ALL – IN – ONE PARTS 1-5: CBDC SOURCE FILES, VIDEOS, AND LINKS
https://files.catbox.moe/pjc49a.pdf
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/bc5am9.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/aavauz.pdf
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/8sf4he.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 0.3 MB
https://files.catbox.moe/0gn265.pdf
PART 5 - A CBDC ADDS NOTHING FOR YOU THAT ISNT ALREADY FREELY AVAILABLE. THE FEDERAL RESERVES IS DESPERATE AND NEEDS A CBDC OR DIRECT ACCOUNT SYSTEM TO KEEP CONTROL OF YOUR WEALTH.pdf 0.2 MB
https://files.catbox.moe/ckvtvy.pdf
PART 1: THE GOVERNMENT IS CREATING A CENTRAL BANK DIGITAL CURRENCY PLATFORM CALLED FEDNOW THAT WILL GO LIVE TO THE PUBLIC IN JULY-2023
According to the Atlantic Council’s Central Bank Digital Currency Tracker, 119 countries, representing over 95 percent of global GDP, are exploring a CBDC.
https://www.atlanticcouncil.org/cbdctracker/
(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"
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
**(Sep-22-2022) FACT SHEET: White House Releases First-Ever Comprehensive Framework for Responsible Development of Digital Assets **
(Mar-14-2022) Executive Order 14067 - Ensuring Responsible Development of Digital Assets
(Nov-16-2022) The Fed Launched a 12-Week Pilot CBDC Program | Heresy Financial
https://www.youtube.com/watch?v=l8HGRvkc0pA
(Nov-15-2022) New York Innovation Center to Explore Feasibility of Theoretical Payments System Designed to Facilitate and Settle Digital Asset Transactions
https://www.newyorkfed.org/newsevents/news/financial-services-and-infrastructure/2022/20221115
"As part of this 12-week project, the NYIC will collaborate with a group of private sector organizations to provide a public contribution to the body of knowledge on the application of new technology to the regulated financial system."
Facilitating Wholesale Digital Asset Settlement
https://www.newyorkfed.org/aboutthefed/nyic/facilitating-wholesale-digital-asset-settlement
(Nov-15-2022) Members of the U.S. Banking Community Launch Proof of Concept For A Regulated Digital Asset Settlement Platform
"In addition to the NYIC, the other participants on this project include the following financial institutions and payments organizations:"
- BNY Mellon
- Citi
- HSBC
- Mastercard
- PNC Bank
- TD Bank
- Truist
- U.S. Bank
- Wells Fargo.
(Mar-9-2023) The FedNow CBDC platform is project is expected to go live to the public sometime May to July 2023
https://files.catbox.moe/t4652m.mp4
(Mar-15-2023) Federal Reserve announces July launch for the FedNow Service
https://www.federalreserve.gov/newsevents/pressreleases/other20230315a.htm
Launching July 2023: Instant Payments with the FedNowSM Service
https://frbservices.org/financial-services/fednow/
I think this is a good PART 1 for a normie that doesn't even know the Federal Reserve is making a CBDC platform and thinks it's a "conspiracy theory". Best not to give them to bitter a pill to swallow at first and leave them open to the next message.
Lmk if you think this is too wordy and I'll cut it down some more.
POSTS 2-5 IN THE COMMENTS
PART 2: SEVERAL GOVERNMENT OFFICIALS HAVE SAID IN SPEECHES AND ON VIDEO THAT A CBDC IS MEANS OF CONTROL
(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’ Central Bank), at a 2020 IMF event, Cross-Border Payments—A Vision for the Future.
https://files.catbox.moe/twyqj4.mp4
"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://rudy.substack.com/p/the-central-bank-will-have-absolute
https://archive.vn/7r9BQ
https://nitter.nl/DowdEdward/status/1624258852379320320
Lael Brainard - Vice Chair of the Federal Reserve
https://archive.vn/zC9V6
(May-26-2022) Testimony by Vice Chair Brainard on Digital Assets and the Future of Finance: Examining the Benefits and Risks of a U.S. Central Bank Digital Currency
https://www.federalreserve.gov/newsevents/testimony/files/brainard20220526a.pdf
https://archive.ph/deghO
3rd page of text (4 of the pdf)
"It is also important to consider the potential risks of a CBDC associated with disintermediating banks, given their critical role in credit provision, monetary policy transmission, and payments. In some circumstances, a widely available CBDC could serve as a substitute for commercial bank money, possibly reducing the aggregate amount of deposits in the banking system. And a CBDC would be attractive to risk-averse users during times of stress.
Accordingly, if the Federal Reserve were to move forward on CBDC, it would be important to develop design features that could mitigate such risks, such as offering a non-interest bearing CBDC or limiting the amount of CBDC a consumer could hold or transfer".
Christopher J. Waller - Board of Governors of the Federal Reserve
https://archive.vn/Pd2ol
(Oct-14-2022) Speech by Governor Waller on the U.S. dollar and central bank digital currencies
https://www.federalreserve.gov/newsevents/speech/files/waller20221014a.pdf
Page 7-8
"Finally, as I’ve noted before, it is possible that a foreign-issued CBDC could have the opposite of its intended effect and make companies even less willing to use that country’s currency.
