(03-09-2022 11:05 AM)BigTigerMike Wrote:  Uh oh!

I’m sure they will make a currency. I just fail to see why it would be better than the current dollar (who’s existence is largely digital these days). The biggest attraction of Bitcoin is its finite supply makes it a good inflation hedge. You can’t just print more bitcoin like you can dollars. A federal reserve digital currency could be manipulated and inflated—-making it no different than the dollar—-and that’s before you even consider the privacy/security advantages crypto has vs whatever traceable seizable digital dollar a US Fed would design. That said, a true currency needs stability to be a solid reliable vessel for storing wealth—-that would be the one advantage a Fed based digital dollar would have over Bitcoin.

This has little to do with crypto BTW.

They want to see uprisings and war.... go ahead and do this.

This is absolutely 100% a threat to freedom




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(03-09-2022 01:13 PM)maximus Wrote:  This has little to do with crypto BTW.

They want to see uprisings and war.... go ahead and do this.

This is absolutely 100% a threat to freedom




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Oh I agree. They want crisis after crisis and chaos after chaos to move society towards certain economic changes that was once considered unattainable. These are mere vehicles to their goals.

Notice how the WH isn’t upset or sad about people suffering under crushing high gas prices, it’s all for the greater good

I like crypto, but hate the CBDC because of the threat it will have to individuals buying without spying. But then again we all use credit cards, debit cards, etc and that also tracks what we are spending on.

(03-09-2022 01:33 PM)hburg Wrote:  I like crypto, but hate the CBDC because of the threat it will have to individuals buying without spying. But then again we all use credit cards, debit cards, etc and that also tracks what we are spending on.

Those credit card companies arent currency like this...



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Palladium, gold, copper, nickel - all at or near all time highs. Heck a pre-1982 copper US cent has a melt value of $0.033 right now. Silver remains the most manipulated metal with futures contracts running about 8 times the volume of all silver ever mined in history.

I think we are headed for pretty dark global financial times. Problem is I have no idea how to insulate from it, but I think it’s old school - land and metals, instead of new school - crypto or stocks. One of those will be way wrong and one will be marginally right, so place your bets I guess.

This is all a war on cash and it is for one reason - control.

Hoard your cash, stock up on supplies and get a group started in your area for bartering for when things get really bad and we are heading there at warp speed.

(05-20-2021 01:17 PM)BartlettTigerFan Wrote:  I suspect they don’t intend for there to be any other currencies. Eventually world wide.

I read about that in a book somewhere once.

Granted it was a really old book but it sure seemed to nail a lot of stuff like this.

Just Say No to CBDCs

Quote:You awake to find that today is special: it’s Stimmie Day! When you roll over and check your phone, you see a notification from your FedWallet app letting you know that another $2,000 in FedCoins has just been added directly to your account by the U.S. Federal Reserve.

To be honest, part of you would love to save that money for the long term, given that things have been getting rather uncertain and actually kind of crazy lately, what with the war and the economy and all… But you can’t, since these FedCoins are coded as usable for consumer purchases only, and will expire and vanish in seven days. So you’d better spend em while you’ve got em!

The latest PlayBox it is then. Everyone says Elden Ring 3 is the hottest VR game on the Metaverse right now, and you’ve really wanted to join in. Since you’re stubbornly old fashioned, you decide to check it out at BezosMart on the way home from work today before you get it delivered by drone to your tiny apartment.

But first you begin your day as you always do, with a quick stop at the local Starbrats’ automated, no-contact drive-through latte dispensary. Opening your FedWallet app and vaguely waving your smartphone at the machine is enough to complete the transaction. $14 in FedCoins are instantly deleted from your digital account at the Fed and recreated in Starbrats’ corporate account, well before the sweet, coffee-flavored milk beverage is deposited into your eager, grasping hands.

