Posted on 01/15/2021 11:21:39 AM PST by delta7
"If some Congress members get their way, the Federal Reserve may soon be able to track many of your purchases in real time and share that information with government agencies. This is just one of the problems with the proposed “digital dollar” or “fedcoin.”
(Excerpt) Read more at ronpaulinstitute.org ...
It’s ok, the tv will tell people it’s for their own good.
No worries.
More good news...</s>
If the government does away with cash, we are totally screwed....
We just received it in the mail this week in the form of the
Economic Impact Payment Card.
We can use it like a credit card or ATM card.
I’m already cashless...........................
Bank account? You don’t need no steenkin’ bank account! 💸😤
China is already testing their digital currencies.
Think about it, with FedCoin, the Fed will have your wallet address. When the government authorizes a $1400 stimulus payment it will be made with a touch of a key. No bank intermediary. No direct deposit. No debit cards.
And then, when they think you are being a money launderer, they simply close down your account.
And then they will outlaw cash. No more than XX dollars in our possession.
And when people see how Orwellian this is, they will think Bitcoin was a breath of fresh air. Thats how bad it will be.
Bit coin and any other form is merely a stepping stone for their ultimate goal in a cashless society.
Revelation 13:
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
Complete with social credit scores.
PING!
This is diabolical. If we as Americans have to be part a government controlled financial system to buy or sell we will have become slaves. The instant we cross our masters they will shut our accounts and we will be unable to buy or sell anything and will starve frozen in place.
My town was wrecked by tornadoes in April 2011. Power was out for days. Local banks could not connect on line to clear with the Fed. ATM cards would not work. Cash kept things moving and kept us from going hungry.
The move to cashless is both stupid and evil. But of course, our government doesn’t give a half a $h!+ about our well-being or what we think. We have just documented that better than we ever have before.
Just another way to effect cancel culture.
You will be digitally disowned the way they flattened Parler...only this time by the government itself.
I got mine too never leave home without it
If they do go cashless we need to go all Wolverines on them
Yes. Even in the present day we live, as technology abounds, yet scoffers are plentious.
Consider the following prophecy:
Daniel 12:4
King James Version
4 But thou, O Daniel, shut up the words, and seal the book, even to the time of the end: many shall run to and fro, and knowledge shall be increased.
That time is upon us.
Any such digital dollar system will not work in a blackout, cyber attack, or natural disaster. It is both idiotic and diabolical.
More from Bitcoin.
https://www.btcnn.com/fed-introduces-new-cryptocurrency-fedcoin-heres-why-its-our-next-nightmare/
The timing of introducing Fedcoin is curious. Trump struck the creation of Fedcoin from the first stimulus package. I posted information on Fedcoin as many out here have no idea how quick it is coming, and for the skeptical.
“As written, Fedcoin will run parallel to cash, until?”
No one in Germany wanted to get rid of the deutschmark. To force Germans to accept the Euro Germany outlawed the deutschmark. You either converted them or you lost them. The same may happen with paper dollars.
One objective of that is to tax every transaction. When you pay the kid next door to mow your grass for ten bucks he will only get seven fifty. Or, you will pay more than the ten bucks. Whichever way you decide to do it. Democrats have tried to tax the “underground” economy for decades. One proposal was to add five hundred dollars to everybody’s tax bill because everyone benefited from the underground economy. (That’s money made at garage sales, bake sales and drug transactions. Oh, and don’t forget that fifty bucks your husband paid for a blowjob from the hooker on the corner.)
Now picture what a hacker could do to the entire country. Don’t tell me the system would be hack proof. It won’t be.
Disclaimer: Opinions posted on Free Republic are those of the individual posters and do not necessarily represent the opinion of Free Republic or its management. All materials posted herein are protected by copyright law and the exemption for fair use of copyrighted works.