Authored by Robert Aro via The Mises Institute,
A cashless society would be the nail in the coffin for liberty and freedom, offering centralization, the likes of which Marx could only dream.
The existence of a government backdoor or spyware becomes a real possibility, and given the State’s track record, a real likelihood.
Then, of course, the ability to track, freeze, and even set expiry dates on money, will be marketed as “features” to protect the public.
As for the 5.9 million Americans considered “unbanked,” i.e., those who have no checking or savings accounts, (the poor, weak, and vulnerable) they can expect life to get more difficult. This is the price we pay for free market intervention.
Earlier in the week, the Federal Reserve Bank of New York made the announcement:
Members of the U.S. Banking Community Launch Proof of Concept For A Regulated Digital Asset Settlement Platform
The explanation may only make sense for those well versed in crypto technology:
Members of the U.S. banking community today announced the launch of a proof of concept (PoC) project that will explore the feasibility of an interoperable digital money platform known as the regulated liability network (RLN). Using distributed ledger technology, the proposed platform would create innovation opportunities to improve financial settlements and would include participation from central banks, commercial banks of various sizes and regulated non-banks.
Basically, Fedcoin is advancing and is now in the testing stage:
The 12-week PoC will test a version of the RLN design that operates exclusively in U.S. dollars where commercial banks issue simulated digital money or “tokens” – representing the deposits of their own customers – and settle through simulated central bank reserves on a shared multi-entity distributed ledger.
Some of the largest financial institutions are involved in this 12-week program:
BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo.
Plus:
The technology is being provided by SETL with Digital Asset, powered by Amazon Web Services. Swift, the global financial messaging service provider, is also participating in the initiative to support interoperability across the international financial ecosystem.
From Bitcoin to Dogecoin, there seems little long term hope for those who love privacy and autonomy when the largest corporations and fintech firms work with the Federal Reserve to roll out a Central Bank Digital Currency (CBDC).
Would you like to know who else is was working with the Feds? Courtesy Coindesk:
Former FTX CEO Sam Bankman-Fried was, until last week, a major political donor – he gave $5.2 million to U.S. President Joe Biden’s presidential campaign and spent another $40 million supporting mainly Democratic candidates ahead of the November midterm elections – and an influential figure in Washington.
Bankman-Fried regularly met with regulators and lawmakers, weighing in on how the crypto industry should be regulated. He was a vocal supporter of one bill, in particular: the bipartisan Digital Commodities Consumer Protection Act (DCCPA), a still-in-progress bill…
We know for certain CBDCs are coming, as well as more regulation. And given the trajectory of both, a cashless society is too. What is less certain is whether or not Sam Bankman-Fried, for his culpability in what may amount to one of the largest thefts of all time, will ever see jail time.
It is my sincere desire to provide readers of this site with the best unbiased information available, and a forum where it can be discussed openly, as our Founders intended. But it is not easy nor inexpensive to do so, especially when those who wish to prevent us from making the truth known, attack us without mercy on all fronts on a daily basis. So each time you visit the site, I would ask that you consider the value that you receive and have received from The Burning Platform and the community of which you are a vital part. I can't do it all alone, and I need your help and support to keep it alive. Please consider contributing an amount commensurate to the value that you receive from this site and community, or even by becoming a sustaining supporter through periodic contributions. [Burning Platform LLC - PO Box 1520 Kulpsville, PA 19443] or Paypal
-----------------------------------------------------
To donate via Stripe, click here.
-----------------------------------------------------
Use promo code ILMF2, and save up to 66% on all MyPillow purchases. (The Burning Platform benefits when you use this promo code.)
Boys and Girls, use your federal allowance to build gallows & Guillotines for all those folks that want to put a boot on your neck.
Why bother?
Real Mark of the Beast stuff coming hard.
Jesus done left Chicago, boys an’ He ain’t bound for New Orleans.
Mercy on us now, mercy on us now.
But the GlobloHomos are workin’ and Woke’n from one end to the other and all points in between.
Took a jump through Mississippi
ol’ Maxine Waters turned to whine, oh yeah she did…
Maxine Waters done turned to wine, too late to close the lid.
Oh yeah…
Uniparty Globlos You might not see in person
But they’ll see you just the same
You might not see them in person
But they’ll see you just the same
Yeah, yeah
You don’t have to worry now, ’cause takin’ care of all satan’s business is his name.
is Proof of Concept anything like Gain of Function? using money instead of a virus?
bend over, guys, we’re about to get it in the same place again
BOHICA
I tell my few remaining customers ( that I chose to keep ) beans, butter, bullets, PM’s, cash or trade. Good folks tend to be very accommodating if you have something of value to them , if not, I don’t need them .
Oh, and BTW, get off my lawn! Lol!
Peace, L.
I liked the Mike Adams video the other day about shit coin and butt coin lol.
I pay all of my utilities with a credit card. Everything else is cash.
At the latest WEF clubhouse meeting they’ve already admitted publicly that they intend to destroy cash and use this as a tool to punish and force. They’ll control every aspect of your life and can destroy it with the push of a button.
Time for some serious sand in all the gear boxes
“There is nothing new under the sun”, this has been happening since the beginning of time ( some call it the fall of man). These so called “globalists ” have discovered “technology”, and they think it’s the gold at the end of the rainbow! And they can see the light at the end of the tunnel! Little do they know there is an eternal fiery furnace at the end, not a light! ” Look up, your redemption draws near!”