Posted on 03/24/2020 7:09:09 PM PDT by rlmorel
"...The Federal Reserve banks themselves would also make available a digital dollar wallet to any U.S. person eligible for the payments as well. Additionally, the U.S. Postal Service would aim to help unbanked individuals and/or those without proper ID to establish their identity be provided a digital dollar account, and would set up ATMs for customers to access their funds..."
There is a lot to unpack in that one excerpt.
I am interested in hearing from other conservatives on this subject. I am pretty much a comparative dunce with respect to economics (although I have read nearly every Thomas Sowell book in an effort to learn more) and the concept of a digital currency at one point in my life sounded like a great idea.
Kind of like some of the liberal concepts young people hear that sound great, but as you get older and more experienced, you realize those concepts are aimed directly at young or ignorant people.
And so it is for me with digital currency. I enjoy using Apple Pay, but that is not "digital currency". It is a safer way of using your banked real currency than a credit card. You still have that real currency behind something like Apple Pay or other forms of purely digital transaction.
But when your money is completely electronic, you don't "own" it. There is an overseer that you do not control.
Fixed assets may come to rule.
There is Money and then there is money.
She needs to be expelled and arrested.
What was abortion funding doing in the original House version of the Bill? Who in their right mind proposes money to continue to kill babies in the same Bill that's supposed to be focused on saving lives?
Truth is some 90% of all money only exists on a ledger. Just look at your banks statement of total assets vs cash on hand.
“There is an overseer that you do not control.” No, but with digital currency they’ll control you.
Demorats are globalistic and fully support a world order and central world governance.....not surprissing they’d be promting a Digital Dollar because the seats at that table will depend on revenue flow they bring with them.
Two words “Democrats purpose”. That right there is reason enough to fall out and draw ammo.
Whatever funding the Democrats propose in Bills, you can count on their pockets being eventually lined with some of that funding money.
While this makes sense, there is a lot more to it than that. This would start us down the road of complete government monitoring and control of our financials. When fully enacted then it would put us into the cashless society. And if we don’t behave then we can be cut off. Not to mention the possibility that using such a currency might require at some point the use of certain “markings”.
Time to buy a larger mattress.
You didn’t mangle it. This idea is totally new to me and I get it.
Nasty, greedy idea!
The Dems prove themselves to be more evil every day than you thought they were yesterday.
There you go.
.
666
Digital money is advocated in “The Velvet Moneywrench” by John Muir, also author of “How to keep your Volkswagon Alive for the Compleat Idiot,” yes, the original! It is a holistic & green description of a takeover of North America. https://www.amazon.com/Velvet-Monkey-Wrench-John-Muir/dp/0943734398/ref=sr_1_1
Just like the “Harrad Experiment” outlined their intended changes to sexual relationships, the Monkeywrench shows wider intended changes.
“But when your money is completely electronic, you don’t “own” it.”
Especially when you have “incorrect thoughts” like most posters on FR.
What the hell were ANY of these things doing in there. If President Trump and the Republican Party do not drive the nails deeply into this perfidy during this election cycle, they don’t deserve to win.
I’m not expert on this issue, but wouldn’t digital dollars be vulnerable to ransomware?
My brother and I were talking about electronic currencies one night as we drove home, and the concept of using a hand print for purchasing. As we passed a lonely gas station, we both had the immediate vision of some guy, with outstanding parking tickets or something like that, putting his hand on the screen to purchase gas, and having a capture bracelet clamp down, holding him there and notifying the local police for a pickup!
Heh, we shook our heads...nope. No electronic currency and hand imprints for us!
As for those parking tickets, they won’t arrest you. They’ll just take the money out.
Physical money is freedom. Digital money is slavery.
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