ORGANIZED INFO
ALL–IN–ONE PARTS 1-4 - CBDC SOURCE FILES, VIDEOS, AND LINKS.pdf 0.2 MB
https://files.catbox.moe/zt5ft3.pdf
TO-DO: Make easy instructions for users to download and open the pdfs on Android and iPhone....
PART 1 - THE GOVERNMENT IS CREATING A CENTRAL BANK DIGITAL CURRENCY PLATFORM CALLED FEDNOW THAT WILL GO LIVE TO THE PUBLIC IN JULY-2023.pdf 0.2 MB
https://files.catbox.moe/hghu03.pdf
PART 2 - SEVERAL GOVERNMENT OFFICIALS HAVE SAID IN SPEECHES AND ON VIDEO THAT A CBDC IS MEANS OF CONTROL.pdf 0.2 MB
https://files.catbox.moe/9qm0o9.pdf
PASTEBIN STAFF KEEPS DELETING THIS ONE!!!!
PART 3 - SEVERAL GOVERNMENT OFFICIALS HAVE SAID IN SPEECHES AND ON VIDEO THAT A CBDC IS MEANS OF CONTROL (CONTINUED).pdf
0.3 MB
https://files.catbox.moe/lmmxtj.pdf
PART 4 - A CBDC IS FOR NEGATIVE INTEREST RATES. CBDC MEANS YOUR CASH WILL HAVE TO PAY HEAVY FEES OR GO AWAY ENTIRELY.pdf 0.2 MB
https://files.catbox.moe/emmwh4.pdf
UNORGANIZED INFO
From the Kansas City Fed in a now deleted 2015 paper
(Revised Sep-15-2015) THE CASE FOR UNENCUMBERING INTEREST RATE POLICY
AT THE ZERO BOUND - Designing Resilient Monetary Policy Frameworks for the Future
PAGE 24 OF THE PDF - 1ST PARAGRAPH UNDER 6.A Abolish Paper Currency
"The most straightforward way to unencumber interest rate policy completely at the zero bound is to abolish paper currency."
(Feb-5-2019) IMF - Cashing In: How to Make Negative Interest Rates Work
https://www.imf.org/en/Blogs/Articles/2019/02/05/blog-cashing-in-how-to-make-negative-interest-rates-work https://archive.vn/T00x8
“a recent IMF staff study shows how central banks can set up a system that would make deeply negative interest rates a feasible option.”
(Aug-27-2018) IMF WORKING PAPERS - Monetary Policy with Negative Interest Rates: Decoupling Cash from Electronic Money https://www.imf.org/en/Publications/WP/Issues/2018/08/27/Monetary-Policy-with-Negative-Interest-Rates-Decoupling-Cash-from-Electronic-Money-46076 https://archive.vn/tszMK
"The proposal is for a central bank to divide the monetary base into two separate local currencies—cash and electronic money (e-money). E-money would be issued only electronically and would pay the policy rate of interest, and cash would have an exchange rate—the conversion rate—against e-money. This conversion rate is key to the proposal. When setting a negative interest rate on e-money, the central bank would let the conversion rate of cash in terms of e-money depreciate at the same rate as the negative interest rate on e-money. The value of cash would thereby fall in terms of e-money.
To illustrate, suppose your bank announced a negative 3 percent interest rate on your bank deposit of 100 dollars today. Suppose also that the central bank announced that cash-dollars would now become a separate currency that would depreciate against e-dollars by 3 percent per year. The conversion rate of cash-dollars into e-dollars would hence change from 1 to 0.97 over the year. After a year, there would be 97 e-dollars left in your bank account. If you instead took out 100 cash-dollars today and kept it safe at home for a year, exchanging it into e-money after that year would also yield 97 e-dollars.
At the same time, shops would start advertising prices in e-money and cash separately, just as shops in some small open economies already advertise prices both in domestic and in bordering foreign currencies. Cash would thereby be losing value both in terms of goods and in terms of e-money, and there would be no benefit to holding cash relative to bank deposits.
This dual local currency system would allow the central bank to implement as negative an interest rate as necessary for countering a recession, without triggering any large-scale substitutions into cash."
(October-2019) FEDERAL RESERVE SYSTEM Docket No. OP - 1670. Federal Reserve Actions to Support Interbank Settlement of Faster Payments
OP-1670_092819_134428_421945238742_1.pdf 3.3 MB
https://files.catbox.moe/tbiuch.pdf
PAGE 2 - 2ND LAST PARAGRAPH: "But there is a fourth function of money: as a means of social control. The centralized monopoly over the functions of money held by sovereign governments and central banks has generated great income and wealth imbalances. Concerns about a lack of central bank performance with respect to financial inclusion, income inequality, economic system stability and the tendency of central banks to intermediate on behalf of large financial institutions supported the creation of cryptocurrency"
As we noted in a second paper " Is FedCoin Feasible?" another confidential, not-for-distribution research paper sent to select members of the House Financial Services Committee, we suggest the Board focus on using an enhanced Bitcoin blockchain to "support depository institutions' provision of end-to-end faster payment services and would provide infrastructure to promote ubiquitous, safe, and efficient faster payments in the United States."
The Fed is sending "confidential, not-for-distribution research" to select members of the House Financial Services Committee espousing money as a means of social control.
