I wonder how many people in the world have been paying attention and realize that cryptocurrency mania, the push for it universally that only began with the blink of an eye at its heart is pure evil packed as the only way to go in the future regarding money.
For years now countries such as India, places in Scandinavia, parts of Europe have been experimenting with cashless societies. No more paper or metal currency. No more credit cards. Everything digital. In fact, in some places now for well over 10 years, certain communities have been selected — quietly and a person needed to be searching out such information — where the overwhelming majority living there agreed to be chipped and in order to conduct business, buy, sell, pay their bills? They do not need any currency, any credit cards. They merely need to be near a scanner to read their financial history in order to do these financial tasks. This is reality. It’s been going on. Not some science fiction futuristic fantasy.
But who pays attention?
Yet so many demand a sign, signs of the end times. Yet when they have them right in front of them they do not recognize them, and in truth, if they do see what is taking place instead of having the wisdom [it takes spiritual wisdom NOT worldly wisdom] needed to understand the dire consequences these folks rejoice, celebrate, applaud and jump for joy blathering about progress and other such nonsense.
Everything that is evil and being put in place for the coming worldwide fascism is celebrated at breakneck speed. Even quicker than that considering how things moved along the historical timeline since the Creation.
Cryptocurrency, which in only the past six months or so has become heavily advertised and promoted on TV ads, by celebrities, by talking heads, and government heads, is one of these such evils being touted, embraced, marketed, and put in place to make the worst tribulation on earth ever, the most tyrannical and heinous fascist reign ever in the history of the world — this time worldwide and accepted and approved of by the overwhelming masses of the walking dead — possible.
Ken Pullen
Saturday, March 26th, 2022
ACP — A Crooked Path
Biden is planning a new digital currency. Here’s why you should be very worried (Video)
Saturday, March 26, 2022
By Justin Haskins
Reprinted from The Hill
Whenever the White House says it is working on a plan that would transform a vital part of the U.S. economy, and that the administration is doing so with the “highest urgency,” it should go without saying that the press should pay close attention to what’s going on.
Even more importantly, the press should eagerly and comprehensively inform the public of the potential risks associated with such a proposal.
Unfortunately, that’s not happening today, and the effects of the media’s negligence could reverberate for decades to come.
On March 9, the Biden administration released an executive order (EO) instructing a long list of federal agencies to study digital assets and to propose numerous reports about their use and proposals to regulate them. Much of the executive order is focused on cryptocurrencies such as bitcoin and ethereum, which run on blockchain technology and have become increasingly popular among many investors and consumers in recent years.
But there is an even more important part of the EO: President Biden has instructed the federal government and Federal Reserve to lay the groundwork for a potential new U.S. currency, a digital dollar.
If the United States were to adopt a digital currency like the one discussed in Biden’s executive order, it would be one of the most dramatic expansions of federal power ever made, one that could put individuals and businesses in grave danger of losing their social and economic freedoms.
Among other important actions, the White House executive order directs several federal agencies, including the Treasury Department, to study the development of a new central bank digital currency (CBDC) and to produce a report within 180 days of the EO discussing the potential risks and benefits of a digital dollar.
The order further directs the Treasury Department, Office of the Attorney General and Federal Reserve to work together to produce a “legislative proposal” to create a digital currency within 210 days, about seven months.
A digital dollar would not merely be a digital version of the existing U.S. dollar, but rather an entirely new currency that would, at least at first, exist alongside today’s currency. Similar to cash, the CBDC would be used to pay for goods and services and would likely be managed by the Federal Reserve, the central bank of the United States.
Unlike the current dollar, though, a central bank digital currency would not exist in physical form, meaning you wouldn’t be able to go to a bank or ATM and withdraw it.
It is important to understand that the digital dollar would not be similar to cryptocurrencies like bitcoin. Cryptocurrencies operate on blockchain technology, which is decentralized by design. No group or individual can truly control cryptocurrencies once they are launched.
Digital dollars, on the other hand, would be traceable and programmable. The Federal Reserve (or some other designated entity) would have the ability to create more digital dollars whenever it sees fit, and, depending on how the legislation is written setting up the currency, the dollars could be formulated to have various rules and restrictions built into their design.
For example, a digital dollar could be crafted to restrict fossil-fuel use, to give bonuses to people for spending at particular businesses, to enact de facto price controls by disallowing users from spending too much on particular products, or even to redistribute wealth.
In one report about the development of a central bank digital currency published by the Federal Reserve in January, the Fed outlined a few examples of possible “design choices” for a digital dollar, including that “a central bank might limit the amount of CBDC an end user could hold.”
There are many reasons to believe Biden’s plan for a digital dollar involves a design that will give the federal government and/or Federal Reserve control over much of society and the economy.
Biden’s executive order states that the CBDC and other policies governing digital assets must mitigate “climate change and pollution” and promote “financial inclusion and equity.”
In fact, “financial inclusion” is mentioned five times in Biden’s order, and “equity” and “climate change” are mentioned four times each.
Further, in a background call with reporters about the executive order, a “senior administration official” (the name was curiously removed from the White House transcript) promised that in creating a new digital currency, the Biden administration will “continue to partner with all stakeholders – including industry, labor, consumer, and environmental groups, international allies and partners.”
Why would labor unions, industry organizations and environmental groups be involved in the development of a new currency – unless, of course, there is a plan to program that currency to advance various causes special-interest groups care about?
Even more stunning, in a 2021 question-and-answer session about the development of a digital dollar, David Andolfatto, a senior vice president and economist in the St. Louis Fed’s Research Division, was asked whether the Fed could “assure us [the public] that these digital currencies won’t ever be used to tell us when, how or where our money can be spent?”
“In life one can’t give absolute assurances of anything,” Andolfatto responded before suggesting that “the best we can hope for” is for Congress to “respond to the electorate’s concerns” about privacy.
If the Fed has no plan to use a future central bank digital currency to control Americans’ behavior, Andolfatto’s response is incredibly bizarre, to say the least.
It’s clear that the Biden administration and Fed are working together to create a controllable, traceable, programmable digital currency. And if they are successful, life in America might never be the same.
Justin Haskins (Jhaskins@heartland.org) is the director of the Socialism Research Center at The Heartland Institute and the co-author of the New York Times bestselling book “The Great Reset: Joe Biden and the Rise of Twenty-First Century Fascism.“
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