Authored by James Rickards via DailyReckoning.com,
Another warning shot across the bow just happened…
I warned my readers a few weeks ago about how the Federal Reserve, in cooperation with giant global banks, has launched a 12-week pilot project to test the message systems and payment processes on the new CBDC dollar.
A pilot project is not research and development. That’s already done. The pilot means that what I call “Biden Bucks” are here, and the backers just want to test the plumbing before they roll the system out on the entire population.
That project is due to be completed next month. In other words, Biden Bucks are getting closer to becoming a reality for us all. Now there is another big development to keep you up to speed…
This month, the Digital Dollar Project (DDP) released an updated version of its white paper called “Exploring a U.S. CBDC.”
The project expanded the paper in order to examine central bank digital currency projects internationally, though its focus is still on the United States. Since its original white paper release in 2020, CBDC projects worldwide have increased from 35 to 114.
Here is one statement in the updated paper:
It [is] imperative that the U.S. government consider ways to maintain the use of the dollar in digital global payment systems and develop a strategy related to the use of alternative payment systems.
Pigs in the Digital Slaughterhouse
“Alternative payment systems” is simply a technical term for Biden Bucks, which means replacing the cash (“fiat”) dollar we have now. What’s this mean for you?
Let’s first consider the kind of freedom that physical cash offers you. Above all, cash is untraceable and anonymous. When you buy something with cash, there’s no way to trace the purchase to you individually. In that sense, cash is like gold or silver. It doesn’t leave a digital fingerprint.
And that’s why the government wants to eliminate cash — with cash out of the way, it can trace anything and everything.
At that point, the pigs (all of us) will be in the slaughterhouse ready for the digital slaughter of negative interest rates. All of your money will be locked in the banking system. If you don’t want to spend your money, the government can punish you by imposing negative rates. It doesn’t want you saving your money.
And in a completely digital world, what would stop the government from having individualized interest rates for every citizen?
Biden Bucks would also allow for account freezes, tax withholding and outright confiscation in some cases. After all, this is a government-approved digital wallet without any access to physical cash as you know it now.
You’re Just a Pawn
When the government is in full control of your money, it opens up the door for manipulating the economy by using you as a pawn and your assets as chess moves.
If they need to slow down the economy (as they are attempting to do now with increasing interest rates), they could freeze a certain percentage of your cash so you can’t spend it.
If they feel the economy is too slow and needs a jolt of spending, they could punish people who are saving too much with a “spend it or lose it” policy. That’s the reality behind negative interest rates.
It would make your money less truly your own and under government control. We are already seeing how many retailers are not accepting cash across America.
Another thing about physical cash: It’s not hackable.
Under Biden Bucks, all the data that the government will have on every aspect of your life would be a dream come true for hackers. Identity theft would become commonplace.
And forget privacy. That would be a thing of the past.
“Sorry, We Really Don’t Want to Do This to You, But We Have No Choice”
What happens when physical cash is eliminated from any payment transactions? Imagine this alarming possibility…
To further advance the climate change agenda, what if Joe Biden or his successor decided that gasoline needed to be rationed?
Your Biden Bucks could be made to stop working at the gas pump once you’ve purchased a certain amount of gasoline in a week! They could justify it based on “national security concerns” or whatever, and that it’s something they just have to do.
They’ll say, “We really don’t have a choice. We have to do it!”
In other words, Biden Bucks would create new ways for the government to control how much you could buy of an item, or even ban certain purchases altogether. Government would keep score of every financial transaction you made.
In a world of Biden Bucks, the government will even know your physical whereabouts at the point of purchase. It’s a short step from putting you under FBI investigation if you vote for the wrong candidate, buy the “wrong” reading material or give donations to the wrong political party.
The Slippery Slope
They may deny that this is part of some grand plan to control the population, that it’s just a way to make the financial system more efficient. The rest of it is just a conspiracy theory that only kooks believe. And they may mean it. They may not have bad intentions.
But history clearly shows that once the government acquires a specific power, it will eventually use it to the fullest extent it can. And when corrupt people are running the government, they’ll use that power for political purposes, even if they might not set out to originally. The temptation is just too strong.
If any of this sounds extreme, fantastical or otherwise far-fetched, well, it’s not. I simply invite you to look at what’s happening around the world.
China is already using its CBDC to deny travel, employment and educational opportunities to political dissidents. Canada seized the bank accounts and crypto accounts of nonviolent trucker protesters last year. Nigeria put a cap on ATM cash withdrawals at $45 to promote digital payments.
Don’t think that other governments, including the U.S. government, haven’t noticed. They have.
The simple fact is “social credit scores” and political suppression will be even easier to conduct when Biden Bucks are completely rolled out in the U.S. With Biden Bucks, the government will be able to force you to comply with its agenda, like with the climate change example I mentioned above.
