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CBDC Central Bank Digital Currency

Senator Ted Cruz introduces bill to ban CBDCs to prevent US from becoming ‘surveillance state’

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From LifeSiteNews

By Doug Mainwaring

Heritage Action for America warned that ‘anti-CBDC legislation is necessary to safeguard Americans’ financial privacy in the face of potential surveillance, control, and political intimidation.’

U.S. Sen. Ted Cruz introduced the CBDC Anti-Surveillance State Act to prohibit the Federal Reserve from issuing a central bank digital currency (CBDC) that Republican sponsors of the bill believe could turn the nation into a “surveillance state” by handing over control of personal finances to federal government agencies.

While digital currency offers some attractive features, it also would grant the federal government unlimited opportunity to weaponize the technology against citizens, allowing it to both spy on the spending habits of everyday Americans and block access to the money in their personal bank accounts.

U.S. House Majority Whip Tom Emmer of Minnesota described the threat of a U.S. CBDC last fall:

Unlike decentralized cryptocurrencies, like Bitcoin, a CBDC is a digital form of sovereign currency that is designed and issued by a government and transacts on a digital ledger that is controlled by that government. In short, a CBDC is government-controlled programmable money that, if not designed to emulate cash, could give the federal government the ability to surveil Americans’ transactions and choke out politically unpopular activity.

A government-issued CBDC is nothing more than a CCP-style surveillance tool that would be used to undermine the American way of life.

“While Americans across the country are being punished for thinking, speaking, and voting the ‘wrong’ way, the last thing we need is the government surveilling personal finances,” explained a statement from Heritage Action for America concerning the new legislation. “Anti-CBDC legislation is necessary to safeguard Americans’ financial privacy in the face of potential surveillance, control, and political intimidation.”

“CBDCs present major privacy concerns for everyday Americans, including granting the government the ability to collect intimate personal details on U.S. citizens, and potentially track and freeze funds for any reason,” the Blockchain Association noted.

Sen. Cruz, chief sponsor of the bill, said, “The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC.”

“Big government has no business spying on Americans to control their personal finances and track their transactions,” said Republican U.S. Sen. Rick Scott of Florida, a co-sponsor of the bill. “It is a massive overreach.”

In early 2022, the Biden administration urged the Fed to investigate the creation of a CBDC.

“Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs),” said Biden, warning that the U.S. “must play a leading role in international engagement and global governance of digital assets consistent with democratic values and U.S. global competitiveness.”

Pushback against a U.S. CBDC has become an integral part of the messaging of 2024’s presidential hopefuls.

Last month, former President Donald Trump pledged to ban a CBDC if re-elected to the White House.

“As your president, I will never allow the creation of a Central Bank Digital Currency,” Trump told a crowd during a campaign event in New Hampshire.

“Such a currency would give a federal government — our federal government — absolute control over your money,” Trump said. “They could take your money, and you wouldn’t even know it was gone.”

“This would be a dangerous threat to freedom, and I will stop it from coming to America,” he vowed.

Even Robert F. Kennedy Jr., a former Democrat now running as an Independent presidential candidate, has warned that CBCDs are “a calamity for human rights and for civil rights” while similarly promising to halt progress by the Fed from creating a CBDC.

Eleven countries have already fully implemented CBDCs, including China, where digital currency is tied to a person’s “social credit score.”

The CCP (Chinese Communist Party) uses its extensive network of digital cameras —estimated to be over one billion — combined with facial-recognition capabilities to monitor the daily movements and actions of its citizens. That along with other information collecting capabilities used in conjunction with government-controlled digital currency allows the CCP to punish those who transgress desired social norms.

While Democrats in Congress have sought to pass legislation authorizing the Fed to institute a CBDC, Republicans have similarly made sought to preempt such a move.

Last fall, Emmer introduced a bill in the U.S. House with the same name as Cruz’s bill, “CBDC Anti-Surveillance State Act,” to” halt the efforts of unelected bureaucrats in Washington, D.C. from issuing a central bank digital currency (CBDC) that dismantles Americans’ right to financial privacy.”

Co-sponsoring the bill with Cruz are Republican Sens. Bill Hagerty of Tennessee, Scott, Ted Budd of North Carolina, and Mike Braun of Indiana.

