ALSO VISIT: http://creationdesign2013.blogspot.com/ CONTACT: trsii2004@msn.com * ALL ARTICLES ARE FROM OTHER AUTHORS*
Search This Blog
Friday, November 18, 2022
They Are Testing A Super Creepy “Digital Dollar”
They Are Testing A Super Creepy “Digital Dollar” That They Plan To Introduce Soon - by Michael Snyder - http://endoftheamericandream.com/they-are-testing-a-super-creepy-digital-dollar-that-they-plan-to-introduce-soon/
Are you ready for the government to monitor what you buy and sell on a daily basis? Because that is what could happen if you start using the new “digital dollar” that theyare now testing. Of course, using the new “digital dollar” would be voluntary at first, but what if it eventually becomes mandatory? The use of physical currency continues to decline year after year, and some governments in Europe have already taken radicalmeasures to phase out the use of cash. Many among the elite consider digital currencies to be the key to a whole new era of strict governmental control over the way that we live our lives, and there would be so much potential for abuse.
On Tuesday, an extremely ambitious 12-week test of the “digital dollar” was publicly announced. As you can see, some of the biggest companies in the financial world are participating…
Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.
Citigroup Inc, HSBC Holdings Plc, Mastercard Inc and Wells Fargo & Co are among the financial companies participating in the experiment alongside the New York Fed’s innovationcenter, they said in a statement. The project, which is called the regulated liability network, will be conducted in a test environment and use simulated data, the New York Fed said.
When asked about his firm’s participation in the project, a Citigroup executive sounded very enthusiastic…
“Programmable US dollars may be necessary to support new business models and provide a foundation to much-needed innovations in financial settlements and infrastructure,” Tony McLaughlin, managing director for emerging payments and business development at Citigroup’s treasury and trade solutions division, said in a statement. “Projects like this, that focus on the digitization of central bank money and individual bank deposits,could be expanded to take a broader view of the opportunity.”
This is something that the Federal Reserve has been working on for a long time.
Back in January, the Fed released a “much-anticipated discussion paper” on the possibility of a “digital dollar”, and they invited the public to comment on the paper for fourmonths…
In January, the Fed took a first step toward weighing the use of a central bank digital currency when it released its much-anticipated discussion paper and opened a four-monthpublic comment period to receive input.
The paper said that a CBDC could streamline cross-border payments and could further enshrine and preserve the dominance of the dollar’s international role, including as theworld’s reserve currency.
Obviously the Fed did not meet with too much resistance during that stage, and so now they are moving on to fully testing the “digital dollar” that they have come up with.
The fact that they are going to spend an enormous amount of time, money and energy testing this new “digital dollar” strongly indicates that they already have plans to introduceit.
The “digital dollar” would be very similar to Bitcoin and other popular cryptocurrencies.
But instead of a decentralized system, the government would control the currency and would have the ability to track every single transaction.
And as Michael Maharrey of Schiff Gold has noted, there would even be the potential for the government to “turn off” the ability of certain individuals to make purchases…
Imagine if there was no cash. It would be impossible to hide even the smallest transaction from government eyes. Something as simple as your morning trip to Starbucks wouldn’tbe a secret from government officials. As Bloomberg put it in an article published when China launched its digital yuan pilot program, digital currency “offers China’s authorities a degree of control never possible with physical money.”
The government could even “turn off” an individual’s ability to make purchases.
We don’t want the government to have that much power over our lives.
Thankfully, some members of Congress are sounding the alarm. In fact, Senator James Lankford has actually introduced a bill “which would require the U.S. Treasury to keepprinting and coining money if the government issues an official digital currency”…
On September 29, Republican Senator James Lankford introduced the No Digital Dollar Act, which would require the U.S. Treasury to keep printing and coining money if the governmentissues an official digital currency.
Lankford said in a news release: “While some Oklahomans are open to digital currencies, many still prefer hard currency or at least the option of hard currency. There arestill questions, cyber concerns, and security risks for digital money. There is no reason we can’t continue to have paper and digital money in our nation and allow the American people to decide how to carry and spend their own money. As technology advances,Americans should not have to worry about every transaction in their financial life being tracked or their money being deleted.”
Unfortunately, that sort of a bill is extremely unlikely to get through Congress.