Your morning starts to go downhill quickly, however, when you realize that your SUV is almost out of gas. You pull the old clunker, with its antiquated combustion engine, into the nearest open station you can find – it looks pretty run-down – and roll up to the pump. A dull-eyed teenager in a facemask inserts a nozzle into your vehicle and waits for you to pre-pay. You wave your phone at the pump. Nothing happens. You try again. Your phone buzzes, and you look at it. There’s a message from the Fed: “You have already spent more than the $400 maximum weekly limit on fossil fuels specified in the FedWallet User Agreement. Your remaining account balance cannot be used to purchase non-renewable energy resources. Please make an alternative purchase. Have you considered a clean, affordable New Energy Vehicle? Thank you for doing your part to build a more just and sustainable world!”

You have in fact considered purchasing a clean, affordable New Energy Vehicle. But they still aren’t very affordable for you, what with the supply chain shortages. Despite the instant credit the Fed would add to your balance when buying an electric car – plus the permanent ten percent general subsidy you automatically receive on every purchase as a BIPOC individual thanks to the Fed’s Reparations Alternatives for Comprehensive Equity (RACE) program – the down payment on a new car would still be more than you can afford, even with your new stimmie coins.

Well, you’re not going to be able to make it to work at the warehouse on what you have in the tank. How could you be so foolish? You’re going to have no choice but to park here and blow a bunch of money on hailing one of those sleek, incredibly expensive self-driving electric cabs to take you there instead. But, as you’re about to tap the screen to do so, you notice there’s a classic fast-food joint next door. Might as well head there first to unload a little stimmie money. Nothing makes you feel better like a greasy breakfast sandwich.

Entering the establishment and sidling up to the old touchscreen kiosk, you order a McKraken with extra bacon. But when you wave your phone to pay, an error message pops up again. “You have exceeded your weekly purchase limit for complex animal protein, as stipulated in the FedWallet User Agreement. Have you considered purchasing a delicious vegan or mealworm alternative? Thank you for doing your part to build a more just and sustainable world!”

This is a sandwich too far for you during an especially hard week. “Ugh FedWallet is so ******* lame!” you post on Twatter as you idle hungrily in front of the kiosk. “Your message has been flagged for review,” says an immediate notification. “As a reminder, using ableist hate speech may impact your ESG score and future financing opportunities. Thank you for doing your part to build a more just and inclusive world!”

“Omg this is absurd, life was so much better before FedCoin, when we still had cash!” you post again to Twatter, unable to control yourself. “Your account has been locked pending national security review,” says a notification from FedWallet. “As a reminder, the proliferation of false or misleading narratives which sow discord or undermine public trust in government institutions is classified as a potential domestic terrorism offence by the Department of Homeland Security. We value your feedback.”

You jerk awake, fumbling at your phone with trembling, sweaty fingers. Oh thank God, it was all just a terrible dream! You just dozed off while reading Rod Dreher’s blog. You can still eat all the steak and bacon you want. There’s nothing to worry about…

But no, you’re actually reading Politico, and see with horror that President Biden has just released a “sweeping” executive order directing the government to immediately begin moving to comprehensively regulate cryptocurrencies while developing a digital dollar issued by the Federal Reserve. “My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC,” he declares, in a line probably narrated in a creepy whisper.

You are wracked by foreboding amid the sudden cawing of ravens.

Keep Reading>>>

(03-09-2022 01:33 PM)hburg Wrote:  I like crypto, but hate the CBDC because of the threat it will have to individuals buying without spying. But then again we all use credit cards, debit cards, etc and that also tracks what we are spending on.

If the FED launches CBDC there is a hook none of you have yet talked about. If it becomes the state's/nation's recognized digital currency the crypto becomes in essence a counterfeiting scheme and the Treasury Department will be compelled to arrest its creators, and could press charges against its users.

Check out the days when local banks and even states issued currency until it was homogenized into national currency.

National currency had Gold Certificates (Gold Seal) until I think 1933, then silver certificates (Blue Seal) and U.S. Bank notes (think Red Seal on $2 bills) and Federal Reserve (Green Seal) note existed side by side until 1965.

Silver Certificates were backed by Silver held by the Treasury.

U.S. Bank Notes were a promissory note used to exceed silver reserve at no interest and many were withdrawn when silver to back the deficit was acquired.

Federal Reserve Notes were loans by a consortia of banks domestic and foreign which were corporately backed and initially secured at 3% owed by US Citizens to those banks and to be collected as taxes.

