From kanekoa.substack.com: 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. Read More …
Opinion: CBDCs should be the biggest economic headline of this generation. It’s bigger than Roosevelt confiscating gold in 1934 and bigger than Nixon abandoning the gold standard in 1971.
CBDCs will change every facet of life as we know it. There is no bigger story and it is still widely unknown.
Executive Order 14067 was signed by President Biden on March 9, 2022. It looked harmless enough. It was simply meant to ‘ensure that safeguards are in place and promote the responsible development of digital assets to protect consumers’. Who could have a problem with that?
Article: Anthony Pompliano, an American entrepreneur, investor, and Bitcoin evangelist wrote last March that “central bank digital currencies will be one of the greatest violations of human rights in history.”
“Central bank digital currencies remove the privacy and decentralized nature of physical cash,” Pompliano explained. “It creates an environment where central banks have complete control over every aspect of a citizen’s financial life.”
“These central bankers will be able to see what is in your bank account, who you transact with, what you purchase, and anything else they are curious about in your financial life,” he wrote.
And there is a lot more. In our post from July 9, 2022 “Biden to Replace US Dollar” (HERE) we quoted economist Jim Rickards:
- The US paper dollar will be made obsolete
- 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 total control of all American citizens
- Every digital dollar will be programmed 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
Our post “Visualizing The State Of Central Bank Digital Currencies” (HERE) Markus Ku mapped the progress of over 90 central banks that represent 95% of the world’s Gross Domestic Product, proving that the world is going cashless as foretold in Revelation 13:16-17.
All that is missing now is the final dictator…
“Then I stood on the sand of the sea. And I saw a beast rising up out of the sea, having seven heads and ten horns, and on his horns ten crowns, and on his heads a blasphemous name.” Revelation 13:1-2