PERSON: Everything isn't a conspiracy! There would be laws in place to protect people and their money. It would be against the law to deny someone access to their money without due process.
Posted on 09/24/2021 6:24:51 PM PDT by EBH
The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar?
On July 28, 2021, a new bill was introduced in the US House of Representatives. This bill, sponsored by Congressman Don Beyer,1) aims to regulate crypto-currencies. But it does more…
The bill is called the “Digital Asset Market Structure and Investor Protection Act”2) (“Digital Asset Bill”). And for the majority, it sets out future rules for crypto. However, hidden in this bill, changes to the foundation of the Dollar are proposed.
... After looking at what the FED is and isn’t allowed to do, we can look at how their authority is to be expanded. According to the Digital Asset Bill, section 11 of the Federal Reserve Act is to be amended to provide the Federal Reserve Board with new powers:
“(d) To supervise and regulate through the Secretary of the Treasury the issue and retirement of Federal Reserve notes (both physical and digital), except for the cancellation and destruction, and accounting with respect to such cancellation and destruction, of notes unfit for circulation, and to prescribe rules and regulations (including appropriate technology) under which such notes may be delivered by the Secretary of the Treasury to the Federal Reserve agents applying therefor.” 6) So far so good. But the next section, contains the real story. According to the Digital Asset bill, Federal Reserve notes will in the future also be issued digitally:
“Federal reserve notes, to be issued at the discretion of the Board of Governors of the Federal Reserve System for the purpose of making advances to Federal reserve banks through the Federal reserve agents as hereinafter set forth and for no other purpose, are authorized.
(Excerpt) Read more at decentralizedlegalsystem.com ...
We’ll see...
Nothing has intrinsic value; all value is extrinsic.
I agree. And they are going to make the benefits of not having cash so alluring that people will walk right through the digital currency door as if they were zombie-sheep with big smiles on their faces.
I was and am an advocate of using technology such as Apple Pay, simply because it is far more secure method than using a credit card alone. But that is as far as it goes for me.
I think I understand enough about human nature to see how our fellow man will use it to tyrannize us.
Indeed. We have to wait and see what the last straw will be.
Will there be a saving rapture this time
Or
Is the good Lord gonna wait?
The whole thing seems a little tethered and unbound for me. I understand the same people who say that about a fiat currency like ours, but this abstracts even that.
The last five years have reinforced one critical lesson for me:
Laws are made for those who follow them. Those who have no intention of following them and are privileged enough to not follow them because there are no ramifications of doing so, will break laws with impunity.
And do so.
There are reams of rules, regulations, guidelines, laws, penalties, and everything else under the sun relating to the PATRIOT Act and FISA warrants to protect us as American citizens from our own government’s actions.
And those who didn’t see fit to obey those laws simply...didn’t. They walked over them, around them, and through them. And nothing was done to any of them.
We live in a Constitutional Republic which means that instead of being ruled by men or by a monarch or tyrant, we are ruled by law. And those laws are now ignored.
Which means we no longer live in a Constitutional Republic.
“Well, Red China today utterly outlawed crypto-currencies - ALL of them.”
The ChiComm apes have banned Bitcoin at least seven times since 2013.
I’m afraid you’re right.
As far as really knocking down the population goes, taking down the grids would do that. Within a few months, millions here and billions around the world would be dead.
Yes, shutting off the lights would make their job pretty easy I think.
They just need to be in their $ Million $ bunkers before hand.
You’re right.
Their evil arrogance prevents them from realizing that eventually they will not be immune from their own vile deeds.
LOL
What we are now living in, due to the fact that our Constitution, laws and regulations are violated with impunity by quite a large percentage of those in positions of power, is a fairly benevolent dictatorship, with the mere trappings of democracy/the Old Republic still there to give comfort (and put to sleep) the populace.
The next step, if the Dims get their way with the courts, or immigration, or via a digital currency (or any combination thereof) is a less and less benevolent dictatorship as time goes on. Oh, those trappings, those fig leaves, will continue on for many, many decades and perhaps even centuries (if either the Chinese or our own profligate spending doesn’t collapse the entire (now rotten) edifice altogether. Why less and less benevolent? First, because anyone or any group with power ALWAYS wants more (or they perceive the need for more due to paranoia). Second, less benevolent = more efficient. It allows less time to be wasted, less kow-towing to the niceties of the Old Republic and certain key players in that Potemkin Village of a government, and also more open and greater corruption.
