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.
If they successfully put in the CBDC.
Then there is no point of the plan or even Trump.
Ain't no choice bubba, that's the way it's going to go whether the white hats or black hats are in control. That's just innovation and the future.
The only question is where can you place the care of all that and what exactly are you entrusted to protect?
Ain't just money at that point, and it ain't your bank database you trust with your wallet password.
The military is the only way.
Anyone with a basic understanding of economics knows the dollar is dead. It has been a dead cat bouncing and seizing since it's creation as it was always doomed to fail.
The only thing COVID did was accelerate the collapse. Trump was going to turn this puppy around quicker than you can skin a rabbit (it's easy). They spent more money in a couple years than you could ever imagine and got 'nothing' for it. They cashed out. They rug pulled. They tossed the people some pocket change, gave 10% to the 'Big Guy' and said, "it's go time."
Money is the ultimate tool of control, so why blow it up so fast? There's some new Adrenochrome on the market called CBDC.
Money has always been a national security thing, and now it's going to be a national defense thing.
The difference is civil vs military.
We are in an economic world war, of course.
So, what's is the reason the military is the only way?
It's too much data for anyone else to have. You can't give private citizen owned banks the nuclear codes to every American, business and institution's business.
Gonna need some GUARDIANS, and a (sattelite) network above SIPRNET to move all that data (securely) that is priceless.
I know a dude with satellites who isn't a part of the DS.
Gonna need some GUARDIANS of DNA as well, but that's a post for another day.
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.
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.