Never let a crisis go to waste. Or a market crash for that matter.
With equity and bond markets stuck in brutal bear markets and providing a sufficient distraction to what is happening behind the scenes, the Fed and a group of banks have been quietly preparing for the next stage in the “organized crash” pipeline: the rollout of CBSC.
According to a statement by the New York Fed, global banking giants are starting a 12-week digital dollar pilot with the Federal Reserve Bank of New York, the participants announced on Tuesday.
Citigroup, HSBC Holdings, Mastercard and Wells Fargo are among the financial companies participating in the experiment alongside the New York Fed, which will provide a “public contribution to the body of knowledge on the application of new technology to the regulated financial system.”
Bank of New York Mellon, the money-laundering bank of the world, HSBC Holdings, PNC Financial Services, Toronto-Dominion Bank, Truist Financial and U.S. Bancorp are also participating in the test, along with payments network Mastercard.
The project, which is called the “regulated liability network”, will allow banks to simulate issuing digital money representing their customers’ own funds before settling through central bank reserves on a distributed ledger, the New York Fed said.
The pilot will test how banks using digital dollar tokens in a common database can help speed up payments.
~~~~~~~~~~~~~~~~~~~~~
You will own nothing and you will like it. Digital Benjamins will allow the government to control your wealth, purchases and how you live your life. Welcome to the Deep State dystopia where life is cheap, compliance and subjugation are mandated by Big Brother and the elites are our masters.
David DeGerolamo
I read about something like this somewhere.
I know where you read it, was it a warning or prophecy?
Dana
Both. To function in that society you will have to sell your soul.
Another milestone on the road to the beast and the antichrist. “No flesh would be left alive if not the days had been shortened for the elects’ sake.”
There are pundits saying not to use the bible to analyze present day events. Ummm…yeah, right. Well…go back to sleep then cuz we’re seeing it unfold before our eyes.
I use to think that if I had a dollar every time I heard an old man say he will see Jesus come back and then he died. I would be a rich man. Now I am the old man saying it.
I do have to say, I am with you on this one. It is all falling into place and they are admitting all of it.
Pretty awesome isn’t it! We were chosen to be in this time, we are here to give testimony. Pure bloods 144000
don’t believe anything you hear coming from the Fraudulent banking system as well as our criminal run federal government because they will try to dupe as many Americans as they can into the digital dollar and begin stealing their hard-earned money from their bank accounts if they don’t line up with the beast system. this will be easy for the beast to do this because many Americans have lost their ever-loving minds by the taken the beast clot shots. It’s over with for them and the books will be closed out by our Lord. the blind leading the blind both falling into the ditch together. What a rightful end to a pitiful and easily led people.
My last load of ammo is inbound. If it makes it. Get ready cause it is going to get quite rebellious and hot. Every God fearing man should have done the same. Preps are almost ready, and everyone of us should be fearful of a God, but love Him and Jesus, and not be afraid to die. We have been pushed to our limits.
I am ready and willing to lay down my life, I will not live in a Godless demon filled society. The sooner the better, I have no fear of man, I fear the Lord Jesus Christ and being put in the everlasting burning pit, I have honed the blade on my sword razor sharpe.
Rev 13:7 And it was given unto him to make war with the saints, and to overcome them: and power was given him over all kindreds, and tongues, and nations.
No eschatological arguments please, I am just quoting the Word. Notice it will be war, that implies 2 or more side fighting.
Revelation is a future administration. The epistles are written to the saints, the born again believers in the present grace administration. No Revelation starting until Christ returns for the first time for his saints, [1Thessalonians 4:13 -18.]
No eschatological arguments please, I probably know them better than you.
Honesty time, I don’t know what eschatological means. Too lazy to look it up.
We *REALLY* need to stop using *their* money.
They will now come for the firearms and the cash. Watch and see. they are already poking the bear harder and will have their WW3.
It took less than nine months from the signing of executive order 14067. Nine months to completely reinvent and initiate the entire United States monetary and exchange system!? I suppose I need to put my money where my mouth is. Beginning Monday I will implement a two tiered system. Those that choose to pay with cards or other forms of digital, well they need to pay for their “convenience”. Not trying to dog my customers but just gotta draw some lines and stand on them. I need to reverse it as well. Yes it would be so much easier to order that doohickey on Amazon, but! I’m sure if I look around I can find it locally, mom n pop type local preferred. No, I’m not going to make a difference but i will have made some contacts and options when I can no longer buy or sell -- lest….
Update -- it has proven to be very difficult to operate on a cash basis. I do live rural so my options are limited. I need to plan out projects and purchases rather than run to the web each time I need something. I am pretty well stocked for home and business just need a paradigm shift away from instant gratification.
I know where a local physical branch of Wells Fargo is. Just saying……………..