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CBDC Central Bank Digital Currency

Lawmakers, conservatives blast WHO plan for ‘global governance’ on future pandemics

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By Calvin Freiburger

“The treaty would put us under the thumb of the U.N. and communist China and the WHO for whatever they wanted to declare a crisis, whether it’s poverty crisis, or a gun violence crisis or a climate crisis, or a health crisis, and make us listen to the WHO. That is not constitutional.”

Republican lawmakers and conservative activists rallied outside the U.S. Capitol Thursday morning to raise awareness of and opposition to a global pandemic agreement that they say poses a grave threat to national sovereignty and basic freedoms.

On May 27, the World Health Assembly (the governing forum of the World Health Organization’s 194 member nations) is slated to meet and finalize the details of the WHO Pandemic Agreement, on the surface a plan to better handle global health crises like COVID-19 in the future. However, critics have found a number of alarming details in the drafts that have been released.

The Washington Stand’s Ben Johnson explains that the plan’s February 8-15 draft “redistribute 20% of all U.S. ‘pandemic-related products’’ to other nations,” empower censorship for the sake of preventing an “infodemic” of “too much information” and “false or misleading information” from creating “mistrust in health authorities and undermin[ing] public health and social measures,” and institute a “Conference of the Parties” to alter the deal further via a two-thirds vote.

An updated draft released April 16 drops the “infodemic” language in favor of a shorter and more vague statement about “[r]ecognizing the importance of building trust and ensuring timely sharing of information to prevent misinformation, disinformation and stigmatization”; but retains the redistribution language as well as the Conference of the Parties’ amendment power–meaning that the most objectionable aspects of earlier drafts could be restored once the agreement is adopted.

On Thursday, the Sovereignty Coalition organized a press conference to make their opposition to “global governance” known. Participants included U.S. Sen. Ron Johnson (R-WI), U.S. Reps. Bob Good (VA-5), Chris Smith (NJ-4), Chip Roy (TX-21), and other members of Congress; Family Research Council president Tony Perkins, Tea Party Patriots Action president Jenny Beth Martin, Center for Security Policy executive chairman Frank Gaffney, and Women’s Rights without Frontiers and Anti-Globalist International president Reggie Littlejohn, among other heads of conservative groups.

“This is the most important issue that is getting the least amount of attention relative to its importance,” declared Good. “The treaty would put us under the thumb of the U.N. and communist China and the WHO for whatever they wanted to declare a crisis, whether it’s poverty crisis, or a gun violence crisis or a climate crisis, or a health crisis, and make us listen to the WHO. That is not constitutional.”

“Are we for standing up for Americans, or are we for ceding authority to international bodies to govern us and to shove their progressive, radical, Marxist ideas on the American people?” asked Roy.

Should the agreement be ratified, Littlejohn warned, the Conference of the Parties would have the power to “mandate vaccines, mandate masks, mandate lockdowns, and mandate quarantines,” as well as “mandate that the governments of the world surveil and censor their citizens, no doubt through digital IDs, which can be used as the basis of a Chinese-style, social credit.”

Long known for a similar left-wing bias to that of the United Nations, the WHO has faced additional criticism since COVID’s outbreak in 2020 for, among other offenses, opposing bans on travel from China that could have limited the reach of COVID, for legitimizing the false claims coming out of the Chinese government that initially downplayed the gravity of the situation and covered up the Communist regime’s mishandling of it, and for favoring the lockdown and mandate policies that exacerbated harm while curtailing basic freedoms and failing to improve health outcomes.

“In December [2019], the WHO refused to act on or publicize Taiwan’s warning that the new respiratory infection emerging in China could pass from human to human,” U.S. Sen. Marco Rubio (R-FL) wrote in April 2020. “In mid January [2020], despite accumulating evidence of patients contracting what we now know as COVID-19 from other people, the organization repeated the [Chinese Communist Party’s] lie that there was no evidence of human-to-human transmission. In January, the WHO, at Beijing’s behest, also blocked Taiwan from participating in critical meetings to coordinate responses to the coronavirus and even reportedly provided wrong information about the virus’s spread in Taiwan.”

Near the end of its tenure, the Trump administration began the process of formally withdrawing the United States from the WHO. But upon taking office, President Joe Biden notified the body that it would contribute $200 million by the end of February 2021, restoring the aid Trump had canceled and asserting a “renewed commitment” to the WHO.

