Cashless Society Coming Soon? The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American”

A group of young people discuss the concept of central bank digital currency. Holographic futuristic screen with the inscription CBDC

By Brian Shilhavy,

The Globalists want a cashless society so that they can remove any shred of privacy people still have, and have complete control over the monetary system. COVID is being used to rush these plans into place.

This week, Tyler Durden, writing for ZeroHedge, reported that there is proposed legislation now for “Central Bank Digital Currencies” where every person in America would have a digital account where these digital currencies would be deposited during pandemics.

Cleveland Fed president Loretta Mester delivered a speech to the Chicago Payment Symposium titled “Payments and the Pandemic“, in which after going through the big picture boilerplate, Mester goes straight to the matter at hand.

In the section titled “Central Bank Digital Currencies”, the Cleveland Fed president writes that “the experience with pandemic emergency payments has brought forward an idea that was already gaining increased attention at central banks around the world, that is, central bank digital currency (CBDC).”

And in the shocking punchline, then goes on to reveal that “legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments.

But wait it gets better, because in launching digital cash, the Fed would then be able to scrap “anonymous” physical currency entirely, and track every single banknote from its “creation” all though the various transactions that take place during its lifetime.

And, eventually, the Fed could remotely “destroy” said digital currency when it so decides.

Oh, and in the process the Fed would effectively disintermediate commercial banks, as it would both provide loans to US consumers and directly deposit funds into their accounts, effectively making the entire traditional banking system obsolete. (Source.)

Here’s the whole article from ZeroHedge which is well worth reading in its entirety.

In Unprecedented Monetary Overhaul, The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American”

by Tyler Durden
ZeroHedge.com

Over the past decade, the one common theme despite the political upheaval and growing social and geopolitical instability, was that the market would keep marching higher and the Fed would continue injecting liquidity into the system.

The second common theme is that despite sparking unprecedented asset price inflation, prices as measured across the broader economy – using the flawed CPI metric and certainly stagnant worker wages – would remain subdued (as a reminder, the Fed is desperate to ignite broad inflation as that is the only way the countless trillions of excess debt can be eliminated and has so far failed to do so).

The Fed’s failure to reach its inflation target – which prompted the US central bank to radically overhaul its monetary dogma last month and unveil Flexible Average Inflation Targeting (or FAIT) whereby the Fed will allow inflation to run hot without hiking rates – has sparked broad criticism from the economic establishment, even though as we showed in Junedeflation is now a direct function of the Fed’s unconventional monetary policies as the lower yields slide, the lower the propensity to spend.

In other words, the harder the Fed fights to stimulate inflation, the more deflation and more saving it spurs as a result (incidentally this is not the first time this “discovery” was made, in December we wrote “One Bank Makes A Stunning Discovery – The Fed’s Rate Cuts Are Now Deflationary“).

Continue reading the entire article at ZeroHedge.com

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3 thoughts on “Cashless Society Coming Soon? The Fed Is Preparing To Deposit “Digital Dollars” Directly To “Each American””

  1. Take your digital dollar and shove it where the sun doesn’t shine. Slave system meant to track your every transaction and will even have the power to drain your account for violations against the new technocracy and their insane rules of enslavement. Don’t be stupid America! There is never a free lunch and if it seems to be too good to be true…….

    Reply
    • WE UNDERSTAND WHAT YOU SAY, THE BIBLE ITSELF WARNED HUMANITY OF WHAT WAS GOING TO HAPPEN ON THE LAST DAYS, HOWEVER IF YOU ARE A CHRISTIAN OR NOT YOU JUST CAN NOT AVOID GOING INTO THE SYSTEM.

      BECAUSE NON OF US KNOW WHEN JESUS CHRIST IS GOING TO TAKE HIS CHURCH BACK WITH HIM AND THEN RETURN TO PLANET EARTH.

