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Thread: Fed Wants A No Cash Society

  1. #1
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    Default Fed Wants A No Cash Society

    The Federal Reserve is talking about adopting a “digital dollar” as cryptocurrencies take off and the central bank wants to proceed toward the cashless society.


    “We are looking very carefully about whether we should issue a digital dollar,” Fed Chairman Jerome Powell said before the Senate Banking Committee. “As the reserve currency, we have the responsibility to get this right rather than be the first.”


    Powell made it clear that his central bank will be upping the inflation in order to destroy the value of paper money and ease the transition toward the cashless society.


    “The economy is a long way from our employment and inflation goals, and it is likely to take some time for substantial further progress to be achieved,” he said.



    Liberty Conservative News has warned of the cashless society, as a cabal of wealthy international interests pine for a monetary system where everyone can be tracked by state authorities at all times:


    “The Cato Institute, a Washington D.C. think-tank funded in part by globalist oligarchs David and Charles Koch, has formally endorsed the notion of a cashless society that would enable centralized government control over the entire economy on an unforeseen scale.


    Economics professors Michael D. Bordo and Andrew T. Levin wrote a white paper for the Cato Journal titled, “Improving the Monetary Regime: The Case for U.S. Digital Cash.” They argue that digital cash is necessary so the “Federal Reserve can provide sufficient monetary stimulus to preserve price stability.”


    “Our analysis indicates that the Federal Reserve should take active steps to establish digital cash as the fulcrum of the U.S. monetary system,” the Cato analysts wrote.


    Although they do not propose explicit banning the use of paper cash, they admit that their proposal would phase it out and eventually lead to a digital-only system where paper currency becomes a thing of the past.


    They wrote: “Once digital cash becomes convenient and ubiquitous, the demand for paper currency will rapidly diminish.”
    The analysts confusingly claim that digital paper money would “foster true price stability” while admitting that a cashless system would allow the central bank to inflate currency instruments limitlessly.


    The cashless society could lead to individuals being frozen out of the marketplace completely, unable to buy and sell goods they need for their families to survive, unless they submit and serve the Beast System.


    Revelation 13:17: “And no one could buy or sell anything without that mark, which was either the name of the beast or the number representing his name.”


    The globalist ruling elites aim to manifest the most ghastly tyranny mankind has ever known over the world. They will reach Biblical levels of authoritarianism unless they are stopped.



    https://libertyconservativenews.com/...hless-society/
    1Jn 2:6 The one who says he stays in Him ought himself also to walk, even as He walked.

  2. #2
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    "The cashless society could lead to individuals being frozen out of the marketplace completely, unable to buy and sell goods they need for their families to survive, unless they submit and serve the Beast System."

    The valley of decision....

  3. #3
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    Quote Originally Posted by dmatic View Post
    "The cashless society could lead to individuals being frozen out of the marketplace completely, unable to buy and sell goods they need for their families to survive, unless they submit and serve the Beast System."

    The valley of decision....
    No real decision. It just becomes open season.
    "Stand your ground. Don't fire unless fired upon, but if they mean to have a war let it begin here." Captain John Parker, to his Minute Men on Lexington Green, April 19 , 1775.

  4. #4
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    Quote Originally Posted by jmthomas View Post
    No real decision. It just becomes open season.
    Whats the big deal? We are nearly there already for goodness sakes. Of all the banks in the world they ONML:Y have 10% CASH on hand All of the 90% is in dots and dashes in other words CASHLESS, so going 100% cashless is just a few steps away. I Love It. I have been pretty much cashless since wy back in 1988, Debit cards are mine friend. Been yusing a debit card some way back then, and have never stopped. LOL

  5. #5
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    Quote Originally Posted by Hoppalong View Post
    Whats the big deal? We are nearly there already for goodness sakes. Of all the banks in the world they ONML:Y have 10% CASH on hand All of the 90% is in dots and dashes in other words CASHLESS, so going 100% cashless is just a few steps away. I Love It. I have been pretty much cashless since wy back in 1988, Debit cards are mine friend. Been yusing a debit card some way back then, and have never stopped. LOL
    You are nothing but a phony Socialist Party controlled tool, you know that?

