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Question for Catherine: IF push for CBDC succeeded, God help us all, would all individual deposits in credit unions also be absorbed in addition to deposits in banks? I have not understood you to advise that ALL money saved be converted to precious metals. Am I correct? BTW- Texas legislature is currently in session ( they only meet every two years); I understand there is a UCC changes bill that has been submitted. Have not heard anything discussed about it on conservative radio or conservative sources. Concerns me a lot.
I haven’t listened yet but I did a search for FedNow Sacramento and found this article from 2021. It’s interesting that SVB and First Republic are two of the five banks listed as test sites.
https://www.pymnts.com/news/faster-payments/2021/five-banks-test-fednow-real-time-payments-system/
Seeing an unsupported error from Media Player Windows 11 with downloaded MP4. 0x80004005 looks like error number. Have been downloading successfully for more than a year w/o errors. “Unsupported encodings”..
Downloaded four different times. I’m a programmer..
Catherine, the consolidation is happening and has nothing to do directly with CBDC. This will be a wealth transfer time and general public is not ready to understand. Very sad to see.
>>>> https://www.youtube.com/watch?v=2XbVC8MrIek
>>>> https://www.youtube.com/shorts/Q458RUk58e0
Manipulation in action. For many others, this has been a huge money making time.
Darn, video is not working for me.
It must be really good.
Me too.. I get a very colorful psychedelic screen.
That’s what I was thinking!!!
Catherine, (corrected the link, sorry)…
I don’t think that people understand the implementation of a federal digital currency. All the propaganda is to confuse the population unfortunately.
But, I am glad you have been discussing CBDC in this platform.
The Fed Reserve will at some point –absorb the liabilities of all banks deposits (from individuals and businesses) — to make us believe that “it will be the solution” to “insolvency in the banking system” instead of saying they will implement a CBDC – since people are so concern about it. But, once they absorb the deposits, they will make all business to share the “detail information of all we buy and how we transact.” Basically, they are creating “fear” to make us accept a new fed reserve backed digital system via the new reset. If we accept that, just like we did with the pandemic mandates – it is the beginning of losing freedoms of mobilization.
Now, during the pandemic, they forced vaccination via “giving free money” (credit card gifts, etc) as incentives. I experienced that at the higher education level, sadly to say. For me, it didn’t seem appropriate “to bribe students” to get a jab. In this case, as people suffer with inflation and lack of money and credit, the Fed Res will give away free digital stimulus $$$ to businesses and individuals for them to get on the new ‘safer’ digital system. They have 2023-24 to finalize it as new elections “might postpone” farther this implementation and people will begin to know more.
Like you said Catherine, this is coming up so fast that people will not be able to assimilate it fully by June-July, not even politicians. Education has been lacking indeed.
Please, —-watch this video, I think he does a good job explaining:
>>>> https://www.youtube.com/watch?v=nsAUXmIjU1o&t=420s <<<<