      IF WE KNEW WHEN CHRIST COMES BACK WE ALL COULD PREPARE FOR HIS RETURN AND STILL BE PHYSICALY HEALTHY BECAUSE WE WOULD SUPPLY OURSELVES WHITH OUR NEEDS TO JUST WAIT FOR HIS RETURN, THAT IS WHY HE GAVE US THE PARABLE OF THE VIRGINES THAT SOME WILL WAST THEIR OIL AND NOT BE READY TO LIGHT UP THEIR LAMPS WHEN JESUS CHRIST COMES SO THAT THEY CAN GO AND MEET HIM……..

      I HAVE KNOWN OF THE CASHLESS SYSTEM EVER SINCE BACK IN THE EARLY 1970’s BY THEN SOME SMALL COMMUNITIES WERE ALREADY BEEN TRAINED TO LIVE UNDER THE SYSTEM ACORDING TO THE INFORMATION I WAS GETTING THAT WAS IN CANADA. AND THEY WERE SEEN THAT CRIME WAS NON EXCISTENT, AND PEOPLE WOULD GET USED TO NOT HAVEING CASH MONEY IN THEIR POCKETS.

      AND WE KNOW HOW MUCH OF A SOCIALIST NATION CANADA HAS BEEN FOR A VERY LONG TIME SO THAT IS NOTHING NEW. WITH ONLY LESS THAN 50 MILLION CITIZENS TO LAST COUNT I HEARD A FEW YEARS AGO, IS NOT HARD TO TRAIN PEOPLE TO FALL INTO A GODLESS SYSTEM BECAUSE THAT IS THE FIRST THING SATAN REMOVES CHRISITANITY.

      THE Y2K WAS THE SCARE THAT HAD TO BE USED IN AMERICA IN ORDER TO MAKE SURE THAT ALL NON-JEW AND CHRISTIAN AMERICAN CITIZENS THAT HAD THEIR OWN BUISNESS COULD BE SCARED ENOUGH TO MAKE THEM GET INTO THE SYSTEM NOW WE ARE USED TO WHICH IS THE DEBIT CARD READERS.

      BECAUSE CHRISTIANS KNEW THAT COMPUTERS WERE A SATANIC TOOL THAT WAS GOING TO BE USED TO BRING US TO WHERE WE ALL ARE TODAY WITH NOT PERSONAL PRIVACY ANY MORE BECAUSE THESE GODLESS JEWS WHO EXPECTED TO BE THE TOP DOGS AT THE TOP OF THE FOOD CHAIN WANTED THEIR WET DREAM OF A NWO TO BE PUT TOGETHER ONE WAY OR ANOTHER. THEY HAD CONTROL OF ALL INFORMATION, GOVERNMENT, EDUCATION SYSTEM, BAMKING SYSTEM, LARGE CORPORATE SYSTEM WHICH IS MORE THAN 45,000 CORPORATIONS AROUND PLANET EARTH THEY CONTROLED OUR ENTERTEINMENT SYSTEM AT ALL LEVELS, INCLUDING THE MONEY PRINTING PLATES TO CREATE CURRENCY FROM THIN AIR.

      SO WE HAD NO CHANCE TO GET OUT OF UNLESS GOD WOULD STOP THEM IN ORDER TO BRING ABOUT WHAT HE WANTED A GREAT SPIRITUAL REBIBLE, GIVING HUMANITY THE SAME OPPORTUNITY THAT GOD GAVE TO THE BIBLICAL HEBREWS WHO EVEN UP TO NOW LARGEST % OF SO CALLED CHRISTIANS DON’T EVEN KNOW THAT THEY HAVE BEEN SUPPORTING SATANS AGENDA BY PROTECTING THE WRONG PEOPLE OF GOD.

      THE FACTS ARE THAT JESUS CHRIST WAS A BLACK MAN NOT A HOMOSEXUAL LOOKING WHITE MAN WITH BLOND HAIR AND BLUE EYES.
      AND ALL SHEMS TRIBE WERE BLACK SKIN NOT WHITE, THE REASON WHY SO CALLED CHRISTIANS WILL BE HARD TO SWALOW THIS RED PILL IS BECAUSE OF THE DEEP INDOCTRINATION THAT FALSE JEWS PUT THEM UNDER FOR SO MANY DECADES OF THE JEWS INFITRATION INTO THE HOUSE OF WORSHIP, GOD WANED US TO BE AWARE OF THE FALSE TEACHERS, AND FALSE PROPHETS, BECAUSE THEY WERE GOING TO COME AND STEAL, AND DESTROY THE LORD’S PEOPLE (SHEEP).

