DIGITAL CURRENCY....... We're screwed.

[pkveazey]

Uh oh....  We're screwed.  There is a Bill in BOTH houses of Congress, to start the Digital Currency scheme on January 1, 2021. As best I recall, they have given it a cute and benign sounding name, The BANKING FOR ALL AMERICANS ACT. Anyway its called BFAA. All it will take is for 3 or 4 Republican Senators to fall for it and we're all screwed. When you read the Bill it almost sounds like a good thing but when you sit back and think of how you will have to give up all freedom and privacy then it hits home. The Bill clearly states that the FEDERAL RESERVE will be running the entire monetary system. The Bill clearly states that BANKS WILL NOT BE ALLOWED TO FAIL. Yep, your fake money will be protected no matter what happens. The FED giveth and the FED taketh away. The physical Dollar is worth about 2 cents right now but can't go below zero. Hmmmmm..... The Digital Dollar can go as far below zero as the decimals will allow. I may have to use part of the FAKE system but I will operate outside the system as much as possible. Before you say anything about Gold and Silver not being a safe haven, just remember that the Banks that own and operate the FEDERAL RESERVE are all buying as much Physical Gold and Silver as they they can get their hands on. Hmmmmm...... Why is that? They even have given a cute name to your access to YOUR DIGITAL MONEY. The Bill calls it a Digital Wallet. They can put money into or take money out of it at will. My goodness, its so damn convenient that they can even pay your monthly bills automatically for you. Just think about this for a second. You won't have to file your income taxes each year because they will know exactly how much you made, how you made it, what your expenses were, and they'll just take what they say you owe them. Damn!!! Isn't that just convenient as Hell. Ask yourself: What are the monster banks going to do with all that Physical Gold and Silver that have hoarded? They are going to do what the other smart people do. They are going to operate outside of the Digital system.  Well, I hope you sleep well tonight after you look this up to confirm it.

[Kbop]

i wonder if its an attempt to push more money out the door faster to more people - or just a way to keep facebooks libra from taking too much of the Federal Reserve's business? or both.
China and the EU are doing something similar. India ended its larger notes - that seems to be a common step.  Then make large cash movements illegal outside the digital exchange. 
what ever is going on - its over but for the announcement to the GDP

[grizz]

I still say the best currency is lead

[pkveazey]

Europe has gotten most of its sheeple to drink the Kool Ade already. They are already past the half and half point. The US sheeple are about half and half because they think using that Credit card, Debit card, and swiping that damn Cell phone under a scanner is a good way to pay for things. Those folks are screwing it up for the rest of us and they haven't got a clue how much damage they are doing.

[Nemo]

Note subpart 5, section B, paragraph 22, additive 134, et seq.  Possession of any silver or gold coinage is unlawful and must be sold to the gov at their determined pricing, which will be added to your electronic account for appropriate tracking and taxation.*

Nemo

*yes I made that up but my nickel says it in there somewhere

[pkveazey]

Note subpart 5, section B, paragraph 22, additive 134, et seq.  Possession of any silver or gold coinage is unlawful and must be sold to the gov at their determined pricing, which will be added to your electronic account for appropriate tracking and taxation.*

Nemo

*yes I made that up but my nickel says it in there somewhere

They would definitely put it in there except if they did they would be forcing the major banks who run the Federal Reserve to give up there millions and millions of ounces of Physical Gold and Silver. Hmmmm..... I don't think the banks who are running the country would allow that.

[pkveazey]

There is nothing new under the sun. The digital currency concept is as old as our country. They are putting us in the same situation as, "The Company Store". Miners would be provided housing and their rent would be deducted from their pay and they would be paid in tokens that could only be used to buy things from the Company Store. The mining companies had a closed system where they kept the miners in debt to the company store and they could never get out. If you quit, you still had to pay them before you could leave. Our only hope is to become self sufficient and not dependent on our rich uncle in Washington.