All of this is, of course, tragic on a grand scale. Someone young enough may be alive long enough to see the literal fall of this nation, which will be similar in effect to the fall of the Western Roman Empire in the 400s. I don’t want to live so long...and, anyway, I am sure to piss off some government official who will be able to send a van full of armor-clad ninjas to get rid of me.
That paragraph hit home.
I have taken the time to read some about the Roman Empire, and the similarities are just too depressing for me to consider. Reading Gibbons' "The History Of The Decline And Fall Of The Roman Empire" made my heart sink. The comparison to today is unavoidable.
Sigh. No Republic lasts forever. But I thought I would be long dead and gone before this one fell.
I am not so sure now. They seem to be greasing the skids.
“Sigh. No Republic lasts forever. But I thought I would be long dead and gone before this one fell.”
Interesting story. My paternal GF came to the US in 1923, having escaped from Russia just after the end of the Revolution. He needed to bribe his way out with gold coins (the last of which he kept, and I have). When he arrived, he had one brother and some distant family that he hadn’t even met since they had come here 15-20 years earlier. He was glad to get a job, any job, that worked him half to death, just because it paid the bills and a bit more, and he was FREE.
My father related a story from the early 1950s, when he was an older teen. Like most immigrants, my Russian relatives and their close friends stuck to each other like glue. Each weekend they would have a meal and (for lack of a better term) a bitching session. The Korean War was on, and naturally the discussion on this particular day turned to the Cold War with the USSR. After listening to the old Russians (not old by my standards now - they were in their 50s and early 60s) speak of the strength of Russia and how afraid they were, my father (with all of the wisdom of an arrogant, dumb-assed young man - his words, not mine) chimed in with “This is the richest and most powerful nation that has ever been. We stand astride the globe and can defeat any enemy or combination of enemies; the United States is forever, what are you scared old men worried about?”
Well, as you might imagine, my grandfather had something to say about that (and it was in his home, so the others deferred to him). He looked down at my father, this naive kid of his, and said, “Sonny boy, you listen to me. I grew up in Russia, the largest country on Earth, spanning 11 time zones. When I was 11 in 1912, there was a months-long celebration across the entire country of the 300th anniversary of the Romanov Dynasty. 300 years! My grandfather’s, grandfather’s grandfather couldn’t have remembered a time without a Romanov as the Czar of All the Russias [As an aside, I’ve done a lot of research on my family - that distant grandfather of his would have been born more than 100 years after Michael Romanov took power in 1612]. The Czar WAS forever. Yet, only 5 years later the dynasty was overthrown, and only a year after that the Czar and his whole family was murdered like a bunch of rabid dogs. Sonny boy, NOTHING is forever. Someday even this great country will cease to exist - but at least I will not live to see it. With bad luck, you may. Never forget thisa and be prepared.”
As an aside, my father didn’t live to see it, he died 9 years ago (but he did see that America-hating Communist, Obama, as POTUS, and he could read the writing on the wall). I am now 60 and healthy enough (I hope) to be around for a while - and, with bad luck, I may see what my grandfather feared and predicted.
A bunch of imitators of Louis XIV: “Après moi, le déluge” (”after me, the flood”). He spent so proflagately that he knew that France would never recover, and he didn’t care because for him only he and his pleasure was important, no matter the cost. I can give you 3.5 trillion reasons (to start) why that sentiment should sound awfully familiar to us.
God help me, I hate these selfish, corrupt, venal, power-hungry, arrogant, condescending, entitled assholes in government and their sycophants and enablers in industry, academia and the media with every fiber of my existence. They are gleefully rushing to destroy the greatest nation that ever existed, not a perfect nation to be sure, but the single ultra-powerful nation in all of history that didn’t use its power to conquer and enslave, but to bring opportunity and safety to hundreds of millions and inspire billions. The misery that they will (intentionally) create will dwarf anything that evil men like Hitler, Stalin and Mao have ever done...and most of them will die rich, powerful and privileged in the comfort of their beds in their mansions, to be lauded and glorified by their fellow conspirators. The injustice of that bothers me to no end...except that I know that there’s a higher level of Justice that takes everything into account perfectly, so someday, somewhere, these monsters will pay for their legion of crimes against humanity.
That. Just. About. Says. It.
Bkmk. Wow.
Nice to hear it from someone else (other than me) that faithfully...not alone here.
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