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Stop Digital Currency in the making now. Write the Speaker of the House
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May 25, 2023 01:09:37   #
CounterRevolutionary
 
CounterRevolutionary wrote:
dTucker - Today is Wednesday May 24th, 2023. Saturday was May 20th, 2023, the day of the ball game.
COVID19 was officially over May 11th 2023.

Los Angeles is dragging its feet. Why not call the stadium and ask what their cash policy is tomorrow?

Let us know. I am curious. Is Governor Devin Newsom a power-freak? These Democrat Socialists never let a good crisis go to waste! Their only profession is lying. How different when Ronald Reagan was governor.

First comes truth, then trust, then love before the family unit becomes the building block of society, otherwise civilization ceases and vanishes. The capacity to deceive is not smart. Life is hell on earth when you cannot trust anybody. One day Hunter Biden will wake up and tell all.
dTucker - Today is Wednesday May 24th, 2023. Satur... (show quote)

Reply
May 25, 2023 01:14:33   #
dtucker300 Loc: Vista, CA
 
CounterRevolutionary wrote:
Tucker, let us take a look at Katie Rees's article more thoroughly:

"Cryptocurrency is certainly a type of virtual money, but its characteristics separate it from typical digital currency...

What is "virtual money"? Definition, please.

"Every cryptocurrency out there today exists on a blockchain, which is an immutable ledger of chronological data...

"Immutable" as in DNA of organic life, like poppies, cocaine, and hemp?

but next:

" Cryptocurrencies are generally decentralized, though they can have centralized characteristics. Decentralization refers to a system that spreads data and network power across multiple connection nodes...

Huh, what? What is a "connection node"? What happened to the "immutable block chain"?

"Cryptocurrencies can be traded on various platforms, most notably exchanges. Cryptocurrency exchanges can be either centralized or decentralized..."

What? A "decentralized," "block chain which is an immutable ledger"??? I am sinking in a swamp of Liberal Leftwing Lingo that sounds so intelligent but makes no sense.

Oh, wait.

"However, this lack of regulation exposes cryptocurrency to many risks, including volatile price fluctuations, scams, and fraud...

Duh? What happened to the "immutability," not to be confoosed with "corruptibility."

"Digital currency is more of a blanket term that can be used for various assets...

VARIOUS ASSETS ???? - such as drug cartel purchases, terrorists purchases - weapons, sex trafficking, etc.
or
Maybe the embezzlement of the Bank of Bangladesh at the click of a mouse?
We already witnessed this on 9/11 with the 800 banks in the Twin Towers nightly cash exchange funneled into Allen Dulles' Bank of New York, the harbor of the Russian Mafia at the midnight hour.

Katie Rees concludes"
"Though opinions may vary on cryptocurrency and its future, there's no doubt that digital money, in general, is here to stay."

After the world banking collapse today, I think not. Nobody is going to bail out the EU again.

Tucker, we are listening to Orwellian doublespeak. We are being hoodwinked by Katie Rees with mountains of cute cliches and Meadow Muffins, aka BS.
Tucker, let us take a look at Katie Rees's article... (show quote)


Digital currencies are no better than our fiat currency. Perhaps it is even worse when you don't have control over what you can spend your money on when you want and where you want. It gives the government too much control over the individual person. I'll take gold or silver, real estate, or other precious commodities any day over fiat money.

Reply
May 25, 2023 01:16:30   #
CounterRevolutionary
 
dtucker300 wrote:
Sorry if this confused you. Amazing what one little punctuation mark can do. "One week ago today at Dodger Stadium, and the L.A. County Fairgrounds last Saturday."

This is why I have trouble understanding and deciphering what most people write on OPP because of their imprecise written words which are a result of imprecise thinking. Some of it probably results from trying to type with one's thumbs on a small cell phone screen with auto-correct and auto-complete for many commonly used words.

This reminds me of a book titled "Eat, Shoots, and Leaves." or "Eat Shoots, and Leaves." or "Eat Shoots and Leaves."

1) The ball game was on May 17.
2) The fair, May 20th.
3) I don't care because I won't be going back there for a long time.
4) CA is Eff'd up.
Sorry if this confused you. Amazing what one littl... (show quote)


Ah, ha! It looks like Governor Devin Newsom is extending the COVID19 quarantining of cash and citizens for the sheer delight of power over peons.

