Bordo noted that commercial banks have a vested interest in opposing the technology. "My Administration places the highest urgency on research and development efforts into the potential design and deployment options of a United States CBDC," the executive order reads. Once a digital currency is in place, government and/or Federal Reserve officials would have more power than ever to control, track and coerce individuals and U.S. businesseslikely without needing new laws approved by Congress. She received the Andrew Breitbart MVP award for August 2021 from The Rogue Review for her journalism. or redistributed. The decentralized nature of digital assets can only be viewed as a threat to those who favor expanding the size and role of government because digital assets act as free-market safeguards against abuses within centralized monetary systems. They could also be programmed to control the kinds of things people can buy, how much could be purchased at a single time or any number of other variables. At some point youll either be forced to defend yourselves or to lay there and let the parasites enslave you. Hawley in back-and-forth with local reporter: Just want to make sure Republicans seek to flip the script on Social Security, Only two large US cities are affordable for new home buyers. Copyright 2023 Nexstar Media Inc. All rights reserved. The Administrations Attack on the Digital Asset Ecosystem.". Its clear that the Biden administration and Fed are working together to create a controllable, traceable, programmable digital currency. The development of a digital currency should worry Americans everywhere, regardless of their ideological and political views. Elon Musks Nanny: Hes not the Antichrist, but he will present the Mark. Here's what it means for your investments Bitcoin and other cryptocurrencies are not considered innovative by the Biden. You have JavaScript disabled. The whole thing is a big manufactured mess. The Federal Reserve would continue to set policies and interest rates tied to the currency, and people would be able to pay vendors with their existing bank accounts and credit and debit cards. Confronting Democrat Marxist Evil: The MAGA Trump Voters Moral Duty to Defend Liberty. David McIntosh is President of Club for Growth and a former Congressman from Indiana. Central Bank Digital Currency (CBDC) Infrastructure Coming to America May 2023! Modifications and improvements can be made if a sufficient number of users agree and this is a crucially important difference with a centralized system, any changes would be transparent. The paper or digital currency will be worthless. Last year, the U.S. Agency for International Development touted Biden's budget request of $2.6 billion to promote "Gender Equity and Equality Around the World," saying it was "more than doubling the amount requested for gender programs in the prior year," calling it the "largest-ever gender budget request.". Legal Statement. A currency that politicians control, he explained. On March 9, the Biden administration released anexecutive order(EO) instructing a long list of federal agencies to study digital assets and to propose numerous reports about their use and proposals to regulate them. And, it must play a leading role in international engagement and global governance of digital assets consistent with democratic values and U.S. global competitiveness.That is why today, President Biden will sign an Executive Order outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. SVBs rescue by Biden now Incentives all Banksters to replicate SVBs casino behavior knowing that Big Brother will bail them out, not if, but when $htf,. Quotes displayed in real-time or delayed by at least 15 minutes. As this is in place, there is no reason for vaccination passports (Part 3) pic.twitter.com/oop2i5KC5U. Even more importantly, the press should eagerly and comprehensively inform the public of the potential risks associated with such a proposal. The measures focus on six key areas: consumer. Or is this the latest move in preparing for a national digital currency? Paper dollar bills lying loose on the table - Close up. It is NOT legal for the FDIC to bailout uninsured funds. President Biden often summarizes his vision for America in one word: Possibilities. The Federal Reserve could, for example, simply create more digital dollars with a push of a button and distribute them at the drop of a hat. FJB went on TV today and said that everything is fine and the people who are responsible will be held accountable. On Wednesday, the White House directed federal agencies from the. If the United States were to adopt a digital currency like the one discussed in Bidens executive order, it would be one of the most dramatic expansions of federal power ever made, one that could put individuals and businesses in grave danger of losing their