If you think democrats give two cents for the lives of Americans, you’re wrong. The actions demonstrated by the ‘liberal’ party in the United States over the past 48 hours have clearly shown voters that democrats are using the coronavirus outbreak to enact a political agenda they have NO HOPE of getting the American people to accept.
So, they’re using extortion. Do this… or else.
But, democrats aren’t thinking about the next election… they’re thinking about the next 50 elections (if that many are actually needed to reach their goal of transforming America into a totalitarian state controlled by globalists).
They want to ensure that all Americans become slaves to the state. And one way they are planning is to ‘introduce’ digital currency.
Basically, if you want/need a stimulus check, you will have to get one through a massive government program that forces banks to create and manage digital wallets, with digital money, controlled by the federal reserve. In other words… NOTHING.
There is no such thing as ‘digital’ money… it’s only an idea. With a wad of cash, you can get all sorts of things done. But, with a ‘digital wallet,’ you have to rely on technology to ensure that you have the ability to purchase food, medicine, or other basic needs.
You must rely on the government’s approved ‘federal reserve bank’ to tell you that you have money and can use it. Essentially, the government becomes the “Company Stores,” and we will all owe them our souls.
As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’
In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.
Both Speaker Pelosi’s ‘Take Responsibility for Workers and Families Act’ and the ‘Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321),’ introduced by Chairwoman Maxine Waters of Financial Services Committee, introduced these concepts today as a way of delivering the economic stimulus payments to U.S. citizens.
The bill establishes a digital dollar, which it defines as ‘a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve Bank or … an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).’
Additionally, a digital dollar wallet is identified as ‘a digital wallet or account, maintained by a Federal reserve bank on behalf of any person, that represents holdings in an electronic device or service that is used to store digital dollars that may be tied to a digital or physical identity.’
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A mandate also requires all ‘member banks’ establish a ‘pass-through digital dollar wallet’ to all customers eligible for the stimulus. Member banks include those banks that are ‘members’ of the Federal Reserve and regulated by the Fed. Additionally, ‘Non-Member’ state banks – those that not members of the Federal Reserve and regulated by the FDIC – could opt-in to offer pass-through digital dollar wallets as well.
The Federal Reserve banks themselves would also make available a digital dollar wallet to any U.S. person eligible for the payments as well. Additionally, the U.S. Postal Service would aim to help unbanked individuals and/or those without proper ID to establish their identity be provided a digital dollar account, and would set up ATMs for customers to access their funds.
What happens when these accounts get hacked? What happens when glitches in the systems prevent someone from buying food or necessities?
Do democrats think Americans so desperate that we would simply blindly walk into the cages they have planned for us? Are we?
This is the cashless society, people. God help us.