Digital Currency Sooner Than You Think

Digital Currency Sooner Than You Think - 90% Of Central Banks Getting Ready – Tyler Durden – https://www.prophecynewswatch.com/article.cfm?recent_news_id=5762 Central bankers and international corporate financiers have long been pretending to hate the very concept of cryptocurrencies like Bitcoin and Ethereum, while at the sametime investing heavily in blockchain technologies and infrastructure. The purpose of the ruse is not clear, but more than likely it was an attempt at mass reverse psychology - "We don't like crypto and digital currencies because we supposedlyhave no control over them; free market proponents should embrace them blindly because that is how you will beat us." In the meantime, while major banking firms are investing billions into various blockchain products, central banks and global institutions like the BIS and IMF have been developingtheir own systems. In fact, the BIS notes with enthusiasm that around 90% of central banks around the world are already in the process of adopting CBDCs. But why would anyone want to use government and establishment bank-controlled cryptocurrencies when they have access to Bitcoin and dozens of other coins that are supposedlyindependent? Why trade freedom for more centralization? First, existing cryptocurrencies are not as free as many people believe, with ample government tracking of blockchain transactions in place for years, the notion of the completelyanonymous crypto user is a bit of a fantasy, and the idea that a product such as Bitcoin is going to "bring down" the central banks is becoming less realistic by the year. Second, the crypto market is highly unstable, in part because it is still very limited. While crypto use in America is higher than most other countries with around 12% ofpeople using it as an investment (not as a currency), the rest of the world is mostly uninterested with an estimated global footprint of around 4%. Of that 4% only a handful of people actually own the majority of the market; these people are known as "whales"and they have the ability to tip the market up or down with little effort. This happens in many other trade commodities and paper currencies also. The point is, crypto is not immune to manipulation. Third, crypto is enticing to people because of the quick profits that can be had, but massive losses are also a danger. The overall crypto market has plunged by $2 trillionin the past year alone - over 60% of its value. The implosion of huge trading companies like FTX also undermines the stability of the market, and usually it's the average investor that ends up suffering the consequences. All of these factors and more can be used by banking elites as a rationale for the implementation of CBDCs and global regulation of crypto trading. And, if the bloodbath inexisting coins continues, people may even welcome CBDCs as a "safe" investment or currency system. The investment losses in blockchain products, along with the scandals in exchanges, is a rather convenient opportunity for the banking establishment to promote their own currenciesas a replacement. In the wake of the FTX event, multiple international banks including JP Morgan and Goldman Sachs have called for government regulation and a shift over to CBDCs. The US House has scheduled hearings on FTX with an emphasis on regulation. In Europe, globalist Christine Lagarde and the ECB are calling for global cooperation on monitoringand controlling cryptocurrencies. Lagarde wants a "digital Euro" to take the place of existing coins and blames FTX and the larger market losses on lack of oversight. Numerous crypto analysts are also demanding regulation, calling crypto "broken and useless" until governments step in to mediate (control) trade. This is the exact oppositeof what crypto activists originally intended over a decade ago when Bitcoin was in its infancy, and digital trade back then was sold as some kind of revolution against the banking oligarchy. However, it's easy to see where this is all going. It means even more pervasive centralization. With paper currencies at least there is true anonymity, but with CBDCs the existence of the blockchain ledger precludes any andall privacy in trade. Not only that, but the institutional ability to cut off people from their wealth and economic access is going to be profound. If you think corporate- and government-led cancelculture is bad now, just wait until they can freeze your digital accounts at a moment's notice because of something you said on social media. And, in a cashless society there are few alternatives beyond some kind of black market. CBDCs mean the total death of any economic freedom the public has left, and central banks are exploiting disasters like FTX to make that death happen even faster. ----------------------------------- Central Bank Digital Currency � Todd Strandberg - https://www.raptureready.com/category/nearing-midnight/ In the mid-1990s, this was a great deal of interest in the subject of the mark of the beast because of the elopement of a microchip the size of a grain of rice. This tinycomputer could transmit data via radio waves. A handheld reader could pass over the chip, and it would transmit the chip�s ID number. This chip was a perfect match for the finances that the Antichrist will establish. If you don�t have your implant in your right hand or forehead, no food for you. Prophecyteachers warned that the mark could be rolled out in a few shorts or months. The only thing lacking was the political will to force everyone to take the chip. There was a huge problem with these implants. We simply did not have the financial infrastructure to roll out a system of 100% digital currency. An honest prophecy teacherwould admit that a true mark would require several years of development. The Federal Reserve and the Treasury move very slowly on changes to our money. We have now arrived at the point where digital currency is a reality. The Fed is in the final stages of testing a digital currency. Fed governors are openly talking aboutthe advantages of having digital money. If we have a financial crisis, the Feds can quickly step in and fund the banking system with electronic cash. After the Federal Reserve declined to guarantee its loans asit did for Bear Stearns, the bankruptcy of Lehman Brothers triggered a cascade of other firms to become insolvent. From Lehman Brothers on, no other large financial firm was allowed to go into bankruptcy. In the 1990s, polls showed that most people had a very negative view of having a chip injected into their bodies. Today, most people have a positive view of the mark of theBeast system. The government would have people lined up for miles if it were made known that people would get extra digital units as yet another stimulus package. People would be literally selling their souls to the devil just to get a $500 bonus. Another thing appealing about a new digital currency is that it would have no debt. The US dollar is saddled with a $31 trillion mountain of debt. Any new currency would haveno responsibility for the old debt. Governments have time and time again reduced their debt burden by limiting the convertibility of old currency for new ones. If you had $1 million and you are only allowed to convert $100,000 per month, inflation could robyou of your purchasing power by the time the 12-month period has passed. A digital currency would be very appealing to the government. They could force people to spend money in case of a financial slowdown by putting an expiration date on theirmoney. There would be no tax cheats with no way to hide your digital wealth. The government could lock up the accounts of troublemakers. Canada froze the banking accounts of several trucker protestors last year. It took a bit of research to get the names ofthe truckers, find their bank accounts, and have them frozen. With a digital currency, a financial lockdown could take place with the push of a single button. The only investment that has immunity to the negatives of a digital currency is gold and silver. If the banking system locked up, you could use precious metals to trade forfood. FDR made people turn in their gold in 1933 because gold was directly linked to the dollar. Since few people own gold today, there is no real incentive for a repeat of 1933. I�m sure the Antichrist will make all purchases with precious metal illegal,but we�ll be gone by the time he makes that decision. The Mark of the Beast is a very scary thing. If anyone takes the 666 ID, they will be condemned to hell. By not taking it, they may starve to death. Because of the horribleprospects, it�s vital for every wise person to be ready for the rapture. �And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: And that no man might buy or sell, savehe that had the mark, or the name of the beast, or the number of his name. Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six� (Revelation 13:16-18).