Propaganda trying to scare people into accepting government control of their finances has already begun. We’ve got a dose of truth to counter those lies today. Read on for what YOU need to know about Biden’s digital programmable currency scheme to replace cash and control YOU.

Two bills are pending in Congress to protect our basic freedom from a federal government digital currency program. — Your Faith & Liberty team

Stop Joe Biden from taking control of YOUR finances. Demand Congress VOTE YES on HR 1122 and S 887.

Via executive order, Joe Biden has instructed the federal government to begin moving toward a Central Bank Digital Currency (CBDC). CBDCs are programmable digital currencies that eliminate cash — and your local banks.

Instead, the U.S. government becomes your bank via the Federal Reserve (the Fed). Make no mistake: The use of credit cards or electronic transfers is far different from a cashless society under a digital currency program.

Once the Fed is your bank, the government need not go through pesky “due process” measures to spy on you. As your bank, the government will have full visibility and control of every cent you make or spend, with no search warrant or court order needed.

The government will know all your accounts, your spending habits, travel, and most importantly, the government can direct, influence, and control each expenditure.

Big-government control-minded propagandists like Paul Krugman are already trying to paint anyone who opposes the Fed’s CBDC scheme as a criminal. In recent comments to the press, Krugman insisted that opposition to the CBDC would “protect the ability of wiseguys to evade taxes, launder money, buy and sell illegal drugs, and engage in extortion.”

Krugman — whose economic theories played a large part in moving American manufacturing jobs offshore — wants you to believe that only bad guys oppose the CBDC, and that if you aren’t a criminal, you don’t have anything to hide from the government.

What if you attended a church that opened during the draconian lockdowns? Your accounts could be frozen along with those of the church. And what if the government limits the miles you can drive in a month under the guise of curbing your carbon footprint? CBDCs will allow total control.

But such an argument belies our constitutional rights, not the least of which is to be secure in our papers and documents and in the daily transactions of our lives without snooping or interference from bureaucrats and tyrannical politicians.

Friedrich Hayek, an economist whose theories on individual property (including money) better align with our Constitution, argued that liberty is only possible when an individual has full ownership and control over his possessions, his land, and the work of his hands without government interference or control over those resources.

Robert P. Murphy, an economist and senior fellow with Mises Institute, says the Fed would not even need to officially launch a so-called “FedCoin” to start their CBDC financial surveillance scheme. Instead, “it would just take people switching their checking accounts to the Fed.”

If “people’s checking deposits were liabilities on the Fed’s balance sheet, that would be a central bank digital currency,” Murphy said. “They would still be ‘dollars,’ it’s just that the Fed would be in complete control; there wouldn’t be an intermediate level of private — and competing! — commercial banks.”

Be on the lookout for the Biden administration and the Fed to roll out a slew of tempting incentives to entice you and your fellow Americans to give up your financial privacy and security in exchange for “free money” with a new Fed checking account.

In other words, according to Murphy and several other liberty-minded economists, “If average Americans hold bank accounts directly with the Fed, its control over their lives would be nearly absolute, particularly if cash is phased out.”

The Cato Institute says, “a CBDC would most likely be the single largest assault on financial privacy since the creation of the Bank Secrecy Act and the establishment of the third-party doctrine.”

The Fed was created in 1913 to stabilize the financial sector. The Great Depression occurred under its watch 13 years later, along with a seemingly never-ending number of financial crises resulting from the Fed’s heavy hand on the economic scales — not the least of which is our current skyrocketing inflation.

If nothing else, the last three years have taught us that we cannot trust the government. They have censored important news stories and science while shutting down economies and bankrupting Americans, all while trying to steal our God-given and constitutionally protected rights to speech and religious practice.

The government has shown that we cannot trust them with our God-given liberties. It would be even more dangerous to trust them with our finances.

Please join us by prayerfully and financially supporting our vital ministry upholding freedom, faith, and family in our nation’s capital. A special Challenge Grant will DOUBLE THE IMPACT of your donation.

Thank you for loving liberty as much as we do!

Your missionaries to Washington, DC,

Peggy Nienaber, Vice President
Mat Staver, Chairman
Rev. Gregory Cox, Lead Missionary

P.S. Don’t forget to also sign the petition!

Sources:

Michel, Norbert, and Nicholas Anthony. “The Risks of CBDCs Why Central Bank Digital Currencies Shouldn’t Be Adopted.” Cato Institute, February 22, 2023. Cato.org/study/risks-of-cbdcs.

Murphy, Robert P. “It’s Not Paranoid to Worry about a Central Bank Digital Currency.” Mises Institute, April 17, 2023. Mises.org/wire/its-not-paranoid-worry-about-central-bank-digital-currency.