Biden already used your tax dollars to pay media companies to silence and censor Christians and others during the COVID shutdowns. Some pastors were arrested and threatened, and churches were fined for daring to open.
One city threatened to cut power and water to a church, and another threatened to seize and destroy church properties unless the church gave up its First Amendment right to worship.
All of this happened just within the last three years.
Can you imagine what godless politicos and elected officials would do if they could control the church coffers and your personal accounts electronically?
Thank God, some in Congress are waking up to the schemes Joe Biden and his CCP pals have planned.
HR 1122 and S 887 seek to prevent Biden from using an Americanized CBDC to monitor and control us.
We need YOUR HELP to RALLY REPUBLICANS to PASS THESE BILLS! Demand Congress pass HR 1122 & S 887!
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Mat Staver
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Liberty Counsel
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Sources:
Conrad, Jennifer. “China’s Digital Yuan Works Just like Cash—with Added Surveillance.” Wired, November 8, 2022. Wired.com/story/chinas-digital-yuan-ecny-works-just-like-cash-surveillance/.
Canales, Katie, and Aaron Mok. “China's 'Social Credit' System Ranks Citizens and Punishes Them with Throttled Internet Speeds and Flight Bans If the Communist Party Deems Them Untrustworthy.” Business Insider, November 28, 2022. Businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4.
Donnelly, Drew. “China Social Credit System [Punishments & Rewards] in 2021.” Horizons, April 6, 2023. Nhglobalpartners.com/china-social-credit-system-explained/.
Jackson, Reuben. “CBDCs: The Good, the Bad, and the Ugly.” Crunchbase News, August 3, 2021. News.crunchbase.com/fintech-ecommerce/cbdcs-the-good-the-bad-and-the-ugly/.
Sung, Michael, and Christopher A. Thomas. “The Innovator’s Dilemma and U.S. Adoption of a Digital Dollar.” TechStream. Brookings, March 24, 2022. Brookings.edu/techstream/the-innovators-dilemma-and-u-s-adoption-of-a-digital-dollar/.
Liberty Counsel is a 501(c)(3), tax-exempt nonprofit organization. Contributions are tax deductible to the extent permitted by law.
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