Most of our leaders seem quite eager to explore the “possibilities” of implementing such a system.
And as we have seen over the past few years, those with authoritarian tendencies are not afraid to push the envelope to frightening extremes.
In an article for MaineWire, Steve Robinson listed several hypothetical scenarios that we could potentially see if a “digital dollar” starts being used on a widespread basis…
1.) To protest governmental limits on personal freedom, libertyactivists stage a peaceful protest around the nation’s capital. That nation’s leader, wanting to quell the protest and protect his power, instructs his Minister of Economic Control to reduce the protesters’ CBDC balances by 50 percent everyday until the protestends. The protest ends shortly after the message pings on the CBDC smartphone app.
2.) Economic growth is lagging, and the economists in the federalgovernment suspect it is because consumer spending isn’t strong enough. People are saving their money, rather than spending it. To fix this problem, the Ministry of Economic Control announces a new year-long negative interest rate for all CBDC accounts. Unspentbalances of CBDC will be reduced by 10 percent every month. As a result, no one saves, every one spends, and the economists have saved the economy.
3.) You’re at the grocery store picking up some ribeye steaksbecause some friends are coming over for a barbecue. When you get up to the counter, there’s a problem. The cashier says the payment isn’t going through. You check the CBDC app on your smartphone. There is an alert: “You have exceeded your monthly carbon creditusage; please remove the following items from your grocery cart in order to proceed…”
4.) You want to pick up a new firearm for hunting season, so youswing by the local sporting goods store. But when you go to transfer CBDC credits for the purchase, you’re denied. The trusty CBDC app explains: “We’ve detected activity on your social media accounts that suggests you are at risk of causing harm to yourselfor others. You are prohibited from purchasing a firearm for one year.”
Once we open the door to this sort of tyranny, there is no telling where it could potentially end.
So we should strongly denounce all efforts to introduce a “digital dollar” while we still have the opportunity to do so.
Unfortunately, most of the population is still deep in a state of sleep, and so the elite are moving their agenda forward very rapidly.
Subscribe to:
Post Comments (Atom)
MY OTHER SITES: CREATION DESIGN: God through Creation
DEBATE VIDEOS and more......
- creationist verses evolutionist
- Home
- DEBATE BETWEEN RABBI AND PASTOR
- The Creation: The Earth is a Witness
- Jesus's claim of Divinity
- Why should I accept Christianity?
- ERRORS IN THE QUR'AN
- 108 year old Rabbi declares just before he died that Jesus is Messiah
- CREATION
- CREATION II
- DOES CREATION MAKE SENSE?
- VERY END TIME VIDEO......
- BIRTH AND RESURRECTION OF CHRIST VIDEO
- PROOF OF JESUS RELATIONSHIP TO GOD
- ENDTIMES VIDEO
- EVIDENCE FOR GOD
- EVIDENCE FOR GOD PT.2
- EVIDENCE FOR GOD PT.3
- EVIDENCE FOR GOD PT.4
- EVIDENCE FOR GOD PT.5
- RABBI HAS VISION THAT SAYS JESUS IS THE MESSIAH
- HEAVEN
- DOES GOD EXIST? PART 1
- DOES GOD EXIST? PART 2
- DOES GOD EXIST? PART 3
- DOES GOD EXIST? PART 4
- DOES GOD EXIST? PART 5
- FEMA EMERGENCY MANAGEMENT AGENCY
- Existence of God
- JESUS IS GOD Whether You Believe It Or Not
- BEST BIBLE QUESTIONES ANSWERED
- Jewish man turns to Jesus and explains why in a way you never heard before!
- JEWISH MAN TURNS TO JESUS
- RELAXING SOUNDS WITH BIBLE STORY
- JESUS CHANGED THE WORLD
- THE UNTOLD REASON WHY JEWISH PEOPLE DO NOT BELIEVE JESUS IS THE MESSIAH!
- WHY MESSIAH MUST BE GOD!
- THE TALMUD (RABBINIC TRADITION) VS. THE NEW TESTAMENT
- WHAT DOES IT MEAN THAT GOD HAS A "SON"? ISN'T THAT A PAGAN CONCEPT?
- MESSIANIC PROPHECIES - WHAT ARE THEY?