Reply
May 25, 2023 01:18:51   #
CounterRevolutionary
 
dtucker300 wrote:
Digital currencies are no better than our fiat currency. Perhaps it is even worse when you don't have control over what you can spend your money on when you want and where you want. It gives the government too much control over the individual person. I'll take gold or silver, real estate, or other precious commodities any day over fiat money.


Very understandable, but barter is greatly facilitated by hard currency - even paper fiat simply because the government cannot punish you for thought crime or being a chocoholic.

Fiat currency still works at the grocery store if the power goes out.

Reply
May 25, 2023 01:21:47   #
dtucker300 Loc: Vista, CA
 
CounterRevolutionary wrote:
Ah, ha! It looks like Governor Devin Newsom is extending the COVID19 quarantining of cash and citizens for the sheer delight of power over peons.


This crap doesn't happen in other counties I've been to. I live in San Diego and have never encountered a situation like this where cash was so roundly not accepted. Sounds like a lawsuit just waiting to happen.

He is Gavin Newsom by the way, Not Devin. CA is Eff'd up. Democrats like to make the rules flying by the seat of their pants, regardless of whether they are beneficial or not. They only love having power and control. Newsom fits this description to a Tee.

Reply
May 25, 2023 01:27:32   #
CounterRevolutionary
 
dtucker300 wrote:
This crap doesn't happen in other counties I've been to. I live in San Diego and have never encountered a situation like this where cash was so roundly not accepted. Sounds like a lawsuit just waiting to happen.

He is Gavin Newsom by the way, Not Devin. CA is Eff'd up. Democrats like to make the rules flying by the seat of their pants, regardless of whether they are beneficial or not. They only love having power and control. Newsom fits this description to a Tee.


Thank you for the correct spelling of the governor. If the Tea Party is still active, the lawsuit is coming.

Reply
May 25, 2023 01:30:12   #
dtucker300 Loc: Vista, CA
 
CounterRevolutionary wrote:
Very understandable, but barter is greatly facilitated by hard currency - even paper fiat simply because the government cannot punish you for thought crime or being a chocoholic.

Fiat currency still works at the grocery store if the power goes out.


Yes, it does. But it won't if there is an EMP that shuts down the entire grid. Our coins used to contain silver and gold in them (dimes, quarters, halves, and dollars) up to 1964. Since then, the value has rapidly decreased due to inflation. What causes inflation? Mostly, when the government prints too much fiat money.

Reply
May 25, 2023 02:07:58   #
CounterRevolutionary
 
dtucker300 wrote:
Yes, it does. But it won't if there is an EMP that shuts down the entire grid. Our coins used to contain silver and gold in them (dimes, quarters, halves, and dollars) up to 1964. Since then, the value has rapidly decreased due to inflation. What causes inflation? Mostly, when the government prints too much fiat money.


Very interesting, do you recall when President Obama withdrew the new Sacagawea dollar and Susan B. Anthony silver dollars - just so he could print more paper fiat? It costs much more to replace worn-out paper money than minted money. The purchasing power of the dollar (under 8 years of Obama bailouts) was devalued to 60 Cents. You might find Neil Borofsky's book "BAILOUT" fascinating.

As the housing market collapsed in late 2008, Borofsky, a gunslinger from the NY Attorney General's office who was chasing the FARCs in Columbia, was next hired by GW Bush to follow the US Treasury's bank reimbursements in the private sector banks to stabilize mortgages.

Borofsky had no handle on the GSE's which were in even bigger financial straights. The Senate demanded progress reports. The biggest snake was Senator Elizabeth Warren who profited enormously from Obama's nationalization of 90% of all US private bank mortgages merged into Fannie Mae and Freddie Mac at the FHA Bank, bundled and traded as hedge funds on Wall Street.

Borofsky quit.

Reply
May 30, 2023 13:51:41   #
dtucker300 Loc: Vista, CA
 
Machines like the one in this picture are popping up all across America.

If you've been to a concert venue, stadium, or airport, you've almost certainly walked by one without knowing.

