New Coronavirus Stimulus Bill Introduces Digital Dollar And Digital Dollar Wallets

[JoshLowry]

https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/


Both Speaker Pelosi’s ‘Take Responsibility for Workers and Families Act’ and the ‘Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321),’ introduced by Chairwoman Maxine Waters of Financial Services Committee, introduced these concepts today as a way of delivering the economic stimulus payments to U.S. citizens.

And Rand is quarantined...

[oyarde]

Looks like Revelations is finally arriving .

[Warlord]

Pelosi's bill won't get through the Senate unless McConnell caves (possible, I don't know...)

[RonZeplin]

I guess the big question is, will Prez Trump sign onto this cashless society & govs ability to cut us off from our bank funds?

[pcosmar]

I guess the big question is, will Prez Trump sign onto this cashless society & govs ability to cut us off from our bank funds?

https://id2020.org/

Do you have a license to ask that question on this device?

[Valli6]

https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/

And Rand is quarantined...

I can't be the only one wondering about false-positives, or the possibility of another demented democrat tampering with his test result.

[devil21]

http://www.ronpaulforums.com/showthread.php?543210-World-Economic-Forum-debuts-Central-Bank-Digital-Currency-framework

[RonZeplin]

https://id2020.org/

Do you have a license to ask that question on this device?

Reported & +rep

[devil21]

https://id2020.org/

Do you have a license to ask that question on this device?

"Digital ID" is about globalizing the Vatican's Cestui Que trust-based false ALL CAPS NAME system, where everything and everyone is owned by the Vatican's trust (IN GOD WE TRUST doesn't mean what the sheep think it does). Digital is easier to manage. Some Pope thousands of years ago declared by papal bull that he owned everything and everyone as the living representative of God. This is how it is being implemented, after many years of conquest. Trustees are the title holders of all assets under the trust that the trustee administers.

[BortSimpson]

https://www.economicpolicyjournal.com/2020/03/democrats-are-attempting-to-use.htm

(https://www.economicpolicyjournal.com/2020/03/democrats-are-attempting-to-use.html)

[Matt Collins]

https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/#2d6b00404bea

[kpitcher]

https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/#1f8b3bc34bea

Everyone gets a wallet, USPS lets you cash in and out. Fed runs it.


Nope!

[donnay]

Not worried, it will not pass. The new money comes later, this is to instill more fear. Watchmen, watch.

[CCTelander]

According to Forbes the Pelosi bill no longer includes the "digital dollar" language but the Waters bill still does.

[RonZeplin]

Gold & Silver are real money, FRN's are fake playdough. TP will soon surpass the dollar in value.

https://external-content.duckduckgo.com/iu/?u=https%3A%2F%2Fsecureservercdn.net%2F198.71.233. 129%2Fd24.097.myftpupload.com%2Fwp-content%2Fuploads%2F2020%2F03%2Fstrategic-toilet-paper-reserves.jpg%3Ftime%3D1584240861&f=1&nofb=1

Strategic Toilet Paper Reserves, Fort Knox

[Grandmastersexsay]

"Digital ID" is about globalizing the Vatican's Cestui Que trust-based false ALL CAPS NAME system, where everything and everyone is owned by the Vatican's trust (IN GOD WE TRUST doesn't mean what the sheep think it does). Digital is easier to manage. Some Pope thousands of years ago declared by papal bull that he owned everything and everyone as the living representative of God. This is how it is being implemented, after many years of conquest. Trustees are the title holders of all assets under the trust that the trustee administers.

If that is the case, it is kind of funny how the Jews own everything.

[devil21]

If that is the case, it is kind of funny how the Jews own everything.

That's a deep topic but suffice it to say that the "Jews" are historically just the money-changers of Rome (good with numbers and money, a natural fit, and an easy scapegoat). Having said that, all influential sectors, including the Vatican, have been infiltrated and, over the years, taken over by a certain sect of "Jews" (though they take on whatever local customs and/or religion is necessary to carry out said infiltration) known as Sabbateans. Interesting but very complicated topic.

[pcosmar]

https://www.forbes.com/sites/jasonbrett/2020/03/23/new-coronavirus-stimulus-bill-introduces-digital-dollar-and-digital-dollar-wallets/



And Rand is quarantined...

Who Isn't these days..

I wish him a speedy recovery..

[Michael Landon]

It's in the new bill passed by the Senate.


529
ø(2) DIGITAL

1

WALLET.—The

term

2

‘‘digital dollar wallet’’ shall mean a digital wallet or

3

account, maintained by a Federal reserve bank on

4

behalf of any person, that represents holdings in an

5

electronic device or service that is used to store dig-

6

ital dollars that may be tied to a digital or physical

7

identity.¿
ø(3) MEMBER

8

BANK.—The

term ‘‘member

bank’’ means a member bank of the Board of Gov-

9

ernors of the Federal Reserve System.¿

10

ø(4) PASS-THROUGH

11

DIGITAL

DOLLAR

WAL-

12

LET.—The

13

means a digital wallet or account, maintained by a

14

member bank on behalf of a qualified individual,

15

where such qualified individual is entitled to a pro

16

rata share of a pooled reserve balance that the mem-

17

ber bank maintains at any Federal reserve bank.¿

term ‘‘pass-through digital dollar wallet’’

ø(5) QUALIFIED

18

INDIVIDUAL DEFINED.—The

19

term ‘‘qualified individual’’ means any individual

20

other than any nonresident alien individual.¿

Page 529

- ML

[Michael Landon]

Page 533


IN

1

banks are

2

hereby directed to establish and maintain pass-

3

through digital dollar wallets for all persons eli-

4

gible to receive payments from the United

5

States pursuant to this Act who elect to deposit

6

such payments into a pass-through digital dol-

7

lar wallet.¿
ø(B) SEPARATE

8

ø(i) IN

9

ENTITY.—

GENERAL.—Each

member

10

bank shall establish and maintain a sepa-

11

rate legal entity for the exclusive purpose

12

of holding all assets and maintaining all li-

13

abilities associated with pass-through dig-

14

ital dollar wallets.¿

15

ø(ii) ASSETS.—The assets of any enti-

16

ty described in this paragraph shall consist

17

exclusively of a balance maintained in a

18

master account at a Federal reserve bank,

19

and the liabilities or obligations of the enti-

20

ty shall consist exclusively of an equal

21

quantity of balances maintained by holders

22

of pass-through digital dollar wallets.¿
ø(iii)

- ML

[Michael Landon]

They are calling it a "FEDAccount"

- ML

[devil21]

Based on Landon's post, it's not much different than the current banking structure (pro-rata pooled assets under trusts, each customer assigned an account/wallet number) except it's the next step toward cashless and privacyless imaginary money and the balance is held at the Fed, instead of with the member bank itself. Member banks become merely storefronts of the "new" Fed. No bank runs, no failing member banks, all digital, all centrally tracked, all centrally maintained and controlled by the "new" Fed. Presumably, the NSA will have direct access to all info in a central location, probably the giant data center in Utah.

[rosenfield]

It scares me that Bitcoin has begun to correlate with the stock markets. I’m not sure that this is very good, he has always been for me as an independent defensive asset.