Trump Promises NO Central Bank Digital Currency

Former President and current presidential candidate Donald Trump made a big pronouncement on China Joe Biden’s digital, programmable “funny money” this weekend. Meanwhile, momentum is building around Congress and more and more members are signing on to a very critical bill. Read on to see why “the Don” says America will never use a Central Bank Digital Currency (CBDC). — Mat Tell Congress to VOTE YES on the CBDC Anti-Surveillance State Act!

The CBDC Anti-Surveillance State Act now has 46 co-sponsors in the House, (where the measure is known as HR 1122). Our staff on Capitol Hill expect that number to increase to 75 co-sponsors in the very near future.

Majority Whip Tom Emmer (R- MN) sponsored the House version of the bill in September. A statement released by the Majority Whip’s office notes that “[u]nlike 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.”

Rep. Emmer went on to say: “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” (emphasis added).

“The administration has made it clear: President Biden is willing to compromise the American people’s right to financial privacy for a surveillance-style CBDC,” Emmer says.

Protect YOUR financial privacy and freedom! Demand Congress VOTE YES on HR 1122 and S 887.

Sadly, former President Donald Trump has personal experience with tyrannical attempts to silence and eliminate political enemies. His opponents have lobbed 91 separate criminal charges against the former President in a blatant effort to prevent him from running for office. They include 34 charges in New York alone, which are clearly geared to financially punish the outspoken billionaire.

In a January 17 speech in Portsmouth, NH, President Trump announced, “Tonight I’m making another promise to protect Americans from government tyranny. As your President, I will never allow the creation of a Central Bank Digital Currency.”

“Such a currency would give a federal government, our federal government, absolute control over your money. They could take your money; you wouldn’t even know it was gone,” Trump told the crowd. “This would be a dangerous threat to freedom, and I will stop in from coming to America.”

In other areas of the world where CBDCs have already been introduced (like Communist China), CBDCs are used to force citizens into behaviors they wouldn’t normally choose.

For instance, in China, if one has used more gasoline than the Chinese Communist Party feels is appropriate, they simply prevent your card from being used at the pump — no matter how much money is in your account.

And if one is a Christian, the CCP may consider that person to be a cult member, and simply shut off access to their own money.

Tell Congress to VOTE YES on the CBDC Anti-Surveillance State Act!

“Specifically, the CBDC Anti-Surveillance State Act prohibits the Federal Reserve from issuing a CBDC directly to individuals, ensuring the Fed cannot mobilize itself into a retail bank able to collect personal financial data on Americans,” Emmer says.

“It prohibits the Fed from indirectly issuing a CBDC to individuals through an intermediary, preventing the Fed from launching a retail CBDC through our two-tier financial system. Finally, it prohibits the Fed from using any CBDC to implement monetary policy, ensuring the Federal Reserve cannot use a CBDC as a tool to control the American economy,” Emmer continues.

The legislation also serves to protect cryptocurrencies like Bitcoin, the digital cash alternative that cannot be seized, sanctioned, or stolen by any government or central banker.

But most importantly, HR 1122 and its Senate companion bill, S 887, serve to protect Americans from an increasingly nosey and control-minded federal government.

President Trump’s announcement has given HR 1122 and S 887 a boost in support. But while the number of HR 1122 co-sponsors is growing, so far there are only 46, and S 887 only has three co-sponsors.

We need your help to get this legislation passed — pronto! Please take a moment right now to fax Congress and demand they VOTE YES on the CBDC Anti-Surveillance Act, HR 1122 and S 887.

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Mat Staver
Founder and Chairman
Liberty Counsel