The experts are calling it a ‘Reverse ATM’.

Restaurants and other businesses are using them to avoid handling cash.



Reply
Aug 1, 2023 13:54:28   #
dtucker300 Loc: Vista, CA
 
CounterRevolutionary wrote:
An open letter to Speaker of the House, Kevin McCarthy:

Attention Speaker Kevin McCarthy
house.leases@mail.house.gov
5/23/2023

Dear Speaker Kevin McCarthy,
Please stop this nonsense of creating a Digital Currency.
This was Nancy Pelosi's scheme. Nancy Pelosi is gone.

The House controls our national purse, not Biden's Executive Branch nor his Executive Orders.

STOP THIS DIGITAL DOLLAR IN ITS TRACKS NOW.

To quote Senator Barry Goldwater, "the government does not belong in the bedroom."

Neither does the government belong in my medicine cabinet,
Nor does the government belong in my refrigerator,
Nor does the government belong my bank account,
Nor does the government belong in my pocketbook.

We do not want one single world currency; we cannot mix apples and oranges. time is money. The economies of socialist slave states produce far less than free men and free market capitalism.

There has to be currency exchanges to differentiate the different values of nation-state production.

Peeing our hard-earned money down an international rat-hole will not eradicate the slavery of socialism. Look at communist China!

President Biden and the Big Banks are creating a national security problem of the highest order by trying to introduce a United Nations NWO Digital Dollar, starvation, war and death.

Socialism does not work; it was never intended to work. Karl Marx was a monster racketeering racist spawning endless wars. Read all his works: his Gotha Report, his Rhenish Gazette, or his 70 volumes of newspaper articles - never translated into Russian or English.

World War 3 is in the making.

Biden and his New world Order are creating economic stagnation and a bottleneck of evolution by forcing our digital-dollar to subsidize death.

We are not a stupid people and cannot stand these insufferable Democrats lying to us!

We must expose and end Biden's slave-state scheming now.

According to our Constitution, the House controls the purse-strings, not the Executive Branch.

The Constitution would have to be amended and ratified by 3/4th of the 50 states = 38 states. It cannot happen via Biden's Executive Order nor the Federal Reserve Bank, nor the United Nations, nor the International Monetary Fund.
An open letter to Speaker of the House, Kevin McCa... (show quote)


https://www.wnd.com/2023/07/watch-man-refuses-accept-stores-cashless-agenda-told-police-way/?utm_source=Email&utm_medium=wnd-newsletter&utm_campaign=dailyam&utm_content=newsletter&ats_es=1a85c2723b642a4cbc29b4df12ae15de&ats_ess=0a3f9f7e88b501dffe195cad2ea5305d7e1afa8ad813d454890a9bf644908c96

WATCH: Man refuses to accept store's cashless agenda, is told 'Police are on their way'
'I've paid my legal tender'
Warner Todd Huston, The Western Journal By Warner Todd Huston, The Western Journal
Published July 31, 2023 at 9:02pm
A man in the United Kingdom entered an Aldi store and immediately became a warrior for freedom by standing against a cashless society as the police were called because he tried to buy some strawberries with hard currency despite the store's ban on cash transactions.

Undated video of the incident shows British activist Piers Corbyn -- brother of the former British Labour Party leader Jeremy Corbyn -- trying to pay for a pint of strawberries with exact change at the Aldi counter, but since the Greenwich store operates entirely on the Aldi App, his money was refused.

Corbyn left the money on the counter anyway, and exited the store with the fruit. Store employees then reported him to police for stealing the produce, according to a report published Monday by the U.K. Independent.

"I'm offering exactly the right amount of money here," Corbyn said before exiting the store. "I've paid my legal tender."

Piers Corbyn pays with cash at a cashless Aldi, this is how you defeat the globalists…🔥 pic.twitter.com/CIgrtNH7ov

— Pelham (@Resist_05) July 31, 2023

TRENDING: One nation where an entrenched leftist is on the way OUT the door

The Independent did not report whether Corbyn was actually arrested.

Starting last year, the Aldi chain began opening a series of cashless outlets in the U.K. One of the reasons was to offer a "touchless" experience in light of the COVID-19 pandemic, which was still ongoing at the time, the BBC reported.

