{"id":151203,"date":"2024-01-30T12:13:29","date_gmt":"2024-01-30T18:13:29","guid":{"rendered":"https:\/\/jbs.org\/?post_type=alert&p=151203"},"modified":"2024-02-23T09:46:06","modified_gmt":"2024-02-23T15:46:06","slug":"ban-a-central-bank-digital-currency-in-mississippi","status":"publish","type":"alert","link":"https:\/\/jbs.org\/alert\/ban-a-central-bank-digital-currency-in-mississippi\/","title":{"rendered":"Ban a Central Bank Digital Currency in Mississippi \u2014 Support HB 303 and HB 1294"},"content":{"rendered":"\n
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Members of the Mississippi Legislature are seeking to enact legislation banning Central Bank Digital Currencies (CBDCs) in the state.<\/p>\n\n\n\n

House Bill No. 303 (HB 303<\/a>) and House Bill No. 1294 (HB 1294<\/a>) are respectively sponsored by Representatives Charles Blackwell (R-Ellisville) and Becky Currie (R-Brookhaven). If enacted, they would amend the state\u2019s definition of money, found in Mississippi\u2019s Uniform Commercial Code, to exclude<\/a> CBDCs \u2014 regardless of whether they are \u201cissued by the United States Federal Reserve System, a federal agency, a foreign government, a foreign central bank, or a foreign reserve system.\u201d HB 303 would also ban state agencies from accepting CBDCs as a form of payment. These actions would <\/em><\/strong>effectively ban<\/em><\/strong><\/a> them within Mississippi.<\/em><\/strong><\/p>\n\n\n\n

HB 303 and HB 1294 come as state legislatures consider legislation pushed<\/a> by the Uniform Law Commission (ULC) that would pave the way<\/a> for a CBDC by banning free-market cryptocurrencies.<\/p>\n\n\n\n

Dangers of a Central Bank Digital Currency<\/strong><\/h2>\n\n\n\n

A digital currency is a major and imminent threat to Americans\u2019 liberty and privacy \u2014 and the Federal Reserve, <\/strong>White House<\/a>, and <\/strong>Treasury Department<\/a> are already taking steps to implement one in the United States.<\/strong><\/p>\n\n\n\n

A CBDC would amount to a <\/em>major expansion<\/strong><\/a> of government power, 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.<\/em><\/em><\/p>\n\n\n\n

Additionally, the Federal Reserve would be able to set the rules for a digital currency \u2014 it could <\/em>prevent<\/em><\/strong><\/a> Americans from using it for transactions that the Fed\u2019s leaders and other globalist elites dislike.<\/em><\/p>\n\n\n\n

Not so long ago, 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 \u201cunacceptable views,\u201d will intensify<\/a> exponentially.<\/p>\n\n\n\n

If a digital currency is implemented, it would be on a global level rather than just a national level.<\/strong> For example, as of March 2022, nine countries<\/a> have already implemented digital currencies while 78 others are considering it. Furthermore, at the 2022 World Government Summit, globalist \u201cexperts\u201d called for<\/a> the creation of a global digital financial system.<\/p>\n\n\n\n

Last, but not least, the Deep State has been planning<\/a> a digital currency for many<\/a> years<\/a> due to the control over people that it would gain. In fact, a digital currency is a crucial component<\/a> of the Great Reset plan to control humanity. Covid-19 provided an excuse for it to accelerate those plans.<\/p>\n\n\n\n

Ultimately, Mississippi must fully <\/strong>restore sound money<\/strong><\/a> within its borders \u2014 including nullifying the Federal Reserve, recognizing gold and silver as legal tender, and creating a state bullion depository \u2014 in pursuance with <\/strong>Article I, Section 10<\/strong><\/a> of the U.S. Constitution.<\/strong> However, stopping a CBDC is an important step toward preventing totalitarian control over all Americans. Accordingly, urge your state representative and senator to support HB 303 and HB 1294.<\/mark><\/strong><\/p>\n\n\n

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