Coronavirus House Stimulus Bill Would Have Created New Digital Dollar

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Hand holding coins from lines, triangles and particle style design. Illustration vector
Hand holding coins from lines, triangles and particle style design. Illustration vector

Forbes, March 23

Both Speaker Pelosi’s ‘Take Responsibility for Workers and Families Act’ and the ‘Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321),’ introduced by Chairwoman Maxine Waters of Financial Services Committee, introduced these concepts today as a way of delivering the economic stimulus payments to U.S. citizens.

The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or … an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’

Additionally, a digital dollar wallet is identified as ‘a digital wallet or account, maintained by a Federal reserve bank on behalf of any person, that represents holdings in an electronic device or service that is used to store digital dollars that may be tied to a digital or physical identity.’

Forbes March 24:

Updated on 3/24/20 at 11:45 AMThe final version of the economic stimulus package offered by Speaker Pelosi the House Democrats no longer includes the U.S. Digital Dollar proposal; however, the language as proposed by Chairwoman Waters of the House Financial Services Committee still contains this language. Links to the original and updated stimulus bills with the latest language are at the end of the story.

Opinion: The digital dollar as a means to provide stimulus directly to the people was almost a reality. The Democrat package of pork, including funding for Planned Parenthood, funding for solar panels on airplanes, funding for the Green New Deal, funding for the Kennedy Library and finally paying off Post Office debt … again, caused the deal to get bogged down, and the digital currency to get temporarily scrapped.

The purpose: to serve as the infrastructure for delivering stimulus payments directly to American consumers as they weather the economic storm triggered by the spread of COVID-19.

The speed: An instant digital entry directly to each citizen’s mobile bank digital wallet and connected to PayPal, Apple Pay or Alipay, rather than mailing a check that has to be deposited into their bank.

The problem: While the wrangling on the House floor over the 1400-page ‘Take Responsibility For Workers And Families Act’ to get a deal caused the digital dollar to be postponed, the precedent was made.

The prophecy: “He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads.  He causes all, both small and great, rich and poor, free and slave, to receive a mark on their right hand or on their foreheads…”

The timing: Since Revelation 13 is the second half (3.5 years) of the tribulation, the complete control of all global finance is yet, but not now.