Popular Articles
Today Week Month Year


State legislatures are sneakily introducing amendments to laws that would pave the way for CBDC domination
By Arsenio Toledo // Mar 17, 2023

Legislatures in 23 states and the District of Columbia are currently deliberating bills that would introduce central bank digital currencies (CBDCs) into their jurisdictions.

This is due to the appearance of bills introducing the Uniform Commercial Code (UCC). These bills would standardize state laws and regulations for transacting business. Theoretically, the UCC would make it increasingly easier for companies to transact business across state lines as it would make it easier for states to harmonize laws regulating businesses. (Related: Coming economic collapse will be used to close banks and introduce central bank digital currencies.)

The UCC was introduced by a group known as the Uniform Law Commission, a Chicago-based non-profit organization that dedicates itself to drafting laws that, if passed by states, would harmonize regulations across state lines.

Last year, the ULC recommended that states overhaul their UCC supposedly to introduce a new article that will deal with digital assets such as digital currencies.

At face value, the amendments seek to solve the ways digital currencies differ from the traditional U.S. dollar, including governing how digital currencies can be controlled and transferred. But it also makes it harder to complete transactions with digital currencies if these assets come from insecure creditors, making it virtually impossible for any digital asset other than one backed by the Federal Reserve to be used in transactions.

As Attorney Thomas Renz pointed out on an episode of his program, "Another Renz Rant," these amendments "are really nothing but a pretense for a central bank digital currency."

Human knowledge is under attack! Governments and powerful corporations are using censorship to wipe out humanity's knowledge base about nutrition, herbs, self-reliance, natural immunity, food production, preparedness and much more. We are preserving human knowledge using AI technology while building the infrastructure of human freedom. Speak freely without censorship at the new decentralized, blockchain-power Brighteon.io. Explore our free, downloadable generative AI tools at Brighteon.AI. Support our efforts to build the infrastructure of human freedom by shopping at HealthRangerStore.com, featuring lab-tested, certified organic, non-GMO foods and nutritional solutions.

13 GOP-led states considering introducing CBDCs through UCC

Of the 23 states that have introduced bills that would implement the UCC in their jurisdictions, 13 are led by Republicans, who either have a government trifecta in these states or have solid control over the state legislatures.

The 13 Republican-leaning states in question are Arizona, Arkansas, Indiana, Kentucky, Missouri, Montana, Nebraska, New Hampshire, North Dakota, Oklahoma, Tennessee, Texas and West Virginia.

"They're trying to sneak it [UCC] in through these Republican states," noted Renz. "It's critical to them that they get Texas, Oklahoma, Missouri, Tennessee – these are deeply red states, where if the people know about this, there is zero chance [of it passing]."

"What they're doing is, they're getting the House leadership or the Senate leadership in any given state and say, 'Hey, we need to update the UCC. Can you guys sponsor this bill?' and some happy Republican says, 'Sure, I'll sponsor it' and they put it up there and they have no idea what it is," said Renz. "And it just sails through, because why would you oppose some housekeeping updates that make the UCC more efficient?"

Ten other states where Democrats have control over the legislature have introduced legislation to legalize the UCC. They are California, Colorado, Hawaii, Maine, Massachusetts, Nevada, New Mexico, Rhode Island and Washington. The District of Columbia is also amending its UCC.

One state in particular, South Dakota, has defeated efforts to amend the UCC. Gov. Kristi Noem recently vetoed the amending of the UCC, rightly claiming that its passage would be a precursor "for the federal government to control our currency and thus control people."

Learn more about digital currencies and the coming of CBDCs at CryptoCult.news.

Watch this episode of "Another Renz Rant" as Attorney Thomas Renz discusses in detail the states attempting to amend their UCCs and thereby pave the way for the coming CBDC.

This video is from the Thomas Renz channel on Brighteon.com.

More related stories:

SkyNet rising: Why CBDCs must be terminated before they go live.

Controlled demolition of global finance system sees failing cryptos, bank runs and soon, the unveiling of Central Bank Digital Currencies (CBDC).

HYPOCRISY: Federal Reserve warns banks against using crypto while planning to develop its own digital currency.

CBDC in 2023: Federal Reserve planning to implement "FedNow" digital currency between May and July of 2023.

Federal Reserve set to introduce privacy-crushing digital currency that can be "controlled" and "programmed" by government bureaucrats.

Sources include:

Brighteon.com

Investopedia.com

Ca.PracticalLaw.ThomsonReuters.com

MitchellRepublic.com

GlennBeck.com



Take Action:
Support NewsTarget by linking to this article from your website.
Permalink to this article:
Copy
Embed article link:
Copy
Reprinting this article:
Non-commercial use is permitted with credit to NewsTarget.com (including a clickable link).
Please contact us for more information.
Free Email Alerts
Get independent news alerts on natural cures, food lab tests, cannabis medicine, science, robotics, drones, privacy and more.

NewsTarget.com © 2022 All Rights Reserved. All content posted on this site is commentary or opinion and is protected under Free Speech. NewsTarget.com is not responsible for content written by contributing authors. The information on this site is provided for educational and entertainment purposes only. It is not intended as a substitute for professional advice of any kind. NewsTarget.com assumes no responsibility for the use or misuse of this material. Your use of this website indicates your agreement to these terms and those published on this site. All trademarks, registered trademarks and servicemarks mentioned on this site are the property of their respective owners.

This site uses cookies
News Target uses cookies to improve your experience on our site. By using this site, you agree to our privacy policy.
Learn More
Close
Get 100% real, uncensored news delivered straight to your inbox
You can unsubscribe at any time. Your email privacy is completely protected.