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Keyword: cbdc

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  • Money for Nothing and Nothing for Money

    12/17/2023 6:03:34 AM PST · by MtnClimber · 6 replies
    kunstler.com ^ | 15 Dec, 2023 | James Howard Kunstler
    “Society lives and acts only in individuals…. Everyone carries a part of society on his shoulders; no one is relieved of his share of responsibility by others. And no one can find a safe way out for himself if society is sweeping towards destruction. ” —Ludwig von Mises Remember, you are a sovereign individual and the blob in our nation’s capital city is an undifferentiated mass of feckless protoplasm. You contain a cosmos of ideas and aspirations. The blob is an agglomeration of sham and failure. The blob stands for itself, not for our country. You and I can stand...
  • The Digital Surveillance Cage For 2030

    12/05/2023 12:17:26 PM PST · by Perseverando · 16 replies
    Agenda Weekly ^ | December 1, 2023 (?) | Curtis Bowers
    With the new “50-in-5” program, the United Nations, the Gates Foundation, and the Rockefeller Foundation are attempting to get 50 countries within 5 years to go fully digital on all information. This includes payments, tracking, tracing, recording, and monitoring of every citizen. Censorship, surveillance, and a retaliation mechanism are the three primary components the elites are implementing to trap all who seek freedom in a digital prison. Once a digital ID, CBDC, and a global data-sharing network are added to their arsenal of weapons, all resistance will be easily crushed. Now is the time to prepare and set up parallel...
  • Saving America Starts with Rejecting Digital Currency

    12/05/2023 6:10:22 AM PST · by MtnClimber · 8 replies
    American Thinker ^ | 5 Dec, 2023 | Scott S. Powell
    America in the twenty-first century has been on an accelerating descent not unlike what befell ancient Rome. For some four centuries Rome’s Senate and constitution provided continuity which sustained the Roman Republic through various challenges. But in the end, what befell Rome from barbarian invasion, political corruption, and mobs that were manipulated and used by its Caesars, was a rampage against reason and freedom, leading to the Republic’s demise and transition to a centralized imperial authority under emperors. America's style and state of political decline and cultural degeneration differ in many ways from that of ancient Rome, but the big...
  • 10 US Banks Participating in Test of Interoperable Digital Money Platform

    11/29/2023 4:51:33 PM PST · by Twotone · 31 replies
    PYMNTS.com ^ | November 15, 2023 | Staff
    Ten members of the banking community are working with the New York Innovation Center (NYIC), which is part of the Federal Reserve Bank of New York, to explore the feasibility of the regulated liability network (RLN) — an interoperable digital money platform. The proposed RLN would use distributed ledger technology to improve financial settlements and would include central banks, commercial banks and regulated non-banks, the participating firms said Tuesday (Nov. 15) in a press release. “The 12-week PoC [proof of concept] will test a version of the RLN design that operates exclusively in U.S. dollars where commercial banks issue simulated...
  • IMF Releases Digital Currency Handbook for World's Central Banks

    11/21/2023 7:43:55 AM PST · by george76 · 24 replies
    Epoch Times ^ | 11/20/2023 | Naveen Athrappully
    Central bank digital currencies can push the world away from depending on the U.S. dollar, the organization said. . The International Monetary Fund (IMF) released a handbook for global central banks regarding the development and implementation of central bank digital currencies (CBDCs). The IMF’s “Central Bank Digital Currency Virtual Handbook” published last week pointed out that the increased use of CBDCs can “reduce dollarization” of the global economy—a situation where countries move away from relying on the U.S. dollar as a reserve currency. De-dollarization would push up borrowing costs in the United States, making loans expensive for businesses and individuals,...
  • EU Pushes CBDC-Linked ‘Digital Identity’ for All Citizens

    11/09/2023 12:15:28 PM PST · by Tench_Coxe · 43 replies
    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...
  • Direct deposits delayed nationwide due to ACH banking system issue

    11/03/2023 11:41:40 AM PDT · by EBH · 61 replies
    KDVR ^ | 11/3/23
    DENVER (KDVR) — Some people are not getting their paychecks Friday due to a banking system issue. Deposits are reportedly delayed at multiple banks across the U.S. The Federal Reserve is reporting an issue with the Automated Clearing House, which is the primary system agencies use for electronic funds transfers. Customers of Bank of America, Chase, U.S. Bank, Wells Fargo and other banks have been reporting issues with deposits on X, formally Twitter, and Downdetector. Both Chase and Bank of America gave statements to CNN, confirming that some deposits may be delayed. The Fed reported a batch of transfers had...
  • WEF: Somebody has to be in charge of rationing freedom