"Retailers are in a race to offer the most frictionless in-store experience - in retail 'no touch' has become the new normal," retail expert Natalie Berg told the BBC.

Is a cashless society a key means for the antichrist forces of this world to control people?
Yes No
Completing this poll entitles you to WND news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.
Aldi's cashless stores were spurred on by similar efforts by Amazon, which is working on implementing its own cashless checkout system with its Amazon One payment system. Whole Foods has already included a "palm payment" option at its more than 500 stores, according to the About Amazon website.

In that system, a computer simply recognizes the palm print of a customer and deletes funds from the appropriate account.

"This means Whole Foods Market customers who choose to use Amazon One will no longer need their wallet or even a phone to pay — they can simply hover their palm over an Amazon One device. For Prime members who link their Amazon One profile with their Amazon account, savings will automatically be applied," the site wrote last week.

Whether or not you support Mr. Corbyn and his personal crusades, you can't fault him for opposing a cashless society that relies solely on digital and Internet-based banking. This is a sure way for governments to take a whole list of freedoms away from citizens.

Last year, the world elites who hope to increase their power over the population were rubbing their hands in glee over the idea of a digital currency that they can control in every degree. In May the World Economic Forum held its annual summit, which convened in Switzerland, and one of the items on the agenda was a world digital currency.

The WEF was pushing its Digital Currency Governance Consortium and wants to implement a cashless society that relies entirely on government agencies and banks, and which would operate on digital currencies issued and controlled solely by governments and central banks.

On its website, the WEF says there are more than 18,000 cryptocurrencies causing chaos and adds that “cryptocurrency regulation is imperative” and that “a globally coordinated approach to regulation is necessary.”

In other words, the WEF says governments and central banks should control all digital crypto transactions. However, that would defeat the purpose that cryptocurrencies were created for in the first place.

Total government control over our means of engaging in commerce and security is already being tagged as a "mark of the beast," referring to the warning in the Bible's Book of Revelation that speaks of the end times.

But it's hard to fault the logic for aspiring tyrants. After all, electronic currencies fully controlled by the government means that you, the citizen, will only have "money" when the government says you do. That also means the government can stop you from using what "money" it claims you have in your account, it can summarily take that money away from you at any time, and can completely control what it is "worth" and what it can buy.

Indeed, such a system would be chimerical in all respects. None of it would be based on anything tangible and would rely on things that can change at the will of those in control. It will have no intrinsic value at all.

Worse, it is the perfect means to control you. With digital currency, the government knows where you are when you are spending it, how much you are spending, and what you are buying. Such information can be used to track you down at a moment's notice and control what you are "allowed" to own.

Did you buy too much food? You'll be shut down. Did you buy a gun or ammo? You'll be put on a watch list. Did you buy a book the elites don't like? You'll be branded an "insurrectionist." And in all cases, your whereabouts are pinpointed any time the government feels that you need to be taken into custody.

China already has a digital currency and bans the use of other cryptocurrencies, and the Biden administration is also working to implement such a system.

So, whether you are a fan of Britain's Piers Corbyn or not, he certainly has a point about the dangers of the surveillance state taking control of our currency. For all lovers of freedom, the whole thing should be a hard "no."

Reply
Aug 2, 2023 22:07:05   #
CounterRevolutionary
 
dtucker300 wrote:
https://www.wnd.com/2023/07/watch-man-refuses-accept-stores-cashless-agenda-told-police-way/?utm_source=Email&utm_medium=wnd-newsletter&utm_campaign=dailyam&utm_content=newsletter&ats_es=1a85c2723b642a4cbc29b4df12ae15de&ats_ess=0a3f9f7e88b501dffe195cad2ea5305d7e1afa8ad813d454890a9bf644908c96

WATCH: Man refuses to accept store's cashless agenda, is told 'Police are on their way'
'I've paid my legal tender'
Warner Todd Huston, The Western Journal By Warner Todd Huston, The Western Journal
Published July 31, 2023 at 9:02pm
A man in the United Kingdom entered an Aldi store and immediately became a warrior for freedom by standing against a cashless society as the police were called because he tried to buy some strawberries with hard currency despite the store's ban on cash transactions.

