Joe Biden has one plan to eliminate the U.S. dollar that will put your jaw on the floor

Photo by Engin Akyurt via Unsplash

Joe Biden’s time in office has seen him try and impose one lawless power grab after another on the American people.

This may be the worst one yet.

And now Joe Biden has one plan to eliminate the U.S. dollar that will put your jaw on the floor.

Joe Biden threatens to ban paper money

Neither the Biden administration nor the Federal Reserve ruled out forcing every American to ditch the dollar for a central bank digital currency (CBDC).

A CBDC would replace paper money and force every American to use a digital currency issued by the United States Government.

Sen. Ted Cruz (R-TX) led a group of Republican Senators introducing the CBDC Anti-Surveillance State Act which would ban the Federal Reserve from issuing a CBDC without an act of Congress.

Cruz and his allies warned that President Joe Biden issuing a CBDC would allow the government unprecedented powers to spy on Americans and impose financial sanctions on political opponents.

“The Biden administration salivates at the thought of infringing on our freedom and intruding on the privacy of citizens to surveil their personal spending habits, which is why Congress must clarify that the Federal Reserve has no authority to implement a CBDC. I’m proud to lead the fight in the Senate to restrict the Federal Reserve’s exploration of and attempt to introduce a CBDC to the American economy,” Cruz stated.

“From Operation Chokepoint to recent reports of political and religious profiling by FinCEN, it is clear that government bureaucrats have been far too willing to exploit the financial system to advance political agendas and target Americans. This bill blocks the issuance of a central bank digital currency, preventing CBDC from being used as a tool to surveil and violate Americans’ privacy,” Sen. Bill Haggerty (R-TN) added.

“As Americans face the prospect of an increasingly weaponized government, ensuring financial privacy is pivotal. A CBDC would open the door for the federal government to surveil and control the spending habits of all Americans. Any push to establish a CBDC must be confronted and stopped, and that’s why I’m proud to join Senator Cruz’s effort to do just that,” Sen. Ted Budd (R-NC) added.

CBDC threatens American freedom

Following the events of January 6, the Biden administration instructed financial institutions to flag transactions using keywords like “MAGA,” “Kamala,” and “Trump.”

Americans who purchased a Bible were also flagged as suspicious. 

A CBDC would allow the government to circumvent the banks and monitor all transactions from every American as the government would be in control of the software that processes the purchases.

The Biden administration issuing a CBDC would also open the door to the government shutting down the bank accounts of “domestic extremists” – i.e. Trump supporters – as the government would claim an interest in clamping down on political violence and terrorism.

Republicans recognize a CBDC as one of the greatest threats to civil liberties and freedom a weaponized government like the one Joe Biden oversees could hold over the heads of the American people.

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