Nullify the Fed | Central Bank Digital Currency (CBDC) | NORTH CAROLINA
Take Action Today
STATUS: Passed House on May 3, 2023.
Currently in the Committee on Rules and Operations of the Senate.
Action Steps:
1. Contact your State Senator.
Be firm, but professional. Urge them to cosponsor and support H690.
Find your NC state senator at this link.
2. 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.
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.