House passes bill banning the CBDC

House passes bill banning the CBDC

Mario Nawfal

@MarioNawfal

BREAKING: CONGRESS WANTS TO ABOLISH THE FEDERAL RESERVE In a groundbreaking move, the "Federal Reserve Board Abolition Act" aims to dismantle the Federal Reserve System, shaking up the financial world! Introduced by Rep. Thomas Massie, this bill calls for the complete abolition of the Board of Governors and all Federal Reserve banks within a year. Rep. Massie: "Americans are suffering under crippling inflation, and the Federal Reserve is to blame. During COVID, the Federal Reserve created trillions of dollars out of thin air and loaned it to the Treasury Department to enable unprecedented deficit spending.  By monetizing the debt, the Federal Reserve devalued the dollar and enabled free money policies that caused the high inflation we see today. Monetizing debt is a closely coordinated effort between the White House, Federal Reserve, Treasury Department, Congress, Big Banks, and Wall Street. Through this process, retirees see their savings evaporate due to the actions of a central bank pursuing inflationary policies that benefit the wealthy and connected. If we really want to reduce inflation, the most effective policy is to end the Federal Reserve."