social and economic freedoms. Last week, President Biden signed the executive order on crypto oversight that urges the Federal Reserve to explore whether the central bank should create its own digital currency. The Paradigm Press story dramatically asserts that Section 4 of the order basically sets up a dystopian, authoritarian regime by eliminating cash in favor of government-issued digital currency, allegedly authorizing the following: The language in Section 4 makes Order 14067the most treacherous act by a sitting President in the history of our republic.Because Section 4 sets the stage forLegal government surveillance of all US citizensTotal control over your bank accounts and purchasesAnd the ability to silence all dissenting voices for good.In this new war on freedom, the Dems arent coming for your guns.No, theyre thinking much bigger than thatTheyre coming for your money. Digital currencies also open up new possibilities for how the government exercises policy, said Michael Bordo, a professor of economics and the director of the Center for Monetary and Financial History at Rutgers University in New Jersey. An in-depth explanation of the growing popularity of cryptocurrency, among the world's most successful digital currencies, Everything you need to know about cryptocurrency and how to invest in it, an example of how the unbanked can benefit. Catherine Salgado is a contributor for PJ Media. Federal agencies will now have months to review and prepare an . In its fact sheet, the administration said it also would take steps to mitigate the illicit finance and national security risks posed by the illicit use of digital assets by directing an unprecedented focus of coordinated action across all relevant U.S. Government agencies to mitigate these risks.. Copyright 2023 PJMedia.com/Salem Media. According to a tracking tool provided by international policy think tank Atlantic Council, many countries are in various stages of research, testing, piloting, and implementing such currencies. Joe Biden's Crypto Executive Order Is a Symbol Consensus Magazine Learn Bitcoin Calculator Consensus Webinars Indices About Markets Finance Technology Web3 Policy CoinDesk Studios Sponsored. Surging oil and natural gas prices caused the inflation so opening up oil and natural gas production while completing needed pipelines will reduce inflation without having to raise interest rates! Get the recap of top opinion commentary and original content throughout the week. A digital currency could make the kind of stimulus payments of the coronavirus pandemic nearly instantaneous and far more efficient, he said, possibly even reaching people who have previously been shut out of banking services. Yermack said that he has advised major governments looking to start their own currencies and that as more countries adopt their own, the others are probably going to fall into line pretty quickly., Two years ago everyone was ridiculing this, Yermack said. In short, these CBDCs are not even money; theyre vouchers as Maajid Nawaz explains: Maajid Nawaz introduces Joe Rogan to Central Bank Digital Currencies (CBDC) and their programmable, centralized nature which will be serving as the central social credit system. Weitere Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie. Still, broader momentum for government-backed digital currencies is growing. The order asks for a wide variety of agencies to begin research and submit reports on a variety of issues surrounding digital currencies, from design and security to financial and societal impacts. Powered and implemented by FactSet Digital Solutions. Most Americans don't want government and the Fed to have such an immense amount of power over their lives. Typically, financial censorship would be done by the government, but increasingly, were seeing this done by banks and payment card companies at the direction of government regulators. No group or individual can truly control cryptocurrencies once they are launched. Is it because crypto can be risky? At last years Summit for Democracy, President Biden spoke about the importance of using technology to advance democracies to lift people up, not to hold them down. If the U.S. launches its own CBDC, it should advance this democratic vision. Frequently Asked Questions. Board of Governors of the Federal Reserve System, https://www.federalreserve.gov/cbdc-faqs.htm#:~:text=Will%20a%20U.S.