In 1965 The Federal Coinage Act essentially removed silver from US Coins because those coins were property of the Treasury and were being stolen by the Federal Reserve Banks which cashed their notes for rolls of US Silver Coin and sold it in Europe at a profit. This happens when more than one kind of currency is co-mingled with another with the one having value in silver and the other not.

The national debt in 1963 was 205 million.

Under the quasi governmental FED it has ballooned to 33 Trillion and likely more. Everything we all own is subject to paying those bastards for what they've stolen via lobby to Congress to borrow more to buy things which profit the corporations which back the FED. 2 sets of books. One steals our assets and the other bills us for them. The Corporations Steal and the Fed Bills. They own the printing press which crypto challenges. They will destroy it by criminalizing it. Crypto is a form of rebellion against the NEW WORLD ORDER. But it is a means by which they gain total control over all global currencies and by that all of us. Some call this Globalism, some the NEW WORLD ORDER, and Some THE BEAST. It exists for total power which corrupts totally. Corporations are not born of a woman, but have the rights of man without emotions or a soul.

IMO, it killed RFK and JFK to gain control of the US Monetary System. It stonewalled Carter and carried out a Soft Coup de etat against Trump because those 2 were not candidates backed by FED entities.

So, i would not invest in crypto as you are likely to lose it all at best, or be criminalized at worst. It's only a matter of time before they outlaw private ownership of gold and silver and possibly copper (which can be used defensively). They'll reenact the Gold Act of 1934 in a new form.

People think liberals or conservatives, blacks, whites, Legals or illegals, gays and straights are each others enemies. We are not. This cabal confuses and distracts by pitting the public against each other. Until all of us realize this they will continue to rule. And now that corporations have used political favor and regulations to eliminate competition, they are betting that since most jobs that we or our children have are from them that we will never stand against them because we derive income from them and obtain supplies necessary for life from them (no one may buy or sell less they receive the mark). White males are seen as the most likely to feel entitled enough to self direction that this is why they are targeted as the enemy of minorities, women, gays, etc. When white males are beaten into submission it will be Black and Asian males which are vilified next. They need public education and revisionism to destroy the true past and to convince children that loyalties can't be given to non conforming parents. How do these entities view our children, see Jeffrey Epstein, Bill Gates, Bill Clinton, Prince Andrew, etc.

Think of all of this as compliance which merits digital access, which without you will likely die. These companies control weapons, technology, security systems, chain stores (groceries) and pharmaceuticals and now own a great number of hospitals. Many also believe their families would have better lives on an Earth of 3.5 billion humans. Gee, I guess 5 billion of us need to go. Do you feel important or lucky?

It's almost too late to change it. An act of God would do! This is the NUVUS ORDO SECLORUM as advertised on the back of your dollar bill below the Eye of the Great Pyramid.

Oh joy. Now they won't even have to print the unbacked fiat dollars.

Biden’s Digital Currency Would Create a Government-Controlled Social Credit System

Quote:Inflation reached 7.9 percent last month. Gas prices have passed the recession threshold of $130 per barrel. So, what is President Biden’s newest plan to fix the mess that the Federal Reserve’s “New Normal” of printing $120 billion in quantitative easing every month? A national digital currency, to inflate, manipulate, or confiscate whenever the state so wishes. On Wednesday, Biden signed the “Executive Order on Ensuring Responsible Development of Digital Assets,” to explore the use of digital ledger technology to increase “financial inclusion and equity” and decrease “energy demand and climate change.” But why are over 100 countries developing and implementing centralized digital currencies?

This initiative had its genesis in the UK Parliament. After cash payments were banned by many businesses during the pandemic, Chancellor Rishi Sunak has spearheaded the “‘biggest upheaval in the monetary system for centuries”: the G7 adopting Central Bank Digital Currencies (CBDCs). Dubbed “Britcoin,” this digital financial infrastructure would be a combination of blockchain currency and non-fungible tokens (NFTs), which are programmable by employers or governments to be restricted to being spent on specific approved goods or services. Bank of England director Tom Mutton suggested governments “could introduce programmability,” with built-in smart contracts ensuring that “restrictions” could be placed on where and how currencies are spent, ensuring “socially beneficial outcomes” are produced.