Because if you don’t, they could turn off your money. But you can fight back. How?
Get Physical
One, I recommend keeping some physical cash at home or in a safe place. I wouldn’t recommend too much cash because the time may come when cash is declared illegal and you have 60 days to hand in your cash for digital credit.
Handing in too much cash may cause you to be put on a watchlist from a tax or money laundering perspective, even though the money is yours and you obtained it legally.
Second, buy some gold. Gold is a non-digital, non-hackable, non-traceable form of money you can still use.
Also, one-ounce silver American Eagles are the best form of money for day-to-day transactions.
These are ways to protect your freedom and your savings. The time to prepare is now, before it all hits.
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“cash is untraceable” {/facepalm}
Doesn’t cash have this unique identifier called serial number?
the transaction is untraceable unless you’re a really stupid person
Show us your intelligence and tell us which important thing to avoid, to not make a transaction potentially traceable.
Meet the person you are transacting with in a dark alley.
I dunno – he might bite your dick off.
Nope.
Dickless?
Brainless?
you should learn to quit when you’re behind.
Yeah dumbo, you sure answered my challenge
(and no, the answer is not “cover your cash / do it in the dark”)
To Todd and the 11-and-counting morans:
The correct answer would have been
“Don’t use cash you pulled from an ATM.”
The ATM could scan the serials before dispensing the bills, and assign them to your name. It is then outside of your control if the transaction counterparty immediately deposits the cash received from you in a bank. If they scan the incoming cash too…
Stopped at MickeyD’s today for a drink. Cash registers down because of a computer so kiosk only. Kiosk does not accept cash. I will not buy $2 on a CC. No sale! Went elsewhere. Now to the real thought. If a simple POP sale can’t be transacted can you imagine the cluster a total computer driven system CBDC will bring about? Taking down our electric grid would be quite easy! Since I worked in the utility industry I know how to trash the grid so I would presume trained terrorists might be able to figure it out too. No need for large amounts of explosives or anything like that. CBDC is about one thing, CONTROL.
If a computer was down wouldn’t none of it work except cash?
With Smart Meters the grid is very dangerous. Smart meters don’t have overload protection like the old mechanicals. If you drop a high voltage line onto a distribution line, the spike will ignite all the Smart Meters on the circuit.
Happened in California a while back when a truck hit a pole. High voltage line hit a distribution line and burned up about 5000 meters.
https://www.cbsnews.com/sacramento/news/stockton-smart-meters-explode-after-truck-causes-power-surge/
The Grid has been made more and more dangerous and vulnerable for decades. They are making it so easy, it is like they want it to be a target.
Did you know that almost 20 years ago (maybe earlier) the U.S. CIA developed an ability to remotely monitor conversations in a building, for example, via the specific vibrations specific words create when they hit a fluorescent tube, which then sends a nearly imperceptible electrical fluctuation down the return line?
The assumption would be a private room couldn’t be bugged LIKE THAT. Using lights that way would never come to mind for all but like 3 individuals on the entire planet.
When assuming things about cash, traceability, etc….
ONE MUST ALWAYS, ALWAYS, ALWAYS bring the Rummy Quote to Mind:
It’s the Unknown Unknowns that get you.
There IS, without doubt, a way to remotely track the 100’s since the Supernotes of the 90’s were discovered.
And I have no information about it at all – almost no one does because it is sensitive, strategic, and we just got counterfeited to death with the Supernotes, only 20+ years back.
But in the early 2000’s and later notes, it’s not just the serial number. The notes themselves can act like an RFID and I would guess that if you are the government, you can “ping” those uniquely serialized notes at MUCH greater distances than anyone would ever imagine. OR have things in place that we are unaware of, and all over the place, that act as the pinging devices (cell towers, 5G now, other stuff not recognized).
Just a thought…
Banks only keep track of a few serial numbers on cash and that’s in rare cases of transactions of over 10,000$.
ATMs don’t track serial numbers, so there’s no way to know ever who held a specific dollar when and where. Not to mention, passing a dollar between individuals or at a business.
A convergence will / is happening. Several inputs like dominoes falling happen in a short period of time. Hot WAR / terrorism , cyber-punk attack, de-dollarization as countries refuse US fiat bank notes ( digits ) , expanded FAMINE , and just like that a new ” Poly-Crisis ” is born ( W.E.F. just coined the term at Davos .)
The cabal knows the system will crash. So , like 1929, they will pull the plug themselves.
It seemed very strange that Biden would declare the C-19 ‘ emergency ‘ would be over on May 11 , 2023. Strange that is unless a new ‘ plan ‘ is ready to go ????
Catherine Austin Fitts ( Solari . com ) and USAWatchdog. com have had some excellent reporting on CBDC.
My take on the near future is that something will be thrown at US on May 12th … maybe that next ‘pandemic’ that Bill from the Gates of Hell and his buddies at the WHO have been threatening for a while.