Undated video of the incident shows British activist Piers Corbyn -- brother of the former British Labour Party leader Jeremy Corbyn -- trying to pay for a pint of strawberries with exact change at the Aldi counter, but since the Greenwich store operates entirely on the Aldi App, his money was refused.

Corbyn left the money on the counter anyway, and exited the store with the fruit. Store employees then reported him to police for stealing the produce, according to a report published Monday by the U.K. Independent.

"I'm offering exactly the right amount of money here," Corbyn said before exiting the store. "I've paid my legal tender."

Piers Corbyn pays with cash at a cashless Aldi, this is how you defeat the globalists…🔥 pic.twitter.com/CIgrtNH7ov

— Pelham (@Resist_05) July 31, 2023

TRENDING: One nation where an entrenched leftist is on the way OUT the door

The Independent did not report whether Corbyn was actually arrested.

Starting last year, the Aldi chain began opening a series of cashless outlets in the U.K. One of the reasons was to offer a "touchless" experience in light of the COVID-19 pandemic, which was still ongoing at the time, the BBC reported.

"Retailers are in a race to offer the most frictionless in-store experience - in retail 'no touch' has become the new normal," retail expert Natalie Berg told the BBC.

Is a cashless society a key means for the antichrist forces of this world to control people?
Yes No
Completing this poll entitles you to WND news updates free of charge. You may opt out at anytime. You also agree to our Privacy Policy and Terms of Use.
Aldi's cashless stores were spurred on by similar efforts by Amazon, which is working on implementing its own cashless checkout system with its Amazon One payment system. Whole Foods has already included a "palm payment" option at its more than 500 stores, according to the About Amazon website.

In that system, a computer simply recognizes the palm print of a customer and deletes funds from the appropriate account.

"This means Whole Foods Market customers who choose to use Amazon One will no longer need their wallet or even a phone to pay — they can simply hover their palm over an Amazon One device. For Prime members who link their Amazon One profile with their Amazon account, savings will automatically be applied," the site wrote last week.

Whether or not you support Mr. Corbyn and his personal crusades, you can't fault him for opposing a cashless society that relies solely on digital and Internet-based banking. This is a sure way for governments to take a whole list of freedoms away from citizens.

Last year, the world elites who hope to increase their power over the population were rubbing their hands in glee over the idea of a digital currency that they can control in every degree. In May the World Economic Forum held its annual summit, which convened in Switzerland, and one of the items on the agenda was a world digital currency.

The WEF was pushing its Digital Currency Governance Consortium and wants to implement a cashless society that relies entirely on government agencies and banks, and which would operate on digital currencies issued and controlled solely by governments and central banks.

On its website, the WEF says there are more than 18,000 cryptocurrencies causing chaos and adds that “cryptocurrency regulation is imperative” and that “a globally coordinated approach to regulation is necessary.”

In other words, the WEF says governments and central banks should control all digital crypto transactions. However, that would defeat the purpose that cryptocurrencies were created for in the first place.

Total government control over our means of engaging in commerce and security is already being tagged as a "mark of the beast," referring to the warning in the Bible's Book of Revelation that speaks of the end times.

But it's hard to fault the logic for aspiring tyrants. After all, electronic currencies fully controlled by the government means that you, the citizen, will only have "money" when the government says you do. That also means the government can stop you from using what "money" it claims you have in your account, it can summarily take that money away from you at any time, and can completely control what it is "worth" and what it can buy.

Indeed, such a system would be chimerical in all respects. None of it would be based on anything tangible and would rely on things that can change at the will of those in control. It will have no intrinsic value at all.

Worse, it is the perfect means to control you. With digital currency, the government knows where you are when you are spending it, how much you are spending, and what you are buying. Such information can be used to track you down at a moment's notice and control what you are "allowed" to own.

Did you buy too much food? You'll be shut down. Did you buy a gun or ammo? You'll be put on a watch list. Did you buy a book the elites don't like? You'll be branded an "insurrectionist." And in all cases, your whereabouts are pinpointed any time the government feels that you need to be taken into custody.

China already has a digital currency and bans the use of other cryptocurrencies, and the Biden administration is also working to implement such a system.

