SCARY: President of European Central Bank admits 'digital Euro' is ready for launch



Remember when we were told the “digital Euro” was just a conspiracy theory?

Well, it turns out that not only is it real, but it’s been in the works for five years. And Christine Lagarde, the president of the European Central Bank, just admitted it.

Now it’s ready for launch.

Glenn Beck explains why we must break our alliance with the EU if it adopts a central bank digital currency and why President Trump must ban our Federal Reserve from creating one of its own (which it’s certainly interested in doing).

“For years, Christine Lagarde and everybody else, both foreign and domestic, have said that any worry about a CBDC is just a conspiracy theory. They have silenced, they have discredited anyone who warned of the dangers of this, but now, all of a sudden, I guess we all forgot that, because now they're ready, and the stakes cannot be higher,” says Glenn.

In a recent speech, Legarde casually admitted that the ECB “started working on the digital Euro way back actually when [she] started [her] term five and a half years ago,” even though last year “she told the European Parliament that CBDC skepticism stems from conspiracy theories.”

If they launch this, says Glenn, in “18 to 48 months our whole world is going to be different.” “The stakes for privacy, free markets, and individual liberty” couldn’t be higher.

The adoption of digital currency is so egregious that it should “fracture our alliance” with the EU, he says.

The problem with digital currency is that “it can be turned off” by the government, which means it’s a weapon in their back pocket to wield against dissenters.

Glenn gives the example of going to the bank to pull out cash.

With CBDC, “there’s nothing to take out,” he says. “You don’t own it. … The central bank and the government — they own that, so you have no place to go but through them.”

“Make no mistake, that's not a tin-foil-hat conspiracy. That's what's happening in China,” he warns.

But what’s even scarier than that is the fact that strange changes in currency are in the Bible — “specifically the last part of the Bible,” where Revelation describes the end times.

Artificial superintelligence and CBDCs are the kinds of “tools that appear very much like the tools foretold that will be employed by the Antichrist,” says Glenn.

The United States is in the early stages of developing a digital currency.

“We have got to pass legislation right now — no central bank digital currency ever in America,” says Glenn.

To hear more of his commentary, watch the clip above.

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Biden’s fiscal failures loom over treasury nominee’s path



Thursday’s confirmation hearing for treasury secretary nominee Scott Bessent carries immense importance, given the fragile state of America’s fiscal foundation. You would expect senators to focus on treasury-related questions. However, instead of addressing the consequences of Janet Yellen financing U.S. debt at the short end of the yield curve or the challenge of refinancing nearly $7 trillion in the coming months, senators chose to grandstand and indulge in self-serving rhetoric.

Bessent opened his statement by highlighting his “only in America” story of achieving the American dream and his determination to preserve it for future generations. He also emphasized the need to secure supply chains, shift from wasteful government spending to productive investments that grow the economy, and maintain tax cuts to prevent massive tax hikes on Americans.

Responding to one senator’s question, Bessent said he often relies on the principle 'no data, no opinion.'

One of the most encouraging aspects of the hearing was Bessent’s repeated focus on Main Street and small businesses. He acknowledged Wall Street’s strong performance in recent years and emphasized the need for a Main Street and small business-led recovery to drive growth and economic strength.

Bessent also recognized the excessive concentration in the U.S. banking system. He noted that regulations implemented after the Great Recession have burdened smaller community banks, hindering their formation and operations. These policies have also increased systemic risk by consolidating assets among larger financial institutions. His acknowledgment of the need for policies that prioritize Main Street over Wall Street is both refreshing and essential.

In response to a question from Senator Marsha Blackburn (R-Tenn.) about central bank digital currencies — a digital version of the U.S. dollar that could be controlled and programmed by the Federal Reserve and the government — Bessent expressed opposition. He sees no need for the United States to adopt a CBDC, a stance that likely reassures many Americans concerned about potential threats to individual freedoms.

Oddly, much of the discussion, particularly from the Democratic senators, was centered around tax policy versus spending, with the senators refusing to acknowledge their starring role in the overspending, that the Tax Cuts and Jobs Act increased government revenue, or that collections are not a deficit driver — spending is.

