References
- The American Institute for Economic Research, July 5, 2021: To CBDC or Not to CBDC?
- DAILY GOLD INDEX, August 7, 2023: Biden to replace dollar with digital “spyware” currency? Biden Signs order for 24-7 Surveillance of all US Citizens? Transcript
Definitions
Capitalism is the natural exchange of goods and services between willing sellers and willing buyers who agree on the price of those goods and services. This natural system rewards creativity and productivity. This system has been in play since the dawn of mankind.
Socialism is a theoretical financial system in which citizens own private property, but the government dictates how the property is used. This system promotes equity between all citizens and enforces equal outcomes for all persons except the oligarchs, who are exempt from the rules imposed on the people.
Communism is a theoretical financial system similar to socialism, except the government owns all property and gives permission to qualified persons to use state-owned properties. This system promotes equity between all citizens and enforces equal outcomes for all persons except the oligarchs, who are exempt from the rules imposed on the people.
Communism and socialism are theoretical because, after over 106 years of application, they have never proven to work for the benefit of all of the citizens subject to them. Both ideas were the product of Karl Marx, a German philosopher and economist, in 1848. Marx is considered the Father of Communism.
Benjamin Franklin Warned: We have a Republic if we can keep it.
As was the case in 1917 Russia, socialism in the United States is an increasingly popular topic. Learn more from the Encyclopedia Britannica, Pro and Con: Socialism in the United States.
The big push for socialism in the United States began after the election of President Barack Obama, whose parents were communists, and his grandparents who raised him were communists. Communist Frank Marshal mentored Barack Obama in Hawaii. Radical leftist community organizer Saul Alinsky’s book Rules for Radicals: A Pragmatic Primer for Realistic Radicals. Read, research, or download this from the U.S. Archives.
A Central Bank Digital Currency is spyware, a means for tracking and forcing your behavior.
Barack Obama endorsed the election of Joe Biden to the presidency, saying, “Joe and the administration are essentially finishing the job.” What was ‘the job’? In November 2008, candidate Barack Hussein Obama declared to his supporters, “We are five days from fundamentally transforming America.“
What is the promised transformation? Changing our nation from a constitutional republic to a top-down socialist state.
The Central Bank Digital Currency: CBDC
Joe Biden published his Executive Order 14067 on March 9, 2022. The title of this EO is Ensuring Responsible Development of Digital Assets.
Section 4 sets the stage for…
- Legal government surveillance of all US citizens…
- Total control over your bank accounts and purchases…
- And the ability to silence all dissenting voices for good.
The term equity is used four times; inclusion six times; crime nine times; illicit finance 10 times; illicit financing five times; regulation nine times; law enforcement six times.
I oppose the CBDC, which will enforce the ESG socialistic system of censorship and control similar in all respects to the CBDC of Communist China.
Read and download the full text of the executive order.
Recourse
Sec. 10 (b) is the key clause to prevent the takeover of our money by the federal government. I quote:
“This order shall be implemented consistent with applicable law and subject to the availability of appropriations.” If the House does not fund it, it will not happen.
I will ask my Congressman Pat Fallon to oppose funding for this action to create a central bank digital currency.
John White
Rockwall, Texas
John N. White 