Patriot,
I have some great news to report. . .
You may already know your Campaign for Liberty has been integral
to advancing state-level CBDC ban legislation across the country.
As of Friday, we have helped force bills through five states! And
legislation is moving through a dozen more.
But there is news out of Washington, D.C. as well.
Senator Ted Cruz (R-TX) introduced the "CBDC Anti-Surveillance
State Act," (S. 3801) last week, which would ban Central Bank
Digital Currencies!
The CBDC Anti-Surveillance State Act would:
>> Prohibit the Federal Reserve from issuing CBDCs or anything
substantially similar, under any other name or label, directly to
an individual;
>> Prohibit the Fed from indirectly issuing a CBDC;
>> Prohibit the Fed from using a CBDC for monetary policy;
>> Prohibit the Board of Governors of the Fed from issuing a
CBDC;
>> And it includes clear language that this does not apply to
open, permissionless, private currencies (i.e. crypto).
With seven cosponsors in the Senate, the bill is already off to a
good start, but I need you to tell your U.S. Senators to become
cosponsors right away!
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Current cosponsors are:
Senator Katie Britt (R-AL)
Senator Rick Scott (R-FL)
Senator Mike Braun (R-IN)
Senator Cindy Hyde-Smith (R-MS)
Senator Ted Budd (R-NC)
Senator Kevin Cramer (R-ND)
Senator Bill Hagerty (R-TN)
Patriot, the CBDC has been pushed, promoted, and developed by the
Federal Reserve for years now -- despite a lack of legislative
authority to do so. . .
And as many have been saying for some time, all they need is the
next banking crisis to exploit a panic and introduce it.
For them, it's not enough the Fed's "print now, ask questions
later" monetary policy helps them pretend they aren't destroying
the purchasing power of your money.
They want the ability to spend and spend on every boondoggle and
bailout put in front of them, without the "hindrance" of the Fed
actually having to print the paper dollars they create out of
thin air.
And even more, the government wants a currency they can monitor,
profile you with, limit what you can and cannot buy, and if
needed, confiscate from you with the push of a button.
That's why it's such great news that - thanks to all of you who
sent in your petitions demanding Congress BAN the Central Bank
Digital Currency - we now have a robust bill to do exactly that.
Now it's time to call upon all of our U.S. Senators to cosponsor
S. 3801, the CBDC Anti-Surveillance State Act!
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CBDCs are not just another method of digital payment - they could
completely upend the banking system and destroy banking as we
know it.
Because everything is digital, there is no physical currency and
therefore no physical infrastructure to maintain. A CBDC would
allow the central bank to issue currency directly to consumers.
Thus, each ordinary American citizen would have an account of
their own with the central bank, receiving money directly from
the central bank. . .
Until Uncle Sam decides to "de-bank" you . . . based on what you
buy, who you know, or what your politics are.
The Fed would just love to have the ability to force Americans to
spend more and save less . . . or tell you what to spend YOUR
money on.
But remember: All the "No CBDC Act" does is strengthen existing
law by replacing an omission of authority with a hard
prohibition. Congress never authorized the creation of a CBDC,
and the Federal Reserve cannot create a new currency without
congressional authority.
Despite the lack of authority to create a CBDC, the Federal
Reserve has been actively going down that path. Several Federal
Reserve Banks have posted job openings related to the creation of
a CBDC, including . . .
"The Federal Reserve Bank of San Francisco is looking for a
software engineer to help develop and implement systems related
to a central bank digital currency (CBDC)."
The Fed doesn't have the authority yet they are still actively
building a CBDC behind the scenes. We need to stop this now!
So take a moment to tell your U.S. Senators to force the Fed to
follow the law and PROHIBIT a Central Bank Digital Currency by
cosponsoring S. 3801!
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Then, after you have, please dig deep and chip in with as
generous a contribution as you can afford to help Campaign for
Liberty recruit and mobilize more patriots and build the momentum
to BAN the CBDC!
Can you give a gift of $25, $50, $100, or even $250 today? Your
support makes it possible for us to deliver thousands more of
your directives to Congress.
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Campaign for Liberty has been leading the charge to ban the CBDC,
and now legislation is moving our mission forward. Let's kick it
into high gear - your help today is crucial.
Please act today.
For Liberty,
John McCardell
Executive Director
Campaign for Liberty
P.S. Imagine physical currency disappearing completely . . . the
government having the power to automatically take taxes right out
of your bank account . . . to know what political campaigns you
support . . . to wipe your finances clean away from you with one
keystroke . . . this might be their most Orwellian scheme yet.
A Central Bank Digital Currency is a huge piece of the statists'
scheme.
But the "CBDC Anti-Surveillance State Act" (S. 3801) would
outright prohibit a CBDC.
Campaign for Liberty has already led the way in five states to
ban a CBDC with another dozen working their way through state
legislatures now. Now you and I have the opportunity to stop the
creation of a CBDC dead in its tracks at the federal level!
So, please, sign your Directive to your U.S. Senators to BAN the
Central Bank Digital Currency immediately - then pitch in with
your most generous gift of $25, $50, $100, $250, or whatever you
can today.
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If you'd prefer to donate via PayPal, please click here.
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Join Ron Paul's Patriot Club with a monthly contribution! Your
support sustains our work and members are automatically entered
to receive special giveaways autographed by Ron Paul.
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If you would like to make a donation by mail, please send your
check to Campaign for Liberty, PO Box 104, Lake Jackson TX 77566
or you can call 703-865-7162.
The mission of Campaign for Liberty is to promote and defend the
great American principles of individual liberty, constitutional
government, sound money, free markets, and a constitutional
foreign policy, by means of education, issue advocacy, and
grassroots mobilization.
© Campaign for Liberty, 2012. Paid for by Campaign for Liberty
and not authorized by any candidate or candidate's committee.
Because of Campaign For Liberty's tax-exempt status under IRC
Sec. 501(C)(4) and its state and federal legislative activities,
contributions are not tax deductible as charitable contributions
(IRC § 170) or as business deductions (IRC §
162(e)(1)).
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