Tag: Money

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What Are CBDCs? | Shocking CBDC Designs Revealed

…The SHOCKING Truth About CBDCs…
Ominous Design Revealed… A Digital Prison Is Being Built in the Shadows…

Massive overreach of Central Banks underway.
They are designing a new kind of money allowing them to:

  • Establish centralized settlement of ALL payments…
  • Tie digital identities to all transactions and record them on a central bank ledger forever…
  • Force built-in features such as limits on how much CBDC you can have in your account, negative interest rates, account charges in line with regulatory objectives, and caps on conversions and spending…
  • Create “money” that is traceable, programmable, taxable, and subject to the monetary whims of central planners…
  • Stamp out spending without permission and slowly phase out cash…

The war on money continues. The aim: to replace cash with a system of centralized control over ALL transactions and account balances.

This report explains exactly what to expect from Central Bank Digital Currencies (CBDCs); it looks at the possible design options, what central banks have decided so far, and the likely outcomes.

The ugly conclusion is that CBDCs are a new form of currency that allows a small group of unelected people control over what we can, and cannot do with our own money…
Continue reading “What Are CBDCs? | Shocking CBDC Designs Revealed”

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US Congress Taking Revolutionary Steps Towards A Central Bank Digital Currency

US Congress Taking Revolutionary Steps Towards A Central Bank Digital Currency

The future of money is here; will the Federal Reserve Board be authorized to use distributed ledger technology for the creation, distribution and “recordation” of all the transactions of a Digital Dollar?

On July 28, 2021, a new bill was introduced in the US House of Representatives. This bill, sponsored by Congressman Don Beyer,1)“Press Release: Beyer Introduces New Legislation To Regulate Digital Assets,” (United States Congressman Don Beyer, Washington, July 28, 2021), accessed on September 6, 2021, https://beyer.house.gov/news/documentsingle.aspx?DocumentID=5307 aims to regulate crypto-currencies. But it does more…

The bill is called the “Digital Asset Market Structure and Investor Protection Act”2)“H.R.4741 – Digital Asset Market Structure and Investor Protection Act, 117th Congress (2021-2022),” (US Congress, Washington, July 28, 2021),
https://www.congress.gov/bill/117th-congress/house-bill/4741/
[author: there is on September 18, 2021 only one version of the bill]. (“Digital Asset Bill”). And for the majority, it sets out future rules for crypto. However, hidden in this bill, changes to the foundation of the Dollar are proposed.

And because nobody outside crypto (and frankly, few inside crypto) actually read the bill, these amendments have so far largely gone unnoticed. Continue reading “US Congress Taking Revolutionary Steps Towards A Central Bank Digital Currency”

References

References
↑1“Press Release: Beyer Introduces New Legislation To Regulate Digital Assets,” (United States Congressman Don Beyer, Washington, July 28, 2021), accessed on September 6, 2021, https://beyer.house.gov/news/documentsingle.aspx?DocumentID=5307
↑2“H.R.4741 – Digital Asset Market Structure and Investor Protection Act, 117th Congress (2021-2022),” (US Congress, Washington, July 28, 2021),
https://www.congress.gov/bill/117th-congress/house-bill/4741/
[author: there is on September 18, 2021 only one version of the bill].