The International Monetary Fund (IMF) is marching forward with government-run digital currencies. The IMF's managing director, Kristalina Georgieva, is advocating for CBDCs. "The public sector should keep preparing to deploy CBDCs and related payment platforms in the future," she said. She touts that "CBDCs can replace cash ... offer resilience in more advanced economies. And they can improve financial inclusion where few hold bank accounts."

Referring to Singapore, which is just launching its new Central Bank Digital Currencies (CBDCs), Georgieva said, "this is not the time to turn back."

We need your help to demand that Congress protect our freedom and our privacy. There is a bill to block the government from weaponizing CBDCs. HR 1122, the "CBDC Anti-Surveillance State Act," has made it out of committee and is now ready for a full House vote. But whether this important financial privacy bill makes it to the floor, let alone passes, will depend on you.

Protect your bank account(s) from prying eyes by faxing Congress NOW, then read on for the news. — The Faith & Liberty Team

Cryptocurrencies were designed to keep government eyes off personal financial transactions.

Government central bankers designed Central Bank Digital Currencies to counter cryptocurrency privacy measures, enabling the government to monitor and control every cent you own or spend.

On March 9, 2022, Joe Biden ordered the Federal Reserve to begin "investigating" deployment of a CBDC. Just one year later, the Federal Reserve isn't just "investigating." Without the permission of Congress, Biden's Fed is already CODING his financial surveillance tool.

Executive Order 14067 was the opening salvo in Biden's scheme to mimic the Chinese Communist Party’s (CCP) financial control over its citizens. When implemented, a CBDC will eliminate cash, make the government your direct bank, and force everyone into that central government-run bank, while tracking, tracing, and controlling every cent you own or spend.

"The administration has made it clear: President Biden is willing to compromise the American people's right to financial privacy for a surveillance-style CBDC," said Rep. Tom Emmer (R-MN), who sponsored HR 1122, the CBDC Anti-Surveillance State Act.

Rep. Emmer introduced HR 1122 "to put a check on unelected bureaucrats and ensure the United States' digital currency policy upholds our values of privacy, individual sovereignty, and free-market competitiveness."

"A government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life," said Rep. Emmer, referring to the Chinese Communist Party’s digital currency specifically designed to control people.

Currently, in China, the CCP rewards and punishes people via its CBDC. The CCP dictates where and when a person can use their hard-earned money, if at all.

Liu Hu, a journalist in China, covers government censorship and corruption. Because of his truthful reporting, Liu was placed on the CCP’s "List of Dishonest Persons Subject to Enforcement by the Supreme People's Court." As a result, Liu is now forbidden from using his own money to buy a plane ticket, travel on rail lines, or even buy property.

"There was no file, no police warrant, no official advance notification," Liu told reporters. "They just cut me off from the things I was once entitled to. What's really scary is there's nothing you can do about it. You can report to no one. You are stuck in the middle of nowhere."

The CCP doesn't only target journalists and dissidents, either. Many religions are considered cults by the Chinese government. The CCP is officially atheist, and its members are forbidden to join any religion. Chinese Christians can wind up on the same "untrustworthy persons" list as Liu.

David McIntosh, president of Club for Growth, said, "Two world visions for the future of digital currencies are in conflict: China and a Central Bank Digital Currency (CBDC) where government creates digital assets and surveils, spies, monitors, and restricts consumer behavior versus an American free marketplace that enables private competition that protects consumer data, allows economic freedom, enables innovation, and encourages competition." McIntosh added that America should not "go down the China road" by developing a CBDC.

Given the Biden administration's track record of tyranny, including censoring Americans who disagree with the government's COVID talking points and demanding access to every transaction of every bank account that transacted 600 or more dollars a year, the prospect of a Biden CBDC is terrifying.

"Thorough anti-CBDC legislation is critical for safeguarding Americans' financial privacy in the face of potential surveillance, control, and political intimidation," said Ryan Walker, acting executive director of Heritage Action. Walker added that HR 1122 is an important measure "to protect individual liberty and prevent threats of government coercion through the financial sector."

Rep. Emmer's bill passed a committee vote on September 21. The bill is now ready to come to the House floor for a full vote. But that will only happen if you and I persist in demanding that Congress PASS THIS BILL!

The book of Philippians reminds us, "Forgetting what is behind and straining toward what is ahead, I press on toward the goal to win the prize for which God has called me heavenward in Christ Jesus" (Phil. 3:13-14).

Together, let us press on and not get weary in doing what is right.

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

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Sources:

Emmer, Tom. "Emmer Reintroduces CBDC Anti-Surveillance State Act." The Office of U.S. Representative Tom Emmer, September 12, 2023. Emmer.house.gov/press-releases?ID=AF7974C8-BAD5-4082-9E77-29A6D7EA5915.

"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/.

Finneseth, Jordan. "U.S. CBDC Anti-Surveillance State Act Advances to a Full House Vote." Kitco, September 21, 2023. Kitco.com/news/2023-09-21/U-S-CBDC-Anti-Surveillance-State-Act-advances-to-a-full-House-vote.html.

Kobie, Nicole. "The Complicated Truth about China's Social Credit System." Wired UK, June 7, 2019. Wired.co.uk/article/china-social-credit-system-explained.