Here Come “Programmable Dollars”: New York Fed And 12 Banking Giants Launch Digital Dollar Test.
h/t joe6pak.
NC Renegade: Never let a crisis go to waste. Or a market crash for that matter.
With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing for the next stage in the “organized crash” pipeline: the rollout of CBSC.
According to a statement by the New York Fed, global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.
Citigroup, HSBC Holdings, Mastercard and Wells Fargo are among the financial companies participating in the experiment alongside the New York Fed, which will provide a “public contribution to the body of knowledge on the application of new technology to the regulated financial system.”
Bank of New York Mellon, the money-laundering bank of the world, HSBC Holdings, PNC Financial Services, Toronto-Dominion Bank, Truist Financial and U.S. Bancorp are also participating in the test, along with payments network Mastercard. more
“A 12-week pilot program” is the sophisticated Wall Street version of “Hey y’all! Watch this!”
If this gets implemented we are all screwed! Unless of course you are among the elite that gets to decide if your behavior is within the guidelines as laid out by the elite. They will demand compliance and if you are viewed as non-compliant, well no money for you.
This should be an issue for Trump to start making noise about!
This bull shits ripe with the law of unintended consequences. They will drive all the car companies OB. Actually and purchase that falls under discretionary spending will stop. Bye Bye Harley, etc, etc, etc. People will barter for necessities locally. Your skill will be more important than your bank account. If you have a polysci degree, you’re fucked. We will be living slightly north of caveman status. And the home market, no longer exists.
And how about businesses that buy and sell across borders? How will the value of a digital dollar be guaranteed once it change hands?
Every conservative will only be allowed to use enough money to buy broth. All bill payments will be controlled. Travel will be curbed. Oops! Sorry about that bank account being emptied. Hunter needed to pay his hooker tonight.
If you were the Anti-Christ and wanted a way to implement control over who could buy and sell – you have it with this.
Rev 13:16 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:
Rev 13:17 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.
Rev 13:18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.
For all you scoffers at God, Jesus, the Holy Spirit and the Bible, the unfolding of what is predicted here is at hand.
Repent and turn to Jesus now and spend your eternity with your creator instead of without Him. You don’t even know every breath you take is given to you, Everything good for you has been given despite not deserving it. God is all around you every moment of your life. Stop shunning Him.
Don’t be so ungrateful that you suffer being without God in your life forever.
According to the Constitution only Congress has the the power to coin money and regulate it’s value. In 1912, Democrats won the White House and majorities in both houses of Congress.
December 23, 1913, the Senate passed and President Woodrow Wilson signed the Federal Reserve Act. Soon, you will not be able to buy or sell without the digital mark of the beast.
All the bullshit here and abroad is by the WEF. Don’t be fooled.
I know where a local physical branch of Wells Fargo is.
Just sayin’……..
this should frighten everyone beyond comprehension….it should be called the Digital Slavery Experiment. Always chuckled at those that worried about the masses taking up arms and how the 2nd allowed it but honestly, if this is ever implemented, it should and likely will result in a Revolution or Civil War to overthrow the Elites for good.
(sigh) maf’s still ain’t hard… so?
The Federal Reserve is over a century old. The international gold standard gone half that. And you (yes! you, laddies! – of all genders) switched to something else… when? Why, might be nice, as well. But, well, we know…
“Mark of Teh Beast(TM)!” “Fake money!” “Muh taxes!”
We know. We know. You’ll git’em! Next. Time.
(now, those that can… run the numbers… not the screechings… of those that won’t)
Buy more ammo, quick.
hahaha…who you gonna call? your “representative” in congress? THE PRESIDENT?!
ontoiran, who you gonna call? GHOSTBUSTERS!!
Just curious, but are there people now who think their bank has a large pile of dollar bills with their name on them right now?