Since digital currencies would make it easier for a government to monitor transactions, shifting to a CBDC might make a company less willing to use that country’s currency. For example, I suspect that many companies will remain wary of China’s CBDC for just this reason."
Page 8 "Like a foreign CBDC, the technological advantages of a U.S. CBDC would have a hard time overcoming long-standing payments frictions without violating international financial integrity standards.
For the non-U.S. company already conducting its business in dollars, introducing a U.S. CBDC would not provide material benefits over and above the current reasons for making U.S. dollar-denominated payments. For non-U.S. companies conducting their business in currencies other than dollars, a U.S. CBDC similarly would likely not be preferred to their current options.
It could be that individuals outside the United States would find a U.S. CBDC particularly attractive, but, again, making a U.S. CBDC globally available would raise a number of issues, including money laundering and international financial stability concerns".
CONTINUED ON PART 3
PART 3: SEVERAL GOVERNMENT OFFICIALS HAVE SAID IN SPEECHES AND ON VIDEO THAT A CBDC IS MEANS OF CONTROL (CONTINUED)
(October-2019) FEDERAL RESERVE SYSTEM Docket No. OP - 1670. Federal Reserve Actions to Support Interbank Settlement of Faster Payments
https://www.federalreserve.gov/SECRS/2019/October/20191008/OP-1670/OP-1670_092819_134428_421945238742_1.pdf
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.
(Oct-18-2022) IMF Official Bo Li Admits: Central Bank Digital Currencies Would Let Governments Control What People Spend Money On
Short Version
Oct-13-2022 - Bo Li Clip - Central Bank Digital Currencies for Financial Inclusi.mp4
https://files.catbox.moe/7b3hbn.mp4
Long Version
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.”
Christine Lagarde - President of the European Central Bank
https://en.wikipedia.org/wiki/Christine_Lagarde
https://archive.vn/CH6f1
(Mar-18-2023) 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
(Mar-18-2023) 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
TRANSCRIPT
11:43 Digital Euro CBDC will be decided October 2023
12:58 Fake Z: "I know there are many protests in Europe against the electronic Euro, what is the reason?"
CL: "You know it's the beauty of Europe, it has different positions. If you ask in Northern Europe for instance, in the Netherlands, they're quite happy to see the E-Euro coming. If you ask a young German man they say 'yeah that's fine'. I don't want Meta, Google, or Amazon to suddenly come up with a currency to take over the sovereignty of Europe. I don't want a foreign currency to become the trading currency of Europe. So we have to be ready.
Fake Z: "The problem is they don't want to be controlled.
CL: "Yeah but you know what, now we have in Europe this threshold above 1000 Euros you can't pay in cash. If you do you're on the grey market, you take a risk. If you get caught, you are fined or you go in jail but the digital Euro will have unlimited amount of control. There will be control you are right. You are completely right. We are considering for very small amounts, anything around 300-400 Euros we could have a mechanism where we have zero control, but that could be dangerous. The terrorist attacks on France back 10 years ago were entirely financed by those small anonymous credit cards that you can recharge in total anonymity."
Fake Z: "You know the question is now I think it is a joke that the next currency will be firewoods for Europe... to heat the..."
CL: Yeah yeah yeah
PART 4: A CBDC MEANS YOUR CASH WILL HAVE TO PAY HEAVY FEES OR GO AWAY ENTIRELY
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
https://web.archive.org/web/20170110214356/https://www.kansascityfed.org/~/media/files/publicat/sympos/2016/econsymposium-goodfriend-paper.pdf?la=en
https://files.catbox.moe/ybxoiw.pdf
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."
(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."
(Mar-20-2023) The Cost of Going Cashless at U.S. National Parks As Many Switch to Plastic-Only
https://www.frommers.com/trip-ideas/national-park/the-cost-of-going-cashless-at-us-national-parks
https://archive.ph/9VhLB
(Jan-4-2023) Sri Lanka allows foreign visitors to pay in USD to enter national parks
https://www.orissapost.com/sri-lanka-allows-foreign-visitors-to-pay-in-usd-to-enter-national-parks/
https://archive.ph/wip/WNTuz
PART 5 - A CBDC ADDS NOTHING FOR YOU THAT ISNT ALREADY FREELY AVAILABLE. THE FEDERAL RESERVES IS DESPERATE AND NEEDS A CBDC OR DIRECT ACCOUNT SYSTEM TO KEEP CONTROL OF YOUR WEALTH
(Mar-27-2023) ECB president warns central banks could “lose 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.
(Aug-3-2022) Neel Kashkari Fireside Chat at the 2022 Journal of Financial Regulation Conference
https://www.youtube.com/watch?v=RotcD7OREP4
President of the Federal Reserve Bank of Minneapolis Neel Kashkari (Federal Reserve can print infinite money guy) spoke at a panel hosted at Columbia University saying he had no idea what problem centralized digital currencies solved for American citizens.
