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Central Bank Digital Currencies
One of the biggest threats to our liberty and privacy will be the introduction of central bank digital currencies (CBDCs), said Rich Checkan, president of Assets Strategies International.
Speaking to Michelle Makori, editor-in-chief of Kitco News, at the Freedom Fest 2021 conference, Checkan said that these government-issued digital assets will give the state the ability to monitor every transaction one makes, essentially tracking one’s entire life.
“I think central bank digital currencies were concocted in hell by Satan himself. They are incredible control by governments over everybody’s bank accounts and they are going to create a void of privacy for every individual citizen. They’re horrible, but I think that’s where they, Central banks, want to go,” he said.
Checkan’s comments come as the Central Bank of China, the PBoC, has already begun developing a digital Yuan, and now other major central banks around the world are following suit.
Federal Reserve Chair Jerome Powell has stated that he intends to make the U.S. a “leader” in the development of central bank digital currencies, although there is no specific indication as to if and when a “Fedcoin” would be released.
Note: She's wearing purple. Be mindful of the Hegelian dialectic.
I pay cash still mostly. Businesses are not making it easy and some refuse cash altogether. I'm also aware of how card transactions are tracked and used in ways not obvious to us. I've nothing to hide, but that has not stopped oppressive governments from misusing personal information in the past. No way will I be using digital currency unless there really is no choice. It's not the mark of the beast, but it sure is another nail in the coffin of liberty.Central Bank Digital Currencies
One of the biggest threats to our liberty and privacy will be the introduction of central bank digital currencies (CBDCs), said Rich Checkan, president of Assets Strategies International.
Speaking to Michelle Makori, editor-in-chief of Kitco News, at the Freedom Fest 2021 conference, Checkan said that these government-issued digital assets will give the state the ability to monitor every transaction one makes, essentially tracking one’s entire life.
“I think central bank digital currencies were concocted in hell by Satan himself. They are incredible control by governments over everybody’s bank accounts and they are going to create a void of privacy for every individual citizen. They’re horrible, but I think that’s where they, Central banks, want to go,” he said.
Checkan’s comments come as the Central Bank of China, the PBoC, has already begun developing a digital Yuan, and now other major central banks around the world are following suit.
Federal Reserve Chair Jerome Powell has stated that he intends to make the U.S. a “leader” in the development of central bank digital currencies, although there is no specific indication as to if and when a “Fedcoin” would be released.
Note: She's wearing purple. Be mindful of the Hegelian dialectic.
Digital, blockchain, transactions are far more private than the usual or classic banking transactions. You can make genuinely anonymous payments using digital currencies. The real problem is that they are inherently unstable, at least how the whole system is set up now they are.Central Bank Digital Currencies
One of the biggest threats to our liberty and privacy will be the introduction of central bank digital currencies (CBDCs), said Rich Checkan, president of Assets Strategies International.
Speaking to Michelle Makori, editor-in-chief of Kitco News, at the Freedom Fest 2021 conference, Checkan said that these government-issued digital assets will give the state the ability to monitor every transaction one makes, essentially tracking one’s entire life.
“I think central bank digital currencies were concocted in hell by Satan himself. They are incredible control by governments over everybody’s bank accounts and they are going to create a void of privacy for every individual citizen. They’re horrible, but I think that’s where they, Central banks, want to go,” he said.
Checkan’s comments come as the Central Bank of China, the PBoC, has already begun developing a digital Yuan, and now other major central banks around the world are following suit.
Federal Reserve Chair Jerome Powell has stated that he intends to make the U.S. a “leader” in the development of central bank digital currencies, although there is no specific indication as to if and when a “Fedcoin” would be released.
Note: She's wearing purple. Be mindful of the Hegelian dialectic.
I think were most likely a ways away from this, unless something really big happens like we get in a war with China over Taiwan or the South China sea and they actually win and become the new top dog.
Not to see everything, just to collect certain data. Legislation on how to prevent money laundering and so on where cryptocurrencies are used is still being developed, but I don't see how that is any different to existing legislation on the movement of money.It’s all a farce. They’re crashing the market to bring in the chosen ones and the rest will fall aside. Less than 1% will remain. The block chain won’t be private nor digital currency. They’re backed by central banks which allows them to see everything and control it.
The Great Reset and Self-Sufficiency
looked him up Ann Arbor SDAHe doesn't declare it on his YouTube channel (at least not that I can see), but I'm guessing this man is SDA, based on his message; one of health and country living, and of the powers that are coalescing.
Good points all!One word. Seeds.
Get planting.
Your digital money is worthless when things come to a crunch.
Invest in mineral rich soil with a balanced PH level and with access to a nearby well or accessible water table.
Use Crop rotation for best results over a long period of time. No matter the climate. You'll thank yourself in four years time.
Disregard digital money, digital stuff isn't real.
I retired at 35. My daughter fled at 30. And it took us 3 months to prep for years.
I know how to farm and worked in finance. Money can be made if you know what you're doing. I’ve gone all-in on crypto and we’re managing my family’s portfolio.