Last week President Joe Biden signed a whopping $1.2 trillion omnibus spending package on Saturday, March 23rd, that will fund the government for months into the future, after the Congress and Senate were able to quickly pass the bill before the government had to shut down.
The bill, however, was thrown together and unveiled at the last minute and contained a mammoth 1,012 pages, making it impossible for it to be carefully read in time for the vote.
The package, H.R. 2882, which can be read in full here, was said to have contained a number of amendments introduced by some House Republicans, but were ultimately cut before the final bill was voted upon.
One of those, according to Representative Andrew Clyde (R-GA), included a stipulation that would have prevented funds allocated to the creation of a central bank digital currency (CBDC), and would have prevented the phasing-out of paper tender.
SEC. 131. None of the funds made available by this Act may be used by the Department of the Treasury to establish a United States Central Bank Digital Currency or discontinue circulation or use of paper currency as legal tender in the United States.
The provision that was cut from the passed bill
Now that these conditions have been removed it provides a scapegoat for federal funds to be spent on further research & development in the creation of a CBDC, along with shrinking the physical money supply of paper cash.
Though the Federal Reserve and Head Chair Jerome Powell have been wishy-washy about implementing a CBDC, the Feds recently indicated that a CBDC is one of their top priorities including FedNow, which was disclosed during a Senate Banking Committee meeting earlier this March…
READ FULL ARTICLE HERE… (winepressnews.com)
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