INSANE: Rashida Tlaib Proposes Minting Trillion Dollar Coins to Pay Off Stimulus Spending Binge
Rep. Rashida Tlaib (D-MI) is attempting to exploit the coronavirus pandemic in order to institute radical socialism. She and her cohorts want a $1 trillion dollar coin to be minted in order to pay off a proposed spending binge.
Tlaib has joined with Pramila Jayapal (D-WA) to introduce legislation that would send $2,000 per month to Americans that would be paid off by a couple of $1 trillion dollar coins. This inflationary measure could send the U.S. economy into a tailspin if enacted.
Called the Automatic BOOST to Communities Act (ABC Act), the bill would create a digital dollar by enabling the Federal Reserve to create “FedAccounts,” or “Digital Dollar Account Wallets,” which would essentially give free cash to Americans and devastate the market economy system.
“No later than January 1, 2021, the Secretary shall offer all recipients of BOOST payments the option to receive their payments in digital dollar wallets,” the legislation filed on Thursday read.
In addition to receiving payouts, Tlaib’s bill would also give Americans a bonanza of welfare benefits including access to “debit cards, online account access, automatic bill-pay, mobile banking and automatic teller machines maintained in conjunction with the United States Postal Services at its physical locations.”
The legislation is receiving additional sponsorship from Reps. Jesús García (D-IL), Alcee Hastings (D-FL), Alexandria Ocasio-Cortez (D-NY), Ilhan Omar (D-MN), Ayanna Pressley (D-MS), Bobby Rush (D-IL), Jan Schakowsky (D-IL), Nydia Velázquez (D-NY) and Delegate Eleanor Holmes Norton (D-D.C.).
The legislation aligns with the goals of the Libra Association, a project of monolithic tech giant Facebook, and their support of a stablecoin. They want to put money into the digital space so it can be more easily be controlled by a centralized authority.
“It’s great to see legislative attention to this . We think it’s a transformative idea,” said Morgan Ricks, an associate professor at Vanderbilt University who has long been pushing the idea of digital currency.
Not only does Tlaib’s proposal enact radical socialism, but it also greases the skids toward the cashless society which could mean an end to monetary freedom with every transaction tracked and monitored by Big Brother.
Libertarian icon and former Congressman Ron Paul of Texas warned of the cashless society while he served in the House of Representatives and after he retired.
He explained the dangers of a cashless society during an episode of his “Liberty Report” in 2015:
Tlaib’s latest push for radical socialism would enable Big Brother and destroy the prosperity for millions of Americans. This Islamist will stop at nothing to destroy America.