The Biden Administration is currently building an infrastructure to eventually replace cash with a digital dollar and a central bank controlled by the government. At the same time, Democrats and Western leaders are pushing hard for ESG for corporations on the Stock Market.
They will all tie together in the future.
ESG is a social credit system that subjugates corporate product quality to leftist values. How well a company obeys the leftist dictates will determine how successful that company will be. The left gets to pick winners and losers and it will always be in accordance with their ideology.
The digital dollar will destroy the Bill of Rights. Privacy and freedom will be dependent on government beneficence. If your social credit scores are low, they could take away your digital dollars if they choose.
Will they? Judge their behavior now as a determinant of what they will do in the future.
Biden called for the system to be fast-tracked, but Treasury Secretary Janet Yellen says it will take several years. Don’t count on that. They’re very aggressive, and capable of rolling something out that is not ready for market.
The Left hates your privacy, your guns, and your free speech. Don’t think for a minute that they won’t take it away by taking your money. The digital dollar will be traceable and programmable. They will know what you’re doing and how you are spending your money. If they don’t like it, what do you think they will do?
Washington is full of psychos and they love control.
We’re just trying to be the canary in the coal mine here.
Before they roll out the Digital Dollar they’ll need to force everyone into opening accounts with the Treasury. That way there will be no excuse, even for poor people, that they don’t have access to a bank account. That was why they were trying to push through that evil Saul Omarova as Comproller of the Currency not too long ago. She advocated for this type of system in all her statements and written papers. Next, they’ll have to force all banks, except big Wall Street banks, to close and move all monies into accounts at the Treasury. This way the USG has access to your money which they can do with as they please even though your account still shows an amount posted. It’s all electronic numbers so you won’t have any idea it’s going on. Banks use your money anyway without you knowing it so the ruse will continue. It’s mostly done overnight. Something about reverse repos with the Treasury. Everybody will be issued debit cards with chips, and quite possibly credit cards will still exist since they’ll be able to collect interest off those credit accounts not paid in full each month. Those that only use cell phones will be able to download an app for payment on demand like debit cards. All income will be deposited in your Treasury accounts along with tax refunds and such. I think for a while they’ll still allow cash. Because as they found out in Finland when they went the “no cash” route people stopped spending on little items. It’ll take some time to get everyone in the system so they’ll take it slowly step by step to get the sheep used to getting sheared a new way. I figure they’ll also force everyone to open their retirement accounts with the Fed offering the same services as retail brokers. But, that’s probably sometime in the future.
People will find an alternate cash means to trade or even just become a barter economy. I know a farmer who had a large fuel tank installed last year. He needs the fuel to run the farm and buying fuel wholesale is cheaper, but said if things got really bad he can pay bills in fuel. There are other options, like fire wood and food. I expect States may even step in with some form of Red State Script to replace the Dollar or State Credit Cards to hide commerce from Federal Government Controls. Cash transactions are already discounted by Businesses in Red States, but if the Federal Government tries to implement a “Digital Dollar” the rest of the World will trade in Yuan and Rubles and so will Americans!
The amount of energy needed to implement such a system would be massive. The Leftists don’t seem to worry about AGW when it comes to things that would give them control. China is building 40 Coal fired plants, Is that where the US is going to guy electricity? Because we certainly don’t produce enough here. That would also mean the entire system is run out of China, because last time I checked, although I haven’t consulted AOC, Electricity doesn’t ship too well.
To avoid CBDC we can use other cryptos that are not controlled by government. But you don’t want non privacy cryptos like Bitcoin and most other cryptos because their blockchain ledgers make your balances and purchases visible to all. Instead you want privacy cryptos that don’t reveal your financial data. The best privacy cryptos are Pirate Chain, Monero, Dero and XEQ. Pirate Chain is so good it should be the future of money.
That’s definitely an interesting perspective. I just don’t think too many states have the political will to print their own scrip. That’s one of the reasons the original thirteen states adopted the Constitution as each state was printing their own scrip. This resulted in inflation and the refusal of some states to accept another states scrip for legal tender. That’s one of the reasons not the sole reason states adopted the US Constitution.
I know a few states like Utah have passed laws making gold and silver legal tender, but only honored within that state. Texas opened it’s own bullion depository and have also made gold and silver legal tender within the state. Louisiana has done the same.
West Virginia back in 2019 removed taxation on precious metals. Florida also has no taxation on bullion sales. I think if states move forward on making precious metals legal tender it could go a long way to destroying the Fed.
Where does it say that Texas has made gold and silver legal tender? Texas has the Texas Bullion Depository, but I haven’t seen anything that indicates that Texas is a gold-legal-tender state yet. I would appreciate the Act information if you know of it. Thank you.