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| -Great Cultural Revolution |
| Biden's Digital Currency-The Poison Pill To Freedom |
| 2022-09-20 |
| [Kanekoa] Central Bank Digital Currencies are the Bullet Train to Digital Concentration Camps: “If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you've got complete control." The White House published a "comprehensive framework" on Friday attacking decentralized cryptocurrencies while promoting a U.S. government-controlled programmable Central Bank Digital Currency (CBDC), per an official press release. Agencies that were chosen to lead the ongoing working group for the research and possible development of a CBDC include the Federal Reserve, the National Economic Council, the National Security Council, the Office of Science and Technology Policy, and the Treasury Department. CBDCs are digital currency issued directly from a nation-state’s central bank and serve as legal tender. Critically, CBDCs are controlled by governments and therefore represent the polar opposite of the ideas — decentralization, open-source software, permissionless, peer-to-peer transactions — that made Bitcoin and other cryptocurrencies such a revolutionary technology. As you can guess, CBDCs will be tied to user identities and Digital IDs, which will allow for total surveillance by the State and eliminate any chance of financial privacy. According to the Atlantic Council’s Central Bank Digital Currency Tracker, 112 countries, representing over 95 percent of global GDP, are exploring a CBDC. 11 countries have already launched a digital currency including Nigeria and numerous Caribbean nations. 14 countries are testing pilot programs including South Korea, Thailand, Saudi Arabia, Sweden, and China which is set to expand its use of the Digital Yuan in 2023. Pompliano’s comments mirror those made by the president of the Federal Reserve Bank of Minneapolis Neel Kashkari who, speaking at a panel hosted at Columbia University, said that he had no idea what problem centralized digital currencies solved for American citizens. “What is it that a CBDC can do that Venmo can’t do?” Kashkari asked. “Well, I can see why China would do it.” “If they want to monitor every one of your transactions, impose negative interest rates or directly tax customer accounts,” he said. “You can do that with a Central Bank Digital Currency, you can’t do that with Venmo.” Related: Digital Currency: 2022-04-02 Elizabeth Warren Calls for U.S. to Launch Central Bank Digital Currency Digital Currency: 2021-10-05 Raging Lunatic Who Filmed Kyrsten Sinema in the Bathroom Speaks out Digital Currency: 2021-04-17 Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion |
| Posted by:NoMoreBS |
| #3 Nothing in all of the progressive/marxist schemes to destroy the United States is more dire or less well understood than this. It is literally a real existential threat to freedom and democracy. And they are well on their way to convincing a majority of our citizens that it is safe and convenient, after all, "its the government running it so it has to be safe, right?" |
| Posted by: NoMoreBS 2022-09-20 13:21 |
| #2 Canada has already proved that they can and will shut people down from accessing the financial system as a punishment. Russia being punished in the same way means they'll do it to whole countries, too. Digital dollars mean that they can track every single penny you earn or spend, and easily disconnect you the moment you spend on anything they don't like (donating to the truckers). Police in the future won't even have to chase suspects, they'll just turn off your phone and wait for you to show up at the police station to avoid starvation. |
| Posted by: Sonny de Medici5342 2022-09-20 10:43 |
| #1 Right about now some of you are wondering about the sudden Coin shortage that started when the LSD's took office? |
| Posted by: NN2N1 2022-09-20 10:16 |