We have a tough road ahead. The Biden administration has left the United States with a debt-to-GDP ratio exceeding 120% and a deficit at 6%-7% of GDP — levels typically seen during wartime, not in a period of “economic expansion.” Combined with a strong dollar, substantial foreign asset holdings, and other factors, returning to a sustainable and prosperous economic path will require careful execution.

Bessent brings extensive experience across Wall Street, central bank advisory roles, and other economic arenas, equipping him with the qualifications and temperament needed to navigate this uncertain terrain. Responding to one senator’s question, Bessent said he often relies on the principle “no data, no opinion.”

Bessent’s confirmation should proceed smoothly, but the real test lies ahead as he takes on the daunting task of stabilizing America’s financial foundation.

Republicans fight back against central bank digital currencies



On May 23, 2024, the Republican-controlled U.S. House of Representatives struck a major blow to the implementation of central bank digital currencies, passing the CBDC Anti-Surveillance State Act (H.R. 5403), which prohibits the Federal Reserve from:

  • Directly issuing a CBDC without explicit approval from Congress;
  • Using a CBDC to set monetary policy;
  • Maintaining financial accounts for individuals (something failed Biden nominee Saule Omarova had proposed).

Rep. Patrick McHenry (R-N.C.), who is chairman of the House Financial Service Committee, had this to say:

This bill is straightforward. It halts unelected bureaucrats from issuing a central bank digital currency, or CBDC, that would be detrimental to Americans’ right to financial privacy. We’ve already seen examples of governments weaponizing their financial system against their own citizens. For example, the Chinese Communist Party uses a CBDC to track spending habits of its citizens. This data is being used to create a social credit system that rewards or punishes people based on their behavior. That type of financial surveillance has no place in the United States. Concerningly, it appears the current Administration does not agree. In 2022, the White House issued an Executive Order pushing for CBDC research and development. The corresponding report responding to that Executive Order did nothing to ease those concerns. This is why the CBDC Anti-Surveillance State Act is necessary.

The globalist Atlantic Council came out firmly against the bill in the confusingly titled editorial, “Don’t let the US become the only country to ban CBDCs”:

In fact, if this bill ever became law, the United States would be the only country in the world to have banned CBDCs. It would be a self-defeating move in the race for the future of money. It would undercut the national security role of the dollar as the decision would only accelerate other countries’ development of alternative payment systems that look to bypass the dollar in cross-border transactions. This would make US sanctions less effective.

The authors, Josh Lipsky and Anaanya Kumar, called the bill “a solution in search of a problem,” since Fed chair Jerome Powell said that he won’t implement a CBDC without congressional approval.

Now the bill must be approved by the Senate and President Biden. The Biden administration has been exploring implementing a CBDC since 2022, and given the partisan slant of the vote, it seems unlikely to succeed, but its passage in the House at least sends a message.

What is a CBDC? A quick refresher

If you’re unfamiliar with CBDCs, we encourage you to check out our CBDC explainer, but here’s a quick rundown of what they are and what they can do:

  • A CBDC is a digital currency like Bitcoin or Ethereum, but issued by a country’s central bank.
  • With a CBDC, the central bank would maintain your account balance instead of an independent regional bank.
  • A CBDC is “programmable,” giving governments and central banks more control over fiscal policy.

For example, with a CBDC, a government could issue a stimulus payment that had to be used in a certain amount of time or could only be used on certain items to reduce the chances of inflation.

The flip side is that governments could use a CBDC to track all economic activity and even control it. For instance, if a government wanted to effectively ban tobacco products without legislation, it could simply exclude them from being purchased with CBDC.

This may sound like a conspiratorial sci-fi fever dream, but it is very real, and high-level individuals at Bank of America, the International Monetary Fund, and the World Economic Forum have publicly gushed about the control CBDCs would give them. It wouldn’t be unfair to liken a CBDC to a “One Ring” of a nation’s economy.

Is Digital Gold The Solution To Democrats’ Digital Dollar?

Biden's executive order gives away the left’s objective. It says digital currency has 'profound implications for ... the ability to exercise human rights; financial inclusion and equity; and energy demand.'

Beware The ‘Big Brother’ Digital Dollar That Will Take Your Freedom

A Central Bank Digital Currency is high on the list of authoritarian nightmares that might happen in a second Biden administration.

