You likely already know about the profound personal impact a fully digital economy would have on you and your family.
It’s an economic prison. The government will be the master over what you buy or subscribe to, where and when you travel, and ultimately all you say and do.
That’s the threat the Central Bank Digital Currency (CBDC) presents to you and me.
Most of the big banks have already built the infrastructure for a digital economy, one in which your entire financial history is monitored.
But when the CBDC – essentially government “oversight” of your money – is implemented, Big Brother will monitor and control everything you buy.
A recent working paper by the International Monetary Fund suggests cash might simply disappear from our society entirely when – and if – the CBDC becomes mainstream.
So even if you wouldn’t choose to switch, society would effectively coerce you to.
According to the IMF:
“The introduction of a DC [Digital Currency] in a diverse payment ecosystem—comprising cash, traditional payment cards, and modern electronic money—where the use of physical cash has already declined significantly, could lead to the complete disappearance of cash, even if such an outcome were not an intentional policy objective.”
That’s why Congress needs to ban the CBDC now. Not years from now – immediately.
The CBDC is a programmable digital currency. It cannot operate without pegging every user to a digital identity, meaning every one of your purchases is automatically, invariably tracked.
And your banking transactions can be controlled remotely, so taxes and fines could automatically be taken out of your accounts, or restrictions could be placed on what you could buy, where you could buy it, and when.
In fact, last year the IMF published a brief acknowledging CBDCs could be used for state surveillance. They also pose risks to your privacy and cybersecurity.
But while the threat of the CBDC looms larger as the banksters at the Fed quietly lay the groundwork for its implementation, Congress is sitting on its hands.
You see, the Fed technically can’t implement a CBDC without congressional approval. But as you and I know all too well, Congress has ceded much of it’s power over the years. And it wasn’t too long ago when Joe Biden was in the White House and his administration gave the green light on investigating the implementation of a CBDC.
So until Congress slams on the brakes, the reality of a CBDC is real.
And yet House Speaker Mike Johnson (R-LA) still hasn’t scheduled the CBDC Anti-Surveillance State Act – which would BAN the CBDC – for a vote.
H.R.1919 – the Anti-CBDC Surveillance State Act – was put on the House Union Calendar two weeks ago.
Send Mike Johnson an e-postcard right now: put H.R.1919 up for a vote NOW.
With 135 cosponsors, there’s plenty of Republican support. But Congress still isn’t acting – and they won’t unless you and I push them to.
Fed Chairman Jerome Powell has come right out and said: the Central Bank Digital Currency would be “identity verified” and “not anonymous.”
Imagine the government knowing what you buy and being able to punish you for it.
“Your carbon footprint is too big! You’re not using enough GREEN energy! No new truck for you!”
“Don’t you already own two guns? Isn’t that enough?”
“Why are you giving your money to a church that pushed back at forced vaccinations?”
Do you think Republicans will be in power forever and can keep the Swamp at bay?
The fact is, the moment the big-government statists get their power back, they’re coming at you and me with a vengeance.
Imagine what your “social credit score” would look like. Maybe you would be under suspicion for not taking a vaccine, having too many firearms, growing your own food, or giving money to a disfavored church or charity.
Imagine the government being able to punish you based on the causes and campaigns you support.
And then shutting down your bank account!
Campaign for Liberty uses your support not only to rally more patriots, but to mobilize and pressure key members of Congress, not just in Washington but in their home districts.
This targeted strategy enables us to have far greater impact than your typical Washington “think tank.” We don’t just deliver petitions – we bring pressure and political pain.
It’s a tactic that has worked to tremendous effect over the years.
But there is strength in numbers, and we can’t do it without your support.
For Liberty,
John McCardell
Executive Director
P.S. President Trump’s executive order banned the creation and issuance of a central bank digital currency. But that doesn’t stop the next president from reversing that order and FORCING a CBDC on you and me.
NOW is the time to STOP a CBDC in the United States of America by passing a law banning the CBDC!
H.R.1919 – the Anti-CBDC Surveillance State Act – was put on the House Union Calendar two weeks ago, but Speaker Johnson still hasn’t brought it to the floor.
