Zero Hedge: economist Jim Rickards
These currency upheavals happen about every 40 years.
The first was Roosevelt confiscating private gold in 1934…
The second was Nixon abandoning the gold standard in 1971…
Now, Biden’s plan could pave the way for “retiring” the US dollar…
And replacing it with Executive Order 14067 HERE
Opinion: Rickards asks the question: Where were you on March 9, 2022 when President Joe Biden quietly signed the death warrant of the US dollar?
As Rickards puts it, Executive Order 14067 “is the most treacherous act in the history of the Republic.”
On March 17, 2022 my wife/Editor found this headline in technocracy.news:
Biden Is Probing How to Terminate Fiat Currency, Implement Digital Money
In my opinion piece that day, I highlighted some of the key points in EO 14067:
Section 2 (a) We must support technological advances that promote responsible development and use of digital assets.
The technological architecture of different digital assets has substantial implications for privacy, national security, the operational security and resilience of financial systems, climate change, the ability to exercise human rights, and other national goals.
Section 4b Within 120 days (that is now) the Secretary of the Treasury shall submit to the President a report on the future of money and payment systems, including the conditions that drive broad adoption of digital assets …
Section 9b Central bank digital currency” or “CBDC” refers to a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank …
Rickards: Central Bank Digital Currency sets the stage for legal surveillance over spending habits of American citizens and total control over bank accounts and purchases and the ability to silence all dissenting voices for good.
“The Dems aren’t coming for your guns – they’re coming for your money and it’s already started.”
- The US paper dollar will be made obsolete
- Soon your cash will be confiscated or become worthless paper
- The cash currency we have now will be replaced with a new programable digital token
- The new currency will allow of total control of all American citizens
- Every digital dollar will be programed by the government
- Government will be able to track and control every purchase you make
- This has nothing to do with online banking and nothing to do with crypto currency
- AOC has pledged her support for what she calls “Spyware Currency” that will control social media content that the government doesn’t like
- It is starting now and should be in use by 2023-24
Rickards does an incredible job of detailing how CBDC’s will strip away freedoms, some of which most Americans have not even thought of yet.
- Don’t want an electric car? Money won’t work to buy gas
- Don’t want the vaccine? You will if your money is turned off
- Like to donate to Conservative candidates? That donation may never get to the candidate
What is really fascinating to me is how few Americans are even talking about this massive change to society despite the fact that on June 17, 2022 Federal Reserve Chairman Jay Powell said this to the Federal Reserve Board of Governors:
NEW – Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar."
A US central bank digital currency is being examined to "help the US dollar's international standing." pic.twitter.com/htP6r1brNz
— Disclose.tv (@disclosetv) June 17, 2022
That, however, is not the case in Europe, where EU citizens are opposed to the adoption of a digital euro arguing that citizens would lose privacy in their transactions and the government would have more control over their finances and eventually over their lives.
There is one major short-fall with Jim Rickards’ analysis, and it is a lack of connection to what Bible prophecy has to say about the total control of money:
Phase 1: Revelation 6:5-6 begins the new economic order that will be cheered by the 1% despite evidence of global hyperinflation affecting the masses
Phase 2: Revelation 13:16-17 brings new restrictions to the economic order that will be accepted by the global elite as they receive a mark on their right hand or forehead in order to be able to buy and sell like everyone else.
Phase 3: Revelation 18:11 is the total collapse of the economic order that no one, not even the 1%, will be able to avoid:
“And the merchants of the earth will weep and mourn over her, for no one buys their merchandise anymore”.
See our paper “The 1% and Revelation: Do Not Harm the Oil and Wine” HERE