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Discussion Starter · #1 ·
What's next, a social credit score system...

WASHINGTON (AP) — The Biden administration is moving one step closer to developing a central bank digital currency, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.

The White House said on Friday that after President Joe Biden issued an executive order in March calling on a variety of agencies to look at ways to regulate digital assets, the agencies came up with nine reports, covering cryptocurrency impacts on financial markets, the environment, innovation and other elements of the economic system.
Treasury Secretary Janet Yellen said one Treasury recommendation is that the U.S. “advance policy and technical work on a potential central bank digital currency, or CBDC, so that the United States is prepared if CBDC is determined to be in the national interest.”

“Right now, some aspects of our current payment system are too slow or too expensive,” Yellen said on a Thursday call with reporters laying out some of the findings of the reports.

Central bank digital currencies differ from existing digital money available to the general public, such as the balance in a bank account, because they would be a direct liability of the Federal Reserve, not a commercial bank.
 

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If they can get to a digital dollar, they have control over what you can buy and when you can buy it.

That bizarre creature called Janet Yellen, who like all progressives, screws up everything he/she touches, also stated that the IRS is the foundation of American society. What the &%@#!!! Not the Declaration of Independence nor the Bill of Rights nor individual freedom..... nope. The IRS.

We hold these truths to be self-evident,,,,, you know the thing,,,, the IRS is the key to our democracy.

That tells you all you need to know about these people and their plans, and yes, a digital dollar is key to a "social credit score" aka communism. 🤬
 

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I flew into Philadelphia yesterday and while at the baggage carousel there was a large breasted black gal in her 40's getting a luggage cart from one of those stalls that have a little pay station built in. She apparently put in a $10.00 bill, removed a cart and pushed it to the side. She then started ranting that the machine didn't give her change. And THIS machine was the only one she knew that gave gold coins.

Long story short, she wasn't a passenger getting her luggage. She had only slipped into baggage claim to use the cart stall to get "gold coins", the $1 coin that many car washes dispense if you put in a $5 or $10. She proceeded to tell anyone in earshot about the "digital dollar" was coming any day and was spewing all the conspiracy of control surrounding it. She was panicked and claimed she was in International banking (albeit must have been a day off since she was in spandex, ball cap, and tennis shoes). And obviously upset she lost $10.00 (or $8.00 in gold coin change).

So I have no doubt everyone, especially the gubment, is out to screw us but I hope not too many people think the Sacagawea dollar is actually gold. :rolleyes:
 

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Discussion Starter · #6 · (Edited)
IMO there really is no rational reason to go to a digital form of currency other than a mechanism designed to control people and to eventually have the ability to steal the wealth from their poltiical opponents and political disenters.


Like everything outside the parameters of constitutional government, it will be used as a weapon against the American people and that is the bottom line.
 
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