Members of Congress are seeking to enact legislation to prevent the Federal Reserve from issuing a digital currency, which would decimate personal privacy and implement a full-fledged surveillance state.
H.R. 1122, H.R. 5403, and S. 3801 are all titled the “CBDC Anti-Surveillance State Act.” The first two bills are sponsored by Representative Tom Emmer (R-Minn.) and cosponsored by 46 and 141 representatives, respectively. Meanwhile, S. 3801 is sponsored by Senator Ted Cruz (R-Texas) and cosponsored by nine other representatives. If enacted, these bills would ban the creation of a Central Bank Digital Currency (CBDC); for example, H.R. 1122 states:
Except as specifically authorized under this Act, a Federal reserve bank may not offer products or services directly to an individual, maintain an account on behalf of an individual, or issue a central bank digital currency directly to an individual….
The Board of Governors of the Federal Reserve System and the Federal Open Market Committee may not use any central bank digital currency to implement monetary policy.
In a press release announcing H.R. 1122’s introduction, Representative Andy Biggs (R-Ariz.) stated:
A government run digital currency presents a real threat to Americans’ freedom to use their hard-earned money, and fundamentally, to the value of that money – Emmer’s bill ends this threat before it can begin.
From Big Tech censorship to COVID mandates to now regulating digital currencies, unelected bureaucrats continue to push our nation toward an authoritarian state. This rogue behavior must stop and this legislation gets us closer to achieving that.
A digital currency is a major and imminent threat to Americans’ liberty and privacy.
On March 9, 2022, President Joe Biden signed an executive order that, among other actions, instructed the federal government and the Federal Reserve to explore the creation of a U.S. CBDC, and to draft a “legislative proposal” for Congress to enact.
Furthermore, on September 16, 2022, the Treasury Department officially recommended that the U.S. federal government explore the creation of a digital currency — another major step toward such a radical action. The Treasury Department and the Federal Reserve would likely work together to create this tyrannical digital currency.
A CBDC would amount to a major expansion of the federal government’s powers, allowing it to restrict our personal freedoms and implement its leftist agenda with no opposition. A digital currency would be centrally controlled by the Federal Reserve, allowing it to oversee all our transactions and thus obliterating privacy and anonymity.
Additionally, the Federal Reserve would be able to set the rules for a digital currency — it could prevent Americans from using it for transactions that the Fed’s leaders and other globalist elites dislike.
Just in the past few months, we saw the Canadian government shut down the bank accounts of pro-freedom demonstrators, and Big Tech companies prevent electronic payments in Russia. If a digital currency is implemented, these displays of draconian government power against its political opponents, or those with “unacceptable views,” will intensify exponentially.
If a digital currency is implemented, it would be on a global level rather than just a national level. For example, as of March 2022, nine countries have already implemented digital currencies while 78 others are considering it. Furthermore, at the 2022 World Government Summit, globalist “experts” called for the creation of a global digital financial system.
Last, but not least, the Deep State has been planning a digital currency for many years due to the control over people that it would gain. In fact, a digital currency is a crucial component of the Great Reset plan to control humanity. COVID-19 provided an excuse for it to accelerate those plans.
Ultimately, the Federal Reserve — a blatantly unconstitutional agency — must be completely abolished, and the United States must return to constitutional money. However, H.R. 1122, H.R. 5403, and S. 3801 are good first steps that would protect our liberty and privacy.
Contact your U.S. representative and senators and urge them to enact the CBDC Anti-Surveillance State Act (H.R. 1122, H.R. 5403, and S. 3801), and to oppose the creation of any digital currency.
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