Announcement

**surviort_wwdnet** · 09-03-2022, 06:41 PM

I'm planning for it to be a complete debacle, as is anything run by centralized bureaucrats. How will it work, or will it work at all? Do I begin spending all of my fiat currency to purchase everything I will need for the next 10 years and the means to store it (after which it's not likely that I will care)? Buy a farmette (will farming become illegal) and disappear into obscurity as an LLC? Will the CBDC be accepted by "the people", or will we repeat 1776 and take back control of our lives and livelihoods?

**Bill Foster** · 09-03-2022, 10:54 PM

I think the cbdc will be great. If TPTB see that someone is purchasing “too much ammo” his/her account could be frozen. Speak loudly at a BOE meeting, city council meeting, make a mean tweet, frozen, or confiscated. What a great idea.

**rockriver** · 09-04-2022, 05:24 AM

thanks for this post.... inquiring, planning. i suspect this will become the winner of "most important post of the year" award

**Lowdown3** · 09-08-2022, 02:54 PM

So let's wargame this-

A HIGH amount of the population doesn't have a bank account and mainly uses cash. Go to a larger Post office around the first of the month and talk to a clerk. They sell boat loads of postal money orders around that time as people without bank accounts are buying MOs for paying bills. Not just Mexicans either, I see a lot of black folk and scrubby looking white folks.

Some probably don't have bank accounts due to being illegal aliens. Some probably have 2 or 3 overdrawn accounts they have walked away from. Some probably have tax problems that keep them from having a bank account and/or garnished wages, etc. What a lot of people might not realize is when you have to take some dirtbag to court for non payment of a lease, purchase, etc. 90% of the time the dirtbags don't show and you win automatically. Then you get a judgement against them. Then you can do a writ that allows the police to show up at their place and take items based on the judgement's amount or force them to sell items to collect on the judgement. If that doesn't work you can garnish their wages. Once that starts their only way out is a BK and some will go that far with it. So "dude" who just did all this crap to avoid paying a bill he agreed to, now how is he to operate in the "system?" Cash.

And that's a LOT more people than you realize out there... and not just scuzzy people. I remember sitting at staring at one of the "worship team" ladies at our old church every time thinking of how she was here acting pious while her husband and her tried to cheat me out of a $4,200. bill (spoiler alert- he got a judgement and I got paid).

How will this affect people like this?

**Patriotic Sheepdog** · 09-09-2022, 09:21 AM

Not sure, but if they are offered, lets say, $5000 to open a CBDC acct, and then get their gov free SNAP, etc payments there, they could then transfer CBDC to pay their bills? Not sure how it will all work for folks not having a bank acct, but the gov likely will offer them, and all people, a certain amount of CBDC to "get started". Then those without an acct would jump on it as they will be told they need a CBDC acct to buy anything, including food? I am sure TPTB have war-gamed this scenario though. They need everyone on this system. However, I believe there will be an alternate/parallel system that will be barter. In fact, a mechanic and I were talking yesterday, and he said, "nope....I will say to people, I can fix your car, but I need a new refrigerator". He said I will not buy into that BS.....

**surviort_wwdnet** · 09-09-2022, 06:35 PM

Barter is the way to go when at all possible. I am not in favor of any more gubmint control over my life - in fact 10% of the existing control would still be too much. We need a hero because right now we're staring down the enemy...

**Lowdown3** · 09-10-2022, 09:02 AM

Not sure, but if they are offered, lets say, $5000 to open a CBDC acct, and then get their gov free SNAP, etc payments there, they could then transfer CBDC to pay their bills?

Damn... There it is! I believe Patriotic Sheepdog just called it folks.

"Today the president of the not so united states of Amerika has announced a new round of stimulus to ease the suffering of the common citizens caused by the evil dictates of the "maga republicans". To combat widespread fraud caused by the maga republicans who are always seeking free stuff, rioting when they don't get it and in general are low class citizens, our great president has announced that this new round of stimulus and each further stimulus will be done via the new digital currency card. In addition all gubmint benefits to include social insecurity, ebt and welfare will hereby be issued via the digital currency card..."

I can hear the double speak announcement from Mini Truth now, I think I just wrote it for them above...

