CENTRAL BANK DIGITAL CURRENCY

South Dakota Governor Kristi Noem signed two bills into law to reject a central bank digital currency (CBDC), removing it from the definition of money in the state and banning the state from accepting it as payment.

CBDC is bad because it can monitor and control financial transactions and can impose negative interest rates (a monetary policy tool that charges banks to store their cash at the central bank, instead of earning interest income). CBDC can impose a direct tax on accounts.

The IMF wrote that CBDC could be “programmable.” and authorities “could restrict where or when it could be spent.” The handbook also recommends “user identification and transaction tracking.”

Catherine Austin Fitts said that unless we have a sovereign state government protecting sovereign individuals who are free to transact, without invasive technology, we will have no sovereignty. Bankers will rule with this technology, will turn your home, your car and community into a digital concentration camp.

Richard Werner, a German banking economist, recently warned against central bank digital currency (CBDC) that will initially be accessed with a phone, but ultimately, the goal is to implant a rice-size chip under the skin of users.

Your Friday eve edutainment is now sorted! THIS is the most important and informative interview ever – it is now in my top three of all time. Recorded the other day in Amsterdam – it is compelling and crucial for all our futures – I promise you that! Download Professor Werner’s reference list here and […]

Alabama unanimously passed a new law that prohibits government agencies in the state from accepting CBDC as payment, and it bars the state from participating in any testing of a central bank digital currency CBDC by the Federal Reserve.

A recent poll by the Cato Institute found that 34% of poll participants oppose the Federal Reserve offering a government-issued digital currency, called a ‘central bank digital currency’ (CBDC), while only 16% support it.

(Translated from the incredibly high, turgid, and nearly incomprehensible German by me): Once upon a time there was a man who had reached the…
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Cheques (or checks in American parlance) have been with us a long time. Although they take a while to clear, they are safer to use than cash, especially for large purchases. At one time, ordinary people, especially women, would not be issued with chequebooks by their banks. Cheques have two big advantages over cash. If […]