What Will America Be Like Under Biden’s Digital Dollar? Look At Communist China

Biden’s executive order gave the game away by stating that a U.S. digital dollar must ensure 'financial inclusion and equity' and monitor or mitigate 'climate change and pollution.'

Joe Rogan and Post Malone sound off on central bank digital currencies: 'No f***ing way. ... That's checkmate.'



Joe Rogan and musician Post Malone discussed the dangers of cash-killing central bank digital currencies on the Aug. 8 episode of the "Joe Rogan Experience."

While Malone appeared cynical about the present financial system, intimating the state and powers that be already enjoy too much control over Americans' spending and finances, Rogan indicated it could get much worse.

When asked how he felt about CBDCs, Rogan fired back, saying, "No f***ing way. No way. That's what I think. That's checkmate. That's game over."

Malone agreed, "That is f***ing checkmate."

The push for CBDCs in the West and around the world has taken on new momentum in recent months.

TheBlaze previously reported that the International Monetary Fund is working on a platform to ensure interoperability between CBDCs, whereby central banks would control their respective vaporous fiat currencies but adopt a single global ledger and adhere to international standards.

The Biden administration hinted that it might be on board, noting in a September 2022 report that among the policy objectives for an American CBDC would be interoperability and transferability with the global financial system.

Last year, Federal Reserve Chair Jerome Powell hyped the prospect of a U.S. CBDC, stating it could "potentially help maintain the dollar's international standing" and possibly "improve on an already safe and efficient domestic payments system."

The Federal Reserve's 2022 paper, "Money and Payments: The U.S. Dollar in the Age of Digital Transformation," cited the adoption of CBDCs as a way toward greater inclusivity, stating, "A CBDC could reduce common barriers to financial inclusion and could lower transaction costs, which could be particularly helpful for lower-income households."

Nationally syndicated radio host and co-founder of Blaze Media Glenn Beck underscored earlier this year that the problem with a CBDC is that "there is no physical cash. There’s even [a physical aspect] with Bitcoin — you can take it on a thumb drive and you stick it in your pocket, or you can move it from one off-ramp to another. Just memorize your seed phrase, that’s all … but it’s yours."

Conversely, with a CBDC, it's only electronic, "only in the Federal Reserve System," noted Beck.

Extra to stressing that the "federal government has no authority to unilaterally establish a central bank currency," Sen. Ted Cruz (R-Texas) has made clear that even if it did, it would be a bad idea.

Gov. Ron DeSantis (R) has indicated this bad idea is ultimately "about surveillance and control."

Accordingly, he has banned CBDCs in Florida and told Tucker Carlson that as president, he would "nix central bank digital currency. Done. Dead. Not happening in this country," reiterating that it is a "massive threat to American liberty."

Building on his response to Malone, Rogan warned there will inevitably be trouble if "they apply [CBDCs] to a social credit score — if they decide somehow or another that you need some social credit score system and it's for the benefit of society — and they outline that they can track your behavior and your tweets and all your things, and you get a score."

Nigel Farage, the former English politician who proved instrumental in the 2020 restoration of British sovereignty via Brexit, was recently debanked by a giant British financial organization over his tweets and un-woke views.

Farage, having seen firsthand what traditional banks are already willing to do to conservatives with allegedly unacceptable views, made a similar claim to Rogan in a video Sunday, noting that the push "towards a cashless society" will likely usher in "a social credit system where only if you obey the prevailing orthodoxy of the day can you take part in life."

Malone told Rogan that ship has sailed — that social credit scores are already here, "they just haven't released the f***ing report cards. They didn't send the report cards home to the parents yet. ... Everything is already imprinted. Everything is already tracked. Everything is already there."

Rogan contended that the technocrats set upon the elimination of cash and regulation of behavior "just can't control you to the same extent that they would like. And what they would like to do is to strip you of your money and to be able to lock you down and then make sure you comply."

Outside communist-controlled China, this tactic has already been used to great effect in Canada under the Trudeau government.

Canadian banks in concert with the Trudeau government began freezing accounts of people linked to the trucker demonstrations as a means to snuff out the peaceful populist protest, which was critical of vaccine mandates.

