Posted on 11/25/2022 10:19:46 AM PST by Kaiser8408a
Despite The Federal Reserve removing some of the monetary punch bowl, Bankrate’s 30-year mortgage rate declined to 6.77% yesterday.
Catch a rising yield and put it your pocket. European sovereign yield are up over 10 basis points today.
On this side of the pond, The Federal Reserve has begun their experiment with big banks using digital currency. This is a step towards going to a cashless economy.
Why is this terrifying? Blockchain technology is a fantastic innovation for processing payments given its ledger capabiliities. But that means that The Federal Reserve might be able to look at your complete history of expenditures. Or worse, perhaps even shut down your ability to make payments, This may lead to a China-style “social credit score” where the Fed and the Federal government punish people for driving “too much” increasing your carbon footprint or eating non-Federal government approved foods and lowering your social credit score.
Will there be safeguards? Allegedly, but remember the FBI hid Hunter Biden’s laptop prior to the Presidential election of late 2020. And HOW did our nation’s regulators completely drop the ball on Sam Bankman-Fried (or Spam Bankfraud)?
Thus, it is an Experiment in Personal Liberty Terror.
Sorry, the poster for Experiment In Terror looks like Biden sniffing a teenager girl.
(Excerpt) Read more at confoundedinterest.net ...
So what does one do with all his/her money in the bank? Buy PMs? Buy guns & ammo?
Asking for a friend...
“A cashless society is the end of liberty.”
A cashless system would be an economic & psychological disaster.
Cash is great at greasing commerce in nooks & crannies that major business operations aren’t really interested in.
I’ve been hearing about the potential cashless system my whole life, yet it still hasn’t happened, so I’m going with historical precedent.
Which is: “It won’t happen.”
Legal tender for each state issuing them, and more states will be going to them eventually:
https://www.jmbullion.com/1-new-hampshire-goldback-gold-note/
Arum notes. Come in small denominations.
Very, very pretty too.
I would agree with you except for one thing. All my life there was not the connectivity and dependence on devices as there is today. Today it can be done.
“I would agree with you except for one thing. All my life there was not the connectivity and dependence on devices as there is today. Today it can be done.”
True.
Modern Technology may make it seem feasible to some people.
I don’t care for it because I like people to have many financial options, one of those options being cash.
Well I think as FDR did they will outlaw Gold and Silver ownership, it has been done, something will trigger the switch, a crash, hyper inflation, something..Guns and ammo are a good barter tool, I think Barter will make a big comeback.
To bring all under the rule of Satan.
I totally agree with you
but today, like no other time, this monstrosity is feasible.
Plugs Biden said a week or so ago that the economy was going to get much worse...So in saying that something will have to happen to usher in Digital currency. Come December the Federal Reserve rolls out Fed Pay..All transactions will flow through the new Federal Reserve payment processing system. Sometime next year Fed Coin.
I’m well-prepped with those, food, water, TP etc etc etc, since 2003. I was always skeptical of Gold/Silver; I prefer Brass/Copper/Lead by fators.
I think Barter will make a comeback. One thing not to barter is ammo as they can shoot it back at you. One thing all these people working under the table and Pot sales will stop or least till they legalize it nationally,
(To bring all under the rule of Satan.)
Absolutely.
The god of this world 🌎🌍, Satan, is one smart cookie. He is maneuvering this world and will subdue it by his anti-messiah and his False Prophet.
The Tribulation saints shall resist them, be martyrs and shall gain eternal life by their testimony of Jesus Christ.
Revelation 20:4
2nd Corinthians 4:3-4
Good point!
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