13:55 Jeanna Smialek: "Central Bank Digital Currency, do you think that is something that you all should be looking into seriously? To what degree should you be looking into it? What are your thoughts on CBDC?
...
“What is it that a CBDC can do that Venmo can’t do?” Kashkari asked. “Well, I can see why China would do it.”
“If they want to monitor every one of your transactions, impose negative interest rates or directly tax customer accounts,” he said. “You can do that with a Central Bank Digital Currency, you can’t do that with Venmo.”
(Aug-5-2021) "CBDC: A Solution in Search of a Problem? Speech By Governor Christopher J. Waller". CBDC = Central Bank Digital Currency.
https://www.federalreserve.gov/newsevents/speech/waller20210805a.htm
https://archive.ph/H3WxR
(Apr-3-2023) FedNow – CBDC introduction Federal Reserve opens up the FedNow CBDC Platform for some voluntary government employees
https://leancommunity.org/fednow-cbdc-introduction/
• FED releases FedNow service – the instant digital payments infrastructure. It’s the step to CBDC and surveillance era which will come soon. • In July 2023 Federal Reserve System (FED) announced release of their FedNow Service. It’s the infrastructure for instant payments between participants like banks, financial institutions or even fintechs.
• FedNow running 24/7 will provide full digital infrastructure for instant payments focusing to be an attractive alternative for other payments systems. The payment is promised to be done within seconds, and provide a great UX for end-user. It sounds like new era of fintech. But what’s the cost?
• FedNow service is not CBDC… yet. It doesn’t provide any currency on top of it – it’s now just the infrastructure technology for payments. However, this infrastructure can in future become a part of CBDC. Doing just first step to the central banking technology based payments infrastructure, FED is simply starting integrating the idea of central banks ONLY controlled money.
• Central banks currently control the money supply, soon they will eliminate cash and replace it with their own monopoly payments infrastructure and ultimately currency. The banking industry will simply reduce to few central banks controlling the whole economy. Unlimited power, with the ability to spy and control every human economical interaction. This is the goal. Do you support this?
• There is an alternative, which becomes more and more important. Precious metals like gold/silver. Bitcoin and other cryptocurrencies (hello Cardano). Yes – it’s digital too, but it’s complete opposite of CBDC. Decentralized, not available to control, not available to effectively block and stop. With fixed supply of 21M, not possible to be manipulated and broken as current FIAT – which in fact is now the source of power and decision-making where at the end it’s people who must pay for every decision done.
Much respect. Thank you
You're welcome. Hope it helps!
Thanks for putting all this together. You are amazing.
Thanks 😁 I'm glad I can help in the effort
By the way, PM, Bitcoin, Ethereum and Moreno are my favorites. I know the evil came from these central bankers. Get rid of them and let's rebuild.
PM is precious metals right? If not I haven't heard of that crypto.
My favorite cryptos are Cardano (and several projects in it's ecosystem like Project NEWM and Genius Yield), Ergo, and I like Bitcoin and Monero too. I hear a lot of good things about Polkadot and I recommend it to others when they ask as well.
Found out the other day Algorand only has a few validators for its transactions. Though it has the only real time quantum resistant algorithm, the few validators and MIT crowd is a pass for me.
The Ethereum vs Cardano coming is going to be interesting. Ethereum has first mover advantage but their foundations and underlying tech are much less sturdy IMO than Cardano. Slashing for staking is one common example.
Either way they are all going to do extremely well as the dollar capitulates. It's to be a silver, gold, and crypto world very soon!
PM = Precious Metal.
Algorand I also have. Cardano I didn't do anything with. Never heard Project NEWM and Genius Yield. I know Ergo. Didn't look into it.
Yes, I don't like all my eggs in one basket so PM, cash, and these. You are an unchained hounds, no wonder you are amazing.
Thanks, you too! I see your posts quite a bit on here. This one made me lol a few days ago
https://greatawakening.win/p/16ammncdFM/just-found-killarys-twin/c/
So on Algorand I've been told from Blockchain developers that there are actually only about 20 validators that you are switching your proof of stake to. May be higher since i was told last Fall. Also to be a validator processing payments on Algorand you have to be ID'd and the information is public somewhere.
I'm not having an easy time finding this info though but I've heard it from actual professionals who develop smart contracts in various languages. Do you know any good places to point me to?
Sorry fren, I have no idea, but I would go to reddit to begin with.
https://www.reddit.com/r/AlgorandOfficial/comments/nw6ofq/validator_incentives_on_algorand/
Thank you.
Everyone should know about Goldbacks. Local, voluntary, legal tender that is real gold in bill form. Acts like cash, spends like cash. It's not just gold coin, silver coin, and bitcoin. Goldbacks are a viable way to keep cash alive.
This is rather interesting. Thanks.
They come in chewables?
I never knew!
Chew on one a day
To keep the knowledge at bay
Read them all and prep for their plan
And we'll live through it and rebuild again.