Nullify the Fed | Central Bank Digital Currency (CBDC) | ALABAMA

Take Action Today

Alabama House Bill 408 (HB408) would explicitly exclude a CBDC from the definition of money in Alabama, effectively banning its use as such in the state. Under the Alabama Uniform Commercial Code (UCC), “money” means “a medium of exchange currently authorized or adopted by a domestic or foreign government. The term includes a monetary unit of account established by an intergovernmental organization or by agreement between two or more countries.”

HB408 would add “the term does not include a central bank digital currency” to that definition. (learn more here)

Action Steps:

1. Contact the Chair of the House Financial Services Committee.
Be firm, but professional. Let him know you’d like to see a hearing and vote on HB408 asap.
contact info here.

2. Contact all other members of the House Financial Services Committee.
Be firm, but professional. Let them know you support HB408 and want to see them vote YES when it comes up for consideration.
Find committee members at this link.

3. Share this information widely.

Current Law

No law has been passed in the state to address a CBDC.

Learn More Here

A Central Bank Digital Currency would be incredibly dangerous to the economy, the constitution - and your liberty. Although it might seem inevitable, it can be stopped. Learn more below.

Watch This

James Madison vs a Central Bank Digital Currency

States and individuals can stop a CBDC. It’s going to take hard work - and good strategy. The latter, we’ve got from the “father of the Constitution” - who gave us a four-step blueprint to stop federal programs without relying on the federal government to magically limit its own power. (podcast here)

Essential Reading

Digital Tyranny: Beware of the Government’s Push for a Digital Currency

A government-issued digital currency will give the government the ultimate control of the economy and complete access to the citizenry’s pocketbook. While the government might tout the ease with which it can deposit stimulus funds into the citizenry’s accounts, such a system could also introduce what economists refer to as “negative interest rates.” Instead of being limited by a zero bound threshold on interest rates, the government could impose negative rates on digital accounts in order to control economic growth.

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Article by John Whitehead Here

Central Bank Digital Currency: Paper Money isn’t the Solution

Physical paper money solves some of the privacy and security issues inherent in central bank digital currencies (CBDCs). But a lot of people seem to have forgotten that government-issued paper fiat is the parent of a CBDC, and it won’t solve the more fundamental problem – whether physical or digital, fiat currency isn’t real money.

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Article by Mike Maharrey Here