Tag: digital dollar

‘The fire has been lit’: U.S. Federal Reserve’s push for digital dollar worries Wall Street

Joe Light – March 22, 2021

The financial services industry, braced for what could be its biggest disruption in decades, is about to get an early glimpse at the Federal Reserve’s work on a new digital currency.Wall Street is not thrilled.Banks, credit card companies and digital payments processors are nervously watching the push to create an electronic alternative to the paper bills Americans carry in their wallets, or what some call a digital dollar and others call a Fedcoin.

As soon as July, officials at the Federal Reserve Bank of Boston and the Massachusetts Institute of Technology, which have been developing prototypes for a digital dollar platform, plan to unveil their research, said James Cunha, who leads the project for the Boston Fed.

A digital currency could fundamentally change the way Americans use money, leading some financial firms to lobby the Fed and Congress to slow its creation — or at least ensure they’re not cut out.

Seeing the threat to their profits, the banks’ main trade group has told Congress a digital dollar isn’t needed, while payment companies like Visa Inc. and Mastercard Inc. are trying to work with central banks to make sure the new currencies can be used on their networks.

“Everyone is afraid that you could disrupt all the incumbent players with a whole new form of payment,” said Michael Del Grosso, an analyst for Compass Point Research & Trading LLC.

https://financialpost.com

Israel Begins Testing Of New World Order Centralized Digital Currency

Mac Slavo – June 22, 2021

We are down to the wire. The digital dollar is here and is now being tested in a pilot program in Israel.  If we, as a society, are not yet aware enough to reject this obvious enslavement, we are all in big trouble.

Andrew Abir, the Deputy Governor of the Bank of Israel, has started to issue digital shekels as the first step of an internal pilot program. The idea of the digital shekel has been kicked around since 2017 but, Israel decided to put the development of its central bank digital currency (CBDC) into high gear. As reported by The Jerusalem Post and published in a report by Yahoo News, the pilot test was announced by Abir at a conference of the Fair Value Forum of IDC Herzliya.

We all know by now that a fully controlled and centralized digital dollar is one of the keys to the total enslavement of mankind.  If we want any chance at all in the future or even care about humanity, people will need to reject this as what it is: your slave marker. The central banks will essentially own you.

The digital dollar/shekel/euro etc. will be controlled by the central banks and turned off as the rulers see fit.  They will ensure that you are taxed immediately and will stop transactions on a whim.  You will be allowed to only do what you are told and obey. If you choose to dissent, you will be cut off from any of the funds that you earned. We had better start to unite and stand up for each other against this or they will continue to divide and conquer:

During his speech, Abir stated that the Bank of Israel had already run a digital currency pilot, much to the surprise of everyone in attendance. The report suggests that this was an unintentional reveal by the bank’s Deputy Governor when discussing the need for a digital shekel and its possible effects on the financial sector. –Yahoo News

This isn’t new. This is a part of the Great Reset into a totalitarian slave dystopia.

https://www.shtfplan.com