https://www.bitchute.com/video/UXTqXr6SQekk/
If you have under 50k, you probably will get your money immediately.
If you have under 250k, you will probably get your money eventually.
If you have over 250k, you will probably be screwed. There goes American small business in one fell swoop.
Who really knows, because according to one source: In May 2010, there was $40.4 billion in coin in circulation and about another $900 billion in banknotes.
That's'a not a lotta.
https://www.youtube.com/watch?v=OjOrkwfbc0g
Now, that brings us to the bail in / exchange rate of 'pennies on the dollar'.
You'll get more on the dollar if you buy into the CBDC. Physical dollars will buy a premium in fractional FEDCOIN. Any bail out will be in FEDCOIN (if dollars are offered, will be at a lower value than FEDCOIN).
https://www.legacyresearch.com/the-daily-cut/were-one-step-closer-to-fedcoin/
Dec 13, 2022 | The Daily Cut | 7 min read Chris’ note: Longtime readers will know all about FedCoin. It’s the digital-only dollar the Fed has been planning for years. And last month, with little fanfare or media coverage, it launched a program that brings us one step closer to FedCoin.
The Fed has launched a pilot program for a “crypto dollar” – what it calls a central bank digital currency (CBDC).
It tokenizes U.S. dollars. Then it uses a shared ledger like the bitcoin blockchain to improve financial settlements between banks.
With the CBDC pilot program in motion, the Fed has taken a giant leap toward its goal – a digital-only dollar or “Fed coin.”
So today, I want to pull back the curtain on this massive development and show you what it means for you and your money.
Remember all that talk about the Treasury minting a 'trillion dollar coin'? Well, it's not so crazy if it's a digital FEDCOIN. You'd be able to buy/trade/sell fractional coin.
https://en.wikipedia.org/wiki/Trillion-dollar_coin
The trillion-dollar coin is a concept that emerged during the United States debt-ceiling crisis of 2011, as a proposed way to bypass any necessity for the United States Congress to raise the country's borrowing limit, through the minting of very high-value platinum coins. The concept gained more mainstream attention by late 2012 during the debates over the United States fiscal cliff negotiations and renewed debt-ceiling discussions. After reaching the headlines during the week of January 7, 2013, use of the trillion-dollar coin concept was ultimately rejected by the Federal Reserve and the Treasury.
Remember all that talk about FEDCOIN? What's changed from it being 'just talk' to a secret meeting about implementation?
The technology is ripe.
This isn't rushed, it's planned.
They could have kicked that can down the road another decade or two, but something's changed.
There's the technology, making it possible.
The second factor is the 'awakening' and the pressure to make the shift before people wise up.
People are wising up thanks to the downsides of unregulated coins scamming people. However, the means to uncover the screw job also exist in the currency. Wallet addresses, etc.
Tax man gonna have backdoor access, so what will they see in your finances come tax time? How will you hide a transaction from your wife, much less the tax man?
So, they're ready to launch. That's all that's changed.
Now, they are discussing the rug pull of analog money.
What will be really funny is if it was released in the same family of 'novelty' currency like NFT. They might have to do something silly like that to get around passing another law, but who knows? It's just a funny accent to my dystopian prediction.
What if FEDCOIN was an NFT like token to get around legalities? That's what the plan was for the trillion dollar coin.
A 1997 law intended to help the Mint make money off of coin collectors gives the Treasury secretary the power to mint platinum coins of any denomination, for any reason. When commentators discovered this law during the 2011 and 2013 debt ceiling battles, they realized that this power could offer a way to sidestep the legal cap Congress places on the federal government’s borrowing.
Freedom is gone forever if the CBDC's are successfully implemented. They will be able to control everyone's movement, spending and income. This is the hill to die on.
Having a choice is the hill to die on.
That's where most don't get it, and I understand.
Some people enjoy the Matrix.
It is not our job to force our life upon them, it is our job to protect our own.
If people want a CBDC that fellates them and gives them a living wage just to watch advertisements all day then that's the life they choose.
Your kids can grow up how you want them to grow up, and then you can send them for Rumspringa.
What you have no right to do is keep cattle from their cages.
Wanna know what AOC really meant about keeping kids in cages? To some people, this psycho fever dream is their utopia.
As long as it stays the fuck off my lawn I could care less.
Even on this point the board is split.
That tells you I am right.
