Posts Tagged ‘CBDC’
Watchman Warning: An Economist and Professor Reveal That Central Banks AKA Satan Soldiers Want to Microchip People So They Can Administer and Control CBDCs
HNewsWire: The core problems of Central Bank Digital Currencies (CBDCs) have been addressed many times here, but it may bear repeating these two facts – First, in a cashless society all privacy in trade is lost, and second, banks and governments will control access to all of your money. If such a system is allowed, it will act as a major stepping stone to technocratic authoritarianism. It’s inevitable. The Australian government and central bank have been involved in a beta test for the past year with the proliferation of CBDCs in mind. Their partnership projects with the Bank for International Settlements and pilot programs with companies like Mastercard are about to wrap up this fall, and it looks as though Aussie bureaucrats are planning to implement their cashless system very quickly after the trial run is finished. In defense of……
Read MoreWatchman: Major Australian Banks Are Going Cashless – Forced Acceptance Of CBDCs Next?
HNewsWire: The core problems of Central Bank Digital Currencies (CBDCs) have been addressed many times here, but it may bear repeating these two facts – First, in a cashless society all privacy in trade is lost, and second, banks and governments will control access to all of your money. If such a system is allowed, it will act as a major stepping stone to technocratic authoritarianism. It’s inevitable. The Australian government and central bank have been involved in a beta test for the past year with the proliferation of CBDCs in mind. Their partnership projects with the Bank for International Settlements and pilot programs with companies like Mastercard are about to wrap up this fall, and it looks as though Aussie bureaucrats are planning to implement their cashless system very quickly after the trial run is finished. In defense of……...
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Watchman: Fed Dramatically Speeds Up U.S. Payments With FedNow, but Downplays Any Tie to CBDCs–Don’t Trust The Fed’s
HNewWire: Some argue it would weaken crypto’s payments use case or form a bridge to a digital dollar. By Jack Schickler Jul 20, 2023 at 9:36 a.m. CDT Updated Jul 20, 2023 at 2:54 p.m. CDT Takeaways FedNow conveys money almost instantly, versus the hours or days it has conventionally taken in the U.S. – finally bringing the world’s largest economy in line with other countries. The central bank has denied that FedNow is tied to any digital U.S. dollar initiative. The U.S. Federal Reserve officially opened its new instant payments service, FedNow, on Thursday, significantly speeding up how long it takes to send money in the world’s largest economy. The central bank said 35 banks and credit unions are participating. Early adopters include JPMorgan Chase and Wells Fargo, with 16 other institutions supporting processing of payments that the Fed…
Read MoreHNewsWire Warns That CBDCs, “If Not Consciously and Faithfully Constrained in Advance by Law, … Have the Potential to Become Even More Than a Technocratic Central Planner’s Fantasy — They Will Represent the Single Greatest Expansion of Oppressive Power in History — Tribulation on Steroids
HNewsWire- As a barrage of Western sanctions wreaks havoc on Russia’s economy, some are pondering new strategies to circumvent future US economic penalties. Central bank digital currency (CBDC) networks, according to Lewis McLellan, the digital editor of the Official Monetary and Financial Institutions Forum’s (OMFIF) Digital Monetary Institute, are one prospective tool for defanging future penalties: Networks of cross-border central bank digital currencies are being created throughout Asia (like the mCBDC Bridge, which involves Thailand, Hong Kong, China and the United Arab Emirates). Russia’s central bank is working on a digital rouble, and Governor Elvira Nabiullina has shown interest in the currency’s ability to facilitate cross-border transactions, particularly with China. A big and unexpected new change might soon influence the fortunes of thousands, leaving the bulk of people worse off than before. Further Information In addition, the digital yuan may…
Read MoreWatchman: With Big Banks Failing, CBDC’Banks Failings Can’t Be Far Behind—and We Can’t Stop Them (Christ Enemy); The Tribulation Must Continue; And “Lockdown” Will Be for Us All for a Limited Amount of Time, Jesus Is Coming!
The American Government, Run by Evil Secret Societies, Is Making a Concerted Effort to Impose Digital Currency. You Must Agree to “The Mark” or You Will Be Unable to Transact Business. HNewsWire: Once the economy has melted down, CBDC’s will be proffered as the ONLY way we can get “back to normal”—a “cure” that will turn out to be as catastrophic, in their way, as those “vaccines”… This is likely a deliberate blow to crypto. The Fed gangsters can’t have competition with their Ponzi scheme. The Fed is suppressing an alternative to CBDC, its own digital money (Central Bank Digital Currency). The involvement of Vice President Biden is irrelevant. He’s the Fed’s stooge, a figurehead who makes it seem like the central bank is accountable to Congress. Not at all. Privately owned and operated by the largest U.S. banks, the Fed…
Read MoreWatchman: It Would Be Quite Foolish Not to Believe That the FedNow Program Is a Stepping Stone Towards CBCDs at This Stage–the Beast Has Been Roll Out
HNewsWire: by Brian Shilhavy Editor, Health Impact News Note: While I am writing and publishing this article on March 31, 2023, most of you will be reading this on April 1, 2023, or later. The first week of April, 2023 marks the beginning of the enrollment and certification process for financial institutions to start participating in the Federal Reserve’s new FedNow “Instant Payments” services, which is scheduled to launch in July, 2023. (Source.) What is FedNow? The FedNow Service is a new instant payment infrastructure developed by the Federal Reserve that allows financial institutions of every size across the U.S. to provide safe and efficient instant payment services. Through financial institutions participating in the FedNow Service, businesses and individuals can send and receive instant payments in real time, around the clock, every day of the year. Financial institutions and their…
Read MoreWatchman Sees Danger: Governments Will Mandate CBDC as the “Solution” When the Next Real or Planned Contrived Crisis Hits, Which Is Not Far Off, “Plandemic Coming”
The Fed gangsters can’t have competition with their Ponzi scheme. The Fed is suppressing an alternative to CBDC, its own digital money (Central Bank Digital Currency). HNewsWire: Authored by Nick Giambruno via InternationalMan.com, and ZeroHedge The eNaira is Africa’s first central bank digital currency (CBDC). Central bankers, academics, politicians, and an assortment of elites from over 100 countries hoping to launch their own CBDCs have closely followed the eNaira. They used Nigeria—Africa’s largest country by population and size of its economy—as a trial balloon to test their nefarious plans to eliminate cash in North America, Europe, and beyond. Are you concerned about CBDCs? Then you should be paying attention to what is happening in Nigeria. That’s because there’s an excellent chance your government will reach for the same playbook when they decide to impose CBDCs in your area—which could be……...
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The NEW WORLD ORDER Is Taking Shape: The Movement for Central Bank Digital Currencies (CBDC) “Is Gathering Steam, Fueled by Central Bank Inventiveness
HNewsWire- As a bombardment of Western sanctions wreak havoc on Russia’s economy, some are considering new methods to avoid future US economic restrictions. According to Lewis McLellan, the digital editor of the Official Monetary and Financial Institutions Forum’s (OMFIF) Digital Monetary Institute, one possible weapon for defanging future penalties is central bank digital currency (CBDC) networks: Across Asia, networks of cross-border central bank digital currencies are being developed (like the mCBDC Bridge, which involves Thailand, Hong Kong, China and the United Arab Emirates). Russia’s central bank is developing a digital rouble, and Governor Elvira Nabiullina has indicated interest in the currency’s potential for enabling cross-border transfers, notably with China. A large and unexpected new shift might soon affect the fortunes of thousands, while leaving the majority of people less off than they were before. Additional Information Additionally, the digital yuan…
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