Federal Reserve Chair Jerome Powell says you shouldn't be concerned about Central Bank Digital Currencies (CBDCs).

“People don’t need to worry about a central bank digital currency (CBDC). Nothing like that is remotely close to happening any time soon,” Powell said in testimony before Congress in March.

But that’s not exactly true. As with so many other things, when the government tells you not to worry, you should probably start worrying.

In fact, the Biden-Harris administration is pushing for a CBDC — all the better to control you. That is why we must demand that Congress pass the CBDC Anti-Surveillance State Act. — Mat

The Biden-Harris administration issued Executive Order 14067 in March 2022, requiring the Fed to begin “investigating” CBDCs. But the Fed didn't just “investigate” this new programmable digital money. They created a CBDC. In fact, they began creating this new digital funny money two years before Joe Biden signed the executive order.

The Fed partnered with the Massachusetts Institute of Technology (MIT) to test the new digital currency. They completed “Phase 1” of the project in December 2022, nine months after Biden signed the order.

“Our collaboration with central banks such as the Boston Fed is at the heart of DCI’s ongoing mission to serve as a neutral convener of governments, academics, open-source communities, and the private sector,” said Neha Narula, director of the MIT Digital Currency Initiative.

For its part, the Fed declared the project a success. “We think Project Hamilton helped not only the financial services sector, but the greater public, which relies upon fast, accessible, and safe money,” said Boston Fed Assistant Vice President Bob Bench.

Cold hard cash is fast, accessible, and safe. It’s also private, which is why globalists want to eradicate it. When cash is used, the government can’t tell how much individuals have on hand, what they do with it, or to whom they give it. And that kind of privacy is apparently too much for tyrants around the globe to bear.

In Sweden, the government plans to punish citizens from saving too much money. How? By charging them negative interest rates for not spending enough.

In the European Union, the government only wants to allow a small amount of a person’s payments to be private.

In China, the government dictates when and where citizens are allowed to spend their own money. And if the Chinese Communist Party (CCP) doesn’t want a person to buy a tank of gas or give money to a church, the CCP simply shuts off the person’s access to their money.

Over the next five months, the White House and congressional handlers are likely to enact every evil plan they can, in case they lose executive power on January 20, 2025. We must stop them from forcing their digital funny money on us.

The CBDC Anti-Surveillance State Act, states, in part:

No Federal Reserve bank shall offer products or services directly to an individual, maintain an account on behalf of an individual, or issue a central bank digital currency, or any digital asset that is substantially similar, under any other name or label, directly to an individual.

Liberty Counsel is working with members of Congress to counter the Biden-Harris administration’s plans to make the U.S. adopt a Communist China-style currency for control.

The last several years have been exceptionally busy. Liberty Counsel has been on the front lines of many of the nation’s critical battles. Last week, we filed a blockbuster brief on behalf of Kim Davis that has caught the attention of the media and many haters. This case could be the one to overturn the 2015 Supreme Court terrible marriage opinion in Obergefell v. Hodges.

And, today, we will receive the response from the Southern Poverty Law Center regarding its frivolous case against Liberty Counsel. Please pray for our team as we prepare our final reply to this group whose mission is to “destroy” people and groups that believe in life and marriage between a man and a woman.

Please also help fund our crucial legal work. As you know, Liberty Counsel never charges our clients. Few could afford to defend their rights against a government gone mad. Instead, they rely on friends like you, a faithful Liberty Counsel supporter. And if the CDBC passes, we will have mountains more work to protect our freedom.

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“Fed’s Powell Says Don’t Worry about CBDC. It’s Not Happening Any Time Soon.” Ledger Insights — Blockchain for Enterprise, March 8, 2024. Ledgerinsights.com/fed-powell-dont-worry-about-cbdc-not-happening-soon/.

Lindsay, Jay. “Boston Fed, MIT Complete Research Project into Feasibility of a Central Bank Digital Currency.” Federal Reserve Bank of Boston, December 22, 2022. Bostonfed.org/news-and-events/news/2022/12/project-hamilton-boston-fed-mit-complete-central-bank-digital-currency-cbdc-project.aspx.