- CAN WE AS JEWS TRULY TRUST THE NEW TESTAMENT?
- ZECHARIAH 12 PROPHECY ON THE PIERCING OF THE MESSIAH
- ISIAH 53 - THE FORBIDDEN CHAPTER!
- "IF JESUS IS REALLY THE MESSIAH - HOW COME THERE NO WORLD PEACE?"
- REFUTING THE RABBINIC FABLE ABOUT JESUS IN THE TALMUD!
- DO JEWS NEED JESUS?
- THE 3 REASONS WHY JEWS DON'T BELIEVE IN JESUS & ISRAEL EVANGELISM REPORT
- ARABIC OUTREACH FILM - THE SON OF GOD
- WOW! THIS JEWISH MAN TURNS TO JESUS AND EXPLAINS WHY IN A WAY YOU NEVER HEARD BEFORE!
- DR. EREZ SOREF - THE MESSIAH IS THE PURPOSE OF THE TORAH
- FALSE TEACHINGS ABOUT HEAVEN ENCOUNTERS
- The Resurrection. Amazing video.....
- WHAT WILL HEAVEN BE LIKE?
- WHAT WILL HELL BE LIKE?
- COVID19. WORSE THEN YOU THOUGHT!!!!
- ARE WE LIVING IN THE LAST DAYS? JEWS FOR JESUS
- Rapture video
PROOF OF JESUS FOR THOSE WHO QUESTION JESUS'S DIVINITY
- Home
- Jesus Abolished the Law?
- The End of the Law?
- Tongues in Acts
- Tongues in 1 Corinthians
- Observe Sunday?
- Body, Soul, and Spirit
- Torment in Hell
- God is Not a Trinity....DON'T PANIC, THIS IS A BREAKDOWN OF THE TRINITY WITHOUT ACTUALLY USING THE WORD.
- Paul: Not Anti-Jewish/Torah
- Truth About the Rapture
- Jesus is Not Literally God
- Clarifying Tithing
- The Church and Israel
- The Future is Unsettled
- Christians and Heaven
- The Sacred Name
- Jesus is the Way
- What is a Christian?
- Origin of Easter/Communion
- Christians and Torah
- Christians Better Than Jews?
- Torah a Mere Shadow?
- Paul a Hypocrite?
- Basic Grammar Refutes the Trinity | An Argument for Biblical Unitarianism
- Why Jewish People Do Not Believe In Jesus
- DOES GOD EXIST? PART 4
- The Case for the real Jesus
- How do we know Jesus is the Messiah
- A pivotal sign we're living in the last days
- Jesus is coming!!! We are the Generation!!!!
- The rapture trigger that leads to Daniel 9:27 Covenant
- Is Jesus the Jewish Messiah Debate...
- JESUS IS THE SON OF GOD
- EARTH.....WONDERFUL CREATION
VIDEOS AND MUSIC IN ADDITION TO MY OTHER WEBSITES:
- Home
- CREATION DESIGN: MY OTHER WEBSITE
- PROPHECY WATCHER: MY OTHER SITE DEALS WITH PROPHECY ONLY.
- Very Good Acapella (Little Drummer boy) worth seeing....
- 4 HOURS OF UPLIFTING CHRISTIAN MUSIC
- 100 HOURS OF PRAISE AND WORSHIP MUSIC
- Jews who believe that Jesus is Messiah
- THE CASE FOR CHRIST
- Beautiful video and song. MARY, DID YOU KNOW.... A must see....
- GRAPHIC VIDEO ON THE CONDITION OF THE WORLD
- Gadol Adonai...Lovely Hebrew Christian Song(Subtitles)
- Adonai Machesenu The Lord is Our Refuge/Haruach Vehakala
- El Avoteinu - God of Our Fathers
- Praise to Our God 5 Concert - Ashuv Eleicha (Coming Back to You)
- Thais Schucman 05 Worthy
- Praise to Our God 5 Concert - Lechu Nerannena LeAdonai (Let us sing to the Lord
- Praise to Our God 5 Concert - Gadol Adonai (Great is the Lord)
- Beautiful! Israelis Worshiping Jesus in Hebrew in Jerusalem!
- "Kol Haneshama" (Everything that has Breath) Music Video
- Beautiful Hallelujah Song
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.