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RFK Jr. warns Americans ‘will be slaves’ if central bank digital currency is established

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From LifeSiteNews

By Doug Mainwaring

The U.S. presidential candidate cited the Freedom Convoy trucker protests in Canada when the government ‘was able to destroy their lives’ by freezing bank accounts.

Democrat presidential candidate Robert F. Kennedy Jr. declared in no uncertain terms recently that establishing a Central Bank Digital Currency in the country will be “the end of freedom; we will be slaves if we allow that to happen.”

In a wide-ranging discussion at the University of Austin about freedom of speech and civil discourse, Kennedy said he didn’t “get” the connection between CBDCs and the loss of freedom of expression and other freedoms until he witnessed the Canadian trucker protest.

“The truckers in Canada were protesting the COVID mandates, the lockdowns, masking mandates, vaccination mandates, and others,” Kennedy began. “They started in Alberta. They picked up thousands of trucks as they drove across Canada to Ottawa.”

When they got to Ottawa — they were trying to petition Prime Minister Trudeau — and they were exercising a right that we all take for granted in this country: the right to assemble, the right to protest, the right to petition their government, and the government instead condemned them as right-wing fascists and racists, which if you look at the videos, they’re the opposite. Looks like Woodstock. They were delivering bottled water, they were cooking food for the poor, they were picking up garbage. There were musicians on every block.

It was really a beautiful thing.

However, the Trudeau government perceived the protesters to be an existential threat.

“The government used facial recognition systems and other intrusive technologies to identify the participants,” he recounted, and weaponized that information against them to freeze their bank accounts so they couldn’t purchase diesel for their trucks, buy food for their kids, or pay their mortgages or rents.

A pivotal moment for Kennedy occurred when one of the truckers told him that because of the government’s action, he was going to go to jail because he couldn’t pay his alimony.

He said that transactional freedom is as important as freedom of the press, or freedom of speech, “because if you have freedom of speech in the First Amendment and yet when you exercise that speech — if the government doesn’t like it — they can starve you to death. They can throw you out of your home.”

They keep a social credit score on you so that if (for instance) you’ve got your mask off below your nose, or if you’re not social distancing properly, or if you violate some other social norm, you get penalties taken off your social (credit) score and at some point they punish you.

Penalized persons are then limited to buying groceries from “stores that are within a certain radius of your house. You can’t buy gas. You can’t buy an airplane ticket. You can’t buy anything else, so you’re basically under home confinement.”

The truckers in Canada were never charged with a crime. They were certainly never convicted. It was just (that) they were doing something the government didn’t like.

So the government was able to destroy their lives, and that is a very dangerous power to give government. And that’s why I’m against Central Bank Digital Currencies because that is part of the path to getting us where China is today.

That’s where they started. That’s where all these other countries … with a Central Bank Digital Currency (started). And it’s the end of freedom. We will be slaves if we allow that to happen.

Kennedy is far from alone in his alarm over the prospect of a CBDC being introduced in the U.S. or Canada.

Although digital currency offers some attractive features, it also would grant the federal government unlimited opportunity to weaponize the technology against citizens, allowing it to both spy on the spending habits of everyday Americans and block access to the money in their personal bank accounts.

U.S. Sen. Ted Cruz introduced the CBDC Anti-Surveillance State Act last month to prohibit the Federal Reserve from issuing a central bank digital currency that Republican sponsors of the bill believe could turn the nation into a “surveillance state” by handing over control of personal finances to federal government agencies.

“The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC,” Cruz said.

“While Americans across the country are being punished for thinking, speaking, and voting the ‘wrong’ way, the last thing we need is the government surveilling personal finances,” Heritage Action for America explained in a statement concerning the new legislation. “Anti-CBDC legislation is necessary to safeguard Americans’ financial privacy in the face of potential surveillance, control, and political intimidation.”

“CBDCs present major privacy concerns for everyday Americans, including granting the government the ability to collect intimate personal details on U.S. citizens, and potentially track and freeze funds for any reason,” the Blockchain Association noted.

“Big government has no business spying on Americans to control their personal finances and track their transactions,” said Republican U.S. Sen. Rick Scott of Florida, a co-sponsor of the bill.

“It is a massive overreach,” he warned.

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