Transforming lives with Good News in the Nation’s Capital

This Is The Opposite Of Freedom . . .

Sep 16, 2023




On March 9, 2022, Biden issued Executive Order 14067, which charged the Federal Reserve to begin investigating Central Bank Digital Currencies (CBDCs). Fast-forward to July 2023, and the Fed is doing more than “investigating.” Rather than simply “investigating” these digital programmable dollars, the Fed is already writing the code that will put this financial surveillance scheme in place.
 
Biden did not ask the permission of Congress or the American people to replace cash with his digital funny money. Nor does he have the authority to monitor and control every cent you make or spend — but he is doing it anyway. Biden and these federal agencies must be stopped!
 
 
“The real danger in CBDCs is that there is no limit to the level of control that the government could exert over people if money is purely electronic and provided directly by the government,” says Norbert Michel, vice president of the Cato Institute’s Center for Monetary and Financial Alternatives. “A CBDC would give federal officials full control over the money going into—and coming out of—every person’s account.”

“This level of government control is not compatible with economic or political freedom,” Michel continues.

The Chinese Communist Party (CCP) already uses a CBDC to enforce the CCP’s will on citizen budgets, including earmarking funds specifically for health care or travel. If the citizen runs out of those funds, they will be barred from receiving medical treatment or transportation even if they have other, non-earmarked funds available.

But it’s even worse than that, according to Emily Jin, a cyber expert with the Center for a New American Security, who says the project has clear political motivations.

If the CCP doesn’t like what you’ve been buying, it simply limits the ability to spend money, or erases the citizen’s life savings altogether.

Get Joe’s nose out of YOUR bank account.





“The truth is CBDCs are government’s attempt to protect its privileged position and exert more control over people’s money,” Michel says.

“At its core, this brave new world of monetary policy equates to the government saying that your money isn’t really your money,” Michel adds. “Your property rights are subservient to the ‘public good’ and the supposed necessity of ‘managing the national economy.’”

Joe Biden’s CBDC plan is the antithesis of freedom, and it must be stopped. Some members of Congress are pushing three bills to stop Biden’s digital-dollar plans. But to gain greater awareness of the issue, we need everyone to FAX CONGRESS NOW and demand they VOTE YES on HR 1122, HR 3712, and S 887.
 
Faith & Liberty must have a strong presence in Washington, D.C., to stand against the flood of anti-faith, anti-family, and anti-freedom efforts on Capitol Hill. Join us by supporting Faith & Liberty with a monthly donation or a one-time gift. DOUBLE the impact of your gift through a generous Challenge Grant.

Grateful for you,

Peggy Nienaber, Vice President
Mat Staver, Chairman
Rev. Gregory Cox, Senior Pastor

P.S. Make a recurring monthly donation and DOUBLE YOUR GIFT!

P.P.S. Demand Congress VOTE YES on HR 1122, HR 3712, and S 887.


 
Sources:
 
Canales, Katie, and Aaron Mok. “China's 'Social Credit' System Ranks Citizens and Punishes Them with Throttled Internet Speeds and Flight Bans If the Communist Party Deems Them Untrustworthy.” Business Insider, November 28, 2022. Businessinsider.com/china-social-credit-system-punishments-and-rewards-explained-2018-4.

“Executive Order on Ensuring Responsible Development of Digital Assets.” The White House, March 9, 2022. Whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/.

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.

Nagarajan, Shalini. “Financial Equivalent of the Death Star’: CBDC Jobs Multiply in Public, Private Sectors.” Blockworks, July 24, 2023. Blockworks.co/news/cbdc-jobs-multiply.

TAKE ACTION