So, whether you are a fan of Britain's Piers Corbyn or not, he certainly has a point about the dangers of the surveillance state taking control of our currency. For all lovers of freedom, the whole thing should be a hard "no."
https://www.wnd.com/2023/07/watch-man-refuses-acce... (show quote)


Crypto currencies are tools for money laundering dope, something the Clintons and Bidens have insisted upon - profits from poisoning our children. Seek out good banks that refuse all crypto currencies. And yes, pay in cash whenever you can.

Reply
 
 
Aug 3, 2023 01:08:04   #
dtucker300 Loc: Vista, CA
 
CounterRevolutionary wrote:
Crypto currencies are tools for money laundering dope, something the Clintons and Bidens have insisted upon - profits from poisoning our children. Seek out good banks that refuse all crypto currencies. And yes, pay in cash whenever you can.


I have no problem paying with a credit/debit card/check/etc. But it's my choice. If you are not allowed to pay in cash, don't patronize the establishment and make it clear to everyone associated with them why.

U.S. Currency says right on it " THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE ".
Either it is a legal tender or we no longer have a legitimate government. I can understand sending a check in lieu of sending cash in the mail because it can be lost or stolen. But when dealing in a face-to-face transaction there is no excuse to refuse cash. The burden should be on the business to hire honest people and have accounting methods that can deal with cash transactions because these no-cash transactions have become far too rampant. The only reason the government doesn't like cash transactions is that they can't audit every one of them and receive taxes. Send those 85,000 new IRS agents out to audit street vendors and such down if they are not reporting income, instead of going after the law-abiding tax-paying citizens who file returns on their income.

Reply
Aug 4, 2023 00:39:51   #
CounterRevolutionary
 
dtucker300 wrote:
I have no problem paying with a credit/debit card/check/etc. But it's my choice. If you are not allowed to pay in cash, don't patronize the establishment and make it clear to everyone associated with them why.

U.S. Currency says right on it " THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE ".
Either it is a legal tender or we no longer have a legitimate government. I can understand sending a check in lieu of sending cash in the mail because it can be lost or stolen. But when dealing in a face-to-face transaction there is no excuse to refuse cash. The burden should be on the business to hire honest people and have accounting methods that can deal with cash transactions because these no-cash transactions have become far too rampant. The only reason the government doesn't like cash transactions is that they can't audit every one of them and receive taxes. Send those 85,000 new IRS agents out to audit street vendors and such down if they are not reporting income, instead of going after the law-abiding tax-paying citizens who file returns on their income.
I have no problem paying with a credit/debit card/... (show quote)


DTucker, when we destroy real cash, then the government (or anyone else) can steal the entire GDP with the click of a mouse. The House of Representatives controls the purse strings. This is where Republicans must hold on through the next decade.

The government wants control over who lives and who dies.

Reply
Aug 4, 2023 02:35:43   #
pescado rojo
 
CounterRevolutionary wrote:
DTucker, when we destroy real cash, then the government (or anyone else) can steal the entire GDP with the click of a mouse. The House of Representatives controls the purse strings. This is where Republicans must hold on through the next decade.

The government wants control over who lives and who dies.


I contacted my Congresscritter on this matter and was informed that the House bill to stop cbdc, (Central Bank Digital Currency) is H.R. 1122 and was currently stuck in committee. If your own representative is a Republican, you might demand they tell you why this bill, which could stop the digital rollout, is being held up in a Republican controlled committee? I smell a rat.

Reply
Aug 4, 2023 03:28:56   #
CounterRevolutionary
 
pescado rojo wrote:
I contacted my Congresscritter on this matter and was informed that the House bill to stop cbdc, (Central Bank Digital Currency) is H.R. 1122 and was currently stuck in committee. If your own representative is a Republican, you might demand they tell you why this bill, which could stop the digital rollout, is being held up in a Republican controlled committee? I smell a rat.