But what would those outcomes be?

Like the concordance between neocon RINOs and the Democrat establishment, the UK’s socialist Labour opposition party and ruling so-called Conservatives have formed an indistinguishable uni-party, in lockstep on everything from climate change to COVID lockdowns. On this year’s International Women’s Day, Labour MP Dawn Butler reposted a speech in which she urged the government to convert the “career ladder” into a “career escalator” for women and ethnic minorities. To ensure proportional representation on corporate boards, the Labour party proposes a government certification system, grading businesses on their corporate commitments to diversity and inclusion.

Not only could you be censored by Silicon Valley for your wrong-think but a partnership between international unelected bodies and corporate monopolies also could unperson you from buying food, fuel. and property.

This would constitute an adoption of the World Economic Forum’s (WEF) proposed Environmental, Social, and Governance (ESG) Scores for businesses. To access the potential investment from the numerous holding firms partnered with the WEF, businesses must donate profits and tailor operating policies toward efforts like lowering carbon emission and promoting gender and racial parity within their boardrooms.

This constitutes a movement from the existing model of shareholder profits toward the WEF’s conception of “stakeholder capitalism”: where businesses work in concert with governments, NGOs, and international organizations to end world hunger, gender inequality, and climate change.

To prove compliance with these targets, businesses must produce ESG reports, quantifying steps taken to meet ESG metrics. This involves gathering data on not only employees but also their customers. This means that any dissident working or purchasing from a business eager to earn WEF investment is at risk of being deplatformed from purchasing vital goods and services. If your social media posts are a stain on an otherwise spotless ESG record, then businesses may block the use of your allotted digital currency.

Legislative efforts like the UK’s Online Safety Bill and the EU’s European Digital Identity will erase online anonymity and require verification with state-issued documents to access social media. This is conducted under the auspices of claims like “the kind of unbridled free speech that we have seen online is a threat to democracy.” Identical language has been used by the January 6th Committee and in condemnations of Canada’s freedom convoy. These protests resulted in indefinite detentions and the confiscation of bank accounts.

Not only could you be censored by Silicon Valley for your wrong-think but a partnership between international unelected bodies and corporate monopolies also could unperson you from buying food, fuel. and property for expressing views as incontrovertible as “there are two genders.” Soon, you could have to visit grocery speakeasies — like in Lithuania, where people not vaccinated against COVID were banned from supermarkets and pharmacies.

Biden’s revived and increasing “Social Cost of Carbon” would be another predicate for restrictions. The UK’s Green Party endorses enforcing personal carbon purchasing budgets. As I wrote for The American Spectator last November, Mastercard and the WEF have partnered to cap consumers’ spending to their carbon footprints. Inflation hits? Too bad. Time to choose between heating and eating this week. (READ MORE: Will More Eco-Authoritarianism Come From COP26?)

So are non-state-affiliated cryptocurrencies the solution?

Well, Treasury Secretary Janet Yellen wants to confiscate “unrealized capital gains” via a tax on assets calculated between the value when sold and its peak potential value. Thus far, Yellen pledges to only target billionaires. But when those cash cows board their private jets and fly overseas to tax havens, taking their wealth with them, the government will begin to expand the tax brackets to encompass more of the population. This policy would become a war on investing in parallel economy technologies like cryptocurrencies, making holding and selling assets a financially inviable prospect for the working class.

CBDCs are the government monopolizing a promising technology, then pulling the ladder of financial mobility up behind them. Nothing will be exempt from taxation, and nothing you say or do will be excluded from scrutiny by the state’s obsession of diversity, equity, and inclusion.

CBDCs may be marketable as fool-proof against fraud and criminal laundering. They may be able to run entirely on renewables, thus eliminating air pollution from the financial sector. But with a government’s finger on the off-switch, your right to free exchange is held to ransom by ideologues — elected or otherwise.

Fight back against scrapping cash. Do not trade your freedom for convenience.

