Posted on 05/24/2024 11:45:08 AM PDT by SeekAndFind
The House of Representatives on Thursday voted along bipartisan lines to advance legislation blocking the Federal Reserve from creating its own central bank digital currency (CBDC).
Three Democrats joined all Republicans in voting for the bill — moderate Reps. Jared Golden, D-Maine., Mary Peltola, D-Alaska, and Marie Gluesenkamp Perez, D-Wash.
The CBDC Anti-Surveillance State Act was led by House Majority Whip Tom Emmer, R-Minn., and backed by Republican members of the House Financial Services Committee.
If passed in both chambers of Congress, the bill would be a significant step toward curbing the federal government's ability to regulate cryptocurrency, but it's not clear if it will be taken up in the Democrat-controlled Senate.
"For more than two years, we have worked to educate, grow support, and pass this important legislation, which prevents unelected bureaucrats from issuing a financial surveillance tool to fundamentally undermine our American values," Emmer told Fox News Digital.
“My legislation ensures that the United States' digital currency policy remains in the hands of the American people, so that any development of digital money reflects our values of privacy, individual sovereignty and free market competitiveness. This is what the future global digital economy needs."
(Excerpt) Read more at foxbusiness.com ...
Watched the debate on this bill. The most interesting part, aside from the general stupidity demonstrated by the opposition and the obviousness that they wanted a Federal digical currency like China’s, was the great difficulty that all House Members had pronouncing “CBDC” without stumbling.
CBDC gives me the Hee-Bee-Geebies.
Democrats are stuck on stupid.
[CBDC]
This video is actually worth watching the portion I recommend - this ain’t going away
Biden already signed EO 14067 March 9, 2022.
The Digital Dollar will save us! Yeah, That’s the ticket!
(worth it to watch just the first 17 minutes - there will be no way to “prosper”, though)
Yes, I recommend watching the first 17 minutes of this video
The Jim Rickards Commercial - Jul 5, 2022
https://youtu.be/fCfzQNhi_ns?t=0
(Google’s YouTube, amazingly, kept popping this up on my recommended playlist on the side - so I finally watched the beginning of it - ignore the sales pitch and watch the first part I recommended above)
It’s a good thing that Congress didn’t get a vote on the creation of the Internet. Digital currency is the future and many countries will adopt it.
This will come to virtually every nation on Earth, including the United States of America (IMHO)
Woman Visiting China Can’t Buy Food Due to Digital ID Policy - Facial Recogntion Required
China...No Digital ID...Can’t buy food! (1 minute 20 seconds)
https://www.youtube.com/watch?v=f6diM6X2A8E
The day before, the House passed a resolution supporting private research into digital currencies, for that very reason.
If you think the Fed is a problem now, just wait until they can control micromovements of currency through CBDCs.
So does that mean at the moment the Federal Reserve does have the power to create a central bank digital currency without any further authorization from Congress?
Man..! If this doesn’t show us who really wants to destroy this nation, nothing else could possible do it.
Newsflash: The dollar has been a digital currency since the 1970’s.
“CBDC gives me the Hee-Bee-Geebies.”
You and I both. But for everyone of those like us there are a hundred who welcome it because it will be “so convenient” and they are too lazy to even count cash or change.
It will succeed because of pure human laziness. We are going to enslave ourselves with personal convenience. And folks are just too stupid to see it.
WHO WAS THE SMARTEST MAN IN THE WORLD?
4 MINUTE VIDEO: https://www.bitchute.com/video/38fjhNXh5fj9/
PLEASE SHARE THIS WITH OTHERS WHO SHARE OUR – AND THIS FOUNDER’S — CONCERNS!
“A central bank digital currency is essentially a government form of company scrip,”
ABSOLUTELY! The song “Sixteen Tons” is about to become very relevant again...
“You load sixteen tons, what do you get?
Another day older and deeper in debt
Saint Peter don’t you call me, ‘cause I can’t go
I owe my soul to the company store”
https://genius.com/Tennessee-ernie-ford-sixteen-tons-lyrics
Thank you...
Thank You...
Wait and see what happens during our next financial crisis.Loss of 401Ks, Pensions, Savings, etc…will inspire fear, then .gov steps in with CBDC’s….the masses will buy into it- just like the Covid hoax.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.