Three Ways to Stop Central Bank Digital Currency
By Anonymous, Lake County resident
The Central Banks of the world, including the US Federal Reserve, are all simultaneously seeking to impose upon humanity Central Bank Digital Currency (CBDC). President Biden recently issued Executive Order #14067 to move the U.S. towards adoption of a Central Bank Digital Currency.
He who creates the money creates the rules. CBDC is as a “programmable” currency. We already have digital money but it is not programmable. In this case, “programmable” means “with conditions”, and that means that it can easily become a digital prison run by central bankers. To grasp this, imagine that your only source of money is your FED Card with a balance that can expire like a gift card. This can work at the group level, say where the FED decides to turn off CBDC for gasoline purchases for anyone who travels more than 5 miles away from home. Or individual control, say where the FED decides to vary interest rates according to your personal “woke” status: you get 0% interest if you are a transgendered woman who thinks she is a cat, but 15% interest if you are a white heterosexual male, or to simply disallow the purchase of meat and guns.
While “inclusion” is the Federal Reserve’s stated justification for ushering in Central Bank Digital Currency – to serve the “unbanked” – it does not take much research to see that CBDC is about control. The Deputy Managing Director of the International Monetary Fund, Bo Li, gave a speech making it clear that societal compliance could be enforced by turning off your ability to purchase or ration food.
Similarly, Agustin Carstens, the General Manager of the Bank of International Settlements, explicitly stated that the advantage of CBDC is that it gives absolute control over every dollar (central bank liability) spent.
https://www.youtube.com/watch?v=rOuiWIID2vo
So let’s take them at their word – CBDC is absolute power in a few hands. How can it be stopped?
1. Fight Federal legislation that seeks to make CBDC legal tender (good for payment of all debts both public and private).
John Titus is an attorney and former Federal Prosecutor, and maintains a blog called Best Evidence that details Federal Reserve corruption. John Titus lays out the case that CBDC would not be legal tender under current law, but that central banker’s stated strategy (on video) is to enforce CBDC compliance using legal tender laws to require acceptance for all forms of debt payment. As CBDC is not yet legal tender in the U.S., Titus expects the Federal Reserve to draft legislation to modify Section 16 of the Federal Reserve Act. Legal efforts to fight CBDC should work to prevent CBDC from obtaining legal tender status. John Titus explains this and hints that he will be presenting more strategies to stop CBDC’s in future episodes of Best Evidence.
2. Municipalities and private businesses should encourage the use of cash by charging a higher price for credit purchases.
The Federal Reserve needs and wants cash out of circulation. If you can use cash, Bitcoin, or a stable coin, then you would be outside of their digital prison system. That is why they oppose all of these. Using cash will slow down CBDC implementation. The FED’S manufactured “coin shortage” and lockdown-era argument that “cash is dirty” was FED disinformation at its finest, meant to speed up widespread adoption of cashless transactions through fear. To encourage the holding and use of cash, businesses and municipalities can set a higher price for digital (credit card) use to encourage the use of cash.
For instance, gasoline stations frequently have two sets of gas prices, one price for cash and a higher price for credit cards. Every business pays a processing fee (typically 4%) on each credit card transaction, lowering their profit margin. Right now, cash customers subsidize this expense. Businesses should pass on that extra cost directly on to their credit card customers, and make sure they know it. During a period of rising costs, this is a way for any company to reduce their costs for themselves and for their customers who choose to take advantage of the ‘cash discount’. Private companies should want to lead the charge on this as they are not yet tied to the ESG model the way that SP500 companies are. Moreover, it just makes good sense that during inflationary times; companies will want to adopt models that cut costs.
Strong governors and state legislators should push for:
3. No Transfer of Legal Property Title to those banks that are involved with CBDC testing and ESG scoring. This would make it impossible for these large banks, many of whom were bailed out in 2008, to “own everything” by laying claim to properties going into default.
When the U.S. approved the Federal Reserve Act, it turned over its power to create money to the 12 Fed Regional banks that are actually privately owned. This is documented in a NY FED publication called, “I Bet You Thought” by David Friedman in 1977.
He who creates the money creates the rules. With the creation of the FED, the U.S. gave away its sovereignty and the FED has been quietly dictating public policy ever since. The Federal Reserve Act was originally sold to Congress as being able to provide an “elastic money supply”. Thus, the FED engineers boom and bust cycles by inflating and then deflating the money supply. The instability causes people to default and file bankruptcy. The World Economic Forum is really a front for central bankers. The WEF’s Great Reset statement of “you will own nothing” is just another way to say that all real wealth will be transferred via cascading defaults of businesses, individuals, and even smaller banks into the same large banks that are thought to own the 12 member FED banks. The FED, and the large banks that monetize the debt, would become the owners of nearly everything. https://www.youtube.com/watch?v=4zUjsEaKbkM
These assets will then be sold to individual insiders, like Warren Buffet, at fire-sale prices. We saw this model during the Greek default, when insiders with the European Central Bank got access to loans at 0.25% interest and then proceeded to buy up Greek islands, airports, businesses, and even national parks.
https://time.com/3956017/greece-bailout-selloff/
The Great Reset made its debut with then-Prince Charles in a video announcing the “golden opportunity” that the Covid pandemic provided to do lockdowns and usher in a “Great Reset”. https://www.dailymail.co.uk/femail/article-8384549/Prince-Charles-launches-Great-Reset-project-amid-coronavirus-pandemic.
And:
https://www.princeofwales.gov.uk/thegreatreset
Whether via massive inflation (as now), or deflation where people are short of money, or even Covid lockdowns designed to destroy small businesses, the name of the WEF/central bankers’ game is to obtain legal title to all property via bankruptcy and default. The way to stop them is to change state property laws to not allow transfer of legal title to them.
Con games exist only as long as people have confidence in them. Americans would do well to demonize those politicians who dance to the WEF/Central Bankster tunes as being their pawns. People of integrity, on the left and right, need to call out our banking oligarchs, and their water boys, and simply say “no more”. Americans need to demand that Congress put hard questions to the Fed Chairman, Black Rock and those large banks which do asset purchasing on behalf of the FED. (No one really knows who owns the Fed’s 12 member banks. It is presumed to be the large banks that monetize the federal debt. However, it could include foreigners like King Charles III.
Americans deserve to know).
To that end, the US Treasury needs to return to its pre-1913 role of creating our money supply – not the private FED. That would be a huge step in restoring national sovereignty.
As that is unlikely, states would do well to start their own state public banks (as has North Dakota) and restore their 10th amendment state sovereignty by setting themselves free from the dictates of the big Wall St banks that run the FED. If MasterCard can create money in the form of credit cards, then certainly states can take back power by getting into the game of money creation too.
*****
Categories: Free Speech Zone