Posted on 03/17/2023 5:43:33 AM PDT by Red Badger
What is better?
Exactly!
Just about any hard asset.
“Cash is still king.”
Would the Digital Dollar government program eventually eliminate actual cash dollars and coins?
In other words, would the digital dollar eliminate cash?
Not good if the digital money will mean all transactions are recorded.
The financial institutions already have electronic means of transferring money and buying and selling assets.
...not to mention the most invasive toy any government ever hoped to obtain!
Good summary of the same trend in England in this You tube video:
https://www.youtube.com/watch?v=DUHnC4DQS1M&list=PL9uxmQ2GV1AQ1UrneybugLwUfiiRph4fY&index=16
The right of the people to be secure in their persons, houses, papers, and effects, against unreasonable searches and seizures, shall not be violated, and no Warrants shall issue, but upon probable cause, supported by Oath or affirmation, and particularly describing the place to be searched, and the persons or things to be seized.
Digitizing your papers does not change the intent of the 4th amendment.
“To coin Money, regulate the Value thereof, and of foreign Coin, and fix the Standard of Weights and Measures;” Note the US Constitution explicitly gives the power to coin money. It does not mention anything about generating fiat currency. It’s ironic that Andrew Jackson’s portrait is on the $20 bill. Jackson would have dueled with the person that suggested that putting his likeness on fiat currency was a good idea.
There is a long history, going back to our founding to take “To coin Money” literally, as in minting coins with tangible value instead of printing paper with no tangible value.
Eventually we will have this system but it will be QFS so your digital wallet will be private to you only and not run through a bank. Hence no govt control of it. That’s going to be the difference between QFS and Fed coin. Nobody else can control your account except you.
Ammo dude, I'm saying your going to need LOTS of ammo in the NEW US of A..
For trade and negotiations with your brand new next door neighbors..
You art exactly right.....lots and lots of Pb.
I will give it wings.
oh, good grief, FedNow is nothing more than the Federal Reserve banking system’s effort to compete with PayPal, Venmo, Zelle, and other 3rd party instant cash transfer services ...
the current Federal Reserve “wire” transfer service is clunky, slow and expensive and being bypassed whenever possible by 3rd party services ... FedNow is attempting to bring the Federal Reserve’s cash transfer services into the 21st Century, about two decades too late to the party ...
not everything is a conspiracy ...
Note that Congress isn’t stopping this Final Solution to the conservative problem. We are F’ed.
Note that the GOP is doing nothing to protect us.
The government never misses an opportunity to grow bigger and control more.
(From the article) :" The Federal Reserve Bank of the United States has announced that it is launching an instant payment transfer service called “FedNow Service,”
which has features of a Central Bank Digital Currency (CBDC) and some analysts believe is the first big step towards a “digital dollar.”
"On Wednesday, within hours of our reporting that the Silicon Valley Bank and Signature Bank failures could spur renewed calls for the U.S. to implement a CBDC,
the Federal Reserve announced that the U.S. is rolling out the FedNow instant payment transfer service in July."
“The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch,” the announcement read."
(My Opinion): Total government control over buying and selling by using electronic digital "0's" and "1's".
Originally proposed by international banks to electronically verify funds internationally, the Federal Reserve (Central Bank Digital Currency (CBDC))
wants to go digitally in the domestic market.
This move totally eliminates a 'Free Market Economy' based on Social Credit score, political posture, previous voting pattern, support for current administration policies, etc., etc.,
all of which can be misused by a manipulative, or misguided administration.
This will replace the "Mark of the Beast" domestically if implemented by the Federal Reserve
No way to buy ammo even if you have guns.
They’ve already tried to do it.
Next up: During war a ban on conservatism.
That’s already been done by our allies.
Millions of police who today would not follow orders to round us up will readily comply when it means their family can’t eat the _next day_.
ALMOST EVERY person in the USA has bank transactions-—OF SOME KIND-small/ large/ white/ black/ asian/ eskimo/ fat/ thin/ dem/ rep/ liberal/ smart/ ignorant/-—ALMOST EVERYONE
No matter how mild mannered most tend to be-—this is a different ball game. This is a CONTROL SYSTEM THE USA HAS NEVER SEEN BEFORE-—AND CANNOT WITHSTAND. The banking system we have used for over 200 years works—this is OFF THE WALL EXPERIMENT.
