India to Have a Pilot Program of Central Bank Digital Currency (CBDC

 

By the end of this month, India hopes to have 1 million users in its pilot program of a government-run digital currency, known as a Central Bank Digital Currency (CBDC).  In addition, the European Union Central Bank president has admitted what we’ve known all along — that CBDCs are created to control us. Joe Biden wants to unleash this authoritarian dictate over our money on every person in the coming months.  A Central Bank Digital Currency is the ultimate form of control. Three bills in the House and Senate stand in his way.  We MUST make sure these bills pass or Biden will take Orwellian control of your finances, which will effectively be a line-item veto on your spending. Please, take a moment to FAX CONGRESS NOW.  Tell Congress to VOTE YES on HR 1122, HR 3712, and S 887 to protect Americans from Biden’s CCP-like FedCoin!  Then read on for the details of this shocking plan to control Americans. — Mat

Friend,

Joe Biden wants to know exactly what you are spending your money on, and then he wants to control how you spend it.

In 2021, Joe Biden unilaterally decided that the U.S. government should be allowed to spy on any bank account that transacts more than 600 dollars in any given year. 

Thankfully, a massive outcry from citizens and Congress put a temporary stop to these totalitarian plans.

But Biden’s globalist masters have developed a new way to control your finances. 

Biden’s Fed-issued Central Bank Digital Currency (CBDC) puts the government right back in your bank account, able to spy on every single transaction you make, no matter how small. 

And even worse, the CBDC allows the government to control your spending, permitting or prohibiting certain purchases. 

Think of it like food stamps that allow or forbid certain purchases. 

The CBDC can do the same thing — only for every single penny of the money you earned.

Central Bank Digital Currencies (CBDC) are designed for one singular purpose — ultimate control over law-abiding citizens’ purchases, actions, and movements. 

Protect YOUR financial privacy! Tell Congress to VOTE YES on HR 1122, HR 3712, and S 887!

European Central Bank President Christine Lagarde accidentally admitted as much in a recorded phone call.

In a call recorded by pranksters pretending to be Ukrainian President Volodymyr Zelensky, Lagarde admitted that the EU’s CBDC would monitor and control purchases and payments as low as 300 euros. 

In fact, Lagarde admitted the central government bank’s failure to monitor even small transactions would be “dangerous” to her agenda.

“We are considering whether for very small amounts, anything that is around €300 [or] €400, we could have a mechanism where there is zero control, but that could be dangerous,” Lagarde said on the call.

In May of this year, the European Union declared that cash payments of 7,000 euros are illegal. And in France and Italy, cash payments over 1,000 euros are prohibited.

“If governments and central banks control the creation, distribution, and exchange of virtual money, whatever remains of free markets will disappear,” says Gatestone Institute writer J.B. Shurk.

Shurk notes that CBDCs allow the government to control the creation, distribution, and exchange of all currency, which is the death knell of free markets and private property rights.

Join me now in demanding Congress VOTE YES on HR 1122, HR 3712, and S 887! to Stop Central Bank Digital Currencies.

“If governments and central banks maintain a digital monopoly over the only legalized forms of money, then they may redistribute wealth or penalize personal behavior without regard for individual rights or limits to their control,” Shurk says.

These CBDC practices are already well underway in China, which uses its digital yuan CBDC to control its citizens’ every move. The Chinese government regularly cuts off the funds of people who dare complain about the communist state’s failures, while rewarding well-behaved party members.

Imagine if the federal government could monitor and control your money. Using the CBDC, the government could:

• Block or limit purchases.

• Block contributions to certain nonprofit organizations.

• Incentivize certain purchases.

• Place a time limit on your purchases.

• And much more.

We can expect Biden’s Fed to try to goad us into their new central banking scheme by declaring it to be an “equity” and race issue, as well as fostering “climate change.” But in reality, the only goal is to spy on your every move and to exert control over YOUR finances.

We MUST stop this Orwellian takeover of our finances! Right now, Congress is considering three bills to protect our privacy from Joe Biden’s IRS. Please take a moment right now to fax Congress and demand they VOTE YES on HR 1122, HR 3712, and S 887!

Please also consider helping fund our crucial policy work. These attacks are coming fast and furious, and we are standing in the gap daily on Capitol Hill. We are there to represent you and our shared values. As you know, Liberty Counsel Action relies 100% on the support and donations of our clients.

Few could afford to defend their rights against a government gone mad. Instead, they rely on YOU and me to have a voice of common sense on Capitol Hill. Every donation made today will be DOUBLED IN IMPACT by a special Challenge Grant. Please give generously today.

Mat Staver, Chairman
Liberty Counsel Action

P.S. Make a recurring monthly donation and DOUBLE YOUR GIFT! Then Fax Congress to protect Americans from the Central Bank Digital Currency. Please also sign our petition.

Sources:

Antoni, E. J. “The Scary Fed Idea to Turn Your Dollars into a Digital Power Grab.” The Heritage Foundation, March 3, 2023. Heritage.org/markets-and-finance/commentary/the-scary-fed-idea-turn-your-dollars-digital-power-grab.

“ECB’s Lagarde Gets Pranked, Reveals Digital Euro Will Have ‘Limited’ Control.” Yahoo Finance, April 7, 2023. Finance.yahoo.com/news/ecb-lagarde-gets-pranked-reveals-135218145.html.

“Emmer Leads Effort to Squash Financial Surveillance State Initiatives.” Congressman Tom Emmer, February 23, 2023. Emmer.house.gov/press-releases?ContentRecord_id=E2966313-1C6F-45CA-BF15-26A9CDE9338E.

Kolinovsky, Sarah, and Trish Turner. “Biden Admin Backs down on Tracking Bank Accounts with over $600 Annual Transactions.” ABC News, October 19, 2021. Abcnews.go.com/Politics/biden-admin-backs-tracking-bank-accounts-600-annual/story?id=80665505/.

‌‌“Sen. Cruz Introduces Legislation to Prohibit the Fed from Establishing a Central Bank Digital Currency.” U.S. Senator Ted Cruz of Texas, March 21, 2023. Cruz.senate.gov/newsroom/press-releases/sen-cruz-introduces-legislation-to-prohibit-the-fed-from-establishing-a-central-bank-digital-currency.

Shurk, J. B. “Central Bank Digital Currencies: Funny Money That Will Destroy What Is Left of Private Property, Free Markets, and Personal Liberty.” Gatestone Institute, April 12, 2023. Gatestoneinstitute.org/19553/central-bank-digital-currencies.

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