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Keyword: cbdc

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  • Donald Trump: "I will never allow the creation of a Central Bank Digital Currency (CBDC)"

    01/23/2024 12:57:11 AM PST · by RandFan · 29 replies
    Twiter/X ^ | Jan 22 | Insider Paper
    @TheInsiderPaper WATCH: Trump says he will never allow creation of Central Bank Digital Currency (CBDC).
  • Emmer’s CBDC Anti-Surveillance State Act Passes Financial Services Committee

    10/02/2023 2:55:40 AM PDT · by EBH · 25 replies
    Emmer House ^ | 9/20/23 | Theresa Meyer
    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...
  • CBDC Means Central Bank DIRECT Control (Central Bank Digital Currency Is Frought With Moral Hazard Risks)

    08/13/2023 8:50:58 AM PDT · by Kaiser8408a · 3 replies
    Confounded Interest ^ | 08/13/2023 | Anthony B. Sanders
    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”...
  • WEF Launches 'Mark of the Beast' CBDC Microchip To 'End Gun Ownership in America'

    07/15/2023 7:04:00 AM PDT · by Jan_Sobieski · 66 replies
    Rumble ^ | 07/15/2023 | The People’s Voice
    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,...
  • Bill Introduced To Ban Fed From Issuing CBDC

    02/23/2023 10:45:48 AM PST · by Golden Eagle · 8 replies
    Technocracy ^ | February 23, 2023 | Sean Moran
    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...
  • NY Fed launches 12-week CBDC pilot program with major banks

    11/24/2022 6:57:26 PM PST · by ransomnote · 48 replies
    cointelegraph.com ^ | Nov 15, 2022 | Turner Wright
    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...
  • Global CBDC Rollouts Continue: FedCoin and FedNow, Explained

    09/26/2022 10:00:07 AM PDT · by Pollard · 38 replies
    Supra Oracles ^ | 9/23/22
    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...
  • CBDC Caution

    03/22/2022 1:53:03 PM PDT · by Heartlander · 14 replies
    City Journal ^ | March 22, 2022 | N. S. Lyons
    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...
  • US must win CBDC race to maintain dollar's global reserve currency status: Federal Reserve Governor

    06/24/2021 10:15:50 AM PDT · by gattaca · 34 replies
    Coin Telegraph ^ | May 25, 2021 | BRIAN QUARMBY
    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...
  • All Central Bank Digital Currencies (CBDCs) banned in America!

    01/23/2025 5:15:19 PM PST · by FLT-bird · 14 replies
    Treasury Secretary nominee Scott Bessent declares it during Senate hearing for his confirmation. CBDCs are Fascist Coin. A CBDC would effectively give the government total control over each person's money individually....a level of control even Orwell never dreamed of.
  • Gold Clause & CBDC

    12/30/2024 8:57:56 AM PST · by delta7 · 29 replies
    Armstrong Economics ^ | 30 Dec 24 | Martin Armstrong
    QUESTION: Regarding CBDC, will they convert all the savings/cash in your bank account, will they convert everything in your brokerage accounts (all stocks etc.) will they go after gold and silver you have in storage (Brinks, for example)? KS ANSWER: Everything will be converted to the new CBDC. The money in your bank account is already just an electronic book entry. This is why banks are closing branches everywhere in the USA as well as Europe. They are preparing for CBDCs, which means without physical paper money, bank branches are no longer needed. You can deposit a check on your...
  • ‘No to CBDC, yes to Bitcoin’ — European MP calls for EU BTC reserve

    12/17/2024 3:06:12 PM PST · by EnderWiggin1970 · 27 replies
    CoinTelegraph ^ | 12/17/24 | Helen Partz
    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...
  • Savings app CEO says 85,000 accounts locked in fintech meltdown: ‘We never imagined a scenario like this’

    06/14/2024 6:28:47 AM PDT · by george76 · 24 replies
    CNBC ^ | JUN 1 2024 | Hugh Son
    For three weeks, 85,000 Yotta customers with a combined $112 million in savings have been locked out of their accounts, CEO and co-founder Adam Moelis ... The disruption, caused by a dispute between fintech middleman Synapse and Tennessee-based Evolve Bank & Trust, has upended lives... “We never imagined a scenario like this could play out and that no regulator would step in and help,” . ... his company has been a source of deep pain for thousands of customers who relied on Yotta accounts to receive paychecks, pay bills and save for emergencies. The crisis began May 11, when a...
  • Now trains are hit in Crowdstrike outage as ticket machines and scanners go down at London stations on one of year's busiest travel days - while families queue at Dover and 28,000 Brits battle to fly home with another 45 UK flights axed today