Rogan indicated that the state's ability to make examples of dissenters by stripping them of their money will preclude others from standing up: "They don't want everything they worked for just be taken away instantly overnight and be powerless. No one to call. No one's going to answer your phone. They just decided you f***ed up, and the rules are the rules."

Beyond just eliminating dissent, the podcast host indicated that state actors will ultimately abuse this ability upon realizing they can fill their coffers and pockets with Americans' confiscated digital currencies.

A February CATO study highlighted that in addition to CBDCs enabling governments to freeze someone's financial resources with greater ease and speed, having established "a direct line between citizens and the government itself," policymakers would be able to set negative interest rates, thereby forcing spending by causing people to lose money.

The study also highlighted how the government would be positioned to bar people from spending their money on certain goods or services.

Watch Rogan and Malone's CBDC conversation:

— (@)

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EXCLUSIVE: Rep. Andy Ogles Moves To Ban Centralized Digital Currency

Republican Tennessee Rep. Andy Ogles will introduce legislation later Thursday that would prohibit the Federal Reserve from issuing a Central Bank Digital Currency (CBDC). The Cease Orwellian Surveillance and Targeting (COST) Act of 2023, obtained exclusively by the Daily Caller, would also ban Americans from holding CBDCs issued by the U.S. or any other government. […]

'Done. Dead. Not happening in this country': DeSantis indicates he'd staunchly oppose central bank digital currency as president



Florida Gov. Ron DeSantis (R), who is currently one of the many GOP presidential primary candidates running for the Republican presidential nomination, has said that as president, he would put the kibosh on the idea of a central bank digital currency in the U.S.

During an interview with Tucker Carlson, DeSantis indicated that on day one as president, he would "nix central bank digital currency. Done. Dead. Not happening in this country," he declared. The governor described the concept of a CBDC as "a massive threat to American liberty."

DeSantis also noted during the interview that while he was already pro-life in the past, the experience of hearing his first child's heartbeat during an ultrasound had a significant impact on him.

The governor named China as the "top threat" the United States faces.

Tucker Carlson interviewed DeSantis and multiple other GOP presidential primary candidates during the FAMiLY Leadership Summit on Friday. Blaze Media teamed up with the FAMiLY Leader for the event.

Polls indicate that former President Donald Trump has a massive lead over the rest of the GOP presidential primary field with DeSantis trailing in a distant second place. Trump was not one of the candidates who participated in the forum on Friday.

DeSantis secured victory last year during Florida's 2022 gubernatorial primary. Prior to serving as governor of the Sunshine State, DeSantis served as a lawmaker in the U.S. House of Representatives.

Blaze Media Presents: The Summit, hosted by Tucker Carlson www.youtube.com

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How elites will use ESG, AI & CBDCs to seize TOTAL CONTROL



You might not like or want ESG, but according to Maxine Waters, your opinion does not matter.

In an interview on CNBC this week, Waters said that it’s “unfortunate” ESG has become politicized, “because it’s inevitable that everyone is going to have to participate in dealing with it.”

Glenn Beck knew this was coming.

“It will be mandatory. You will have to participate in ESG. So everything they said about a conspiracy theory is now clearly off the table. They’re saying it. So you will have to deal with a social credit score.”

Kamala Harris was also recently recorded explaining that they plan to teach AI about ESG and teach the algorithms to look for things like equity, social justice, and environmental wrongs.

Where does this lead?

Beck says it will turn AI into “all-seeing, all-knowing policemen.”

This will, he believes, be inevitably linked to the U.S. central bank digital currency.

“So, tie this in. You’re going to have an ESG score. It’s going to be tied with AI watching you, and now a digital currency that is responsive to AI and those scores.”

Beck worries that this means they will be able to control the population’s purchases — and ultimately their lives — through social credit scores, AI, and CBDC.

“Federal bureaucrats could with a push of a few buttons make their little authoritarian dreams a reality.”

This means that no matter where you are, who you’re talking to, what you’re saying — you could be punished.

“If you think that I am exaggerating, you are sadly misled and misguided. It will gather all of the information automatically, and it will change your score in real time and you won’t be able to do things that you want to do.”

“So,” Beck continues, “today’s conspiracy theory is tomorrow’s absolute fact. And by tomorrow, you could be in a digital jail.”


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