    10/13/2023 10:29:14 AM PDT · by MtnClimber · 40 replies
    MARK E. JEFTOVIC ^ | 8 Oct, 2023 | MARK E. JEFTOVIC
    That’s why only Central Banks can create digital currenciesThe Fed recently put out a white paper, Data Privacy for Digital Asset Systems, which contends that the expectation of privacy in digital currencies (read: CBDCs) stems from misunderstanding how digital systems work. “Concepts such as the desire for ‘cash-like anonymity’ are based on false underlying assumptions.”, is the crux of it (quick, somebody tell the Monero team, and everybody else already deploying anonymizing protocols and applications for digital assets). The subtext is that there can be some privacy and confidentiality safeguards built into CBDCs, but at the end of the day...
  • “It’s Not Coming; It’s Already Here”

    10/01/2023 4:23:52 PM PDT · by delta7 · 59 replies
    Dail6 R3ckoning ^ | 25 Sep 23 | James Rickards
    When I talk about the war on cash and a cashless society, some people think I’m exaggerating the threat or they don’t take it seriously. But I’m not exaggerating the threat. It’s here, it’s growing and it’ll only get worse. Today I’ll show you the latest example. The proponents of the cashless society cite convenience as a major benefit. Why bother having to tote a bunch of cumbersome cash and coins around when you can just swipe a card or pay with your smartphone? Besides, they say, cash enables criminal activity on the black market. Cash is the money of...
  • We are surrendering to a cashless society that requires digital passes and digital IDs

    09/28/2023 8:00:51 PM PDT · by Roman_War_Criminal · 36 replies
    The Exposé ^ | 9/26/23 | Rhoda Wilson
    The UK proposes closing up to 1,000 railway ticket offices leaving passengers to buy their tickets online and then show a digital pass on either a smartphone or tablet. In other words, cash and physical tickets are being replaced with a digital pass. At sporting events such as the Rugby World Cup, fans can only buy tickets online and then present them to a turnstile to gain entry to the grounds. In other words, cash and physical tickets have been replaced with a digital pass. Finnish citizens can now verify their identity at the UK border by showing a digital...
  • Bill Gates Pushes National ID System

    09/06/2023 5:43:01 PM PDT · by Roman_War_Criminal · 42 replies
    SHTF Plan ^ | 9/4/23 | Mac Slavo
    The Bill and Melinda Gates Foundation is pushing a national identification system that will enhance the slave state for the ruling class. The Seattle-based Gates Foundation, guided by the United Nations’ Sustainable Development Goals, has actively endorsed the Modular Open-Source Identification Platform’s (MOSIP) undertakings with a $10 million pledge. Bill Gates & Congressman Negotiated “Tracing Deal” BEFORE COVID-19 Panic These billionaire rulers are putting a lot of money and energy into making sure they can track, trace, and surveil every single slave on this planet. Gates is also neck deep in making sure that all of the slave class gets...
  • Biometric Technology And A Cashless Society: Why People Are Asking Questions About The Mark Of The Beast

    09/02/2023 7:59:23 AM PDT · by Roman_War_Criminal · 46 replies
    Harbingers Daily ^ | 8/29/23 | Mark Hitchcock
    Joe Rogan is a comedian, podcast host, and UFC commentator. His podcast, which I do not endorse with the rank language he often uses, has over 15 million subscribers. He’s a major influencer in our culture today and an unbeliever. A couple of weeks ago, he had a guest named Duncan Trussell, who is a stand-up comic, writer, and actor. Surprisingly, they discussed for quite some time how a cashless society is a precursor to enforcing the mark of the beast. During his program, Joe Rogan asks, “How long before we’re a cashless society?” Trussell responded: “Hopefully, forever. It is...
  • In-Depth: Blackrock Sits At The Apex Of The Deep State, Holding Unfathomable Power To Reshape The Global Economy

    08/25/2023 7:40:24 AM PDT · by Roman_War_Criminal · 5 replies
    Harbingers Daily ^ | 8/23/23 | Alex Newman
    Despite what you may have heard, it is about much more than “money.” It always has been. The recent cultural transformation of corporate America — think Bud Light, Target, and Disney as some of the more recent examples — has shocked traditional Americans to the core. Suddenly, it seems that every major company in the nation has gone “woke,” promoting everything from man-made global-warming alarmism and “transgender” mutilation of children’s genitals to godless globalism and vicious race-mongering. It is all happening under the guise of improving “Environmental, Social, Governance” (ESG) scores and “Diversity, Equity, and Inclusion” (DEI) metrics. Customers hate...
  • We are moving toward a Global Empire and enslavement of humanity in a Digital Gulag

