Posted on 10/10/2021 4:12:00 PM PDT by American Number 181269513
I think the current plan of the IRS monitoring all bank accounts and transactions above $600 (it really is all transactions) is laying the groundwork for this type of future plan.
They can control as many cryptos as they want just to make it look better, and they will.
NSA consultant BRENNAN'S CIA INFILTRANT turned whistleblower traitor who gave national security secrets to America's enemies, Edward Snowden
Lead is a good investment.
bkmk
The funniest part of this is like all these “economic whizzes” act like they never had even a basic course in economics.
It reminds me of G.H.W. Bush’s visit to a real grocery store, where he had never seen a laser bar code scanner, because his staff and employees did stuff like that for him. A complete disconnect with reality. Yet he imagined that he knew better with stupidly unrealistic international economic schemes.
These academic and government bozos have been playing fantasy games with fiat currencies for so long they think they are real. Because they say so.
Derivatives are one such fantasy game. Playing with monopoly money in amounts many times greater than all the wealth in the world.
Eventually they proclaim: “I have 100 times more money than Bill Gates, so I own everything! Sell me everything!”
And everybody else just says “no”.
And instantly his $300 Trillion becomes worthless.
Ya, ok Karen.
And yet still more likeable than any govt hack.
It’s more likely it’s laying the groundwork to catch you buying the illegal cryptos. Try to buy some PirateChain (arrr) coin or some Monero to keep it hidden from taxes as you buy stuff or send it to loved ones and as soon as they put it in a bank...wammo they got ‘em.
NSA has been spying on Americans for decades—blowing the whistle on that is patriotism in my book.
Biden's nominee for Comptroller of the Currency, Saule Omarova, has already laid out her plan for Central Bank Digital Currency - CBDC in her recent manifesto:
The People’s Ledger: How to Democratize Money and Finance the Economy
Excerpts:
Beginning with the liability side of the central bank balance sheet, this Article advocates the issuance of general-purpose CBDC (the “digital dollar”) and concurrent migration of all transaction deposit accounts from private banks to the Federal Reserve. Focusing on the ultimate “end-state” whereby central bank accounts fully replace—rather than uneasily co-exist with—private bank deposits, the Article explores the full range of new monetary policy options the proposed structural shift would enable.In effect, it re-imagines the role of a central bank as the ultimate public platform for generating, modulating, and allocating financial resources in a modern economy—the People’s Ledger....
Doing so is especially urgent in light of the ongoing digitization of finance, which includes rapid proliferation of privately-issued digital money and privately-run digital payments systems. Notwithstanding their rhetoric of democratization, these technologies threaten to undermine the fundamental balance of the sovereign public’s and private actors’ relative powers and roles in the financial system
Biden selected her because she has a plan, and he (or those pulling his strings) likes it.
Bitcoin is hard on my teeth.
Don’t you have to have cash to buy crypto????
Biden s the Manchurian Candidate in a nutshell. He’s just the puppet of larger global forces.
nailed it
Not necessarily. If you wanted to sell me your car, you could simply create a crypto wallet, tell me your public key and then I transfer bitcoin to your wallet. The ledger is totally open for the whole world to see, but the owner of the wallet is anonymous.
Agreed. Reading comments here I have to laugh that noone was the least bit alarmed at Trump executive order to digitalize the banking system.
I am clueless....thanks.
It’s bad enough with the government demanding its cut of every penny of interest you make. With CBDC, their snout would be permanently affixed to your bank account.
James Clapper flat out lied about the NSA spying on Americans. Snowden exposed that lie.
I want our spy agencies working for the American people, not viewing the American people as the enemy. Like so much of the government, the spy agencies have been corrupted and coopted.
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