Posted on 04/25/2023 4:00:27 AM PDT by Carriage Hill
Under the leadership of President Joe Biden, the White House and the Federal Reserve have started to lay the groundwork for a programmable, trackable, easily manipulated digital currency. It might sound like something from a dystopian science-fiction novel, but it’s all too real, and it could soon change life in America forever. In March 2022, the Biden administration released a sweeping executive order that directed numerous federal agencies to crack down on digital assets, including on popular cryptocurrencies, as well as to study the potential development of a central bank digital currency (CBDC).
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There was a great article in a financial publication a few years ago about what had emerged as a new “currency” in the U.S. drug trade: laundry detergent. Apparently it had become an attractive alternative to cash for drug traffickers in urban areas for a whole bunch of reasons:
1. It is a common household product that is widely used.
2. It is legal to buy and sell it — and can be bought and sold even in bodegas in the worst neighborhoods.
3. It has a value relative to its weight that makes it more valuable than most other common household products.
4. It is easily transported — and without attracting any attention from law enforcement.
5. It can be bought by end users with almost any form of payment — cash, credit/debit cards, EBT cards, barter, etc. This means it is easily convertible to another medium of exchange, and has an underlying value that isn’t tied to what we think of as “money.”
Bidet’s already signed the EO 14067, to implement it.
The CCP has been using ‘digital currency’ on their people, to control them, for the past 8yrs.
Okay. What are you going to buy laundry detergent with, if not cash?
I’m thinking your digital currency will not allow massive purchases.
Oh you’ll be able to buy a bit with cash. For a little while.
I say the digital currency will limit you on how much you can buy or sell of anything - under the guise of “hoarding”
But I admit that’s just a guess for now
But I had no idea they were doing this, so new information, thanks
Yep. That Jim Rickards commercial said it happened last year, IIRC
Unless we all start using cash, daily, as much as possible.
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Great idea except for one thing: WHERE are you going to get the cash? And if you have a few bucks where will you spend it when all businesses are required by law to refuse cash?
This plan will require technology, which is subject to electromagnetic pulse. And. Periodic failures due to electrical spikes, thunderstorms, whatever... you cannot base a monetary system on data because data is bytes and bits in which the integrity is easily compromised after which it is beyond “restoration.”
>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Could it be that that’s the goal?
at this point, they might as well just do what the Khmer Rouge did and just stick us all in the countryside.
I think there’s a legitimate question out there about what constitutes “digital currency” vs. “cash.” I think I’ve had more than $250 in cash on my person only once or twice in the last 20 years — which means almost all my money and purchases are “digital,” anyway.
[when all businesses are required by law to refuse cash?]
That’s pretty much where I believe it will happen.
Though it will happen at the bank level first, IMHO.
A law determines that digital currency is the only “legal” currency and that cash must be used by a certain date or the banks will be under obligation to refuse it as worthless paper / coinage. ATMs as currently known, would cease to exist.
Except maybe ATMs to recharge a token / your cellphone (as pictured in one set of my Amazon pics - I’ll have to look to see if it’s in the set I posted)
Yeah I miss the 1990’s. I had (rarely) a few $1,000 bills on occasion but $500 bills were great.
Heh, those days are long over for me.
Now I’m lucky when I see $100 bills...ouch
Schawb has already stated that the global elitists goal is for us to own nothing. And be happy about it.
Cigarettes. Marijuana. Liquor. 60 minutes of time charging someone’s iPhone with your power source. Etc., etc.
That’s the whole point … the laundry detergent IS the currency.
Get over here bro. 😆
Indeed
NWO Globalist that he is
Then when my SS goes digital I’ll be out of money over there.
Like I’ll be out of money over here.
Hah.
We sure do live in interesting times.
Do it now.
enabling... .identification
Last time I reentered the USA from overseas, the passport agent said “look here” (digital eye scan) and said my name before I handed him my passport.
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