Free Republic

The European Union (EU) is advancing plans to introduce a new “Digital Identity” that will be directly linked to a central bank digital currency (CBDC), a top Euro official has revealed.The plan was exposed Wednesday on social media by Dutch Member of the European Parliament Rob Roos.Roos posted a video on Twitter/X to reveal the outcome of a closed-door meeting between top Eurocrats about the plan to roll out the system to the public.After leaving the meeting, the MEP took to X to warn the public about the “very bad news.”Roos told his followers that one of the unelected bureaucrats...

September 20, 2023 Washington, D.C. – Today, the House Financial Services Committee considered Majority Whip Emmer’s (MN-06) CBDC Anti-Surveillance State Act. The bill was passed out of the Committee and reported favorably to the House floor during the markup session, an important step toward passing this legislation through Congress. Transcript of Remarks: Thank you, Chairman McHenry. I’m extremely proud to have this legislation, that frankly, I have been working on for three years at least, the CBDC Anti-Surveillance State Act, included in your markup today. It’s the first anti-central bank digital currency legislative effort introduced in the United States and...

It’s official: the Brazilian Central Bank has announced the introduction of its CBDC (Central Bank Digital Currency). It’s called DREX, the acronym for Digital Real Electronic X (real is Brazil’s currency), and the finished logo reveals the project is, in fact, quite advanced. Here’s the meat of the Central Bank’s press release: DREX is coming to facilitate the life of Brazilians. With a new face, our Central Bank Digital Currency project – created and operated by the Brazilian Central Bank – has its own name. Previously called Real Digital, it will provide a safe and regulated environment for new businesses...

Central bank digital currencies (CBDCs) are the digital form of a government-issued currency that isn’t pegged to a physical commodity (in other words, CBDCs are digital FIAT currency). They are similar to cryptocurrencies, except that their value is fixed by the central bank and equivalent to the country’s fiat currency, which is the US Dollar. The US Federal Reserve has not created a CBDC … yet. Our woefully corrupt El Presidente Jose Biden (more of a Latin American, tinhorn Banana Republic dictator than as US President) has ordered the study of a CBDC. Since everything Biden touches reeks of “boodle”...

The Federal Reserve is about to launch its new FedNow Service, allowing banks to transfer money instantly. But what many describe as just back-end plumbing for real-time payments could be a slippery slope to an "evil" central bank digital currency (CBDC), according to Rich Checkan, President and Co-Founder of Assets Strategies International. "I'm a big fan of FedNow. But I don't like that it's a slippery slope that leads to the evil of CBDC," Checkan told Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News. "This is not happening tomorrow, but the cornerstone is being laid, and now is the...

Propelling ahead at breakneck speed, the globalist elite are implementing their plan to utilize CBDCs embedded under the skin, aiming to abolish the Second Amendment.The World Economic Forum has called on Western nations to “urgently” ban cash and implement a Chinese-style social credit score system amid growing public rejection of the globalist agenda.The WEF urged world leaders to begin fast-tracking the implementation of CBDC’s during the “Summer Davos” event last week.For years now the globalist elite have been telling us about their plans to seize control of every aspect of our lives and turn the world into a giant prison,...

The Great Reset’s worldwide social credit system has arrivedhttps://gregreese.substack.comIn a recent Time Magazine article, Ray Dalio of Bridgewater Associates hedge funds warned that the world is on the brink of disaster. He came to this conclusion based on current events that haven’t happened since the nineteen thirties. The largest amounts of debt and inflation. The biggest gaps in wealth and values resulting in the rise of populism on both the left and the right against the elites. And the greatest international conflict between world powers, most importantly between the U.S. and China.Peter Onge writes that the easy way out of...

Federal Reserve announces July launch for the FedNow Service For release at 5:00 p.m. EDT Share The Service will Debut with Financial Institutions and the U.S. Treasury on Board CHICAGO – The Federal Reserve announced that the FedNow Service will start operating in July and provided details on preparations for launch. The first week of April, the Federal Reserve will begin the formal certification of participants for launch of the service. Early adopters will complete a customer testing and certification program, informed by feedback from the FedNow Pilot Program, to prepare for sending live transactions through the system. Certification encompasses...

House Majority Whip Tom Emmer (R-MN) on Wednesday introduced legislation to prevent the Federal Reserve from issuing a central bank digital currency (CBDC), which he and others say could surveil Americans’ financial activity. “Today, I introduced the CBDC Anti-Surveillance State Act to halt efforts of unelected bureaucrats in Washington, DC from stripping Americans of their right to financial privacy,” Emmer, a staunch cryptocurrency advocate, wrote (on Twitter). He continued, “Any digital version of the dollar must uphold our American values of privacy, individual sovereignty, and free market competitiveness. Anything less opens the door to the development of a dangerous surveillance...

