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.
I watched Glass Onion and Knives Out. The wife and I noticed the references to today.