Posted on 11/18/2022 2:49:07 PM PST by Pollard
The Federal Reserve Bank of New York announced that it would be teaming up with global financial giants to launch a 12-week digital dollar pilot program.
The New York Fed’s experiment will review how banks are able to process digital dollar tokens within the central bank system and quantify their impact, with the assistance of the some of the largest financial institutions in the world.
Citigroup, HSBC Holdings, Mastercard, and Wells Fargo & Co. were among the major banks said to be participating in the trial, which was led by the Fed’s New York Innovation Center (NYIC), according to a press statement on Nov. 15.
The announcement was made shortly after news of the FTX scandal broke, which has shaken consumer confidence in digital currency and blockchain transactions.
“The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve,” said Per von Zelowitz, director of the New York Innovation Center.
(Excerpt) Read more at theepochtimes.com ...
Everybody say it with me now:
“What could possibly go wrong?”
The big run up to the cashless society and total economic control of citizens.
“What could possibly go wrong?”
Coming soon: The mark of the beast.
the frogs in the pot are sweating
Now what are the big wigs gonna use to snort their blow? Straws are outlawed, can’t roll a bill....😬
We already have digital dollars. So what is this?
Digital money is the most dangerous threat to liberty in history. When money is computerized, the individual can be instantly robbed of all of his purchasing power in a single keyboard entry ordered by tyrants.
In a digital system, you can be denied food purchases, rent, fuel and utilities and everything else you would want to buy. Even a computer glitch could leave you penniless and stranded.
We should be stopping this . But we won’t. The bad guys are winning.
Yep. They are pushing this hard now. Funny how this seems to have come on right after the election.
They will not impeach Biden. He is unaccountable because he is an elderly senile man, and won’t be prosecuted or held accountable for anything. They don’t want to put someone like Heels Up because she would be accountable, punishable, and impeachable.
Mark my words. While Biden remains President, they are going to push for this digital currency, as hard or harder than they did for Obamacare.
UC Berkeley renamed their stadium to FTX Stadium, in exchange for $17.5 million dollars. They unwisely took payment in crypto shares handled by FTX. Oops! All gone. Should have taken cash!
Yes, they can tie everything you do to digital currency. They can cut you off if you don’t do as they say.
vaccine passports, digital currencies - in plain sight at the G-20, while everyone was only concerned with some trivial personality issues:
16 Nov: The White House: G20 Bali Leaders’ Declaration
23 ...We support the WHO mRNA Vaccine Technology Transfer hub as well as all as the spokes in all regions of the world with the objective of sharing technology and technical know-how on voluntary and mutually agreed terms.
We acknowledge the importance of shared technical standards and verification methods, under the framework of the IHR (2005), to facilitate seamless international travel, interoperability, and recognizing digital solutions and non-digital solutions, including proof of vaccinations.
We support continued international dialogue and collaboration on the establishment of trusted global digital health networks as part of the efforts to strengthen prevention and response to future pandemics, that should capitalize and build on the success of the existing standards and digital COVID-19 certificates...
24. The COVID-19 pandemic has accelerated the transformation of the digital ecosystem and digital economy. We recognize the importance of digital transformation in reaching the SDGs. We acknowledge that affordable and high-quality digital connectivity is essential for digital inclusion and digital transformation, while a resilient, safe and secure online environment is necessary to enhance confidence and trust in the digital economy....
***32. We welcome the successful completion of the G20 TechSprint 2022, a joint initiative with the BISIH, which has contributed to the debate on the most practical and feasible solutions to implement CBDCs (CENTRAL BANK DIGITAL CURRENCIES)...
52. ...We thank international organizations, including the UN and its Specialised Agencies, World Bank Group, IMF, OECD, Asian Development Bank, ERIA, CEPI, European Investment Bank, GGGI, ICAO, IEA, IEF, IFAD, ILO, IRENA, FAO, FSB, Gavi, Global Fund, IAEA, Islamic Development Bank, ITU, Medicine Patent Pool, Sustainable Energy for All (SEforAll), OPEC, WEF, WFP, WHO, WTO, UNCCD, UNCTAD, UNDESA, UNDP, UNECE, UNESCAP, UNESCO, UNFCCC, UN Global Pulse, UN Habitat, UNICEF, UNIDO, UNOPS, UN Women, UNWTO and the G20 Engagement Groups (W20, L20, T20, S20, Y20, SAI20, P20, C20, B20, U20) for their valuable inputs and policy recommendations...
https://www.whitehouse.gov/briefing-room/statements-releases/2022/11/16/g20-bali-leaders-declaration/
I thought inflation was bad, destroying the value of paper money. All while the Feds tax us to steal what we have.
With digital, the Big Guy can instantly take it all at once.
Government could also intentionally freeze your bank accounts right at tax time and then fine/arrest you when you don’t pay your taxes.
I agree 100%.
Electronic currency is dangerous and evil.
All those things you mentioned are spot on and most important.
There are also a few considerations of less importance to consider as well: if you have a digital currency, you can have a negative interest rate.
And if you have a negative interest rate, you would have to spend your money or lose it. So the government would use negative interest rates to force people to spend money when they want them to. (If I understand that correctly, and I admit might not)
The big run up to the cashless society and total economic control of citizens.
——————
Put mildly.Biblical prophecy says much. End times? This is the last piece in the puzzle. Once developed and operating, ( will take precious time) cash will be outlawed by decree.
Expect a major worldwide financial crash and the unbelievers ( Biblically ignorant) will rush to it quicker than the fearful ran to get Biden’s clot shots.
The powers in charge will promise your pensions, retirements, social security checks , 401k’s etc will all be “ saved” by a digital cashless society, but that will fail as did Biden’s clot shots.
Exciting times.
Gotta wonder just how smart folks are when they are willing to trade their hard earned cash for air. After all, at the end of the day digital cash is nothing but air. Just like your local politicians.
Bears Repeating.
This.
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