Posted on 04/09/2022 6:35:11 AM PDT by RandFan
@MaajidNawaz
“The general manager of the Bank for International Settlements says The Central Bank wants to have 'ABSOLUTE CONTROL' over your money... when people say something, believe them”
Clip...
(Excerpt) Read more at twitter.com ...
Turn over control of YOUR money and it becomes THEIR money
Digital Cash: A Threat to Freedom
The DEMONcRAT Party: A Threat to Freedom
The current totalitarian Federal Government: A Threat to Freedom
Damn straight it’s a threat to Liberty. Bad enough they can seize accounts, DJ digital money seizes your life. And no matter what they say, there are no protections.
And here we have another example of complaining about the barn door when the cows aren’t even in the county anymore. The ships sailed, 2 laps around the planet at least. Digital cash took over in the 90s. And it ain’t going away. Glad you finally noticed.
Is amazing the number of digital transactions that take place on a given day. Are none of those transactions guaranteed or only those transactions in excess of a stated $ amount ?
For those who are not aware, CBDC is NOT crypto currency. It is not an open ledger. It is not independent. It is not “universal.”
CBDC is nothing more than an account with the Fed. It is going to be used to control taxation. It could be used to control behavior. Every single transaction will be traceable and if you are doing business with the wrong person(s), either they or you could be shut off.
In the event of an emergency (natural disaster or otherwise) you are going to be no better off than the folks with EBT cards at the grocery store when the card readers go off.
CBDC will work for the Fed. They will not really enhance YOUR life all that much.
I think they’re all guaranteed to whatever level the issuing bank guarantees anything. None of it is terribly difficult. That’s part of why it took over. It’s all in the computers anyway. Your bank account, and all your transactions. If you get cash it’s still a digital transaction. If you write a check eventually it’s a digital transaction. Once the banks computerized that’s the stuff that mattered.
I now see the value it has is not as money, but as Absolute People Control.
Not a certainty this transaction will happen has been what have been told last time better half and I purchased a home. Don’t purchase a home often but was told it was a wire transfer and the money was not insured and if was lost their was no recourse to get the money back. I was shocked but at that point was too late to stop the already begun transfer
Transaction did complete without a hitch btw but made me say wth
Y’all have no idea.
Every fed reserve note has a serial number that is tracked as it passes through the banking system.
Digital currency will just allow more granularity
Now maybe what they were referring to is that it can’t be undone. You can’t challenge it like a card or regular check transaction. Which would mean that if somebody has scammed you into giving them a wire transfer nothing can be done. That’s part of why the real estate industry likes them. Once you wire transfer that money it’s THERE, you can’t get it back. Depending on how things go down they might refund it, but you can’t suck it back from your end.
Absolutely correct. Every year I have seen an increase in the percentage of card business I do. It is now over 80% of receipts are by debit or credit cards at my shop.
Every transaction; location and time can be tracked. And in most cases, exactly what you purchased or sold.
I bought a burrito.... whoa... I just got serious deja-vu.
Weird.
May never purchase another home but if do make a purchase I will not wire transfer due to potential loss via transfer which was told no transfer has been lost but there was no guarantee the money was going to arrive per designated destination therefore for that reason I’ll never be a party to another wire transfer. The exchange will be handled another method or no meeting of the minds will occur
If arrival wasn’t guaranteed the real estate industry wouldn’t like it. There’s no potential loss. I really think they were just telling you it couldn’t be reversed if you decided you want to do it. I did a wire transfer last year, they said something about it being irreversible. The way wire transfer works it is 100% guaranteed that the money will go from account A to account B. And that level of guarantee means that if you change your mind, or it turns out who you’re transferring the money to is a scammer, you can’t get it back.
That’s my reading. It’s all pretty clear. Your complaint is you misunderstanding.
I got a Where’s George dollar once. I did the thing. Nobody had hit the website for that dollar before. Then I forgot about it and never checked. It is strictly for amusement.
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