    08/19/2023 11:25:22 AM PDT · by Roman_War_Criminal · 70 replies
    The Exposé ^ | 8/18/23 | Rhoda Wilson
    Using the fake covid pandemic narrative as cover, the privileged, power-mad parasites who pilfer the world’s wealth have sharply accelerated their longstanding plan to create a single global empire that is completely under their command. This single global empire will ultimately employ the services of all the transnational institutions on the planet to regulate and control every aspect of human life. It is a global empire run by an exclusive club, perhaps 8,000 to 12,000 strong, whose members do not pledge allegiance to any national flag, who snobbishly view themselves as superior to their countrymen, and who are indifferent to...
  • And Just Like That, The Brazilian Central Bank Goes LIVE with a CBDC

    08/19/2023 11:19:41 AM PDT · by Roman_War_Criminal · 12 replies
    Activist Post ^ | 8/17/23 | Fabian Ommar
    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...
  • DOWNGRADES and WARNINGS: Moody’s Outlook on 27 American Banks

    08/11/2023 6:44:37 AM PDT · by Diana in Wisconsin · 39 replies
    The Organic Prepper ^ | August 10, 2023 | Daisy Luther
    Right on the heels of seeing a downgrade of the creditworthiness of the United States itself, Moody’s has downgraded ten small to medium banks across the country, citing “financial strain” and “strains that could erode their profitability.” Six more banks are under review, and another eleven have been shifted from “stable” to negative. If you still have all your money in the banking system, you’re quickly running out of time to change strategies and preserve some of your wealth. Which banks got downgraded? The ten banks which were downgraded are: Commerce Bancshares BOK Financial Corporation M&T Bank Corporation Old National...
  • The Global Rejection of CBDCs

    08/08/2023 6:20:24 AM PDT · by george76 · 9 replies
    Real Clear Investigations ^ | August 03, 2023 | Ari Patinkin & John Berlau
    he Biden administration and the Federal Reserve are taking steps toward the potential roll-out of a central bank digital currency (CBDC). In attempting to do so, they are ignoring serious concerns about consumer privacy and heavy-handed government control in the U.S. and abroad. Everywhere around the world, powerful heads of central banks and politicians are pushing central bank digital currency. Yet also around the globe – from the U.S. to Europe to Africa – more and more of the general populace are rejecting CBDCs as they learn what they would entail and experience them in practice. A CBDC is a...
  • Forget American meritocracy. China's scary spying system is already here.

    08/04/2023 4:54:28 AM PDT · by Carriage Hill · 20 replies
    Fox News ^ | 8.04.2023 | Carol Roth
    There is an evolution to social credit, which starts with cancel culture, moves to an informal state-adjacent system and eventually becomes a full-blown state-run system like the Chinese are building out. These social credit initiatives come for your freedoms, including your wealth. They attack your social standing and access, aka the opportunities for you to create wealth. They come after your livelihood, aka your path to wealth. And, most directly, they even come after your assets, which is your literal wealth, as well as your legacy and your family’s future.
  • Millions Flock To Worldcoin To Have Their Irises Scanned To Receive A Digital ID As Founder Orders Services To Be Made Available To Governments

    08/03/2023 3:28:24 PM PDT · by Roman_War_Criminal · 40 replies
    Now The End Begins ^ | 8/2/23 | Geoffrey Grider
    Worldcoin will expand its operations to sign up more users globally and aims to allow other organizations to use its iris-scanning and identity-verifying technology known as the World ID, want one? At the height of the Pandemic and lockdowns, a company called Worldcoin was quietly signing up millions of people around the world to have their irises scanned to create their digital ID. To date, there has been over 2,167,405 users, with new users signing up at the rate of more than 100 per minute. World ID users are located in 120 different countries, and their tagline reads ‘For Every...
  • We Are Right On The Cusp Of Going Completely Cashless As Our Global Society Shifts Into Complete Dependence On Virtual Currency And Transactions

    08/01/2023 9:06:48 AM PDT · by Roman_War_Criminal · 20 replies
    Now The End Begins ^ | 7/31/23 | Geoffrey Grider
    The picture at the top of this article is one I took myself as we went shopping this weekend at the Outlets Mall on Rt 16 in Saint Augustine. It leapt out as me as we passed by, and I snapped it right away. There are many such stores here in Florida with signs on their windows proclaiming their now-cashless corporate structure. Did you know that many fast food places are testing business models that are 100% takeout and 100% cashless? Chick-fil-a is doing that right now, and they’re not the only ones. One of the things that the pandemic...