How much $$$$$$ is it going to cost every bank to be in this system-—WHO pays for that?? HOW MANY BANKS ARE CURRENTLY IN THE USA—counting all branches??? NEW equipment? $$$$$$$
How much $$$$$$ is it going to cost EVERY business to be in this system???????? WHO pays for that? WHO PAYS FOR TRAINING??? WHO SERIOUSLY WANTS SUCH CENTRAL CONTROL???
EVERY MORTGAGE/CAR LOAN/PERSONAL LOAN/EQUITY LOAN WILL BE CONTROLLED BY A VERY SMALL NUMBER OF PERSONS.
What equipment will the populace/customers need to have? CAN THEY AFFORD SUCH???
AT WHAT COST??? WHO TRAINS THEM? AGAIN-AT WHAT COST???
EVERYBODY DOES NOT HAVE A COMPUTER OR CELL PHONE—especially persons over 60. NOT everyone has internet service. NOT everyone wants such. Internet services are sketchy NOW at best. RURAL areas have NONE. LOOK HARD at those ‘maps’ that show “COVERAGE”. BIG GAPS-—But people still live there.
IS Welfare going to pay for all the equipment everyone needs in that group???
WHERE are all those pieces of equipment right now??? HOW long will it take to make all of this & TEST it & get it all into place????
This is THOUSANDS/MILLIONS of pieces of fancy equipment-—For a population of over 330 million-—NOT counting the masses of ILLEGAL INVADERS-—WHO is going to supply them & train them with such equipment???
WHO has all of that on the shelf????
WHERE?
HOW MUCH??? WHO TRAINS THE USAGE OF SUCH???
Has such equipment been tested enough to prove worthwhile?
What monthly statements do bank customers get? How do they do their bank reconciliations? DOES each transaction have a number -like a check number does now??? I couldn’t begin to count the number of bank reconciliations I have done in my life-—from 10 checks to 7,000 ++ per month. For over 50 years. TO THE PENNY-—
Say a business give bonus checks at Christmas-—5 employees—each gets $2000. Jan bank statement show only 2 were cleared-—How do I ID the “OPEN ITEMS” on that bank statement??? NO check number-—What cross reference do I have???
Everyone has to keep their income tax records for 7 years.
HOW do they do that with everything electronic??? A person is lucky if they can get past transactions at their bank 90 days or so. 7 YEARS??? NOT GOING TO HAPPEN.
PAPERLESS SOCIETY??? A PHANTOM & a FRAUD-—Doesn’t exist.
IF YOU THINK THIS IS GOING TO MAKE YOUR MONTHLY/ QUARTERLY/ ANNUAL bookkeeping for your records & tax filings easier or better——THINK AGAIN. I have done alot of bookkeeping in my life-—had a big array of different clients-—THIS IS A DISASTER GOING OFF A SHORT PIER INTO DEEP WATER AT BREAKNECK SPEED-—with no recovery.
IF anyone puts in a wrong number-—YOUR bank account gets wiped out-—WHAT recourse do you have??? EVERYTHING will be electronic???? NO Paper??? WHO do you have to plead with?? ANYONE LOCAL—like I can now-—OR ONLY SOMEONE hundreds of miles away-—when they CONSOLIDATE ALL THE BANKS-—
AND—BIDEN & COMPANY ARE PICKING WHO WINS AS A NEW BANK-—That alone ought to scare the hell out of all ofus.
IF there is any level of POWER outage or brown outs-—ALL OF THIS proposed crap is all tangled up. NO transactions are happening-—or worse-—only HALF of the transaction happens-—NOT a complete transaction. TRY STRAIGHTENING THAT OUT!!!
They want all electric homes-—all electric cars-—on a grid that doesn’t exist now-—SO-—WHO has PRIORITY? HOME?? CAR??BANK??
LOTS of unanswered questions & I AM ONLY AN AMATEUR at such questions. I can do damn fine bookkeeping BUT I HAVE NO ACCOUNTING DEGREE & I HAVE NEVER READ AN ECONOMICS BOOK IN MY LIFE.
I predict a massive failure & meltdown.
THIS could provoke a response the “government” cannot handle ...
Everytime some mouth breather whines about immigrants sending remittances home and “draining America of dollars” I remind them that there is nothing magical about a piece of paper and that the government can always print more.
Everytime some mouth breather whines about immigrants sending remittances home and “draining America of dollars” I remind them that there is nothing magical about a piece of paper and that the government can always print more.
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