President Biden admitted recently that the coming ‘New World Order‘ will soon force a digital currency on everybody which will completely replace the traditional U.S. dollar.
On March 9, the Biden administration released an executive order (EO) instructing a long list of federal agencies to study digital assets and to report back to him about their use and proposals to regulate them. Much of the executive order is focused on cryptocurrencies such as bitcoin and ethereum, which run on blockchain technology.
But there is an even more sinister aspect of the EO that has been completely ignored by the mainstream media: President Biden has instructed the federal government and Federal Reserve to lay the groundwork for a new U.S. currency, a digital dollar that can be tracked and controlled by the government.
Thehill.com reports: If the United States were to adopt a digital currency like the one discussed in Biden’s executive order, it would be one of the most dramatic expansions of federal power ever made, one that could put individuals and businesses in grave danger of losing their social and economic freedoms.
Among other important actions, the White House executive order directs several federal agencies, including the Treasury Department, to study the development of a new central bank digital currency (CBDC) and to produce a report within 180 days of the EO discussing the potential risks and benefits of a digital dollar.
The order further directs the Treasury Department, Office of the Attorney General and Federal Reserve to work together to produce a “legislative proposal” to create a digital currency within 210 days, about seven months.
A digital dollar would not merely be a digital version of the existing U.S. dollar, but rather an entirely new currency that would, at least at first, exist alongside today’s currency. Similar to cash, the CBDC would be used to pay for goods and services and would likely be managed by the Federal Reserve, the central bank of the United States.
Unlike the current dollar, though, a central bank digital currency would not exist in physical form, meaning you wouldn’t be able to go to a bank or ATM and withdraw it.
It is important to understand that the digital dollar would not be similar to cryptocurrencies like bitcoin. Cryptocurrencies operate on blockchain technology, which is decentralized by design. No group or individual can truly control cryptocurrencies once they are launched.
Digital dollars, on the other hand, would be traceable and programmable. The Federal Reserve (or some other designated entity) would have the ability to create more digital dollars whenever it sees fit, and, depending on how the legislation is written setting up the currency, the dollars could be formulated to have various rules and restrictions built into their design.
For example, a digital dollar could be crafted to restrict fossil-fuel use, to give bonuses to people for spending at particular businesses, to enact de facto price controls by disallowing users from spending too much on particular products, or even to redistribute wealth.
In one report about the development of a central bank digital currency published by the Federal Reserve in January, the Fed outlined a few examples of possible “design choices” for a digital dollar, including that “a central bank might limit the amount of CBDC an end user could hold.”
There are many reasons to believe Biden’s plan for a digital dollar involves a design that will give the federal government and/or Federal Reserve control over much of society and the economy.
Biden’s executive order states that the CBDC and other policies governing digital assets must mitigate “climate change and pollution” and promote “financial inclusion and equity.”
In fact, “financial inclusion” is mentioned five times in Biden’s order, and “equity” and “climate change” are mentioned four times each.
Further, in a background call with reporters about the executive order, a “senior administration official” (the name was curiously removed from the White House transcript) promised that in creating a new digital currency, the Biden administration will “continue to partner with all stakeholders – including industry, labor, consumer, and environmental groups, international allies and partners.”
Why would labor unions, industry organizations and environmental groups be involved in the development of a new currency – unless, of course, there is a plan to program that currency to advance various causes special-interest groups care about?
Even more stunning, in a 2021 question-and-answer session about the development of a digital dollar, David Andolfatto, a senior vice president and economist in the St. Louis Fed’s Research Division, was asked whether the Fed could “assure us [the public] that these digital currencies won’t ever be used to tell us when, how or where our money can be spent?”
“In life one can’t give absolute assurances of anything,” Andolfatto responded before suggesting that “the best we can hope for” is for Congress to “respond to the electorate’s concerns” about privacy.
If the Fed has no plan to use a future central bank digital currency to control Americans’ behavior, Andolfatto’s response is incredibly bizarre, to say the least.
It’s clear that the Biden administration and Fed are working together to create a controllable, traceable, programmable digital currency. And if they are successful, life in America might never be the same.
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Our freedoms are slowly being removed. We’re taxed from birth to the grave, and folks it’s going to get a lot worse. We could shut this nation down if we all stayed home for two weeks. No travel, no eating out, no nothing. Just stay home except essential people only. They’d panic, prices would plummet, and the media would go crazy. Wanna see why all this crap is happening? Read 2nd Timothy 3 I-7. You’ll then understand. God bless America.
All this means is now the government will have access to our money. Vote a certain way and whoops tomorrow you have no money and no proof where it went.
You hit it right on the nail. There is no way to stop this but we can have a relationship with Jesus, we can turn away from our sins repent and follow his instructions, He is the way the life and the truth, there is no life without the Son! So what I am saying is find a Sabbath keeping Church get in a Bible study and start following the ten commandments, we are in the end times people, it’s time to wake up from our slumber!! God bless you all..
He is turning us into a Socialist nation. Compare us to China now. His “handlers” are doing this. He can’t even remember his last speech. Terrifying “new world.”
I would rather starve to death than take their filthy digital chip.
Because I know, all the living with the digital ID chip, in their formerly human bodies, will envy the dead.”
Plot Twist: These digital devices are the chips.
The separation of sheep from goats continues.
Agreed. The saving grace is that the CBDCs will initially roll out in parallel with the paper dollars. Hopefully there will be massive consumer rejection of the CBDC. They will probably try to bribe the public (with food) to accept the CBDC, but anyone not starving will refuse the offer.
In the meantime, we all must find local retailers that will accept analog dollars (and Bitcoin) and support them,
That’s the problem though, we’re getting to the point that massive citizen rejection doesn’t mean anything. The Socialist commie DemoNoncRATic regime is forcing stuff already regardless of resistance from the masses. They care NOTHING for America and American’s especially Christian American’s.