Quote:In order for Modern Monetary Theory to work, Glenn explains, a ‘programmable’ currency must be in place. And the far left no longer is trying to hide it! The Fed and the Treasury Department ADMIT change for Americans is on the horizon. Glenn explains the signs of what’s coming and what a digital dollar could look like for YOU. Plus, he explains why the ongoing war between Russia and Ukraine have not only contributed to the fall of the U.S. dollar, but how it could bring MASSIVE food shortages to America as well…

Basically they'll be able to make you work exponentially more and more for less and less. Great idea but it was prophesied. How anybody can not believe The Word at this point is beyond my comprehension.

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(03-17-2022 12:01 PM)b2b Wrote:  Basically they'll be able to make you work exponentially more and more for less and less. Great idea but it was prophesied. How anybody can not believe The Word at this point is beyond my comprehension.

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This^

Wonder how those with vices will be able to conduct their business with everything without cash

(03-18-2022 11:22 AM)BigTigerMike Wrote:  Wonder how those with vices will be able to conduct their business with everything without cash

The Tech companies and Banks act in concert and big money is behind all vice. They will eliminate pimps and street dealers and swipe all transactions as entertainment or over the counter analgesics. Epstein covered all such transactions as other! They are already set up. However a citizens transaction with them will certainly be leveraged against them if they say anything. Mafia is now high tech!

CBDCs: Biden’s Latest Plan for the Surveillance State

Quote:The Fed plays a hitherto unprecedented role in the U.S. economy. Growth in the money stock, which had until 2020 remained in the single digits annually, has soared by a remarkable 40 percent since the beginning of the pandemic.

Yet the power that it has now accrued over the financial well-being of Americans would pale in comparison to the power that it would command under a Central Bank Digital Currency (CBDC) program, an idea that is now openly discussed by some of the most powerful people in government.

Such a program, which would turn the American dollar into a purely digital currency controlled, issued, and regulated by the Fed using blockchain technology, would be the largest restructuring of the U.S. financial system since the end of the gold standard.

American leaders were no doubt watching closely when China became the first major economy to launch a CBDC — the digital yuan — in mid-2020. The currency is still in an early testing phase, with a reported user base of 231 million but accounting for less than 0.1 percent of total spending. Nonetheless, the Chinese government has been aggressively promoting its adoption, including during the recent Winter Olympics.

Now Janet Yellen, secretary of the treasury under the Biden administration and former chair of the Federal Reserve, is among those who believe that the Fed must update America’s monetary system by issuing its own CBDC.

In a speech delivered at American University in April, Yellen emphasized that creating a digital currency would require “years of development, not months,” but she suggested that such development was already in the works. She stated that both she and President Biden shared the same “urgency” in “pulling forward research to understand the challenges and opportunities a CBDC could present to American interests.”

What are those interests, precisely? To give the Fed its due, there are ways, at least on paper, that Americans could benefit from a digital dollar. There would be no more routing payments through private banks and Mastercard — processing transfers would take seconds instead of days. Working Americans would benefit from their paychecks clearing promptly, while business owners would appreciate an end to failed payments.

Crime would also be drastically reduced under a universal CBDC scheme. Money laundering, which relies on the opaqueness and bureaucracy of the financial system’s many layers, would be nearly impossible with the Fed having full and instantaneous knowledge of any transaction involving dollars. Organized criminals such as drug smugglers would suffer from losing access to the physical greenback, and most money transfer scams would cease to exist. Lives, and livelihoods, could be saved.

Finally, Yellen’s main concern appears to be for the dollar’s status as the global reserve currency, which for decades has enabled Americans on the whole to be far richer than their developed European and Asian counterparts. Some analysts perceive China’s digital yuan as the centerpiece of a decades-long plan to topple the dollar from its hegemonic position. Therefore, the thinking goes, the dollar must undergo digitization to remain competitive and retain its place at the top.

Despite these purported benefits, not everyone is convinced. A week before Yellen delivered her speech, Sen. Ted Cruz (R-Texas) introduced a bill seeking to outright ban the Fed from issuing any direct-to-retail CBDC. Some Canadian conservatives have responded similarly to the technology, among them Pierre Poilievre, a candidate for prime minister.