(Aug-2022) EUROPEAN CENTRAL BANK EUROSYSTEM - Working Paper Series - The economics of central bank digital currency
https://www.ecb.europa.eu/pub/pdf/scpwps/ecb.wp2713~91ddff9e7c.en.pdf
PAGE 32 OF PDF - 2ND PARAGRAPH UNDER 6.1 Regulatory Alternatives:
"There is no regulatory alternative that promises to eliminate the threat to the two‐layer monetary system. Since cash is only available in physical form, it is by construction not “fit” for the digital age. Regulations that aim at maintaining its large‐scale use are likely to imply large economic costs without clear benefits. Accordingly, the introduction of digital cash in the form of a CBDC appears to be the only solution to guarantee a smooth continuation of the current monetary system."
(Jan-20-2022) Fed releases long-awaited study on a digital dollar but doesn’t take a position yet on creating one
https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf
June-17-2022 Welcoming Remarks by Chair Jerome H. Powell At the "International Roles of the U.S. Dollar," a research conference sponsored by the Federal Reserve Board, Washington, DC
https://files.catbox.moe/s8u5ki.mp4
"Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments. Our own FedNow service will be coming online in 2023. And in light of the tremendous growth in crypto-assets and stablecoins, the Federal Reserve is examining whether a U.S. central bank digital currency (CBDC) would improve on an already safe and efficient domestic payments system. As the Fed's white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar's international standing."
https://www.federalreserve.gov/newsevents/speech/powell20220617a.htm
(Jun-21-2022) BIS General Manager Agustín Carstens calls on people to trust central banks, CBDCs
https://cryptoslate.com/bis-general-manager-calls-on-people-to-trust-central-banks-and-cbdcs/
(Oct-19-2020) Here’s Agustín Carstens, the general manager of the Bank for International Settlements (the “central bankers’ [and Nazi] bank), at a 2020 IMF event, Cross-Border Payments—A Vision for the Future. https://files.catbox.moe/twyqj4.mp4
https://rudy.substack.com/p/the-central-bank-will-have-absolute https://archive.vn/7r9BQ
"The key difference with the CBDC is that the Central Bank will have absolute control on the rules and regulations that will determine the use of that expression of central bank liability and also we will have the technology to enforce that. Those 2 issues are extremely important and makes a huge difference to what cash is." https://nitter.nl/DowdEdward/status/1624258852379320320
Christine Lagarde - President of the European Central Bank
https://en.wikipedia.org/wiki/Christine_Lagarde https://archive.vn/CH6f1
Pretending to be Zelensky, someone prank called Christine Lagarde head of ECB....and got her to reveal all the details about CBDC Digital Euro and how governments want to control people https://nitter.nl/ChrisBlec/status/1640428173992050693
2 min version
https://files.catbox.moe/95hpzu.mp4
Long Version
Breaking ⚡️ ⚡️: leaked prank call between ECB President Christine Lagarde and fake Zelensky
https://www.youtube.com/watch?v=wUT2u6DtdSo
https://files.catbox.moe/ad12eb.mp4
(Mar-27-2023) ECB president warns central banks could “losing control” without CBDCs
https://nitter.nl/RadarHits/status/1640650843589431296
https://files.catbox.moe/op2p5i.mp4
"Where do we stand, we Central Bankers? We have been operating as a monetary anchor in relation to the commercial banks and the private money. If we are not in that game, if we are not involved in experimenting and innovating in terms of digital, uh, central bank money, we risk losing the role of ... anchor that we have played, uh, for many many decades.
We have historical examples of a period where the central bank, uh, monetary anchor was not there and that precipitated crisis after crisis. That certainly was the case of the time of the Freebanking in the 19th century.
Do we want to go back to those days? Probably not, I would say certainly not from our vantage point. As a result of which we have to respond to the demand for those digital payment in order to maintain the role of anchor that we have, uh, been playing, uh, regularly.
Bo Li - Deputy Managing Director of the International Monetary Fund (IMF) https://archive.vn/snXMm
(Oct-18-2022) IMF Official Bo Li Admits: Central Bank Digital Currencies Would Let Governments Control What People Spend Money On
(Oct-13-2022) Central Bank Digital Currencies for Financial Inclusion: Risks and Rewards | IMF
https://www.youtube.com/watch?v=2I9HR7BTmn0
Speaking at the IMF-World Bank annual meeting on Oct. 15, Deputy Managing Director Bo Li said that a CBDC could improve “financial inclusion” through programmability.
Questions start for Bo Li 17:42
Bo Li starts speaking at 18:15
19:50 “A CBDC can allow government agencies and private sector players to program, to create smart contracts, to allow targeted policy functions,” Li explained.
20:18 “For example, welfare payments, for example, consumption coupons, for example, food stamps.”
😬--> 20:27 “By programming CBDC, that money can be precisely targeted for what kind of people can own [CBDC] and for what kind of use this money can be utilized, for example for food.”
Backup Link - Oct-13-2022 - Bo Li Clip - Central Bank Digital Currencies for Financial Inclusi.mp4
https://files.catbox.moe/7b3hbn.mp4
CONTINUED IN COMMENTS
I see CBDCs as being a throw away technology. It’s only a stopgap for on-boarding the government on blockchain. I think CBDC’s will disappear after the fed is killed off.
XRP is not only for transfer of funds, it can also transfer/track debt.