New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar

forrbes.com ^ | Mar 23, 2020 | Jason Brett

[blueyon]

As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.

[blueyon]

will Pelosi add that one must get a mark on their right hands or on their foreheads...sound more like a chapter in Revelation and a cashless society

[Vermont Lt]

If they turn to a digital currency, it will be the end of the dollar.

[Yosemitest]

Here's some FACTS on that DemocRAT proposal and just how much they want to screw the U.S. Citizen workers.

... “Speaker Pelosi unveiled legislation aimed at exploiting the COVID-19 public health crisis by attempting to force the inclusion of a socialist wish list of policies that have nothing to do with the public health and economic emergency,” said House Minority Whip Steve Scalise, Louisiana Republican.

After poring over the 1,400-page proposal, Mr. Scalise offered his characterization of Republicans’ objections to the following items:

Under the heading of “Union Giveaways”:

• Nullifies the White House executive orders on federal collective bargaining and codifies taxpayer-funded union official time.

• Requires a labor union representative on every airline’s board of directors.

• Multiemployer pension bailout lacking needed reforms.

• Permanently raises the minimum wage to $15 for any business that receives federal aid for COVID-19.

• Cancels all debt owed by the U.S. Postal Service to the Treasury.

Under the heading “Green New Deal priorities”:

• Requires all airlines that receive assistance to offset carbon emissions for domestic flights by 2025.

• Includes a $1 billion “cash for clunkers” airplane program where the Transportation Department buys fuel-inefficient planes from airlines in exchange for agreeing to buy new ones.

• Includes expansive new tax-credit for solar and wind energy.

Under “Student Loan Forgiveness”:

• $10,000 blanket loan forgiveness.

Under “Federalizing Elections”:

• Mandates how states must run elections, including the nationalization of ballot harvesting, requiring early voting, same day registration, and no-excuse vote by mail.

• Puts states at risk of costly litigation if they are unable to implement these stringent mandates ahead of the 2020 election.

Under “Immigration Provisions”:

• Requires the Homeland Security Department to automatically extend visas and work authorizations expiring within the next year, including those with Deferred Action for Childhood Arrivals and Temporary Protected Status, for an amount of time equal to their prior visa, authorization or status.

• Limits Customs and Border Patrol’s ability to shutdown processing centers if there is a health crisis on the border and requires CBP to assure the timely adjudication of asylums applications.

• Would allow certain funding to go to sanctuary cities.

Under “Overreaching Mandates on Businesses”:

• Permanent changes to who can serve on corporate boards of directors for companies that receive assistance for payroll and operating costs.

• Mandatory disclosure on supply chain management.

• Requires board diversity disclosure for all publicly traded companies.

• Ban on all federal rulemaking including non-COVID 19 proposals (extends 30 days after emergency) “in an attempt to delay the current administration from promulgating actions House Democrats disagree with.”

Under “New Permanent Mandates”:

• Virtually rewrites the Supplemental Nutrition Assistance Program policy with no reference to COVID-19 and permanently disallows rulemaking pertaining to work requirements and eligibility.

• Permanent expansion of Obamacare entitlement, “putting the American taxpayer on the hook for endless and unchecked health insurance spending and would remove all incentives for insurers to reduce the cost of health insurance.”

Mr. Scalise said the Democrats’ bill also excludes bipartisan health-care provision in the Senate bill, including a proposal to expand telehealth access for home dialysis patients, hospice and home health patients; and a measure to prevent a payment reduction for durable medical equipment to help patients’ better transition from the hospital to home.

“Instead of working in a bipartisan, bicameral way to provide this immediate relief, the speaker has proposed legislation that includes highly partisan provisions while excluding key patient care provisions that would have a real impact on Americans affected by COVID-19,” Mr. Scalise told his Republican colleagues.

[blueyon]

“’”If they turn to a digital currency, it will be the end of the dollar.”””

yep, right out of page from the bible

[Yosemitest]

What we need is “Digital DemocRATS”, and then we can DELETE THEM any time they get crazy !

[mad_as_he$$]

Nice summary! Thank you!

[Ann Archy]

HORRIBLE IDEA!!!! STOP THIS MADNESS!!

[Terry L Smith]

A digital dollar puts the people printing money out of work.

A digital dollar being run by all those old folks in Congress, who did not know what Mark Zuckerburg’s company does!

[griswold3]

Yeah. Like digital dollar ‘accounts’ will be secure. Riiiiight

[ronnie raygun]

This is a way to know how much you have and to easily get their hands on your money if they think you may have to much

[Lurkina.n.Learnin]

Existing dollars flow digitally all over the world every day.

[.30Carbine]

This entire thing has been setting the stage for the antichrist to come.
People of the Lamb get ready to go home.
Christ is coming for his own.
And then will be the greatest suffering this world has ever known.

[Tallguy]

Digital currency is not good or bad. It’s who controls it. If the government controls it, they can and will inflate away your assets. We’ve seen it before and they are doing it again with this national emergency.

[Caipirabob]

The demoncrat plan is DOA. President Trump said as much and spoke of it in the past tense, as if it were dead thing, and he did not want to touch it.

My prayers go out to all of the people afflicted by this virus, including those who have lost jobs to sustain themselves and their families. The hourly workers and the service people, the small business owners, restaurant entrepreneurs and everyone harmed in this crisis.

May our President be guided and strengthened by his faith and wise counsel, may the Lord lift him, guide him and protect him as he watches over our nation. And may the Lord give him the strength and power to send the nations enemies into the abyss.

[faithhopecharity]

Gawd. What a pile of krappy proposals. But if Pelousy is crazy enough to support such garbage, she should put each one forward as a congressional bill so it can be considered. What’s she’s obviously trying to do is sneak this rubbish into law without any meaningful consideration, analysts, or debate. Just like she crammed Obamacare through Congress. And we all know what that fix yo the country

[Susquehanna Patriot]

Or lock you out of account access and/or prevent certain transactions (e.g. limits on food/alcohol/tobacco; airline tickets, etc) because of a progressive social behavior score that the government run by leftists have assigned to you indicates risky, dangerous, or anti-social behaviors.

[rlmorel]

A “digital dollar” isn’t “forward thinking”. It is a form of tyranny.

[CincyRichieRich]

President Trump either read The List of Demands by the Democrats in the stimulus bill or he will lose the argument. There are not enough media Outlets to give this the correct coverage of what it is. Nobody will ever know what is in it and I don’t care how artificially angry McConnell gets from the senate floor. That is all fake. We will have more rights taken away from us if President Trump does not read The List of Demands at one of his press conferences. A digital dollar are you kidding me that is how they will take every bit of money away from us whenever they want. And that is how storing hundred dollar bills in 20s and keeping cash becomes illegal.

[PGalt]

State by state deaths (which can be easily fudged,,,attributed to CoVid-19 divided by cases ...which can be easily fudged...attributed to CoVid-19) or deaths divided by population of that state. Do that math. STAT. SHUT DOWN A NATION PROPAGANDA SUPER SPREADERS.

LARGEST PSYOPS in world history. Should be open season on ‘rats and propagandists for the damage they have done, the anxiety, stress and destruction they have caused.

[Madam Theophilus]

The dream of a cashless society based on IMF credits has been the globalist plan since the 50’s.