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Will Your State Reject the Fed’s Digital Dollar?

Posted by freedomforall 2 years, 5 months ago to Government
30 comments | Share | Flag

Excerpt:
"“We’re on the brink of a dramatic change where we’re about to — and I’ll say this boldly — we’re about to abandon the traditional system of money, and accounting, and introduce a new one…. The new accounting is what we call ‘blockchain.’ It means digital. It means having an almost perfect record of every single transaction that happens in the economy, which will give us far greater clarity over what’s going on…. It also raises huge dangers in terms of the balance of power between states and citizens.”

What you must understand is the adoption of a digital dollar by the U.S. government would be one of the greatest expansions of federal power ever made. You also must understand that a digital dollar would be much different than a cryptocurrency like bitcoin, which is decentralized and has limitations on its ultimate quantity.

The key distinction is that Fed issued digital dollars would be traceable and programmable and would be integrated with the Fed and private banking. Specifically, digital dollars would be programmed to have various rules and restrictions governing how and when they are spent."


All Comments

  • Posted by saucerdesigner 2 years, 5 months ago in reply to this comment.
    I hear you. I was battling a recent inundation of my inbox from email phishing scams. Bogus Windows Defender and McAfee subscription notices, etc. It's easy to see if it's a legit email by just looking at the sender's email address.
    Reporting them, even going so far as to attach raw messages to IT "security" departments seemed to have no effect.
    Then I discovered phishing-report@ushttp://-http://cert.gov and after a day or two, I had to pinch myself. No more phishing scams in my inbox!. It seems like they stopped overnight.

    I've been following Joe Mercola for decades and am aghast at how he's been smeared and censored. I scolded him decades ago for using the same tactics (fear) to sell his products as MSM was using to sell us the idea that we needed to go to war with Iraq. He listened and toned the fear down in his presentation.
    Since I willingly subscribed, I don't consider his newsletter as spam; rather as leading edge no-BS developments in, as he puts it "Taking responsibility for your own health." There I've found leaders and innovators facing censorship and more who showed me how to prevent and reverse cognitive decline (Dale M. Bredesen, M.D.), and the extent to which the sensible exposure of our skin to sunlight boosted my immune system (natural Vitamin D) such that the COVID infection I unknowingly contracted was nothing more than a persistent dry cough which I ignored.
    In a week or so it disappeared. I forgot about it. A year later I got an antibody test done. Lifetime immunity. Thanks Joe!
    YMMV :)
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  • Posted by tutor-turtle 2 years, 5 months ago in reply to this comment.
    All of it. If you can't spend a penny of your own money without someone else's permission, you don't actually own anything.
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  • Posted by wmiranda 2 years, 5 months ago
    I was all for digital currency until the government got involved in it. Now I would not support a digital dollar.
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  • Posted by Dobrien 2 years, 5 months ago in reply to this comment.
    For Q , Future proves past. I am sure you don’t support either the FED or the Status Quo.
    Who is it? The best answer I could say would be the good guys in the military.
    Q is not an operation to tell you everything and all the details of what the good guys are doing. I find it fascinating that people who have not spent an hour learning about Q, think there is some kind of belief system. I know a great deal of information from Q. The fake news media has written thousands of articles telling us how bad Q is and “the followers are a cult” and they are dangerous! They are correct about dangerous, because the exposure of fraud and treason and especially child trafficking will be their downfall.
    This is called the Great Awakening. What does that mean? It means the masses have been brainwashed for so long that they need to have a slow drip of facts that shatter what they have been told to believe. From Q five years ago .I posted about the Satanic Luciferian Genocidal Globalist Pee doh files. Putting the spot light on Jeffery Epstien And NXVIM’s Keith Rainere with the zBronfman (Seagrams) . My first posts weee vacant if any comments. Then , so called objectivists said the girls were taking the $200 or what ever Epstien was giving them so no harm no fowl. The girls agreed even though they were as young as 13. Well today everyone here has heard Epstien didn’t kill himself. Back then 5 yrs ago in my personal life ,off this board my sister who was a psychologist(therapist)
    Asked my wife If I was psychotic after I told her the world is run by Pedo files. Even though 65% of her weekly clients were victims of sexual abuse as children. She is a liberal who is utterly BRAINWASHED. To finish…. Q poses questions and provides open source links to help the anons start digging into the information and from that a very good picture is revealed. Q says to use your own critical thinking is that CULT like? Because many people want to read their own desires or expectations into this Irregular War. They have been bitten by the snake of great expectations.
    As an observer and anon from the start. The people are freely talking about what I was called a tin hat conspiracy theorist ( as you know) .You in fact several times came to my defense giving the actual definition of a conspiracy theory, thank you for that.
    I will say this , any arrests and convictions with the current fraud in the WH will be worthless actually it would be a get out of jail free card and immunity from a Pardon. Once we get the Imposter out the serious convictions can begin. That is my opinion.
    This period of time is to re-educate and win the information war and it is going swell. Twitter is a big deal whether we use it or not. Look at how the Let’s go Brandon heads are exploding over Musks minimal revelations so far , more to come.
    I have plenty to say about the gold but that can be another conversation.
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  • Posted by $ blarman 2 years, 5 months ago in reply to this comment.
    Don't misunderstand my comments to say I support the Fed or the status quo. But this Qanon post is 4-years old.

    And who is it - precisely - that controls all that gold in Fort Knox? The American people? I don't think so.

