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Joe Biden is trying to achieve unprecedented surveillance and control over Americans’ lives.
Now he’s ripping a page out of the Chinese Communist Party’s playbook.
And a leading Republican is trying to stop this sinister scheme by Joe Biden dead in its tracks. President Joe Biden issued a little-noticed executive order last year to research and develop a potential U.S. Central Bank Digital Currency (CBDC).
This electronic currency would give the government the ability to track how consumers spend their money and open the door for a laundry list of abuses.
A CBDC would be a loss of privacy and freedom with the government having the ability to shut down or restrict payments using the electronic currency.
Countries around the world are experimenting with their own CBDCs with the encouragement of globalist groups like the Atlantic Council. Rep. Alex Mooney (R-WV) is trying to stop the pilot program for a CBDC at the Federal Reserve from getting off the ground.
He introduced a bill into Congress, the Digital Dollar Pilot Prevention Act, that would put a stop to this terrifying attempt at government control.
Mooney pointed to China’s digital Yuan currency that was rolled out in 2020 as a pilot program in four cities before it expanded.
“Under the guise of a rapidly expanding pilot program, Chinese citizens will soon no longer have the choice of whether or not to use the digital yuan,” Mooney said in a statement to FOX Business. “Once it is fully implemented, it would allow Chinese officials to surveil and manipulate the financial activity of not only its citizens but also any foreign individual or firm that does business with China. CBDCs are not about innovation—they are about control.”
House Majority Whip Tom Emmer (R-MN) said that a CBDC could be “weaponized as a surveillance tool” to “choke out politically unpopular activity.” Momentum is building among Republicans to ban CBDCs in Congress and at the Presidential level.
Florida Governor Ron DeSantis banned the use of them in the Sunshine State and restated his opposition during his presidential announcement.
“If I’m President, we are not doing a central bank digital currency,” DeSantis said. “I think that that would be a huge, huge imposition on people’s financial freedoms and financial privacy.” CBDCs could be used in conjunction with a Chinese-style social credit to cut off American’s access to money and intimidate the population into compliance.
Democrat Presidential candidate Robert F. Kennedy, Jr. came out swinging against CBDCs saying they “grease the slippery slope to financial slavery and political tyranny.”
Biden has shown no hesitation to weaponize the federal government against his political opponents and a CBDC would be another arrow in his quiver.
CBDCs are becoming a major political battleground over the government’s attempts to control Americans’ lives.