July - Biden Introduces New Digital Dollar
The Federal Reserve is actively working on a central bank digital currency and some prototypes are near completion. The Federal Reserve Bank of Boston and the Massachusetts Institute of Technology (MIT) plan to unveil two prototypes of a digital dollar as early as July - Bitecoin.com by Kevin Helms
And you thought I was a bit over the edge talking about
The Great Reset and coming
ESG (Environmental, Social, Governance) scores coming to you before the midterm elections in 2022. In the end, controlling the money supply, "they" control YOU.
How does it first start? If you are receiving Social Security or other Federal subsidies, you will be given a new "Social Security Number" and will receive your payments in new accounts in specific banks NOT your existing bank. Then if there are any additional subsidies like the moneys we all received during the Chinese Flu, the only way you will be able to collect is to receive a new Social Security Number and deal only with "X" bank (s).
Once that is completed, then everyone will be forced to deposit all their monies into one of the specified banks by a certain date. If you do not comply, you will loose what is in your checking or saving's account. Then due to equity, the government will determine what your money is worth based on your economic situation.
An example would be, if you are deemed to be "well off" the money you transfer from your bank to X bank, it will transferred lets say, at 75% value. Now if you are deemed to be economically challenged, your money transferred may be transferred at 125%.
Once that is completed, you will be given a
ESG score. If you have a good
ESG score you will be given freedoms that a citizen with a lower
ESG score will not be granted. Just like China, huh?
I will leave you with this from
Investment U by Matthew Makowski,
Makowski writes -
"The Bottom Line on a Possible Digital Dollar
What we know so far is that a U.S. digital dollar would be backed by U.S. currency. But it would also be distinct from cash. That’s a little confusing in its own right. But based on early iterations of the idea, it appears a digital dollar would be “redeemable by an eligible financial institution.”
Nonetheless, there is a lack of certainty as to how most banks would or would not interact with a digital dollar. Access for lower income, bankless individuals could also be an issue depending on how this unfolds. Then there’s the big question those who do have a bank account are asking: Aren’t our dollars already digital?
This story is far from over. If you’d like to stay on top of how the Fed plans to unveil a digital dollar, we suggest signing up for our Manward Press e-letter. Along the way, readers are also given valuable insight into digital currencies that already do exist."
Do your own research...Get Educated...What are you going to say to your grandchildren when they ask, "What did you do when the U.S. Dollar collapsed?"
