Q Lynn, Can you do a reading on this?
FedNow (https://mobile.twitter.com/xdc_news/status/1537838247463755780) servers are expected to go online February 2023." https://mobile.twitter.com/xdc_news/status/1537838247463755780"The US Federal Reserve has been actively researching a central bank digital currency (CBDC). In January 2022, the Federal Reserve issued its long-awaited report on the possibility of issuing a CBDC (https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf). While the report made no specific commitment to introduce a CBDC, it highlights the many potential benefits of CBDCs and calls for Congress and the public to engage on this important issue.On March 9, 2022, the Biden administration signed an executive order on digital assets (https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/), which called for a whole-of-government approach to developing a CBDC.May 2022, the Federal Reserve begins piloting it’s FedNow (https://www.digitaltransactions.net/the-federal-reserve-begins-piloting-its-fednow-real-time-payments-service/) real time payment service.
A. I get that the days of cash have been slowly dwindling. They have been discouraging cash for a while now. It started with offering discounts for using credit (for example if you use xyz card you get a discount on gas). With the beer bug cash sales also decreased (it was contaminated, remember?) and they encouraged credit. Then there was a coin shortage so if you didn't have proper change you were either forced to round up or use a different form of payment. The use of credit or electronic payment became highly encouraged.
Why? They want to disconnect you from cash. When you don't have to get the cash from your wallet you start to disconnect from the value or see what you are really spending. Swiping a card is easy, but shopping on a budget based on the amount of money you have on hand can be more challenging. This gets you spending, and can lead to debt (paying interest on credit cards).
Credit sales also helps them track your transactions. They want to know what you buy, how much you buy and who you are buying things from. They want to make sure you pay taxes/fees for any effort you give in exchange for money.
Lastly, they want to control this area of your life. If they don't like what you are doing, or have any reason to make your life hard, they can seize your funds or block your purchasing power.
This is coming, and they wanted it implemented way before now. I get they want this is full motion before 2024, and see the target of 2025 being on target. Watch for it! Now is a good time to find a skill you can barter and save some cash...
Stay safe folks! Love and light, Lynn
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4 comments:
The Fed is a foreign owned bank(Rothschild's) that's totally on the dark side. Some say they're now busy printing up billions for the Ukraine like counterfeit money, but right before Cov1d broke they issued a quarter backside about Tonga with a big bat face on it to go along with the BS the bug came from bats the Chinese were eating, meaning THEY had to have planned both the coin and the 'bug' probably a year in advance as their way of laughing at us. The only plus to the elimination of paper money is not using their illuminati symbols and spells printed all over it, but I'm all for bartering and keeping a bunch of cash on hand when the banking system collapses.
If this electronic currency is launched, will it drive the market of other cryptocurrencies to rise? now the price is very low
The massive layoffs from all the big tech companies along with the
housing bubble as well as food skyrocketing, Americans have a good idea
this will be their next obstacle to life, liberty and the pursuit of happiness.
I can see Universal income being introduced by way of digital currency
where they have total control of our lives.
@Robert: This has been a plan for a very long time! They wanted Hilary to launch it, but had to wait on Bidet.
@siu us: I think they want to destabilize everything to create a new currency that they can fully control.
@RealCousinIT: Yes, it is all about control.
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