Or maybe the CBDC will take effect in the US on the 12th of May … fully programmable … without warning … no exceptions.
All stores refusing cash will be a source of reparations owed me for my life of slavery:i.e. taxes,simple as.
As I said about being banned from stores for being unjabbed, “If I can’t use it, do I care if it burns to the ground?”.
How would they handle hoardes of unjabbed that want shit carrying ARs? I’m sure most aware armed folks are purebloods
Anon1 & Anon2- It doesn’t take a rocket scientist to figure out you are both correct. Carry on.
…or a giant flaming debit on the ledgers of their creditors.
Great minds think alike.
Thats what I said when stores refused to sell me something because I wouldn’t wear the mask. “Take my money or the next time I come in here I won’t bring money”
Yeah, this will roll out like ObamaCare.
Don’t worry, the Rethuglicans will stop it.🤣
easy co,
we still have obamacare —
And if you do business with them, fuck you!
Gun owners will tell you, you don’t hand in shit.
The CBDC is a perfect way to create a huge black market, collapse the federal economy and see some states create their own currency.
State issued currency plans were being made over 30 years ago…mostly in southern States.
It WILL happen eventually…and eventually gets closer every day.
Hell yeah! Not to brag, but I already have my chickens. Line ’em up, people!
This is certainly a hill to die on. Will not comply.
It’s lonely at the top of that hill.
It is, but somebody has to be there.
I don’t go in regulah stores, I have everything delivered. Will they ask online if I am vaxxed? Har, har….that’s rich.
I did however go into the salvage store run by the Amish today, NOBODY there is vaxxed and they don’t give a shit.
The stupid lazy public will go along just like they went along with the deathvax.
I’m just an old broad, and might be completely off base here, but a few points I’d like to bring up;
This CBDC thing is going to be a zoo. Look at the ObamaCare system. By all accounts, their software is still crap. The Feds don’t generally hire the cream of the crop. It’s going to take a while to work out the kinks, be buggy as shit, and you think the best hackers out there won’t be dying to crash the system just for the bragging rights? Or the fun of just plain old maliciousness? And he who has the best hackers will be stealing as much of the “money” as they can manage.
Americans, when they finally wake up and realize they’ve been had, are going to develop some kind of work around. We always do. Bucking the system is a national past-time for some folks. Eventually, an alternative economy and specialists in hacking/counterfeiting are going to immerge. And do you think other powers won’t be messing with it to try to crash it once a week? The US is not beloved where ere it goes. The Norks are going to have a field day.
Yeah, at first it’s going to be touted as doing us all a big ol’ government favor. Convenience for the little guy, hooray. Once they start with the controlling BS, it’s going to suck for a while, but alternatives/workarounds will immerge eventually. We are a creative people. Well, we used to be…
I’m not too horribly worried about it at the moment. I think it’s an appalling concept, and it horrifies me. At my age, the world as I knew it came to an end a while back. It is what it is. I’m grateful I never had children. All I can do at this point is hope for some sort of crash that puts paid to all this crap. The inmates are running the asylum, they’re corrupt and incompetent, and there’s no escape for a lot of us. Pushback is going to be immense, I think.
If I was younger, I’d move to a different country, as I feel I’m on “the Baddies” side here. Appalling thought. But I’m not, I was born here, I’m established here, I’ll die here. Perhaps sooner rather than later, as I refuse to be jabbed under any circumstances. They can shove that shit into my cold, dead corpse.
NoNamedShe- Fear not, the Extra Special Russian Christians will save us, they are very religious people who are far superior to we heathen Merikans. Life will be much better under the Red Dawn Russian remix unless it somehow is just another trick of the Global Entertainment Dept.
Steady on old girl.
I have no idea what to say to that, much less what your point was. But thank you for your response. I hope you enjoy the rest of your evening.
No NameShe- You must have missed the bottom portion of the “Wagner Heroics” thread. 🙂
It was my pleasure to speak to you. Comment more often, and welcome!
Commerce between people/business is closed with a currency of some kind. As we know it and have known it, it will go away by the evil forces of the Khazarian mafia. But you, I, and many others can conduct our business between us with the currency of our choosing – be that some precious metals, bartering of skills, tomatoes…whatever.
Most will fall for the CBDC, most think they have no choice. Certainly any of us with any kind of savings or retirement investments will get dry-hammered, but that’s the way of it. If you can secure some silver or gold, do it with cash if able. Main thing; have some friends, and know the Lord. Like minded people are your most valuable asset in days like this.
The Gov. will use a centralized crypto like XRP for their CBDC. I recommend Gold and silver and decentralized Bitcoin.
somebody put up a link a few days ago to a job advertisement in great britain –their treasury dept is looking 4 a director of crypto who will answer to cabinet secretaries —
it sounds like they are ready to roll w/it —