The fact that the loudest voices against the concept of CBDCs are the political Right is no coincidence. The topic is in many ways a litmus test for how much a person trusts the federal government, and most conservatives have, at least over the previous decade, learned to trust it very little.

A centralized, permissioned digital currency would give an organ of the federal government unfettered access to the financial lives of every American. This fact should render any potential CBDC anathema to the values of most Americans, even if it were otherwise inert.

Many of the purported benefits of a digital dollar would be easy to abuse. In her speech, Yellen suggested that a CBDC could be used to “manage risks associated with national security and financial crime.” This would presumably include drug smugglers and money launderers. But a broad term like “national security” invites comparison to the Biden administration’s drumbeating about diversity and inclusion or political extremism — terms meant to facilitate the ever-growing mandate and powers of the government.

A CBDC would also be manipulable to an extent that would put traditional fiat to shame. Given that digital currency is no more than bits and code, a CBDC-issuing Fed could effortlessly delete a person’s holdings if it so pleased.

If Jerome Powell wanted Americans to spend to fight a recession, his underlings could introduce an expiration date to savings accounts. This was a real feature tested briefly by China. If it sounds too outlandish to ever come to pass in the U.S., consider how the Fed has roped the country into an inflation crisis in its ham-fisted attempts to fight the COVID-induced downturn.

Attempts to moderate or regulate any proposed CBDC framework run into difficulties. There are indeed ways to design a digital dollar that would limit the Fed’s power, such as by making it permissionless, which would prevent arbitrary Fed manipulation of the currency. But it is unlikely that the federal government would be willing to adopt a system that would seriously limit its authority over its own currency.

Another common proposal is to keep a hypothetical CBDC as merely an alternative to the traditional greenback rather than a replacement. Such a compromise probably would not last. Just as contactless payments have supplanted coins as the preferred way to pay for groceries, a growing CBDC system could potentially cause a spiral of shuttering private banks and merchants switching to CBDC-only payments for convenience. Eventually, the digital dollar could become de facto mandatory for regular people while criminals and money launderers would still have access to physical greenbacks, leaving neither side of the debate particularly happy.

Is America therefore doomed to cede this particular technological arena to its rivals? Not at all. Central Bank Digital Currencies are, after all, merely one genre of digital currency among many. They are, furthermore, in many ways an inversion of how the pioneers of digital currencies and the blockchain envisioned their creations.

It is notable that some of the biggest critics of CBDCs, among them Cruz and Poilievre, are also enthusiastic proponents of decentralized cryptocurrencies. There are plenty of disagreements to go around — Cruz wants Texas to be an “oasis” for crypto, while Donald Trump thinks Bitcoin is a “scam” — but these ought to be thrashed out in the private sector rather than in government, where mistakes are likely to become entrenched. (READ MORE by John Jiang: Russia’s Digital Iron Curtain)

In all likelihood, despite the proposals of technocrats like Yellen, Americans won’t see a CBDC issued to them for the foreseeable future. The fact that high-profile politicians are already pushing back shows that there is already widespread understanding of the technology’s pitfalls.

The U.S. has also grown to be rather conservative about its currency system, for better or for worse. Famously, the penny has for a long time cost more than a penny’s worth of metal to mint but has still stubbornly remained legal tender. Cultural significance, powerful lobbies, and institutional inertia will make the physical greenback very difficult to uproot.

Would the dollar’s lack of centralized digitization hurt it against the emerging digital yuan in the coming decades? Perhaps, but likely only at the margins. A digital Chinese currency would be easier to adopt for countries that were already predisposed against American interests, such as Iran or Russia.

But for most of the world, the sheer accessibility of a currency is a minor factor. The dollar’s appeal comes from the sophistication of America’s capital markets and the strength, stability, and steady growth of its economy. These factors would be strengthened by letting the private sector take the initiative on digital currency development.

Um, yeah, no. We need a $200 and a $500 paper bill stat. Reagan and MLK would be my nominees, with President Trump on the $4500 deno. as we've only had 45 individual Leaders under the Constitution.