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#Federal Reserve CBDC
harichandrasblog · 1 year
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Watch Jim Rickards outline the emerging collapse of the petro dollar or fiat currencies and how the global elites will "sit together" to unleash a bunch of CBDCs(Central Bank Digital Currency) on global populace who are yoo weak to even resist.
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digitalguap · 1 year
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War On Cash Has Begun - The Digital Dollar Is Here
War On Cash Has Begun – The Digital Dollar Is Here
The warm cash has begun and we better Get prepared the Federal Reserve has Launched the digital dollar and there's No escaping this we'll be talking about How cash is slowly gonna get phased out And guess what this timetable is getting Accelerated we're gonna live in a world Where there will be terms and conditions Attached to your money and monetary Policy will be rolled out like never Before…
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dencyemily · 3 months
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Trump Pledges Opposition to Federal Reserve's Digital Currency in Presidential Bid
In a bold move during his 2024 presidential campaign, former U.S. President Donald Trump pledged to oppose the creation of a Central Bank Digital Currency (CBDC) by the Federal Reserve. Speaking in Portsmouth, New Hampshire, on January 17th, Trump emphasized his commitment to safeguarding Americans' freedom, categorically stating he would "never allow" the introduction of a CBDC. His stance resonates with other Republican leaders, such as Florida Governor Ron DeSantis, highlighting broader concerns within the party about potential government overreach in personal finance.
Trump's concerns center around the notion that a government-controlled digital currency poses a threat to freedom and privacy. He contends that such a currency could grant excessive power to the government over individuals' financial matters, potentially enabling unauthorized interventions.
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CBDC's will bring the technocracy.
Remember, "You'll own nothing and be happy."
Keep your money safe from tyrants
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indianahal · 7 months
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The U.S. Federal Reserve is seriously exploring the adoption of a central bank digital dollar known as a CBDC.  Many are concerned if they could centralize American's financial information and holdings in a digital database controlled by the U.S. government.  Then they would have complete discretion over how and whether people can use their own money.  CBDCs could be modeled after the Chinese digital currency which also uses a social credit score for behavior enforcement.  My new video entitled the "Fed Moving Quickly For New Digital Dollar CBDCs."
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empresa-journal · 10 months
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Don’t Buy Big Finance’s FedNow and CBDCs Dystopian Lies
Big FinTech and Silicon Valley are using hysterical lies about dystopian technology to sabotage the Federal Reserve’s efforts to modernize America’s financial system. Social media and podcasts are full of hysterical claims that the Federal Reserve’s new payments platform, the FedNow Service, is a dystopian plot to strip Americans of financial freedom. I think these lies are a deliberate smear…
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taylorscottbarnett · 2 years
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CBDC'S are a big fascination for me.
I support CBDC, in that I support continuing to try and find the fastest, cheapest, method to get: a to b and b to a without waiting or paying exorbitant fees. Like for example, getting a tax return check sent to you costs transaction fees far greater than those offered on Algorand's network.
Or consider the fiasco the US has every years making sure tax returns get to the right places, or that they get sent to the right people. (Or pandemic aid).
The IRS sending xxx.xx to xx wallet address or you sending xxx.xx to xx wallet address come tax time rather than mailing or sending it through a tax prep, etc seems both a bit faster, and a lot cheaper. Especially when it comes to people who file overseas. A wallet address is also yours regardless of you moving or changing names, so there's far less chance of errors in reporting/sending of money due to files not being up to date.
The IRS also faces a lot of scammers every year. Of note a lot of sophisticated crime rings in Russia and China as the US rushed to get aid out during the pandemic. The vast majority of fraud that happend was via crime rings who'd been sitting on vast troves of data stolen or purchased during the nearly weekly data hacks from banks, credit card companies, retailers, and nearly anyone who has a network you put information into. They saw a golden opportunity to fleece taxpayers and they did. People like to point out fraud done by individuals but don't talk as much as the organizations that rake in far greater sums.
Further it would be far harder for someone to "hack" a digital wallet. Guessing a seed phrase would be nigh impossible. I use hack in quotations because it's an overused term. Most hacks tend to be social engineering or Spyware than a true hacking. Further: most of the wallets I've tried out won't even let you screenshot the seed phrase. Not to mention seed phrases are FAR more secure than randomly generated passwords. Computers are REALLY good at running cracks on random assortments of numbers and letters. Exhange a 27 letter/number password for say, a 27 word phrase? Far more secure against brute force attacks.
You can like or hate project Hamilton. For a lot of reasons. Maybe you hate crypto and think it's all a scam (and to be clear there's plenty of scams in crypto, even among "true beliver hyper libertarian anti-fiat crypto bro" crazies).
Maybe you just don't trust the idea of the government having "control" like that. (To be clear, the Federal Reserve would control a digital currency, not the US Government itself).
However in terms of making government services run more efficiently, faster, cheaper, with less fraud, Project Hamilton is potentially the largest revolution in US currency since Alexander Hamilton originally thought up the first US Central Bank.
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americanyellowvest · 2 years
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FedNow
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reality-detective · 1 year
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Greg Reese Report 👇
Federal Reserve Bank Launches Phase One of CBDC This July
FedNow is the gateway to a Central Bank Digital Currency
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darkeagleruins · 8 days
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President of the Federal Reserve Bank of Minneapolis, Neel Kashkari:
"CBDC doesn't solve any actual problems, other than enabling central bankers to monitor all transactions, and deduct taxes directly from people's accounts"
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trickricksblog09 · 17 days
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President of the Federal Reserve Bank of Minneapolis, Neel Kashkari, admits that CBDCs don't solve any actual problems other than enabling central bankers to monitor all transactions and deduct taxes directly from people's accounts.
"I keep asking anybody, at the Fed or outside of the Fed, to explain to me what problem this is solving... I can see why China would do it. If they want to monitor every one of your transactions, you could do that with a central bank digital currency. If you want to directly tax customer accounts, you could do that with a central bank digital currency. So I get why China would be interested. Why would the American people be for that?"
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A seismic economic shift is coming that will alter our way of life. 131 countries around the globe are exploring or have adopted new "central bank digital currencies." This also includes the U.S., who just launched the FedNow system and announced in November 2022 that the New York Federal Reserve system is developing a CBDC. It's not long until CBDCs become a reality in this country. The question is...are you prepared? With that said, I am excited to announce my new book, "3 Ways To Prepare For CBDCs" is now live on my site. Prepare now: https://www.jasonbassler.com/product-page/CBDCbook #CBDC #CentralBanks #FederalReserve #JasonBassler #3WaysToPrepareForCBDCs
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patriotdad1776 · 1 year
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