|
Friend,
The IMF’s former chief of Financial Studies, Eswar Prasad, has tipped the hand of the globalists seeking a cashless society.
In a 2021 interview, Prasad — who supports CBDCs — gave a chilling look at how our government could use our own personal money against us.
“One should recognize that the CBDC creates new opportunity for monetary policy.
If we all had CBDC accounts instead of cash, in principle it might be possible to implement negative interest rates simply by shrinking balances in CBDC accounts,” Prasad says.
“In other words,” says CATO Institute’s Norbert Michel, “central banks will take money out of people’s accounts to conduct monetary policy.”
Don’t let Joe Biden take control of YOUR bank account! Tell Congress to VOTE YES on HR 1122 & S 887!
Given Prasad’s pro-government control perspective, perhaps it is no surprise to learn that Prasad also previously served as the head of the IMF’s China division.
As you may recall from my previous emails, the Chinese Communist Party (CCP) already uses digital dollars and CBDCs to control people.
Natalie Smolenski, senior advisor at the Bitcoin Policy Institute and executive director of the Texas Bitcoin Foundation, explains it a different way.
“The objective of imposing negative interest rates,” says Smolenski, is to “prevent recessions by stimulating near-term consumer spending,” which is “achieved at the cost of accelerating the destruction of private wealth” (emphasis added).
Monetary scholars agree that CBDCs increase the level of government interference into YOUR finances, including dictating how much cash you are allowed to possess.
The Bahamas, which already launched its CBDC, has instituted such cash limits on its own citizens.
“At its core, this brave new world of monetary policy equates to the government saying that your money isn’t really your money,” Michel says.
Your property rights are subservient to the ‘public good’ and the supposed necessity of ‘managing the national economy.’ ...
The truth is CBDCs are government’s attempt to protect its privileged position and exert more control over people’s money.”
Smolenski cautions, “A CBDC could be programmed to only be spendable at certain retailers or service providers, at certain times, by certain people.
The government could maintain lists of ‘preferred providers’ to encourage spending with certain companies over others and ‘discouraged providers’ to punish spending with others.”
No Communist China monetary systems here in America!
It's not hard to imagine the Biden administration preventing payments to organizations like ours, which are falsely labeled.
During the COVID lockdowns, radical governors like California’s Gavin Newsome and Maine’s Janet Mills (both of whom we sued) could have blocked donations to churches that refused to follow their unlawful and unconstitutional shutdown orders.
The Canadian prime minister cracked down on the truckers and those who financially supported them.
Joe Biden’s CBDCs would effectively become like food stamps, where the government controls how much you are allowed to have in your account and what you are allowed to spend it on — and if you don’t spend it in time, the government can take that money back.
Our government already performs these actions in welfare programs.
Why would we imagine the government will not do the same to the rest of the population?
The COVID lockdowns already proved that control-minded governments and government institutions WILL take all the power we give them and use it against us.
We cannot give Joe Biden or any administration the power over our personal money. We must stop Joe Biden’s CBDC plan.
In legal news … The U.S. Supreme Court will begin releasing opinions this week. I will update you on relevant cases as I am able. In the meantime, Liberty Counsel continues to defend life, religious freedom, and the natural family in courtrooms across America. Please, help us defend family, faith, and freedom. Sign up for a recurring monthly donation!
Every donation made today will be DOUBLED IN IMPACT by a generous Challenge Grant supporting our legal fund!
Mat Staver
Founder and Chairman
Liberty Counsel
|
Sources:
“Eswar S. Prasad.” Prasad.dyson.cornell.edu. Accessed June 26, 2023. Prasad.dyson.cornell.edu/.
Michel, Norbert, “Central Bank Digital Currencies and Freedom Are Incompatible”, CATO Institute, July 18, 2022. Cato.org/commentary/central-bank-digital-currencies-freedom-are-incompatible.
Smolenski, Natalie, and Dan Held. “The Dangerous Implications of Central Bank Digital Currencies.” Bitcoin Magazine, October 3, 2022. Bitcoinmagazine.com/legal/the-dangerous-implications-of-cbdcs.
Smolenski, Natalie, and Dan Held. “Why the U.S. should reject central bank digital currencies (CBDCs).” The Bitcoin Policy Institute. Accessed June 26, 2023. Uploads-ssl.webflow.com/627aa615676bdd562bec97cd/63323917980abe78bbe18b52
_BPI%20CBDC%20Paper%20.pdf.
Liberty Counsel is a 501(c)(3), tax-exempt nonprofit organization. Contributions are tax deductible to the extent permitted by law.
Click here to view this message online.
+ + + + + + + + + + + + + + + + + + + + +
©1995-present, Liberty Counsel, with offices in Florida, Virginia and Washington, D.C., is a nonprofit litigation, education, and policy organization dedicated to advancing religious freedom, the sanctity of human life, and the family. Privacy Policy.
Liberty Counsel
PO Box 540774
Orlando, FL 32854
407-875-1776
No comments:
Post a Comment