How The Federal Reserve Plans To Control and Surveil You Using Digital Currency

BIDEN SIGNS EXECUTIVE ORDER TO EXPLORE FEDERAL DIGITAL CURRENCY

Dr. Michael Rectenwald, author, Distinguished Fellow at Hillsdale College, and former NYU Professor. He is the author of “The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda” Michael discusses the various components of the Great Reset, including the economic system it establishes, the deep history of the World Economic Forum (WEF), the population control "ethics" of the WEF and related globalist organizations. You can find Michaels’ book here: The Great Reset and the Struggle for Liberty: Unraveling the Global Agenda.

DIGITAL CURRENCY WILL LEAD TO MASS SURVEILLANCE

How the Fed’s digital currency could END ECONOMIC FREEDOM

Right before Thanksgiving, when Americans were distracted with travel plans and family feasts, the Federal Reserve announced it is testing its own CBDC (Central Bank Digital Currency). Carol Roth, former investment banker and author of ‘The War On Small Business,’ joins Glenn to detail how this CBDC is the OPPOSITE of decentralized cryptocurrencies that interest millions of Americans. Yet, the Fed is trying to confuse Americans into believing the two kinds of digital currencies are just alike: ‘It’s a new scheme to maintain power and control.’ Plus, Roth explains how this CBDC — if it becomes the norm — WILL END our economic freedom...

Federal Reserve set to introduce privacy-crushing digital currency that can be ‘controlled’ and ‘programmed’ by government bureaucrats

Right before Thanksgiving, our trusted leaders in D.C. did what they did best: They pushed forward controversial policies while YOU weren’t watching. In this clip, Glenn details how the Fed began its ‘Central Bank Digital Currency’ program last Wednesday afternoon, while Americans were busy preparing for the holidays. Plus, Glenn explains another, big decision the Biden administration made that very same day...

Say Good Bye To Your Freedom: Fed Announces CBDC Trial

After FTX Scam, Federal Reserve Makes its Move With a Digital US Dollar

BY J.D. HEYES

SEE: https://www.naturalnews.com/2022-11-28-federal-reserve-to-introduce-digital-currency-controlled-bureaucrats.html;

Republished below in full unedited for informational, educational, & research purposes.

(Natural News) When Barack Obama was in the White House and Democrats controlled Congress for his first two years in office, they passed a bill dubbed “Obamacare” that was the first step toward giving federal government bureaucrats complete control over Americans’ health care.

Since all Americans require medical care during their lives, the move was seen by critics as the ultimate authoritarian move; after all, if the government controls all healthcare decisions, tyrannical government bureaucrats could then begin to dictate behaviors and reward or punish people based on behavior.

Now, the government is attempting yet another major authoritarian move: The creation of a “digital currency” with the endgame objective being to control behaviors through “programmable” money that can influence and/or block certain spending habits.

“The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC,” Coin Telegraph reported this week.

The outlet continued: “In a Nov. 15 announcement, the New York Fed said the program would explore the feasibility of an ‘interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger’ on a regulated liability network. Banking giants including BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Trust, U.S. Bank, and Wells Fargo will be participating in the pilot by issuing tokens and settling transactions through simulated central bank reserves.”

Mind you, the participating banks are advertising this simply as a concept to make interoperability more feasible, but make no mistake, this ‘test’ is research: The Fed wants to develop and then hone this technology so that a ‘programmable’ digital currency can be introduced to the general public for the express purpose of controlling spending habits by favoring or disfavoring products (think ‘yes’ for electric cars, solar panels, and fake ‘meat’ but ‘no’ for cigarettes, alcohol, gasoline, and anything deemed ‘harmful to the planet’).

“The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve,” NYIC Director Per von Zelowitz said in announcing the pilot program.

“Kansas City Federal Reserve Bank President Esther George said in an interview that inflation is at risk of growing entrenched in the economy, making it difficult for the Federal Reserve to fight inflation without a recession. George said that labor is the driver of inflation now, rather than supply chain or production shortages, and the real challenge for policymakers is prematurely ending rate increases,” private intelligence firm Forward Observer reported in a note to subscribers earlier this month.

An accompanying analyst comment noted: “Fed officials have previously waved off the risk of recession, so this admission is significant. George is now saying the proverbial quiet part out loud, as [Federal Reserve Chairman Jerome] Powell has been engineering a deliberate recession since last year.”

Now, as an engineered recession is upon us, the same Fed will be introducing a digital currency that it can manipulate on behalf of the wishes of the deep state permanent government.

N.Y. Fed said in a statement: “This U.S. proof-of-concept project is experimenting with the concept of a regulated liability network. It will test the technical feasibility, legal viability, and business applicability of distributed ledger technology to settle the liabilities of regulated financial institutions through the transfer of central bank liabilities.”

“The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve,” said Per von Zelowitz, Director of the New York Innovation Center.

…’as money and banking evolve.’

Why do either of these have to “evolve” in the first place?

Sources include:

ForwardObserver.com

CoinTelegraph.com

Biden regime pushing ‘digital dollar’ so government can seize assets at will, control population

BY J.D. HEYES

SEE: https://www.naturalnews.com/2022-09-23-biden-regime-pushing-digital-dollar-seize-assets-at-will.html;

Republished below in full unedited for informational, educational, & research purposes.

(Natural News) It’s a safe bet to believe that anytime Democrats propose something, the real purpose behind it is to gain more control over Americans because, at its heart, the Democratic Party is really Marxist and counterrevolutionary.

That’s why the Biden regime’s push for a “digital dollar” should be opposed by all Americans, regardless of their political beliefs.

When Barack Obama and majority Democrats were pushing for universal health care that was completely controlled by the government, tens of millions of Americans opposed the idea because they did not want an inefficient, bloated, and authoritarian federal system in control of their healthcare decisions. That seems odd now, given their complaints about the U.S. Supreme Court’s decision earlier this summer to overturn Roe v. Wade — not to outlaw abortion, but to return the issue to the states where it should have stayed.

The push for “Obamacare” by the authoritarian left was simple: They knew that every American, at various points in our lives, will need health care. Gaining control of the entire industry would mean that the government would control it completely, giving bureaucrats life-and-death power over all of us. No one should want that.

In any event, enough Americans opposed “Obamacare” so all we ended up with was an expensive new welfare program for our citizens: Subsidized insurance for a smaller group of Americans that is still controlled by federal bureaucrats. But Obamacare was simply the first bite of the apple: Democrats continue to plot ways to destroy private healthcare by pushing various regulatory schemes to impose more rules over providers and insurers alike.

Now, the regime wants control over our money, which is another vital tool in the authoritarian playbook.

A ‘white paper’ published on the White House website calls for the creation of a “digital dollar” that, of course, will be controlled by the government, much like the government currently has the sole role and responsibility to develop and print our currency (real dollars). But the difference here is that if all money was digital, the government could (and would) monitor our bank accounts; monitor all of our transactions; impose barriers to purchases of certain ‘unfavored’ items; and even block access to our money or limit how much of it we could spend — all for the ‘greater good,’ of course.

“A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC,” the White House policy paper notes before touting the digital dollar’s “benefits.”

“If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data,” the paper added.

“At last year’s 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,” the authors wrote.

Again, Democrats always mean the opposite of what they say. They speak of “democracy” while working daily to undermine it with gun control, packing the Supreme Court, ending the filibuster, and finding ways to alter our electoral processes so that their candidates will always come out on top.

A digital dollar is just part of the never-ending scheme to rob Americans of our independence and liberty. Giving Uncle Sam more control over our lives is just dumb.

Sources include:

WhiteHouse.gov

NaturalNews.com