Definition of money means more control

The best way to voluntarily forfeit the rest of your constitutionally defined, God-given rights is to relax and ignore the roll-out of Central Bankers’ (and tyrannical, totalitarian government parasites’) Utopian dream known as Central Bank Digital Currency — CBDCs for short. If you’re not familiar with CBDCs, the short version: It’s how the government controls what you can and cannot do with your money, which essentially means it isn’t your money anymore. Used too much gas this month? Your money won’t work at the pump. Your medical ICD-10 code says the doctor thinks you’re overweight? Sorry, the register won’t ring up that Mountain Dew. It also spells the end of cash money and your privacy goes with it.

Crucial to their plans for implementation is paving the way with seemingly innocuous changes to incredibly boring laws that are already on the books, which almost nobody reads, or has read, including the legislators that voted to pass them. House Bill 1588 — an Act to Amend the Uniform Commercial Code; and For Other (insidious) Purposes — is just such a piece of legislation introduced to the 2023 Arkansas Legislature.

Cryptocurrency owners should knock their representatives’ and senators’ doors down opposing this bill. At Arkansas Code § 4-1-201(b) (24) the definition of “money” will be changed to add “The term does not include an electronic record that is a medium of exchange recorded and transferable in a system that existed and operated for the medium of exchange before the medium of exchange was authorized or adopted by the government.” Bam, your Bitcoin is illegal.

This is the exact language that has been injected into similar proposed laws in 22 other primarily “red” states by evildoers at the Uniform Law Commission. Look them up.

I recommend everybody who doesn’t want their cash — and freedom — taken away contact all members of the House Committee on Insurance and Commerce (https://www.arkleg.state.ar.us/Committees/Detail?code=890&ddBienniumSession= and scream loudly. Or demand that they substitute this language in place of the proposed addition:

“All banking and financial institutions in Arkansas shall be required to recognize at least one physical currency as “money”. This physical currency must be treated as the primary form of money in the state and valued to ensure it is the preferred form of trade within the state. No bank or financial institution shall penalize anyone for the use of physical money in Arkansas nor shall they provide any incentives for the use of any digital currency. Physical and digital money must be taxed at equal rates.”

ROBERT BARTON

Kingston