Secretary Janet Yellen and the United States Treasury have renewed their calls for an American digital digital, aka. central bank digital currency (CBDC).
[The Treasury urges continued] policy and technical work on a potential central bank digital currency (CBDC) so the United States is prepared if a CBDC is determined to be in the national interest.The Treasury departments said in a statement
Former Federal Reserve Chair and Treasury Secretary Janey Yellen is in agreement:
Some aspects of our current payment system are too slow or too expensive.
The U.S. Federal Reserve has already been at work creating a digital dollar, as The WinePress reported in June of last year that Congress was calling upon the Fed to make this digital dollar. Moreover, in March of this year The WP again reported on an executive order from President Biden to help bring these plans to fruition:
Citing a report from the Atlantic Council, The Trends Journal reports that ‘105 countries responsible for 95 percent of the world’s economic productivity are developing or have created a CBDC.’
Again, The WinePress has reported on some of the ones are launched or being trialed:
Jamaica Becomes First Country To Make Central Bank Digital Currency Legal Tender
Thailand To Trial Retail CDBC By The End Of 2022
Current Fed Chair Jerome Powell has said that U.S. needs to fully research and understand the technicalities behind this new centralized cryptocurrency, because the dollar is still the world’s reserve currency.
At the same time bills are being proposed in the House right now, according to The TJ, to regulate these decentralized cryptocurrencies (i.e. Bitcoin, Ethereum, Solana, Tether, Dogecoin, Dash, etc.).
In recent months, substantial turmoil in cryptocurrency markets highlight how, without proper oversight, cryptocurrencies risk harming everyday Americans and our national security.
This administration believes that, now more than ever, prudent regulation of cryptocurrencies is needed.
Brian Deese, director of the National Economic Council, told a recent press briefing.
And again, The WP has recently reported on how the U.S.’ and Australian commerce committees are posturing to regulate cryptos already:
Australian Securities and Investments Commission Looks To Mitigate Larger Cryptocurrencies
The Trends Journal gives their forecast on what they believe will transpire:
Back on 24 March 2020, when the COVID War was rapidly escalating, we warned that the United States was going to use the coronavirus scare as an entry point to go from “Dirty Cash to Digital Trash.”
And we noted that just as easily as the masses obediently obeyed their masters and marched off to the COVID War, so, too, when nations introduce digital currencies, they will readily accept them.
And two-and-a-half years later, here we are. Most importantly, in a digital cash world, governments will know who spent what, where, and on what, thus enabling them to steal every penny they can from the workers of Slavelandia in the name of taxes and know everything you bought in the name of national security.
AUTHOR COMMENTARY
Unfortunate but true: the masses will follow in lockstep to accept these new digital currencies, as the masses basically already are, as the The TJ has pointed out.
Let it be known that the Feds already have a functioning CBDC: all of this government theater is just a formality. The Feds are waiting for the right time to pull the plug on the current system, and then introduce their new solution after the fallout. When people lose it all and cannot legally claw out of their ditches they dug, the Fed will offer their “final solution.” People will fall for it hook, line, and sinker: Problem. Reaction. Solution.
And because the masses idolize their phones and vanity-driven social networks, the pseudo-convenience and slothfulness as well, the masses will accept it; as will they accept social credit, carbon calculators, food IDs, internet IQs and more:
To have respect of persons is not good: for for a piece of bread that man will transgress.
Proverbs 28:21
[7] Who goeth a warfare any time at his own charges? who planteth a vineyard, and eateth not of the fruit thereof? or who feedeth a flock, and eateth not of the milk of the flock? [8] Say I these things as a man? or saith not the law the same also? [9] For it is written in the law of Moses, Thou shalt not muzzle the mouth of the ox that treadeth out the corn. Doth God take care for oxen? [10] Or saith he it altogether for our sakes? For our sakes, no doubt, this is written: that he that ploweth should plow in hope; and that he that thresheth in hope should be partaker of his hope. (1 Corinthians 9:7-10).
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