This is FANTASTIC. Damn I wish we could have a drink in real life, this post is perfect.
Some day, I hope.
No I disagree, this is where self sufficiency and alternative monetary systems come into play. If you don't know an actual skill, I suggest you learn one asap and flipping burgers, stocking shelves and making Lattes doesn't count. There's is no other option other than abandoning the federal note aka dollar. We have to get back to a value based barter system. You need to have a good or a service to barter or you should be Sol, the US federal reserve note must fail. We at least have to adopt a gold backed note. A few states have already begun making actual gold backed notes, if you're unfamiliar look into it.
Correct, and that is why the regulation of independent crypto is the stake in the heart of that possibility.
Sure, most of them are going to be rug pulls. To date, every currency has been. The only proof a currency isn't a rug pull is because it hasn't crashed yet.
It would be totally possible for a new independent currency to rise, or a basket of currencies to rise, that competes with the moneychangers.
That's really the crux of the whole thing, and nothing can stop it. Nothing.
It's inevitable. Imagine if you thought you'd always be in control, and now this is happening. You planned to crush any resistance. Your coup de grâce was Kennedy for silver, then doubling down on 9/11 to head off competing CBDC.
Every single one has been a rug pull, their white papers have stated they needed to dominate these currencies.
Every single one has been a rug pull and no one knows who owns a fat stack of bitcoin. It's likely not the best currency to bet on. Looks like a long con from the DS to me at worst, and at best a personal rug pull. Freak accident and creator is dead with coins lost being the least likely.
I appreciate your insight Fren, you seem to be one of the few with his/her head screwed on straight. Personally I've been diversifying myself and my assets for some time now, prior to 2016. I raise and sell poultry and have eggs out the ass grow as much food and seeds as possible, stack precious metals, bullets, some cryptocurrency(i wouldn't trust anything other than Bitcoin and I'm skeptical of that),I have many practical and specialized skills and the tools to get the job done. I always keep myself in a position and career in which I'm constantly acquiring new skills and maximizing my profitability. There's a lot of people even here who are in for a rude awakening. The CBDC is unfortunately a necessary evil, I wish it weren't true, but the sooner people break free of this illusion the better and what better way to snap people out of their paralysis than to make their worthless fiat currency a worthless digital currency with strings attached and the ability to be turned off.
Wisdom.
"... and no one knows who owns a fat stack of bitcoin...."
I just have to chime in here. I had to retrieve lost data about 5 years ago & found the best guy around, just outside of Boston area. They did great & after I was chatting with their main guy. I must have asked him about his worst cases. He told me that there was a guy from MIT like 10 years prior who had lost data on his 3 1/2" floppy. For the life of them they just couldn't retrieve it. Their guy was flipping mad. He told them they HAVE to find it, there's $100,000 worth of bitcoin on it (I figured backwards that that would have been when bitcoin would have been worth 10 cents. (It's now at a low of 15 grand) SO that was a million bitcoins or so. $15 billion today. Totally lost. He explained to me how it would have been impossible to retrieve it (The floppy was written on, over the bitcoin data a few times )
IDK how many other bitcoins are lost but it could be no one, that owns that fat stack
Utah, for example, has its own gold-backed legal tender called Utah Goldbacks. They have gold woven into the bills. I intend to grab a few sometime soon.
I bet they're going to double in value soon at the melt price.
I will disagree that nobody should want one. It can be done right.
Who will be in charge of whether it is, or not, is the question (the military).
Though, let's get real honest folks... some of us humans are no longer apex predators that we once were.
Some are happy cattle.
If using a currency means a UBI and a comfy blanket you would be surprised how many willingly give themselves over.
Hence the timeless historical cycles of feudalism... people want a king to ensure peace and order, kings turn into tyrants, people revolt, get a new king. Process restarts, except eventually, people choose kings over a king. Still end up with tyranny, albeit with more tyrants. Revolt. Perhaps back to one wouldbe tyrant. Or perhaps to increasing the amount of wouldbe tyrants. Soon, mob rule of wouldbe tyrants (dEmOCrAcY). Then revert back to dictatorship.
Endless loop, just with slight variations. The show Lost got it. Worth researching again and again for more clues. In the end, no King but King Jesus. That's the only way.
I watched Glass Onion and Knives Out. The wife and I noticed the references to today.
Be invested in gold/silver and you’ll do well regardless when the dollar collapses.