**1Admin** · 09-11-2022, 04:10 PM

Convenience... and Free $hit = Two things ruining our society today.

**surviort_wwdnet** · 09-11-2022, 06:36 PM

Convenience: being able to get my groceries delivered when I don't have time to go shopping

Free $hit: I don't get any of that

**Lowdown3** · 09-16-2022, 02:42 PM

he White House has published a legal framework for engaging with bitcoin and cryptocurrencies in the U.S. following a “whole of government” executive order (E.O.) from President Joe Biden earlier this year, per an official press release. The framework consists of seven sections:

(1) Protecting Consumers, Investors, and Businesses;

(2) Promoting Access to Safe, Affordable Financial Services;

(3) Fostering Financial Stability;

(4) Advancing Responsible Innovation;

(5) Reinforcing Our Global Financial Leadership and Competitiveness;

(6) Fighting Illicit Finance;

(7) Exploring a U.S. Central Bank Digital Currency (CBDC).

The “Ensuring Responsible Development of Digital Assets” E.O. called on government agencies to produce varying forms of research regarding consumer privacy and protection, energy usage, and central bank digital currency (CBDC) benefits and risks.

In accordance with the research provided, the White House intends to empower the Securities and Exchange Commission (SEC) and the Commodities Futures Trading Commission (CFTC) to “aggressively pursue investigations” in the digital asset space.

Additionally, Biden’s administration will push the Consumer Financial Protection Bureau (CFPB) and the Federal Trade Commission (FTC) to “redouble their efforts to monitor” the ecosystem as it relates to “unfair, deceptive, or abusive practices.”

However, it is unclear what enables the determination of whether or not these agencies will begin monitoring for the aforementioned malicious behavior.

Continuing on, the framework also calls on agencies to begin accepting “instant payment systems,” such as FedNow and the consideration of regulating non bank payment providers.

Furthermore, the National Science Foundation (NSF) will research “technical and socio-technical disciplines and behavioral economics” in order to understand digital asset ecosystems.

Following a recent report from the White House Office of Science and Technology Policy (OSTP), the Department of Energy (DoE) and the Environmental Protection Agency (EPA) are being tasked with “tracking digital assets’ environmental impacts; developing performance standards as appropriate; and providing local authorities with the tools, resources, and expertise to mitigate environmental harms.”

In addition, the Bank Secrecy Act will be amended to apply to digital assets, leading to larger fines for unlicensed money transfers and stricter enforcement against digital asset service providers.

Also, the U.S. Treasury department will complete a risk assessment as it relates to decentralized finance (De-Fi).

Finally, and perhaps most importantly, Biden’s administration has developed “Policies for a U.S. CBDC System,” which details the government’s priorities as it relates to the release of a digital dollar. However, the release states that “further research is needed”.

Agencies that were chosen to lead the ongoing working group for the research and possible development of a CBDC include the Federal Reserve, the National Economic Council, the National Security Council, the Office of Science and Technology Policy, and the Treasury Department.

ZeroHedge

https://www.zerohedge.com/crypto/white-house-releases-first-ever-comprehensive-crypto-regulatory-framework

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

**Patriotic Sheepdog** · 09-17-2022, 08:19 AM

Yup....It is coming.... I have heard talks they are looking at Etherium for the coin, but who knows...I think they want to implement before pres elections in two years that way it will be hard to undo...

**Patriotic Sheepdog** · 09-19-2022, 09:07 AM

https://www.thegatewaypundit.com/2022/09/biden-regime-moves-forward-us-central-bank-digital-currency-can-ban-censor-shut-accounts-boisterous-conservatives-starve/

**Lowdown3** · 09-28-2022, 09:22 AM

I was watching people buy money orders at the post office the other day and asked the gal there what the max amount for a money order was.

She says it's now $1,000. and they can only sell you 3

Didn't it used to be $5,000 for the money orders max?

Slowly tightening...

**Patriotic Sheepdog** · 10-01-2022, 09:17 AM

there have been reports that some banks will not allow you to take $5000 of your money out of their bank. One bank reportedly told the customer, they don't have that much money in that branch at one time...so yes, it is tightening....

Announcement

CBDC

CBDC

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment

Comment