Banking giants including BNY Mellon, Citi, U.S. Bank and Wells Fargo will be issuing tokens and settling transactions through simulated central bank reserves as part of the pilot.The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.In a Nov. 15 announcement, the New York Fed said the program would explore the feasibility of an “interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger” on a regulated liability network. Banking giants...

The United States is inching closer to issuing their own Central Bank Digital Currency (CBDC). The term FedCoin has been used for a shorthand reference to the US version of a CBDC. It would follow on the heels of several other governments around the world which have already launched their own CBDC, perhaps most notably the People’s Bank of China (PBOC). In addition to the White House’s Executive Order 14067 and the resulting Fact Sheet, most recently detailing several plans of action. This comes as several other nations have either piloted or officially released their own Central Bank Digital Currencies...

Friends, perhaps today’s Greatest Deception is Central Bankers, Governments & the Corporate/BlackRock Media Empire are selling to the world a requirement for a brand new form of digital currencies, one which the world’s central banksters will define, produce, distribute, regulate and CONTROL. 100% of digital currency rule making, ownership, taxation & control will rest in the hands of the same centralized control freak & issuers of the fiat currencies in use today. “We the people” the world over will merely be “allowed”, conditionally, to use their digital currencies according the rules, controls, restrictions, fees, terms & conditions of the central...

CBDC Caution A central-bank-issued digital dollar could enable a dark future.Few likely paid much attention when, on March 9, President Biden signed an executive order directing the government to begin developing a “central bank digital currency” (CBDC) to be issued by the Federal Reserve, alongside a framework to regulate private cryptocurrencies. But this was a moment to which close attention is very much due. CBDCs have the potential to become an unprecedented totalitarian nightmare.As the term implies, a CBDC is digital money that a central bank issues directly. You might assume that you are already using “digital currency” regularly...

The Federal Reserve Governor has urged the United States to be at the forefront of developing CBDC to maintain the U.S. dollar’s role as a global reserve currency. 22756 Total views 2 Total shares Listen to article 2:26 US must win CBDC race to maintain dollar's global reserve currency status: Federal Reserve GovernorNEWS The Fed’s governor has argued that The United States must be at the forefront of developing a central bank-issued digital currency, or CBDC, to bolster the role of the U.S. dollar as a global reserve currency. In a May 24 announcement, Federal Reserve Governor Lael Brainard asserted...

"Thank you so much, President Trump, for giving me this amazing blessing."

Ross Ulbricht has been pardoned by President Donald Trump

President Trump on Tuesday granted a pardon to Ross Ulbricht, the creator of the Silk Road drug marketplace and a cult hero in the cryptocurrency and libertarian worlds. In doing so, Mr. Trump fulfilled a promise that he made repeatedly on the campaign trail as he courted political contributions from the crypto industry, which spent more than $100 million to influence the outcome of the election. A Bitcoin pioneer, Mr. Ulbricht, 40, was sentenced to life in prison without the possibility of parole in 2015, after he was convicted on charges that included distributing narcotics on the internet. “I just...

Google says it is still 10 years away from quantum that can decode crypto, and new quantum-safe cryptocurrencies may emerge...Tim Hollebeek, has a simplified way of thinking about the breakthrough...He says imagine a maze...A classical computer...would try one potential path at a time..."A quantum computer would be able to try each path at the same time..."

It could be a hoax. It could be a bunch of kids having fun. It could be a lot of things; this is the internet, after all. Or it could be deadly serious. A startling and unsettling story appeared today — a story that was immediately amplified when the Drudge Report posted it: “A dark web ‘hitman’ is promising to kill Trump — if he raises $30,000 in crypto.” The message appeared on the so-called dark web — part of the internet with hidden websites and secret messages that are only accessible with specialized software, such as the Tor browser....

The European Parliament’s Sarah Knafo said it’s time to stop “totalitarian temptations” by the European Central Bank and adopt Bitcoin. European lawmaker Sarah Knafo called on the European Union to establish a strategic Bitcoin reserve while rejecting the proposed adoption of the “digital euro,” a central bank digital currency (CBDC) under development by the European Central Bank (ECB). Knafo, a French magistrate and a member of the European Parliament since June, delivered a pro-Bitcoin speech calling on European lawmakers to launch a strategic BTC reserve. “No to the digital euro, yes to a strategic Bitcoin reserve,” Knafo said in an...