New Law in Alabama Blocks CBDC's

June 23, 2023 | Image source

The Alabama governor signed into law SB330, which was passed by the House and Senate: “Relating to Central Bank Digital Currency; to prohibit governmental agencies from using this type of currency as payment and from participating in testing the use of this currency by the Federal Reserve.”

Alabama’s SB330 places some roadblocks in front of federal efforts to implement a Central Bank Digital Currency, aka, financial enslavement of Americans.

In SB330, CBDC is defined as, “A digital currency, a digital medium of exchange, or a digital monetary unit of account issued by the United States Federal Reserve System or a federal agency which is made directly available to a consumer by such entities.”

Indiana and Florida have also enacted laws banning the use of CBDC’s as money in their states.

In describing the threat of Central Bank Digital Currencies (CBDC’s) and the installation of a digital prison, Catherine Austin Fitts explains, “unless we have a sovereign state government, protecting sovereign individuals who are free to transact, including transact privately, you know, without invasive technology, we will have no sovereignty and then you’re talking about 100% central control by the bankers…we’re talking about a technology that in combined with other systems, can turn your home, your car and your community into a digital concentration camp. We’re talking about the end of human freedom and centrally controlled, through the financial system. So we must have states and citizens and with them community banks and other financial institutions that have the ability to protect free transactions.” LINK

Alabama Joins Pushback Against a Central Bank Digital Currency | SchiffGold