Good Legislation Passes the Georgia House!

HB1053, Sponsored by Representative Carter Barrett and Others, Is Model Legislation

It is not often I shower approval for legislation sponsored by our representatives and senators at the Georgia General Assembly, but this morning I break tradition.

Over a decade ago, overcoming every enticing reason to stay home and enjoy my evenings, when asked to speak on the following subject I made it a point never to say no, striking out in the night for various destinations around Georgia to educate concerned citizens about the true source of America’s national debt, that source being the Federal Reserve Central Banking System. It is that system, not government borrowing and spending per se, which causes the debt. Our entire money supply is BORROWED INTO CIRCULATION FROM PRIVATE BANKS. The necessity for our federal government to borrow new money, at interest, and spend it into circulation is just how the system works. That is how the government continues to liquefy the wealth transfer system they call the American economy. In this system, Government borrowing and spending is “baked in the cake.” The system cannot operate with out it. The more money the issuers loan into the system, the more wealth the system transfers back into their hands. Now you know why the Fed has an inflation target. Under this system, if the government does not borrow and spend more and more, the economy deliquefies, a recession soon begins, followed by a depression, at which time the only thing that might halt economic degradation would be a resumption of government spending.

The Cause of the Great Depression Was a Lack of Liquidity. The Cure Was Government Spending

There is much more to know than that, and I have spent many, many hours explaining the system, both in-person to groups, and also writing about it here and other places. You will find a wealth of easily-understandable information on the Federal Reserve here on my Substack. The only thing I want you to necessarily take away right now is the fact that our money system is privately owned, has private beneficiaries who are not “we the people,” and that their motives extend well beyond transferring wealth from the American people to themselves.

It is not enough for the people who own and operate the system to economically enslave the citizens whose hard work drives the economy. It is not enough for those owners to bleed America dry of its wealth, using the power of the US Government to collect the the debt service on the American money supply using the power to tax income. Indeed, the digital age has brought about an ability for those who own and operate the system to use it as a weapon to control the behavior of entire populations. The tool they would like to use would be Central Bank Digital Currency, or CBDC.

CBDC is really quite simple, but the government will never explain it for what it is. Don’t waste your time looking up government definitions. CBDC is NOT a Bitcoin knockoff or competitor. CBDC is NOT blockchain technology. A CBDC system would work transparently to the way you perceive our financial system works today, except that CBDC is what one might think of as SMART money, PROGRAMMABLE money. CBDC dollars have digital “attributes.” By that I mean that those who control and issue the money can program it, just like they might program a computer. CBDC is nothing but software anyway. The controllers who issue CBDC might decide that the population should not purchase certain items, or should not buy from certain stores. Should that be the case, the controllers of the currency could program attributes into the system such that those dollars could not be used to buy certain items or make purchases in certain locations. Should the government decide to stop allowing the purchase of firearms, for example, they could do that without a constitutional amendment. They would simply program the money such that it would not work in gun stores. And because the system is actually privately-owned, the government would argue disallowing gun purchases would not violate the 2nd Amendment.

So, you should be able to understand why a CBDC economy would soon enslave an entire population and force its members to behave in ways the system’s operators desire. In certain cases, CBDC purchases might require pairing with a biometric ID. The operators of the system could restrict any kinds of purchases, even food, from being transacted. The system could be used to punish political dissent. One universal characteristic of CBDC is that it has no good applications, only evil ones. And because there is no depth to which evil will not sink, there are no evil purposes CBDC might not be used to help carry out.

All that I describe is why Georgia House Rep. Carter Barrett (GA-24) and others below have sponsored HB1053, a bill written to “prohibit governmental agencies from using central bank digital currency as payment and from participating in testing the use of such currency.” That is so simple. The largest single purchaser and spender in Georgia is state government. While state government might not be able to outlaw the use of CBDC within Georgia’s boundaries, it can certainly decide whether to use CBDC in its own transactions. Should other state governments use HB1053 as a template to enact their own in-state prohibitions, CBDC would not be able to replace our present currency system, a system which is evil enough as it is.

HB1053 is very simple, only two pages. Section 1 accurately describes why CBDC is inherently bad for those forced to use it:

Section 2 simply prohibits the State of Georgia from using it:

So, there you go. Almost miraculously, good legislation has made its way into this year’s Georgia General Assembly. And by the grace of God, and hard work by its sponsors, this week HB1053 passed the Georgia House and has been sent for consideration by the Senate.

HB1053 is non-partisan. Individuals of every color, creed and national origin can, and would be enslaved by a CBDC financial system. I thank its sponsors and look forward to seeing it pass the senate. As HB1053 goes to committee, I will let you know and ask for your assistance to get it passed to the floor for a vote.