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Showing posts with label CBDC. Show all posts
Showing posts with label CBDC. Show all posts

Saturday, May 6, 2023

A War to Destroy America

 


I first heard of attorney Tom Renz last month, when I read about the effort in Missouri to pass legislation requiring meat producers to disclose injections of mRNA vaccines into livestock.  Part of the transcript & report of “Another Renz Rant” was published at Freedom First Network; he enumerates some of the many wrecking balls destroying our culture and our way of life:

Ohio-based lawyer Thomas “Tom” Renz has warned the American people that a war is being waged to destroy and destabilize the United States.

Renz said the enemies are hitting America from different directions, including from within.

“Whether it’s [Wuhan coronavirus] COVID-19, whether it’s the economy, whether it’s just military operations, invasion through the southern border, trafficking – it’s just everywhere,” he said during the Episode 60 of “Another Renz Rant” podcast.

“Everywhere you look, you see a lot of the push to end free speech in America is coming from outside. But coming from outside, they can’t do anything. It can only be done if they can manipulate us inside. And that’s what’s happening.”

According to Renz, these attacks have become possible because of corruption.

. . .

[Mr Renz] pointed out that America has an open southern border, where drug and child trafficking are rampant. He added that the energy supply is under attack with power stations being shut down and legislation being passed to bar energy-producing facilities like coal-fired power plants. Globalists and climate alarmists are also pushing for more widespread use of electric vehicles and the destruction of energy production capabilities.

The attack on food supply also continues, with the killing of animals either by fire or gene therapy injections. Food processing plants and farms are also being destroyed. 

. . .

And then there’s the push for central bank digital currency (CBDC) and the destruction of the dollar.

“If you wanted to put a plan in place to destabilize and destroy America, what would you do differently than what’s happening now? The answer is nothing. They are destroying American families, American culture, the American way of life,” Renz said.

Those who dare to speak out are being censored. . . .

Read the full report here.  Video at the link.

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Thursday, April 27, 2023

Cashless ATM cards? Bad idea.

 

 

A report by Eric Lendrum at American Greatness references “cashless” ATMs – an obvious step on the way to digital currency.  Mr. Lendrum points out that several cities and states have banned cashless ATMs.  Ohio is not yet one of them:

A variety of businesses have begun implementing “cashless” ATMs that give out stored-value cards in exchange for cash.

. . .

However, several states and cities have passed laws to forbid businesses from doing so, in order to accommodate customers who don’t have bank accounts or credit cards of their own. The Federal Deposits Insurance Corporation (FDIC) says that these “unbanked” Americans account for roughly 4.5 percent of the overall American population.

The cities that have banned such devices include New York City, San Francisco, Washington D.C., and Philadelphia. The states of Colorado and New Jersey have also implemented bans on cashless ATMs.

The complete report is here.  It’s one way to resist Central Bank Digital Currency.  Well, at least it’s a start.

RELATED:  Justin Haskins at Fox News:  “Biden administration is quietly planning for a future where you don’t own money”

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Wednesday, April 12, 2023

What is Project Icebreaker? (Hint: it's about digital currency)




What is Project Icebreaker?  What is the BIS?  Brandon Smith answers both questions at InfoWars.  First, two major take-aways re: the Central Bank Digital Currency (CBDCs):

In a cashless society most people would be dependent on digital products for exchanging goods and labor, and this would of course mean the end of all privacy in trade. Everything you buy or sell or work for in your life would be recorded, and this lack of anonymity could be used to stifle your freedoms in the future.

With CBDCs in place and no physical cash in existence, your savings will never be truly yours and you’ll never be able to hold your purchasing power in your hands. The means of exchange would be bottle-necked by the banks, and governments would have the option to freeze your ability to transact.

And now for two answers:

. . . The Orwellian nature of CBDCs cannot be overstated. In a cashless society most people would be dependent on digital products for exchanging goods and labor, and this would of course mean the end of all privacy in trade. Everything you buy or sell or work for in your life would be recorded, and this lack of anonymity could be used to stifle your freedoms in the future.

. . .

It’s important to understand that central bankers are moving at breakneck speed to develop and introduce digital currencies. It’s not a matter of experimentation, they already have these systems ready to implement. The Federal Reserve’s instant transfer program “FedNow” is set to debut this July, which is not a CBDC but it is an intermediary step towards instituting CBDCs in the near term.

In my investigations of various CBDC programs and how quickly they are progressing I came across an interesting program called “Project Icebreaker” being run by the Bank for International Settlements (BIS). For those not aware, the BIS is a globalist institution with a clandestine past known as the “central bank of central banks.” It is the policy making hub for most of the central banks in the world. If you ever wondered how it was possible for so many national central banks to operate in tandem with each other instead of acting in the interests of the countries they reside in, the BIS is the answer. In other words, organizations like the Federal Reserve are not necessarily loyal to Americans or to American officials, they are loyal to the dictates of the BIS.

The BIS is at the forefront of the movement towards the adoption of CBDCs. . . .

. . . Project Icebreaker in particular grabbed my attention for a number of reasons. The BIS describes the project as a foreign exchange clearing house for Retail CBDCs (retail CBDCs are digital currencies used by the regular public and businesses), enabling the currencies to be traded from country to country quickly and efficiently. This is accomplished using the “Icebreaker Hub”, a BIS controlled mechanism which facilitates data transfers for an array of transactions while connecting banks to other banks. . . .

