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Title: Fed Just Revealed Plans for Digital Dollar Replacement
Source: [None]
URL Source: https://www.investmentwatchblog.com ... or-digital-dollar-replacement/
Published: Apr 1, 2021
Author: Mike Rivero
Post Date: 2021-04-01 19:16:52 by Horse
Keywords: None
Views: 67
Comments: 2

Thanks to the Federal Reserve, the idea that you can go into a store and anonymously purchase something with cash might soon be obsolete.

Why? Because they’re developing something called Fedcoin, which would be based on blockchain technology.

If you’re unfamiliar with blockchain technology, you’re not alone. Here’s how a piece on Motley Fool describes it:

The digital and decentralized ledger that records all transactions. Every time someone buys digital coins on a decentralized exchange, sells coins, transfers coins, or buys a good or service with virtual coins, a ledger records that transaction, often in an encrypted fashion, to protect it from cybercriminals. These transactions are also recorded and processed without a third-party provider, which is usually a bank.

www.newsmax.com/Finance/peterreagan/fed-digital-dollar-replacement/2020/02/20/id/955024/

Glenn Beck Goes into it a different View..The Globalists are going to replace the US Dollar for the World Reserve Currency. Meaning Cash is dead. You will be given a certain amount of time to turn in your old dollars for digital currency (DUSD). The longer you wait the less you are going to get for your greenbacks. The money in your bank account will overnight become DUSD’s). But not on a one to one ratio. This will be done on a Progressive Scale..Guess who will get a higher value for their Greenbacks?? with exchange rates as high as 1.0 to 1.5 rate. (One us dollar gets SJW’s 1.5 in Digital Dollars) READ 1 Trillion Dollar Tax Hike

Beck says he expects this to start just before the Midterm Elections..

www.facebook.com/watch/?v=182917920166342

So it is coming up on midterms..The Fed starts the switch to DUSD’s. Calling for all cash to be turned in at a specified exchange rate.If you want to get a higher exchange rate for your old outdated dollars you had better have a high ESG score..

..

Failure to turn it in promptly will mean a declining exchange rate. (You will get less digital for your saved up cash). This is what they are trying to do..they want to force people to trade in (To be able to trace) their off the Books $$ USD..

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#1. To: Horse (#0)

This doesn't sound true to me. Not that the feds don't want more control over the economy. They do, but blockchain tech is for decentralized data, and any crypto put out by a central bank would be centralized and therefore would not need blockchain tech.

And forcing people to exchange at the threat of a devaluation sounds very fraught with legal failures on its face. The idea that everyone will be required by the fed reserve to have a smart phone to continue making transactions, which they would with digital money, also seems farfetched. The congress may have that power, but not the fed, and the public is not ready for that.

Pinguinite  posted on  2021-04-01   20:05:34 ET  Reply   Trace   Private Reply  


#2. To: Pinguinite (#1)

I hope that you're right, but with the insane JoHo in power, who knows what they'll try.

“The most dangerous man to any government is the man who is able to think things out... without regard to the prevailing superstitions and taboos. Almost inevitably he comes to the conclusion that the government he lives under is dishonest, insane, intolerable.” ~ H. L. Mencken

Lod  posted on  2021-04-01   22:17:04 ET  Reply   Trace   Private Reply  


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