Fed Looking to Create Its Own Digital Currency

 When people ask us about digital currency and whether its a "good investment" we simply tell the truth that we haven't a clue.  In the short term there were billions of dollars to be made in cryptos.  Try telling the Bitcoin millionaires that all just moved to Puerto Rico with bitcoin wallets worth millions that 'cryptos are going to be a bad investment."

But here is what we do know;  Over the long term, there is NO WAY that the governments of the world are going to allow a currency to rule the world that THEY aren't in control of.  I have always guessed that the US government is going to allow the private sector to figure out all the bugs of running crypto currency and then will come up with their own and shortly after that will declare all transactions in any crypto other than THEIRS to be illegal.  Along with that they will empower whistleblowers to turn in employers caught transacting in cryptos.

We know that the cashless society IS COMING and headlines like these confirm that the writing is already on the wall.

First Steps - Fed Moving Closer To Creating US Digital Currency

The Federal Reserve has released a long-awaited review of the potential for creating a central bank digital currency or CBDC. The report represents a signfigant first step in moving forward with the concept and is now going through a public review period where people will be invited to respond to questions put forward in the report. 

From the moment bitcoin and other cryptocurrencies first emerged, sold as an independent and alternative medium of exchange outside the financial status quo, it was only a matter of time before the new alternative would be absorbed, modified and redeployed in service of the state.

For many government officials who want to maintain control of the financial system, "Central Bank Digital Currencies": are the mainstream answer to bitcoin.

For those who have never heard of them, "Central Bank Digital Currencies" (CBDCs) are exactly what they sound like, digitized versions of the pound/dollar/euro etc. issued by central banks.

Like bitcoin (and other crypto), the CBDC would be entirely digital, thus furthering the ongoing war on cash. However, unlike crypto, it would not have any encryption preserving anonymity. In fact, it would be totally the reverse, potentially ending the very idea of financial privacy.

The countries where the idea of digital currency has progressed the furthest are China and the UK. The Chinese Digital Yuan has been in development since 2014, and is subject to ongoing and widespread testing. The UK is nowhere near that stage yet, but Chancellor Rishi Sunak is keenly pushing forward a digital pound that the press are calling "Britcoin".

Other countries, including New Zealand, Australia, South Africa and Malaysia, are not far behind.

The proposals for how these CBDCs might work should be enough to raise red flags in even the most trusting of minds.

Most people wouldn't like the idea of the government monitoring "all spending in real-time", but that's not the worst of it.

By far the most dangerous idea is that any future digital currency should be "programmable". Meaning the people issuing the money would have the power to control how it is spent.

That's not an interpretation or a "conspiracy theory", here is a quote from Agustin Carstens, head of the Bank for International Settlements, speaking earlier this year:

The key difference with a CBDC is that the central bank would have absolute control on the rules and regulations that will determine the use of that expression of central bank liability, and then have the technology to enforce that."

Here;  First Steps - Fed Moving Closer To Creating US Digital Currency (prophecynewswatch.com)

Let's remember friends that WE ARE THE VERY FIRST GENERATION to have the technology available to make the prophesies of the Bible come true!

When you see ALL THESE THINGS BEGINNING TO HAPPEN then look up into the sky because that's where you'll see me coming in great glory to summon my bride into the clouds.  Encourage each other!  (total paraphrase but you get the idea)