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Thread: New Coronavirus Stimulus Bill Introduces Digital Dollar And Digital Dollar Wallets

  1. #1

    New Coronavirus Stimulus Bill Introduces Digital Dollar And Digital Dollar Wallets

    https://www.forbes.com/sites/jasonbr...ollar-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...



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  3. #2
    Looks like Revelations is finally arriving .

  4. #3
    Pelosi's bill won't get through the Senate unless McConnell caves (possible, I don't know...)

  5. #4
    I guess the big question is, will Prez Trump sign onto this cashless society & govs ability to cut us off from our bank funds?
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?

  6. #5
    Quote Originally Posted by RonZeplin View Post
    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?
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  7. #6
    Quote Originally Posted by JoshLowry View Post
    I can't be the only one wondering about false-positives, or the possibility of another demented democrat tampering with his test result.

  8. #7
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  9. #8
    Quote Originally Posted by pcosmar View Post
    https://id2020.org/

    Do you have a license to ask that question on this device?
    Reported & +rep
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?



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  11. #9
    Quote Originally Posted by pcosmar View Post
    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.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  12. #10

    EPJ: Democrats Attempting to Use Coronavirus Panic as Opportunity to Create Digital Dollar


  13. #11

    Lightbulb Corona virus Stimulus bill creates new "digital dollar"

    __________________________________________________ ________________
    "A politician will do almost anything to keep their job, even become a patriot" - Hearst

  14. #12

    coronavirus bill to make crypto Fed USD coin

    https://www.forbes.com/sites/jasonbr.../#1f8b3bc34bea

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


    Nope!
    “…let us teach them that all who draw breath are of equal worth, and that those who seek to press heel upon the throat of liberty, will fall to the cry of FREEDOM!!!” – Spartacus, War of the Damned

    BTC: 1AFbCLYU3G1dkbsSJnk3spWeEwpqYVC2Pq

  15. #13
    Not worried, it will not pass. The new money comes later, this is to instill more fear. Watchmen, watch.
    "No one is useless in this world who lightens the burdens of another.” ~ Charles Dickens

  16. #14
    According to Forbes the Pelosi bill no longer includes the "digital dollar" language but the Waters bill still does.
    Chris

    "Government ... does not exist of necessity, but rather by virtue of a tragic, almost comical combination of klutzy, opportunistic terrorism against sitting ducks whom it pretends to shelter, plus our childish phobia of responsibility, praying to be exempted from the hard reality of life on life's terms." Wolf DeVoon

    "...Make America Great Again. I'm interested in making American FREE again. Then the greatness will come automatically."Ron Paul

  17. #15
    Gold & Silver are real money, FRN's are fake playdough. TP will soon surpass the dollar in value.



    Strategic Toilet Paper Reserves, Fort Knox
    Quote Originally Posted by Swordsmyth View Post
    You only show up to attack Trump when he is wrong
    DACA S**thole Dreamers - Make America Great Again?

  18. #16
    Quote Originally Posted by devil21 View Post
    "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.



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  20. #17
    Quote Originally Posted by Grandmastersexsay View Post
    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.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  21. #18
    Quote Originally Posted by JoshLowry View Post
    Who Isn't these days..

    I wish him a speedy recovery..
    Liberty is lost through complacency and a subservient mindset. When we accept or even welcome automobile checkpoints, random searches, mandatory identification cards, and paramilitary police in our streets, we have lost a vital part of our American heritage. America was born of protest, revolution, and mistrust of government. Subservient societies neither maintain nor deserve freedom for long.
    Ron Paul 2004

    Registered Ron Paul supporter # 2202
    It's all about Freedom

  22. #19
    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

  23. #20
    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

  24. #21
    They are calling it a "FEDAccount"

    - ML

  25. #22
    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.
    Last edited by devil21; 03-25-2020 at 08:03 AM.
    "Let it not be said that we did nothing." - Ron Paul

    The entire internet is the domain of paid shills and bots. If you don't know this by now....

    Israel, under control of the Crown and, ultimately, the Vatican, own the USA. If you don't know this by now....

    Talk to people about liberty. You won't find it on websites, you won't find it in politicians.

    But now you can't talk to people because of "social distancing"....brought to you by shills and politicians.

  26. #23
    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.



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