Read the full report here.   This blog has previously posted on the subject of digital currency, e.g., here and here.

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Monday, April 10, 2023

Digital Currency = Political Tyranny

 


Robert F. Kennedy Jr, has announced his bid for the Democrat Party’s nomination for President in 2024.  He’s been an outspoken (and published) critic of the COVID "vaccine” mandates and Dr Anthony Fauci, and now he’s taking on the imminent introduction of global bank digital currency (CBDC).  A digital currency challenges the dollar as the world's reserve currency.  Ben Bartee at PJ Media reports:

RFK Jr. Warns of Serious CBDC Threat to Liberty

. . .

Taking to Twitter, RFK Jr. succinctly laid out the reasons for his principled opposition to central bank digital currencies:

The Fed just announced it will introduce its “FedNow” Central Bank Digital Currency (CBDC) in July. CBDCs grease the slippery slope to financial slavery and political tyranny.

While cash transactions are anonymous, a #CBDC will allow the government to surveil all our private financial affairs. The central bank will have the power to enforce dollar limits on our transactions restricting where you can send money, where you can spend it, and when money expires.

He goes on to warn of the obvious social control implications that this newfound government power to turn off the financial spigot on a whim will confer to the bureaucracy — of the hellish CCP social credit score variety.

“Watch as governments, which never let a good crisis go to waste, use Covid-19 and the banking crisis to usher in a new wave of CBDCs as a safe haven from germ-laden paper currencies or as protection against bank runs,” the son of the legendary Robert F. Kennedy Jr. concluded. . . .

July is right around the corner.

RELATEDBRICS Nations challenge US Dollar’s dominance (America First Report)

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Wednesday, December 21, 2022

Going cashless: weaponizing the banks

 

Digital dollars? Sounds innocuous enough, but it’s not.  In a recent column at Based Underground, Claudio Grass points out the dangers in the imminent move to digital currency. Here’s a sample:

As Reuters reported on the 15th of November, “Global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York. Citigroup Inc , HSBC Holdings Pl, Mastercard Inc and Wells Fargo & Co are among the financial companies participating in the experiment alongside the New York Fed’s innovation center, they said in a statement. The project, which is called the regulated liability network, will be conducted in a test environment and use simulated data, the New York Fed said. The pilot will test how banks using digital dollar tokens in a common database can help speed up payments.”

. . .

[T]he stakes are too high for people to ignore this development. Whoever controls the money, controls everything and the rise of CBDCs [Central Bank Digital Currency] threatens to make that control absolute, closing whatever little “loopholes” of freedom may still exist today.

To most citizens, savers and taxpayers, the transition to a digital dollar might seem harmless, or even beneficial, given that most of the population today associates digitalization with convenience and speed. Indeed, if one doesn’t understand the ins and outs of monetary history, of fiat money and of digital currencies, this concept appears totally innocuous. But even for many who do understand these things, it might seem like such a step would really make no difference. Junk money is junk money after all, be it physical or digital, it’s still backed by nothing, right?

Well, that is right indeed, but there’s a lot more to it. While the currency itself will continue to be worthless, its digital form will come with a bunch of perks and advantages for central planners. As Eswar Prasad, professor of trade policy and economics at Cornell University, puts it:

One should recognize that the CBDC creates new opportunity for monetary policy. If we all had CBDC accounts instead of cash, in principle it might be possible to implement negative interest rates simply by shrinking balances in CBDC accounts. It will become a lot easier to undertake helicopter drops of money. If everybody had a CBDC account, one could easily increase the balance in those accounts.

What this essentially means is that any choice that remains and any degree of financial sovereignty that is left in the present system could be easily wiped out by CBDCs. And its not only financial freedom that’s at stake: these centralized digital currencies can be used by governments to monitor, to control and even to directly punish dissenters, by blocking transactions, freezing their accounts or seizing they assets. Some might find that farfetched, but those are probably the same people who thought that China’s “Social Credit System” was implausible too, right up to the moment it was actually implemented.

Full article is here.

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Friday, October 28, 2022

Central Bank Digital Currency: bad idea


At Big League Politics (Oct 26), Jose Nino reported:

During an interview on CoinDesk TV, Connecticut Congressman Jim Himes said that the United States government should create a central bank digital currency (CBDC). He believes the US must do so in order to not be “left behind.” 

Countries such as Australia, China, Japan, and Russia have rolled out pilot projects to test run CBDCs.

Himes stated that the US should get the ball rolling on developing a CBDC so that “we’ve got the option to move forward” when it comes to competing wit’s other great powers using similar currencies.

. . . [BUT, as Mr Nino comments]

CBDCs are just another way globalists want to take control of people’s economic livelihood. While technology can enhance people’s lives, it can also be used as a way to exert control over them.

. . .

Instead there should be the promotion of a separation of central banking and state through legislation that allows for competing currencies to operate freely in the marketplace. 

The solution to these economic issues ultimately lies with mechanisms that promote more economic freedom as opposed to economic control. 

Read the full report here. Another wrecking ball if this plan succeeds.

RELATED headline: "New British Prime Minister Rishi Sunak is World Economic Forum Globalist, Pushing Banker-Controlled Digital Currency"

 


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