Nullify the Fed | Central Bank Digital Currency (CBDC) | ARKANSAS
Take Action Today
1. Get a copy of similar legislation, already signed as law in other states.
download it here (pdf)
2. Send it to your state representative AND state senator
Be firm, but courteous. Encourage them to introduce the legislation
Find contact info here
3. Share this information widely.
Current Law
Arkansas Gov. Sarah Huckabee Sanders signed a bill into law that prohibits tracking an Individual through the use of digital currency without a warrant in most cases.
Rep. Robin Lundstrum (R) and Sen. Jonathan Dismang (R) introduced House Bill 1720 (HB1720) . The law prohibits using a “digital currency tracker” to track an individual’s purchases or location through the use by an individual of digital currency without a warrant or unless the individual consents to the tracking. The law explicitly states that digital currency includes central bank digital currency (CBDC).
On April 5, the Senate passed HB1720 by a 32-0 vote. The House previously passed HB1720 by a 96-0 vote. On Apr. 11, Sanders signed it as law and it goes into effect 90 days after the close of the legislative session, which was Apr 7, 2023.
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.