Joe Biden is barreling ahead with his massive financial surveillance plan. Without the authorization of Congress, Biden has ordered the Federal Reserve to begin implementing a digital programmable currency able to track, trace, and control every penny you spend.

A few members of Congress have caught on to Biden’s dastardly plan. But many of the members are completely ignorant on this subject.

Please, fax Congress now and demand they protect financial and political freedom by voting YES on HR 1122, HR 3712, and S 887. Then read on to see what financial experts have to say. —Mat

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 didn’t 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’s 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.

“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.

In legal news ...

Liberty Counsel has several cases pending before the U.S. Supreme Court, including Sandra Merritt’s case. On September 26, the Supreme Court will hold its first “super conference” in which the Court will decide which cases it will hear in the upcoming session.

As you may recall, in 2022, Liberty Counsel won all four cases it argued or briefed before the High Court. In 2023, we won three more cases we briefed before the Court. Please be in prayer that the Court selects our cases so we can continue winning back America’s precious liberty.

Tomorrow, I will update you on the trial of Kim Davis, the former Kentucky clerk who was sued by the ACLU regarding same-sex marriage.

Mat Staver
Founder and Chairman
Liberty Counsel

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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.