Tag: digital currency

The CBDCs Are Coming, And The Elite Plan To Use These “Digital Currencies” To Enslave Humanity

Central bank digital currencies are feverishly being developed all over the globe, and this is something that should deeply alarm all of us. 

For a moment, I would like for you to imagine a world where the government instantly knows whenever you buy or sell something.  No transaction would ever be truly private, not even your most personal or embarrassing ones.  In addition, your money would not be truly your own under such a system.  Your access to the digital currency system would be a privilege which could potentially be suspended or revoked with the click of a mouse.  All of a  sudden you would not be able to buy or sell anything and you would become an outcast from society.  Under no circumstances should any government ever be given such power.

Unfortunately, the CBDCs are coming, and they are going to radically change how commerce gets done.

Here in the United States, the Federal Reserve Bank of San Francisco has posted a job listing for a “Senior Crypto Architect” to work on the development of a digital dollar.

U.S. Representative Warren Davidson is very upset about this, because he believes that a CBDC issued by the Federal Reserve would be the “financial equivalent of the Death Star”…

The job description specified that the Federal Reserve seeks a technologist to “perform central bank digital currency (CBDC) research and development.”

The expert will work to “ensure the Federal Reserve is well-positioned to design, develop, and implement technology to support a CBDC as may be required by the Board of Governors.”

Although the job listing shows that the Federal Reserve is only working on CBDC research, Rep Davidson believes it is a sign of what is to come and described it as the “financial equivalent of the Death Star.”

Davidson added that CBDC would turn money into a tool of coercion and control.

Sadly, he is right on target.

Once “digital dollars” issued by the Federal Reserve become the dominant form of currency in our nation, whoever has power over that system would truly have an unprecedented “tool of coercion and control”.

So we must not allow this to happen.

Sadly, CBDCs are now in development all around the world.

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FedNow Instant Payments Are Coming and CBDCs Will Follow

There’s absolutely no doubt that our financial system is in flux right now. We’re watching a storm approach, and it’s about to envelop the entire nation in chaotic conditions. If you think things are crazy now, just hang on to your halo…it’s about to get a whole lot worse.

Remember how we talked about CBDCs a few weeks ago, and lots of people in the comments said never, no way, and heck no? Well, unfortunately, it’s being rolled out and soon.

Of course, they’re not calling it CBDCs. Not yet.

It’s under another name, and it’s not quite a federal digital currency. I’m sure this, too, will be called a conspiracy theory, but the Federal Reserve is launching FedNow, an instant digital payment system. This in itself is not a Central Bank Digital Currency, but it puts into place the framework needed to make the idea a reality.

FedNew will be launched in July, according to a press release from the Federal Reserve.

What is FedNow?

On March 15th, in the midst of the banking collapses, the Federal Reserve issued a press release detailing a new instant payment system that will be launched in July. That system is called FedNow. Here’s what they said about it.

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 a comprehensive testing curriculum with defined expectations for operational readiness and network experience. In June, the Federal Reserve and certified participants will conduct production validation activities to confirm readiness for the July launch.

“We couldn’t be more excited about the forthcoming FedNow launch, which will enable every participating financial institution, the smallest to the largest and from all corners of the country, to offer a modern instant payment solution,” said Ken Montgomery, first vice president of the Federal Reserve Bank of Boston and FedNow program executive. “With the launch drawing near, we urge financial institutions and their industry partners to move full steam ahead with preparations to join the FedNow Service.”

Many early adopters have declared their intent to begin using the service in July, including a diverse mix of financial institutions of all sizes, the largest processors, and the U.S. Treasury.

This has all the hallmarks of a government strategy. First, they offer it as a “convenience” or a “safety measure.” Lots of people will jump on board in order to take advantage of this.

Of course, we’ve heard this song before.

Next, it will be pushed harder, and those who don’t adopt it will be mocked, thought of as backward, and treated with suspicion. After that, it’ll be darn near impossible to do anything without it. Sound familiar?

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Western governments are on the verge of introducing expiring money

The European Central Bank (ECB) is considering using negative interest rates, a tool that erodes the value of your money, as it introduces the digital euro — its central bank digital currency (CBDC).

This is according to Sarah Palurovic, the executive director of the Digital Euro Association (DEA) think tank.

During an appearance on the Poundcast podcast, Palurovic said that the ECB wants to “keep the possibility open for tiered remuneration” after it introduces the digital euro because the ECB wants to have “measures that incentivize or disincentivize people to hold more or less CBDCs.” She added that one of the measures the ECB is considering is negative interest rates.

Negative interest rates allow bureaucrat at central banks to choose a rate at which your money expires and punish those who save their money. For example, if they set a negative interest rate of -10%, you lose 10% of your money each year unless you spend it.

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