Chairman Jay Powell Addresses Federal Reserve Board of Governors On Central Bank Digital Currencies

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Assessment: Total government control of money that will pave the road to the mark of the beast is in view …

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, 17 and that no one may buy or sell except one who has the mark or the name of the beast, or the number of his name.” Rev. 13:16-27

 

Excerpt from Speech: Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments. Our own FedNow service will be coming online in 2023. And in light of the tremendous growth in crypto-assets and stablecoins, the Federal Reserve is examining whether a U.S. central bank digital currency (CBDC) would improve on an already safe and efficient domestic payments system.  As the Fed’s white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar’s international standing. Read More …

See our paper “The 1% and Revelation: Do Not Harm the Oil and Wine” HERE

Thanks to VS for contributing to this post

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