      BECAUSE THEY GO NOT TO HEAR THE WORD OF GOD BUT TO BE ENTERTAINED WITH ALL THE ENTERTAINMENT AND MUSIC THAT FALSE PREACHERS CREATE INSIDE THE CHURCH TO BRING THE WOMEN AND WOMEN BRING THE IDIOTS THAT DO NOT WANT TO BE THERE TO BEGIN WITH BUT SINCE THEY WANT TO KEEP THEIR WIFES, GIRLFRIENDS AND OTHERS LOOKING FOR GIRL FRIENDS HAPPY IS HOW THEY GET ROUNDED UP TO BE FINANCIALY SCALPED AND INDOCTRINATED INTO THE OLD TESTAMENT AGAIN, BECAUSE THEY LOVE TO POINT OUT MIRICALES OF GOD IN THE OLD TESTAMENT THAT ARE SUPER NATURAL MORE SO THAN THE NEW TESTAMENT AMD THE OLD TESTAMENT HELPS THEMSELVES TO COLLECT DONATIONS WHERE IN THE NEW TESTAMENT CHRIST NEVER SAID TO COLLECT DONATION IN ORDER TO HEAR HIS WORD.

      THAT IS WHY WHEN THE TEMPLE PHARESIAH ASKED PETER IF HIS MASTER WOULD PAY THE TAX OF THE TEMPLE , PETER DID NOT KNOW HOW TO ANSWER SO CHRIST TOLD PETER FROM WHOM DO THE KINGS OF THE EARTH COLLECT THEIR TAXES FROM HIS SONS AND DAUGHTERS OR FROM THE REST OF THE PEOPLE ?

      HE TOLD PETER BUT NOT TO BE A STUMBULING BLOCK GO BY THE SIDE OF THE SEA AND THERE YOU WILL FIND A PEARL BRING IT IN TO PAY THE TAX. PARAFRACING OF MY OWN.

      THAT IS WHY CHRISTIANS SHOULD NOT HAVE TO SUPPORT PREACHERS ANY MORE UNLESS YOU OUT OF YOUR OWN HEART WANTS TO HELP THEM FINANCIALY IF THE PREACHER HAS NO OTHER WORK BECAUSE HE IS TO OLD AND HAVE TO SUPPORT HIS FAMILY WE ARE TO HELP ONE ANOTHER, BUT WHEN A CRIMINAL SHEEPGOAT PREACHER IS YOUNG AND LIVING LIKE A KING OUT OF ALL THE MONEY THEY SCALP THE SHEEP FROM THEIR MONTHLY BUDGET THAT COULD HELP HIS OWN FAMILY LIVE IN A MORE DIGNIFIED MANNER THE PREACHER DOES NOT CAR ABOUT THAT THEY JUST PUT YOU UNDER A GUILT TRIP TO MAKE YOU SHARE YOUR BURDEN WITH THEM AND HELP THEM BUY AIRPLANES AND EXPAND THEIR KINGDOMS TO GET MORE MONEY.

      Reply
  2. Cashless digital monies is just one step.

    Vaccines are being created to reduce the population to 90%. The other 10% will be used to make clones. Sold to greedy corporations, clones will be purchased and used as slaves whom the corporation will not have to pay as employees are paid. So, again, we are slowly being lied to and manipulated to make a few very, very, very rich and powerful with the absolute control of humans and finances through digital accessing and creation of clones – glamorized by Hollywood to make it appear desirable.

    FIRST the mask and 6-ft distancing

    Sell to the public Vaccines for DIGITAL MONEY ACCESSING and absolute control of our lives, all of which is vital to their population reduction agendas, along with Round-Up, insecticides, Chemtrails, toxic medicines, etc., etc.,etc.

    And the stage is set for CLONES for purchase – ownership by corporations to replace employees.

    Reply

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