    07/20/2024 6:24:52 AM PDT · by george76 · 27 replies
    DAILY MAIL ^ | 20 July 2024 | EMILY JANE DAVIES
    undreds of flights were cancelled at British airports yesterday due to the fault ... Travel disruption is continuing today as trains are hit in Crowdstrike outage with ticket machines and scanners going down at London stations. The meltdown chaos comes after the world's biggest IT disaster struck, with thousands of Brits stranded abroad. It happened on one of year's busiest travel days, with families now desperately queuing at Dover Port in an attempt to get home. After another 45 flights were cancelled today, 28,000 Brits are fighting to get a seat on a plane. Some passengers stuck overseas have been...
  • House votes to block Federal Reserve from creating own digital currency

    05/24/2024 11:45:08 AM PDT · by SeekAndFind · 30 replies
    Fox Business News ^ | 05/24/24 | Elizabeth Elkind
    The House of Representatives on Thursday voted along bipartisan lines to advance legislation blocking the Federal Reserve from creating its own central bank digital currency (CBDC). Three Democrats joined all Republicans in voting for the bill — moderate Reps. Jared Golden, D-Maine., Mary Peltola, D-Alaska, and Marie Gluesenkamp Perez, D-Wash. The CBDC Anti-Surveillance State Act was led by House Majority Whip Tom Emmer, R-Minn., and backed by Republican members of the House Financial Services Committee. If passed in both chambers of Congress, the bill would be a significant step toward curbing the federal government's ability to regulate cryptocurrency, but it's...
  • US House Passes Bill To Ban The Federal Reserve From Creating A Central Bank Digital Currency (CBDC).

    05/23/2024 11:06:22 AM PDT · by Enlightened1 · 19 replies
    X (formerly Twitter) ^ | 05/23/24 | Watcher Guru
    US House passes bill to ban the Federal Reserve from creating a Central Bank Digital Currency (CBDC). https://x.com/WatcherGuru/status/1793702722480550398
  • The World Economic Forum Told Us Their Plan. This Is Our Future If Democrats Win The 2024 Election

    05/22/2024 8:34:35 AM PDT · by george76 · 23 replies
    X twitter ^ | May 22, 2024
    Total Control: Individual Carbon Footprint Trackers that will definitely be programmed to Central Bank Digital Currency’s.. “We're developing through technology an ability for consumers to measure their own carbon footprint. What does that mean? - That's where are they traveling. - How are they traveling. - What are they eating. - What are they consuming on the platform. So individual carbon footprint tracker. Stay tuned. We don't have it operational yet, but this is something that we're working on.”
  • They Are Coming for Alito and It Has Nothing to Do With Upside Down Flags

    05/20/2024 5:35:12 AM PDT · by Texas Fossil · 40 replies
    The Conservative Treehouse ^ | May 19, 2024 | Sundance
    The IC is coming after Judge Sam Alito, but not because of his non pretending, general J6 disdain, solid grasp on the fraud that is Joe Biden, or his wife having an upside-down flag (although the non-pretending aspect is very troubling for them). No, the IC has been coming for Justice Alito since Chief Justice John Robert’s internal court counselor’s lead office staff, Sheldon Snook, the husband of Mary McCord, leaked the Alito decision [Dobbs Decision] overturning Roe and sending the abortion issue back to the states.The Sheldon Snook leak, hidden by Justice Roberts due to the origination from his...
  • China's Big Development Could Set World Up for Mark of the Beast (==> 2021 Video)

    05/11/2024 3:51:58 AM PDT · by SaveFerris · 26 replies
    CBN News YouTube ^ | Jul 6, 2021 | CBN News
    Bit of an older video which I'm going to use as a lead-in to a video from a woman shopping in China (6-month old video). In her video (which follows) she must have a phone app tied to a Chinese bank account and MUST have FACIAL RECOGNITION to authorize the spending from that account. Rich or Poor Free or Bond (slave, essentially) Great or Small (Famous or not famous) THIS is how various governments around the world will control their citizens. You don't have to believe it; but you can watch it continue to unfold.
  • Vietnam’s new biometric ID cards raise fears of privacy violations, data breaches

    Communist Vietnam’s amended 2023 Law on Identification, which comes into effect on July 1, will mandate iris scans, fingerprints, and facial images as biometric data to be collected and stored for the registration of Vietnamese identity cards. According to Le Tan Toi, Vietnam’s chairman of the National Defense and Security Committee, an individual’s iris does not change over time and is a better basis for identity verification than other characteristics, like fingerprints, that may be damaged or altered. Based on the amended law, government authorities will have the ability to key in citizens’ biometric details, including records of blood type,...