Posted on 10/06/2021 3:38:01 PM PDT by UMCRevMom@aol.com
The BIGGEST FINANCIAL STORY OF OUR LIFETIME: Government surveillance system
Fakebook link, no thanks
DIGITAL CURRENCY
https://www.facebook.com/watch?v=4895279330500630
10/5 Wall Street Journal: Fed prepares to launch digital currency
Come on. It’ll only hurt for a second. LOL! Likely the $600 bank watch list. But who has $600 in the bank?
The U.S. is fast becoming like Rome but, the Rome that came after their collapse.
The Roman Empire exists only in history books. The U.S. that our founding fathers envisioned, will soon follow the footsteps of the Romans.
Probably just about that $600.00 thing that’s been in the news a week.
The only purpose of this legislation will be to harass and intimidate conservatives. The IRS will never investigate nor go after liberals.
Most important issues in U.S. today: voter integrity issues, our border, & public safety
1-Privacy issue: survelance system the Fed CBDC System would allow the central bank to see what every citizen did with their currency
2- Negative interest rates: digital currency with no cash
3- Ban crypto
https://www.youtube.com/watch?v=IvGyi3FvgT4
Perhaps, seriously, it is time to make a run on the Banks. Withdraw all cash but a bare minimum to keep the account open.
The peeps won’t do it though as it will mean having to exert some energy to go around and pay bills in cash.
Thanks Mr. Bongino. In a few months you can speak about how “you told us so”.
What are you or he talking about? Would be helpful to have the information shared in the FR discussion.
The U.S. is fast becoming like Rome
Nero, was of course 1st century AD. By the fourth century, coins that were supposed to be silver were just ‘silver washed’. What was supposed to be a silver denarius was only a copper denarius. But laws were passed requiring acceptance.
But gold was a different matter. The army was paid in gold and emperors were careful not to be caught shortchanging the army.
We kept silver in our money until 1964. After that what once were silver coins were just semi worthless copper-nickel. And our paper money ceased to honor the promise of “...one dollar in silver, payable to the bearer on demand”. Federal Reserve notes used to promise that they could be redeemed “for lawful money at at any Federal Reserve Bank.” They now just declare they are legal tender for all debts, public or private.
I’d say the removal of silver from our coins and the backing of silver for our notes is perhaps the bigger story. As long as our money was based on a valuable metal, politicians were limited in how much money could be issued. Unlike a printing press, silver (and gold) can’t magically appear after a vote.
Dan has Rumble channels...
This Is the Biggest Financial Story of Out Lifetime — Get Prepared
https://rumble.com/vnd2sh-this-is-the-biggest-financial-story-of-out-lifetime-get-prepared.html
WSJ by Jun Hungo
[Negative interests rates tried in Japan in 2016]
Japanese seeking place to stash cash started snapping up safes/ no negative interest rates
As you have heard else where: IRS wants to look at your bank account if you spend more than $600 a year balance or transaction
Agree totally.
Your really think I’m gonna put up with Facebook to watch this? Think again.
I would use cash if it would help save our nation from the socialists/communists
It’s not new, it was Executive ordered back in 2018. If you click the blue headline, you will see Mnuchins report on digitalization of banking and financial systems. https://www.hsdl.org/?abstract&did=818348
I just looked at my latest mortgage bill. Up almost $300 from a month ago. Apparently my insurance and taxes went up a year ago so not only do I have to pay that, but make up for what the mortgage company has been paying for the last year. After making my monthly payment, I have $24 dollars to live on til next Friday. This is going to get ugly.
Everyone had to know the government would take over digital currency.
Right?
Bongino postulates: Digital currency only possible way to go to negative interest rate
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