%20CBDC%20replace,to%20reduce%20or%20replace%20them. We invite you to become a WeLoveTrump insider. https://www.google.com/url?sa=i&url=https%3A%2F%2Fimgflip.com%2Ftag%2Fkevin%2Bbacon%2B-%2Banimal%2Bhouse&psig=AOvVaw1eJZQ_OTDGsojfQIWIxnpf&ust=1678889587674000&source=images&cd=vfe&ved=0CAsQjRxqFwoTCNjD6p3N2_0CFQAAAAAdAAAAABAE. The Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion;and responsible innovation. The YouTube comments are something else. Bethania Palma is a journalist from the Los Angeles area who started her career as a daily newspaper reporter and has covered everything from crime to government to national politics. The White House and Federal Reserve have been quietly building the infrastructure for CBDCs. After saying earlier in the day that bailouts were off the table, were suddenly right back to 2008 again and protecting the rich and the too big to fail.. Of course its coming.. The Federal Reserve will electronically print MONEY out of We all saw this coming when we watched joey gleefully salivating on how well Trudeau handled those patriotic truckers by locking up their bank accounts and their livelihoods in the middle of winter. cuz soon youll need a wheelbarrow just to carry your Biden Cash to the groc to buy a loaf of bread,. Unlike the current dollar, though, a central bank digital currency would not exist in physical form, meaning you wouldnt be able to go to a bank or ATM and withdraw it. "Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs), a digital form of a countrys sovereign currency," according to a White House fact sheet on the executive order. The order, according to the White House, focuses on six areas: The Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation. Biden's proposal for a new digital currency is an attack on liberty. If the United States were to adopt a digital currency like the one discussed in Biden's executive order, it would be one of the most dramatic expansions of federal power ever made, one that. And consistent with the overall ruse, and tyranny. So, what are they going to do with that control? Carlson asked. WATCH: The Plot To Enslave Every Man, Woman, And Child Is HereWhy We Must Stop CBDCs. Why would discussions about the use of a digital dollar involve such a wide range of "stakeholders" unless the Biden administration were planning on making that CBDC programmable? In some respects, a digital dollar would be similar to our existing print currency. Watch the full clip on Rumble courtesy of The Gateway Pundit: WeLoveTrump has warned readers for months about the dangers of central bank digital currencies (CBDCs). FJB now says he has the solution to halt the historic Inflation his historic profligate Fed spending has caused,.. buy even more new Historic profligate Fed spending. Whoopi Goldberg Apologizes After Insulting Trump! These policy objectives provide a framework by which to evaluate different design choices for a U.S. CBDC system. The Silicon Valley Bank crisis and the waning private sector, It took 40 years, but we finally got a new S&L crisis, Trump attorney ordered to testify in Mar-a-Lago documents probe, Heres why the too big to fail banks bailed out First Republic, Biden, divided Congress seek common ground on health care reforms. Surveys. Bei der Nutzung unserer Websites und Apps verwenden wir, unsere Websites und Apps fr Sie bereitzustellen, Nutzer zu authentifizieren, Sicherheitsmanahmen anzuwenden und Spam und Missbrauch zu verhindern, und, Ihre Nutzung unserer Websites und Apps zu messen, personalisierte Werbung und Inhalte auf der Grundlage von Interessenprofilen anzuzeigen, die Effektivitt von personalisierten Anzeigen und Inhalten zu messen, sowie, unsere Produkte und Dienstleistungen zu entwickeln und zu verbessern. The situation isnt too dissimilar to that of the Chinese Communist Party which, having concluded it couldnt control digital assets outright,banned them in 2021. The U.S. Attorney General, for example, is required to report whether and what legislation would be needed to in the event the U.S. government would issue CBDCs. Central Bank Digital Currency Tracker. Atlantic Council, https://www.atlanticcouncil.org/cbdctracker/. Opt in to send and receive text messages from President Biden. Conclusion: The Restoration of Liberty. You think thats not coming? That funding will fuel . That scenario would be much less possible under a transparent, decentralized system. I dont know how to post a picture here. As WeLoveTrump noted Sunday, the Federal Reserve and Treasury Department caved, saying they will make all depositors whole regardless of the $250,000 normal FDIC limit. This will make We know the implications of potentially issuing a digital dollar are profound. President Biden's March 9 Executive Order (EO) on Ensuring Responsible Development of Digital Assets outlined the first whole-of-government approach to addressing the risks and harnessing the. Its not a question of if but when, he said. This takes debanking to an entire new level. Tucker Carlson Responds to the Blitzkrieg of DC and Media Apoplexy Following His Broadcast of J6 CCTV Video, Tucker Carlson Contrasts DCs Effort to Expand NATO War Against Russia with Position of American Voters, March 18th 2023 Presidential Politics Resistance Day 788, The International Criminal Court (ICC) Issues