by Sean Moran
February 22, 2023
'Central Bank Digital Currencies' (CBDCs) are key to the
implementation of a
technocratic scientific dictatorship because it
would create a central control point over all financial
Finally, legislative pushback is emerging to stop the
Federal Reserve from creating a digitized dollar.
Tom Emmer unveils
to Ban FED
House Majority Whip Tom Emmer (R-MN) on Wednesday introduced
legislation to prevent the Federal Reserve (FED) from issuing a
central bank digital currency (CBDC), which he and others say could
surveil Americans' financial activity.
"Today, I introduced
the CBDC Anti-Surveillance State Act to halt efforts of
unelected bureaucrats in Washington DC, from stripping Americans
of their right to financial privacy," Emmer, a staunch cryptocurrency advocate,
"Any digital version
of the dollar must uphold our American values of privacy,
individual sovereignty, and free market competitiveness.
Anything less opens
the door to the development of a dangerous surveillance tool."
Emmer said that the bill,
would bar the Federal Reserve from issuing a CBDC
prevent the FED
from using a CBDC for monetary policy purposes
require the FED's CBDC projects to be transparent...
CBDCs are digital versions of national fiat currencies that operate
on private blockchains.
"After all, America
remains a technological leader not because we force innovations
to adopt our values under regulatory duress, but because we
allow technology that holds these values at their core to
Emmer said that Reps.,
Andy Biggs (R-AZ)
Mike Flood (R-NE)
Young Kim (R-CA)
...cosponsored the bill.
The FED has
said it is,
potential benefits and risks of CBDCs from a variety of angles,"
which includes research and experimentation.
Many countries such as,
Japan, the United Kingdom, and China are exploring how to use a CBDC.
Nigeria has been using a digital version of its currency since 2021.
House and Senate Republicans
called on the U.S. Olympic
Committee to bar athletes from using the digital yuan during the
2022 Beijing Winter Olympics, citing that the Chinese CBDC would
lead to increased surveillance of American athletes.
Sen. Marsha Blackburn (R-TN)
at a Club for Growth
tech symposium she sponsored the Say No to the Silk Road Act,
which would set new standards and guidelines for the Chinese
digital bank currency, or the Digital Yuan.
Many Biden nominees and
Democrat lawmakers have pushed for the creation of an American CBDC.
Saule Omarova, Biden's failed nominee for the
the Currency, advocated for the creation of a CBDC, which would
grant the federal government immense control over Americans' money.
A former senior government official told Breitbart News in
"And, why do they
want to do that?
Because eventually, they want to be able to
decide which transactions to approve and disapprove of. You
know, that's what it's ultimately all about."
Agency surveillance (NSA) whistleblower
warned that the creation of CBDCs could annihilate the,
"savings of every
wage-worker in the country."
Snowden also said that
the CBDC was,
to deny its users the basic ownership of their money and to
install the State at the mediating center of every transaction."
appeared to blame the rise of
Bitcoin and other cryptocurrencies for
digitizing finance and wresting control of Americans' money from the
She wrote in "Technology v. Technology
- Fintech as a Regulatory
the "root of the
problem" in the "massive digitization of finance" is the
"critical shift in the... balance of power in the financial
system" away from government control.
Sen. Elizabeth Warren
(D-MA), who is highly critical of the cryptocurrency industry, in
called for the government to create