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1st Timothy 6:7-10 “For we brought nothing into this world, and it is certain we can carry nothing out. And having food and raiment let us be therewith content. But they that will be rich fall into temptation and a snare, and into many foolish and hurtful lusts, which drown men in destruction and perdition. For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.”
“If the American people ever allow private banks to control the issue of their currency first by inflation then by deflation the banks and corporations that will grow up around them will deprive the people of all property until their children wake up homeless on the continent their Fathers conquered… I believe that banking institutions are more dangerous to our liberties than standing armies… The issuing power should be taken from the banks and restored to the people to whom it properly belongs.” Thomas Jefferson
Federal Reserve is taking the next step toward possibly launching a digital dollar
The Federal Reserve is taking the next step in weighing whether to launch a U.S. digital currency, issuing a report Thursday that explores the potential benefits and drawbacks of such a move without indicating where it will land.
They are not exploring. They already have the system ready to deploy with the click of a mouse!
The central bank is asking the public to provide feedback on the question over the next 120 days. And it said that in any event, it would only seek to create a digital currency with “clear support” from both the executive branch and Congress.
“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chair Jerome H. Powell said in a statement accompanying the report.
Here is my feedback. Screw you and your Mark of the Beast System!
Top Fed officials themselves so far have appeared divided on the matter. Powell last year said the project would need to demonstrate “clear and tangible benefits that outweigh any costs and risks.”
Lael Brainard, a member of the central bank’s Board of Governors who was recently nominated by President Biden to become the Fed’s No. 2 official, has signaled more interest. She has framed the issue both as a competitive imperative for the U.S. internationally — China adopted its own central bank digital currency last year — and an opportunity to extend benefits to lower-income Americans who struggle to access the financial system.
Other liberal advocates of a digital dollar have focused on its potential to get cash quickly to Americans in financial straits who lack bank accounts, a need highlighted by the challenge the federal government faced distributing relief money during the pandemic.
The Liberal Advocates are Communist Democrats and R.I.N.O Republicans!
The specter that a government-issued digital dollar would open the door to the Fed offering banking services to consumers has drawn objections from the banking industry. Commercial banks have raised alarms that the move could drain their deposits and destabilize financial markets. And while the Fed, in the Thursday paper, avoids firm conclusions about how it would proceed, it suggested it does not favor offering accounts directly to consumers.
“Such accounts would represent a significant expansion of the Federal Reserve’s role in the financial system and the economy,” according to the report. Instead, the central bank indicated it would favor letting private companies offer digital wallets that would let consumers hold and spend the currency.
Permit me to issue and control the money of a nation, and I care not who makes its laws! and “Let us control the money of a nation, and we care not who makes its laws” Attributed to the House of the Rothschild’s
The report comes amid an explosion in the market for stablecoins, cryptocurrencies whose prices are pegged to an external asset such as the dollar. The private companies issuing those tokens market them as a safer alternative to other, better-known cryptocurrencies, such as Bitcoin and Ether, that have experienced wild price gyrations. At the moment, stablecoins are primarily used by investors to facilitate trades among different crypto assets. But their backers argue they hold the potential to become a widely adopted means of payment.
But top regulators say stablecoin issuers lack adequate controls on the size and quality of their reserve holdings, inviting the risk of a sort of bank run if there’s a sudden demand for redemptions. A group of regulators led by the Treasury Department in November called for imposing bank-like rules on stablecoin companies.
Powell has said a U.S. digital currency and stablecoins can coexist. The Fed’s report said a U.S. digital currency could “spur innovation by banks and other actors and would be a safer deposit substitute than many other products, including stablecoins and other types of nonbank money.”
The central bank also noted that it would not expect a Fed-backed digital currency to replace physical cash. “The Federal Reserve is committed to ensuring the continued safety and availability of cash,” the report said, adding the bank would view a digital currency “as a means to expand safe payment options, not to reduce or replace them.” Source MSN.com
So what is the Federal Reserve? It has NOTHING to do with the American Federal Government.
If you go to the store to buy Meat, don't run to the Milk section or the Junk Food aisle looking for it!!
The Meat Section is the True Gospel of Jesus Christ.
The Milk Section is likened to those who will not preach on sin and Hell, just a feel good message, the Social gospel.
The Junk Food Isle is the outright false doctrine AKA the prosperity gospel, name it and claim it, the Hebraic Roots movement and other false teachings!!
Feasting on just Milk and Junk will eventually cause you great harm, you can count on it!!
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