Central Bank Digital Currencies (CBDCs)

Reader comment:

Digital Currency...Federal Reserve...Congress’s abdication of their power...

Can you please find any laws/regulations/power transfers since 2018/2019 that can show us how they are going to impose a Digital (programmable) central Bank/Fed Reserve currency on us?

I think the hour is very late...and it is coming with the speed of a freight train...

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My reply

The main one I'm aware of is Executive Order 14067, issued by Biden March 9, 2022 and published in Federal Register March 14, 2022.

Biden gave orders to Secretary of Treasury, Chairman of Board of Governors of Federal Reserve, Secretary of State, Attorney General, Secretary of Commerce, Secretary of Homeland Security, Director of the Office of Management and Budget, Director of National Intelligence, and the heads of other relevant agencies, to look into CBDCs and report back about how to bring them about.

Secretary of Department of Commerce released a report Sept. 2022.

So did Office of Science and Technology.

There are probably other reports from other departments; I haven’t looked for them.

Those events are coupled with the NY Fed test run announced recently (Nov. 15, 2022), involving 10 banks for 12 weeks.

There's a good case to be made that the orchestrated implosion of FTX (Nov. 11, 2022) and other decentralized cryptocurrency systems earlier this year, were preparatory steps.

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Transverberation of St. Teresa of Avila with the Holy Family and St. John of the Cross. Painting by Giuseppe Maria Collignon