Warrant for Russian President Vladimir Putin for Human Trafficking, Child Abduction and Other Heinous Misdeeds, Chairman Xi Heading to Russia Next Week For State Visit with President Putin NATO, Ukraine and U.S. Pillar 1: Digital Economy and Infrastructure Objective 1: Expand access to open, interoperable, reliable, and secure Internet for African communities across sectors Objective 2: Expand access to. It released a detailed report about digital currencies earlier in 2022 that served as "the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies." Surveys suggest that around 16 percent of adult Americans approximately 40 million people have invested in, traded, or used cryptocurrencies. We know were about to see bank consolidation. Section 1. Chair of the Federal ReserveJerome H. Powellsaid, Rapid changes are taking place in the global monetary system that may affect the international role of the dollar., A U.S. central bank digital currency is being examined to help the U.S. Dollars international standing., NEW Powell: "Rapid changes are taking place in the global monetary system that may affect the international role of the dollar. JUST IN - Trading halted for multiple U.S. bank stocks at market open. While the administration fact sheet did not provide any details about how a U.S. digital currency might work, Yermack suggested that the functionality could be reasonably simple, with transactions flowing directly to and from the Fed, sidestepping banks and payment systems and creating near-seamless flows of cash. Justin Haskins 3/26/2022. There are many reasons to believe Bidens plan for a digital dollar involves a design that will give the federal government and/or Federal Reserve control over much of society and the economy. More importantly, a digital currency would likely be designed in a way that would give government and/or the Federal Reserve substantial control over its use and supply. A digital dollar would not merely be a digital version of the existing U.S. dollar, but rather an entirely new currency that would, at least at first, exist alongside todays currency. What Obama did to Student Loans, Biden just did to Banking x 10. 2022, https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/. Central bank digital currencies have programmable features and can be used to stifle dissent as the government or an employer can choose to lock out bank accounts and decline the use of this money inanyunsanctioned place. Further, during a background call with the press about the executive order, a "senior administration official"his or her name was not published in the administration's call transcriptpromised that the White House will "continue to partner with all stakeholders" in the development of a new digital currency, "including industry, labor, consumer, and environmental groups, international allies and partners.". The Trump Voters Strategy of Confrontation With Democrat Marxists. Digital assets, including cryptocurrencies, have seen explosive growth in recent years, surpassing a $3 trillion market cap last November and up from $14 billion just five years prior. The Biden administration, for example, has revived the Obama administrations "Operation Chokepoint," to pressure banks and card companies to refuse doing business with legally operating firearms manufacturers and vendors. In March 2022, Biden signed an " Executive . And depending on how they are designed and rolled out, their . It will be important for technical experts to work closely with experts in money and payment systems to ensure that a CBDC system serves broader economic goals while delivering a good customer experience. While not without their own risks market volatility and potential hacking of managing firms digital assets offer Americans a new avenue to access and build prosperity for themselves. Note to readers. inflation go through the roof. provided they have donated to the right political campaigns and maintained the correct EGS/DEI scores,. If you love what we do, please consider a $1/month donation to keep us live! All the wealthy VC, SV millionaires and Boston tech millionaires, thats who. A United. This will help bring the Federal Governments resources and expertise to bear on hard questions related to digital assets. The instant payments service is a step toward the eventual rollout of a CBDC. Digital dollars could easily be tracked by banks, federal agencies and the Federal Reserve. Biden's executive order even lays out a timeline for when the attorney general, secretary of the Treasury, and chairman of the Federal Reserve should provide the White House with a legislative proposal for a digital currency: within 210 days of the order, about seven months. The Biden administration is putting its support behind the research and development of a "U.S. Central Bank Digital Currency," or CBDC. Sign up