Cashless Future: Convenience or Captivity?

We call on the Biden Administration cease its pursuit of a Central Bank Digital Currency (CBDC) and write to alert Congress that its power regarding the coining and regulation of money is being quietly stolen, to the great peril of our citizenry and way of life.

Article I, Section 8, Clause 5 of the United States Constitution specifically grants Congress the power "To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures"

Yet, President Biden, through Executive Order 14067, and the Fed are trying to circumvent this power to issue a CBDC version of the US Dollar without providing Congress the opportunity to perform oversight and to ensure the natural and civil rights of Americans are protected. This CBDC is potentially “programmable,” meaning it could be programmed only to allow us to buy certain things at certain times – or even shut off entirely, leaving us with no access to our own funds.

The CBDC is especially dangerous to our freedom when combined with a mandatory digital ID, such as a vaccine passport, smart health card, or digital driver’s license – as has been urged at a recent meeting of the International Monetary Fund and the G20. Any mandatory digital ID can be used as a tool of mass surveillance and totalitarian control, as they currently are under China’s Social Credit System. Those who disagree with the prevailing government narrative can find themselves cut off from their credit cards and bank accounts. This recently happened to Canadian truckers and their donors.

We urge President Biden to withdraw EO 14067 and to end the march to turn our money into a mechanism of perpetual captivity.

For More Information

https://www.cato.org/commentary/bidens-cryptocurrency-reports-highlight-government-culture-surveillance

https://reclaimthenet.org/imf-cbdcs-tied-digital-ids-push-society/

https://www.newsweek.com/banks-have-begun-freezing-accounts-linked-trucker-protest-1680649

https://www.presidency.ucsb.edu/documents/executive-order-14067-ensuring-responsible-development-digital-assets