Digital Dollar A-Coming: Draft Bills Mention New US Central Bank Digital Currency

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from Humans Are Free:

The Digital Dollar is no longer just a concept that alternative reporters and conspiracy researchers have been warning about. It has taken a big step to becoming a reality.

This is just more proof that the coronavirus crisis is being exploited to push forward all sorts of NWO (New World Order) agendas that have been waiting in the wings for the right moment to be rolled out.

The US Congress floated a stimulus bill on Sunday March 22nd 2020 that specifically mentions the term digital dollar in reference to a new currency the USG wants launched.

Digital Dollar

This new currency has been planned for a long time; recently, it has been referred to as a CBDC (Central Bank Digital Currency). Although the provision for a digital dollar has been removed from the bill, the rulers have shown there hand.

Is this another step to the elimination of cash and to a One World Currency where every single financial transaction will recorded and monitored?

House Stimulus Bills Contain Proposal of Digital Dollar – But Then Taken Out of One Bill

In an article last week Creating and Exploiting the Coronavirus Crisis, I talked about how the US authorities were preparing to possibly crash the economy (and blame it on the coronovirus) while feverishly preparing to launch an official digital currency.

Right after this, there were 2 draft bills proposed, which were called the “Take Responsibility for Workers and Families Act” and the “Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Ac.”

These 2 bills contained provisions for the Federal Reserve – the privately owned US central bank which is neither “federal” nor a “reserve” of anything – to use a digital dollar and digital wallets to send payments to qualified individuals consisting of $2000 to adults and $1000 to minors.

Both bills employed identical language around the digital dollar suggestion. Yesterday (Monday March 23rd 2020), the digital dollar provision was taken out of the first bill (Take Responsibility for Workers and Families Act), however this clearly goes to show where things are headed.

In a crisis, with people in fear, anything is possible for a ruling class bent on consolidating and centralizing power.

Coindesk reports:

““The term ‘digital dollar’ shall mean a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System),” the bills read.

“In the long term, the card infrastructure should be converted into a permanent, Treasury – administered digital public currency wallet system, to serve as a privacy – respecting ‘eCash’ complement to universal Fed Accounts and/or Postal Bank Accounts for All,” the bill reads.”

USG Digital Currency Spells the End of Financial Privacy

The proposed digital dollar is a continuation of the cashless agenda which seeks to eliminate cash completely. The coronavirus crisis has been used all over the world to promote this agenda.

Both Chinese authorities and the WHO (World Health Organization) director claimed that using cash could spread the virus, a largely evidence – free and flimsy assertion whose motive is quite transparent.

Although a digital dollar may sound appealing to many people, it is crucial to understand the power this would give to government.

In a society where cash were gone and every single transaction were digitized, it would mean that every single economic act by each person would be automatically recorded by the technocratic rulers, who would be able to inspect, monitor and analyze these transactions.

Read More @ HumansAreFree.com