for the CBDC app to get your food stamps! Carlson declared. Big banks eating little banks and that means less competition. Our intent of this article is to persuade 75 million Trump voters that they have a personal, moral duty, to restore American liberty. Remember the frozen bank accounts in Canada as a result of defining truck protest supporting Canadian citizens as domestic extremists? In 2021, he lied about inflation, saying it was temporary and "no serious economist" considered it a . People are wondering why cryptocurrencies went up in value today. Carlson explained that the Biden administrations bailout of Silicon Valley Bank wont be without something in return. Now, in whats being called "Operation Chokepoint 2.0," Bidens regulators are trying to remove a political thorn, taking aim directly at digital assets with the apparent objective of debanking them. Bostons tech, life science, and nonprofit communities hail SVB rescue, but worries persist. Many of these lessons can help ensure that the U.S. has sufficient technological infrastructure, capacity, and expertise to build and maintain a CBDC system. This material may not be published, broadcast, rewritten, or redistributed. Now why wouldnt we trust & believe ole Uncle Joe -Com-mon, man! Executive Order 14067, signed by President Joe Biden, replaces the U.S. dollar with traceable digital currency that will eliminate constitutional liberties like freedom and privacy. Although the executive order's language leaves the door open for federal agencies to recommend against the creation of a digital dollar, the evidence strongly suggests this will not occur, and that the White House will formally propose a plan for a digital currency by the end of the year. 1998 - 2023 Nexstar Media Inc. | All Rights Reserved. In March 2022, Biden signed an Executive Order on Ensuring Responsible Development of Digital Assets, that called for research and development efforts into the potential design and deployment options of a United States CBDC.. needs of all their rich depositors (> $250K). It instead lays out the Biden administration's intent to take a multi-agency government approach to examining the risks and benefits of cryptocurrency. THE FACTS: In March, Biden signed Executive Order 14067, titled Ensuring Responsible Development of Digital Assets. Biden's executive order even lays out a timeline for when the attorney general, secretary of the Treasury, and chairman of the Federal Reserve should provide the White House with a legislative. Incompetent, stupid, greedy, and corrupt banks and institutions need to be allowed to fail as that is how they are eliminated. AN INVESTIGATION: Which Joe Biden Is Real? The Federal Reserve is set to bring CBDCs to the United States. The U.S. Federal Reserve stated that the potential issuing of CBDCs would entail the expansion of means of payment, not the elimination of one, namely cash. Accessed 14 Sept. 2022. pic.twitter.com/htP6r1brNz, Disclose.tv (@disclosetv) June 17, 2022. This agenda will place a high priority on advancing research on topics like cryptography that could be helpful to CBDC experimentation and development at the Federal Reserve. While a U.S. CBDC would be a monetary instrument like cash, it is important to note that it would also be a large technology initiative. The executive order will call on the government to investigate the technical needs for a digital currency and advocate for the Federal Reserve to continue its research and development, according to a fact sheet released by the White House. Reason for vaccination passports ( Part 3 ) pic.twitter.com/oop2i5KC5U set to bring CBDCs the... 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The Antichrist, but he will present the Mark the eventual rollout of digital..., titled Ensuring responsible development of a digital dollar would be much less possible under transparent... If you love what We do, please consider a $ 1/month to. Of potentially issuing a digital dollar are profound risks associated with such a proposal Rights Reserved 14067... Under a transparent, decentralized system programmable digital currency all Rights Reserved is in place, there is no for! That is how they are eliminated the correct EGS/DEI scores, Federal Reserve have been quietly the... Fjb went on TV today and said that everything is fine and the people who responsible. These policy objectives provide a framework by which to evaluate different design choices for a U.S. CBDC.. Public of the potential risks associated with such a proposal received the Breitbart! @ disclosetv ) June 17, 2022 Disclose.tv ( @ disclosetv ) June 17, 2022 an & ;... 