    If you think that Techno Nazi system is so great, just move to China, I am sure you would fit in just fine there.

    And if this gets me the ban hammer, oh well. I am beyond sick about worrying about people's "feelings". Don't give a fig at this point. Watching my country slowly die by a thousand Libtard cuts every day, and watching so called "CONservatives" wring their hands, while hoping tomorrow will be somehow better if they just hope/wish/whatever hard enough. Willingly blind and deaf idiots facing an oncoming train, too stupid to save their own hides.

    Ok, rant off. Been a bad day. And no, I haven't been drinking. Maybe I should.
    "Stand your ground. Don't fire unless fired upon, but if they mean to have a war let it begin here." Captain John Parker, to his Minute Men on Lexington Green, April 19 , 1775.

  6. #6
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    Quote Originally Posted by jmthomas View Post
    No real decision. It just becomes open season.
    The decision I'm talking about will need to be made by everybody.....take the mark of the system or not...ever read Foxe's Book of Martyrs?

  7. #7
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    Quote Originally Posted by dmatic View Post
    The decision I'm talking about will need to be made by everybody.....take the mark of the system or not...ever read Foxe's Book of Martyrs?


    Most Christians today believe they are exempt from persecution, however:

    2 Timothy 3

    12 Yea, and all that will live godly in Christ Jesus
    shall​ suffer persecution.
    Pastor Guest

    Free E- Book!

    "Steps Toward the Mark of the Beast"
    The Christian's Guide to the How and Why of
    the Coming Cashless/RFID Economic System


  8. #8
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    Quote Originally Posted by jmthomas View Post
    You are nothing but a phony Socialist Party controlled tool, you know that?

    If you think that Techno Nazi system is so great, just move to China, I am sure you would fit in just fine there.

    And if this gets me the ban hammer, oh well. I am beyond sick about worrying about people's "feelings". Don't give a fig at this point. Watching my country slowly die by a thousand Libtard cuts every day, and watching so called "CONservatives" wring their hands, while hoping tomorrow will be somehow better if they just hope/wish/whatever hard enough. Willingly blind and deaf idiots facing an oncoming train, too stupid to save their own hides.

    Ok, rant off. Been a bad day. And no, I haven't been drinking. Maybe I should.
    Oh how neat is this? Wow I sure could use another 50 bucks a month. Bring it on. Get it done

    FCC authorizes $50 discounts for low-income households’ internet bills


    Kim Lyons 23 mins ago


    The Federal Communications Commission voted unanimously on Thursday to adopt a program that provides emergency discounts of up to $50 per month toward broadband internet service for low-income households. The Emergency Broadband Benefit Program also provides up to $75 per month for households on Native American land and a one-time discount of up to $100 on a tablet or computer for those who qualify.


  9. #9
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    Anyone who has ever lived through a natural disaster, would understand how stupid a cashless society is. Imagine a region decimated by storms/hurricane/tornado/earthquake/oregon's recent freezing rain treemageddon, etc. Imagine millions unable to buy or sell for day or weeks!!!

    I had to buy propane cash only. Without the cash option, i woud not have been able to run my generator. What happens when it's the food to feed your kids or medicine??

  10. #10
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    In a totally cashless society you will not have control of what you can buy, what you can sell, where you can shop or to whom you can sell. The ultimate decision on how you use your (their) "money" will be made not by you, but by the government, banks and big tech.

    Also, they will be able to suck as much "money" out of your account as often as they want and there will be absolutely nothing you can do about it. If that isn't enough, they can prevent you from accessing your account so you you will be unable to buy or sell at all. A phrase I coined to describe a person who is shut out of their account is they will be an "economic non-entity"
    Pastor Guest

    Free E- Book!

    "Steps Toward the Mark of the Beast"
    The Christian's Guide to the How and Why of
    the Coming Cashless/RFID Economic System


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