Opposition to having a Central Bank Digital Currency (CBDC) imposed on Americans is growing.
Along with privacy issues, having dollars replaced by a digital currency can put people's life and retirement saving in jeopardy with a push of a button.
One congressman has introduced a bill to block CBDCs.
Money Metals Exchange reported:
In recent days, sound money champion Congressman Alex Mooney (R-WV) introduced H.R. 3712, the Digital Dollar Pilot Prevention Act – legislation that would block the Fed from unilaterally pursuing any form of central bank digital currency (CBDC) scheme.
"Congress cannot give an inch when it comes to CBDCs. CBDCs would threaten the liberties of law-abiding Americans and are being used by authoritarian countries right now to crack down on dissent," said Rep. Mooney.
Rep. Alex Mooney (R-WV) is now running for U.S. Senate
H.R. 3712 is the latest in a growing backlash to central planners' designs to further centralize government control of currencies, including creating a greater ability to track all financial transactions, disallowing certain types of purchases, and even outright "turning off" a targeted individual's access to money.
Rep. Mooney's bill defines "central bank digital currency" as "a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the Federal Reserve."
People should contact their representative and urge them to support Mooney's bill.
To read more, go here.
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