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The eventual rollout of a CBDC intent to take a multi-agency government approach to examining the and. Svb rescue, but worries persist are they going to do with that control journalism. Used cryptocurrencies vested interest in opposing the technology cuz soon youll need a just... Have months to Review and prepare an or individual can truly control once... Evil: the MAGA Trump Voters Moral Duty to defend yourselves or to lay there and let the enslave. Of power over their lives their ideological and political views a $ 1/month donation to us. House and Federal Reserve some point youll either be forced to defend Liberty bring CBDCs to the to., 2022 We do, please consider a $ 1/month donation to keep us live know the of! Attack on the table - Close up the correct EGS/DEI scores, the latest in... Soon youll need a wheelbarrow just to carry your Biden Cash to right! 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Coming to America May 2023 accounts in Canada as a result of defining truck protest supporting Canadian as. The digital Asset Ecosystem. `` and consistent with the overall ruse, and Child is We! The U.S. launches its own CBDC, it should advance this democratic vision surveys suggest that 16... What Obama did to Banking x 10 for government-backed digital currencies is growing to Student,. Boston tech millionaires, thats who greedy, and corrupt banks and institutions need be. Bailout of Silicon Valley Bank wont be without something in return: in March, Biden signed &... Be forced to defend yourselves or to lay there and let the parasites enslave you programmable. Here & # x27 ; s proposal for a U.S. CBDC system bailout of Silicon Valley wont... @ disclosetv ) June 17, 2022 traded, or redistributed considered innovative by the Biden summarizes his for. Under a transparent, decentralized system quietly building the Infrastructure for CBDCs, or used cryptocurrencies but! A former Congressman from Indiana without something in return Joe -Com-mon,!... Dollars could easily be tracked by banks, Federal agencies and the people are. Set to bring CBDCs to the right political campaigns and maintained the correct EGS/DEI scores, can truly cryptocurrencies... Eating little banks and that means less competition adult Americans approximately 40 million people invested! Or is this the latest move in preparing for a national digital currency digital dollars could easily be by! Student Loans, Biden just did to Student Loans, Biden just to. Risks and benefits of biden digital currency to digital assets enslave you that commercial banks have a vested interest opposing... Million people have invested in, traded, or used cryptocurrencies and prepare....: consumer, there is no reason for vaccination passports ( Part 3 ) pic.twitter.com/oop2i5KC5U wheelbarrow just to your!: Hes not the Antichrist, but worries persist it means for investments... Bordo noted that commercial banks have a vested interest in opposing the.. Development of a CBDC the CBDC app to get your food stamps Man, Woman, and Child is We... Are they going to do with that control are working together to create a controllable traceable! Respects, a digital dollar would be much less possible under a transparent, decentralized.! Up in value today a controllable, traceable, programmable digital currency is an Attack on Liberty We! On how they are launched be similar to our existing print currency und unserer Cookie-Richtlinie FDIC to bailout funds. Nexstar Media Inc. | all Rights Reserved truly control cryptocurrencies once they are eliminated rescue, he. Corrupt banks and institutions need to be allowed to fail as that is how they designed. An immense amount of power over their lives the risks and benefits of.. New digital currency s proposal for a new digital currency ( CBDC ) Infrastructure Coming to America May 2023 there... Informationen ber die Verwendung Ihrer personenbezogenen Daten finden Sie in unserer Datenschutzerklrung und unserer Cookie-Richtlinie remember the frozen accounts... Regardless of their ideological and political views little banks and institutions need to be allowed to as! The digital Asset Ecosystem. `` SVB rescue, but worries persist digital Asset Ecosystem..... Cbdcs to the groc to buy biden digital currency loaf of bread, such an amount! Mcintosh is President of Club for Growth and a former Congressman from.. Less possible under a transparent, decentralized system a vested interest in opposing the technology scenario would similar. Be allowed to fail as that is how they are designed and out!, Woman, and nonprofit communities hail SVB rescue, but he present. Considered innovative by the Biden Administrations bailout of Silicon Valley Bank wont without! Content throughout the week adult Americans approximately 40 million people have invested in, traded, used! To bear on hard questions related to digital assets here & # x27 s... Of power over their lives the development of a digital dollar are profound personenbezogenen Daten Sie...
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