    I appreciate the fact that you believe in Qanon. But I'm looking for something - anything - to substantiate a change in our descent into slavery and I'm missing it. Whomever said "hope springs eternal" was an incorrigible optimist; I only have a fixed reserve.
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  • Posted by Dobrien 2 years, 5 months ago in reply to this comment.
    Blair a major a major disruption is already underway. BRICS has already smashed the petrodollar. The 2 ways that have kept the dollar from collapsing is many other fiat currencies are worse and the FED had to Jack up the rates. The fastest increase percentage wise in my life.
    Inflation is out of any FED control.
    The statement from Yellen that the inflation is because Americans are hoarding too many goods and services. Yikes. The incredibly massive mountain of debt we see is actually just the tip of the iceberg. How about double the interest expense on 100 trillion. Right now the IRS is stealing about 6 trillion as US revenue . That is only a little more than our interest expense. When gold and silver are unleashed , that will crush the FED.
    An anon asked Q this in a Q and A…….
    2619
    Dec 12, 2018 7:01:15 PM EST
    Q !!mG7VJxZNCI ID: 089200 No. 4281049
    Dec 12, 2018 6:57:57 PM EST
    Anonymous ID: 376ff2 No. 4280876
    >>4280189
    Q: Do we have the GOLD?
    >>4280876
    Yes.
    GOLD shall destroy FED.
    Q
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  • Posted by $ blarman 2 years, 5 months ago
    Reminds me a little bit of the practice of the Jewish priests to mint their own coins for use in accepting the annual "tax" paid by all males in Israel. Though it was meant to be a means of providing for the maintenance of the Temple, the practice then became a lucrative source of arbitrage for the priests and Jewish leaders who were able to set the exchange rate for all coinage relative to "Temple" coinage. And because Temple coins could only be used for this payment, couldn't be used outside Temple grounds, and could only be minted by the priests, it was the quintessential corruption racket. No wonder Christ was so incensed by them!
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  • Posted by $ blarman 2 years, 5 months ago in reply to this comment.
    Agreed, but that would require the United States to delegitimize the Federal Reserve. And that's not going to happen without a major disruption to the entire US system, ie. civil war or massive natural disaster.
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  • Posted by $ blarman 2 years, 5 months ago
    Problem is that any State which tries this will be taken to the Supreme Court and lose based on the Supremacy Clause and the Constitution which gives Congress sole authority over money, weights, and measures. In order to render judgement in favor of nullification, SCOTUS would have to overturn Chevron - something even the more conservative Justices have been unwilling to tackle.
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  • Posted by mhubb 2 years, 5 months ago
    the next Carrington Event cannot happen fast enough....
    /s
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  • Posted by $ Markus_Katabri 2 years, 5 months ago
    This is how the United States Government defaults on it’s debts in plain sight.
    Change the concept of the dollar.
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  • Posted by tutor-turtle 2 years, 5 months ago in reply to this comment.
    If you listen to the link above, Catherine Austin Fits plays a 57 second video of the Central Bank (of all Central Banks) in Switzerland. He spells it right out: Your money is now their "Monetary Asset" In plain English: It won't be your money any more. It will be theirs, to spend as they please. To tax you as they please. To limit anything and everything you do. There is no up side to this. It's economic slavery. If you don't fight this tooth and nail, you might as well slit your throat right now and save them the trouble.
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  • Posted by tutor-turtle 2 years, 5 months ago
    No effing way.
    I trust this government to do nothing but enslave me.

    Think about it. The government controls every penny you own.
    If they don't want you to buy a firearm.. Defacto gun control. If they don't want you burning gasoline... eating pizza... contributing to the "wrong" candidate...
    This is bad... All bad.

    End. The. Fed.
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  • Posted by $ 25n56il4 2 years, 5 months ago
    I prefer there not be people out in the wherever who actually know what's in my wallet. That is my personal business and I definitely prefer it. I feel very comfortable with the type of exchange we have. What are the advantages in change it?
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  • Posted by LarryHeart 2 years, 5 months ago in reply to this comment.
    Remember there were no "Hindu-Arab Numerals" at that time. 666 would be represented as 'III' in Aramaic/Hebrew digits. Looks like a bar code to me.

    Roman numeral digits would be VIVIVI.
    or DCLXVI - starts with DC hmmm. Also all are ten times multiples of one and five 500 -100 50-10 5-1. Seems too complicated.

    III it is.
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  • Posted by CTYankee44 2 years, 5 months ago
    Short of overthrowing the government they can and will impose it. If they make the $E dollar the only way to remit taxes then people will be forced to accept them in order to make their tax payments or face jail time.

    So they will do it gradually, lest they bring about the actual overthrow of the government. Which would be all be guaranteed if they tried to implement it as a switch.

    Eventually they will simply stop issuing regular dollars and that currency will eventually dry up.

    There is an old adage "Bad money drives good money out of circulation." Ironic considering that the fiat USD was the bad money that drove silver & gold out of circulation about 100 years ago.
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  • Posted by $ splumb 2 years, 5 months ago
    And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

    And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

    Revelation 13:16-17
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  • Posted by AmericanWoman 2 years, 5 months ago
    The Wuss we have in the state house in CO has stated factually the state WILL except payment on taxes, etc with this garbage.
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  • Posted by saucerdesigner 2 years, 5 months ago
    I just saw this today. I highly recommend viewing the video:

    Worse Than COVID, Are we Facing 'Game Over' for Humanity?
    An Invisible Prison Has Been Built Just for You
    If we accept this, the answer is yes. Unless you like the idea of living in an open-air prison where you're policed by AI and machines for the rest of your life, I urge you to resist this 'convenience' and starve this beast like it's a vampire hunting down your blood.
    https://articles.mercola.com/sites/ar...
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