This is what is listed in the Congressional Record:
[Congressional Record Volume 169, Number 34 (Tuesday, February 21, 2023)]
https://www.bing.com/search?q=Central+Bank+digital+currency+H.R.+1122&qs=n&form=QBRE&sp=-1&lq=0&pq=central+bank+digital+currency+h.r.+1122&sc=8-39&sk=&cvid=B1F4C4FD3352472DA880A4B31326812A&ghsh=0&ghacc=0&ghpl=&ntref=1

Bills & Resolutions / H.R.1122 (118th)
H.R. 1122: CBDC Anti-Surveillance State Act
To amend the Federal Reserve Act to prohibit the Federal reserve banks from offering certain products or services directly to an individual, to prohibit the use of Central Bank Digital Currency for monetary policy, and for other purposes.

The summary below was written by the Congressional Research Service, which is a nonpartisan division of the Library of Congress, and was published on May 23, 2023.

CBDC Anti-Surveillance State Act

This bill limits the ability of the Federal Reserve to (1) provide direct services to individuals, and (2) use a central bank digital currency. A central bank digital currency is a digital currency (e.g., Bitcoin or Ether) issued by a government-backed central bank.

Specifically, the bill prohibits the Federal Reserve and the Federal Open Market Committee from using any central bank digital currency to implement monetary policy. In addition, a Federal Reserve bank is prohibited from offering products or services directly to an individual, maintaining an account on behalf of an individual, or issuing a central bank digital currency directly to an individual.

The Federal Reserve must (1) consult with each Federal Reserve bank with respect to any central bank digital currency study or pilot program, and (2) issue quarterly reports on the findings and determinations of any such study or program.

The bill’s titles are written by its sponsor.
Tom Emmer Representative for Minnesota's 6th congressional district. Republican.
Sponsor and status
Introduced
Feb 21, 2023
118th Congress (2023–2025)
Status
Introduced on Feb 21, 2023

This bill is in the first stage of the legislative process. It was introduced into Congress on February 21, 2023. It will typically be considered by committee next before it is possibly sent on to the House or Senate as a whole.

Other activity may have occurred on another bill with identical or similar provisions.

Cosponsors
46 Cosponsors (46 Republicans)

Prognosis
3% chance of being enacted (details)
Source
Congress.gov
Prognosis Details

This bill has a . . .

10% chance of getting past committee.
3% chance of being enacted.

Only 11% of bills made it past committee and only about 2% were enacted in 2021–2023.

Factors considered:
↑The bill was introduced in the first 90 days of the Congress.
↑The bill was introduced in the first year of the Congress.
↑The sponsor is on a committee to which the bill has been referred, and the sponsor is a member of the majority party.
↓At least two cosponsors serve on a committee to which the bill has been referred.
These factors are correlated with either an increased or decreased chance of being enacted.

[Congressional Record Volume 169, Number 34 (Tuesday, February 21, 2023)]
https://www.bing.com/search?q=Central+Bank+digital+currency+H.R.+1122&qs=n&form=QBRE&sp=-1&lq=0&pq=central+bank+digital+currency+h.r.+1122&sc=8-39&sk=&cvid=B1F4C4FD3352472DA880A4B31326812A&ghsh=0&ghacc=0&ghpl=&ntref=1
[House]
From the Congressional Record Online through the Government Publishing Office [www.gpo.gov]
By Mr. EMMER:
H.R. 1122.
Congress has the power to enact this legislation pursuant
to the following:
Article 1, Section 8 of the U.S. Constitution
The single subject of this legislation is:
This bill concerns central bank digital currencies.
[Page H867]

About Constitutional Authority and Single Subject Statements

Pursuant to clause 7(c) of House Rule XII and Section 3(c) of 118th Congress H.Res. 5, Rule XII, to be accepted for introduction by the House Clerk, all bills (H.R.) and joint resolutions (H.J.Res.) must provide a document stating “a statement setting forth the single subject of the bill or joint resolution” and "as specifically as practicable the power or powers granted to Congress in the Constitution to enact the bill or joint resolution."

Perhaps the stumbling block is that the bill could not clear the Senate which majority is still held by the Democrats who have an affinity for stealing time, labor and money from the poor by incessantly devaluing the currency. Are we to be stuck on the government plantation forever? Are we to recognize BitCoin and other crypto currencies as legitimate drug cartel profits to profit from poisoning our children? Entire national economies will crash overnight - in fact they already have.

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