Economic tsunami, possibly this year - A cashless society, digital currency

[Ronald David Bruno]

Biden signed an Executive Order in March 2022 requiring a long list of government agencies: the FED, Treasury, Banks and numerous government officials, etc., to examine all aspects of digital currencies, strategies and plans, effects, the creation of our own digital currency CBDC (which would be up against Bitcoin and others digital currencies); and gave them 180 days to report back with all the information needed to put on the table and sort out. Well, times up as of a couple weeks ago. The goal is to go cashlesh and adopt a digital currency and btw, this movement is in accordance and agreement with the G7 (In other words, the next phase of the New World Order)!
Will this cause panic, loss of the value of our dollars saved as it is converted,
loss or serious depletion of our investments, etc.? Will they first get rid of the $100 bill, then restrict how much we can take out of the bank, even at some point freeze our accounts and close many banks that will eventually become obsolete? Is this another transfer of wealth in the trillions to the elites?
It just seems like Biden is a puppet who is leading the country into a downward spiral, a crash, bankruptcy and chaos. So much value in what we had has been lost through inflation just in the last two years. With all the government bailouts, the printing of nine trillion dollars, foreign donations (which translate into kickbacks to the elites), inflation and now two quaters of recession (with likely the rest of this year and next to get worse), we are not looking good.
Comments?

Executive Order on Ensuring Responsible Development of Digital Assets - The White House

 

[Marilyn C]

Biden signed an Executive Order in March 2022 requiring a long list of government agencies: the FED, Treasury, Banks and numerous government officials, etc., to examine all aspects of digital currencies, strategies and plans, effects, the creation of our own digital currency CBDC (which would be up against Bitcoin and others digital currencies); and gave them 180 days to report back with all the information needed to put on the table and sort out. Well, times up as of a couple weeks ago. The goal is to go cashlesh and adopt a digital currency and btw, this movement is in accordance and agreement with the G7 (In other words, the next phase of the New World Order)!
Will this cause panic, loss of the value of our dollars saved as it is converted,
loss or serious depletion of our investments, etc.? Will they first get rid of the $100 bill, then restrict how much we can take out of the bank, even at some point freeze our accounts and close many banks that will eventually become obsolete? Is this another transfer of wealth in the trillions to the elites?
It just seems like Biden is a puppet who is leading the country into a downward spiral, a crash, bankruptcy and chaos. So much value in what we had has been lost through inflation just in the last two years. With all the government bailouts, the printing of nine trillion dollars, foreign donations (which translate into kickbacks to the elites), inflation and now two quaters of recession (with likely the rest of this year and next to get worse), we are not looking good.
Comments?

Executive Order on Ensuring Responsible Development of Digital Assets - The White House

Hi Ronald,

Yes it`s coming but will take a couple years to prepare as CBDC`s are programmed.

regards, Marilyn.

 

[Ronald David Bruno]

Hi Ronald,

Yes it`s coming but will take a couple years to prepare as CBDC`s are programmed.

regards, Marilyn.

Good, someone suggested it was going to happen tomorrow. It seems like that would take time, a gradual transition to change over; otherwise panic, confusion, a run on the banks ... where's George Baily when you need him? They tested this partially in other countries like India, jist tonsee the lublic reaction. They could start with eliminating $100 bills and then limiting ATM withdrawals to $100/ day. ??

 

[Marilyn C]

Good, someone suggested it was going to happen tomorrow. It seems like that would take time, a gradual transition to change over; otherwise panic, confusion, a run on the banks ... where's George Baily when you need him? They tested this partially in other countries like India, jist tonsee the lublic reaction. They could start with eliminating $100 bills and then limiting ATM withdrawals to $100/ day. ??

Hi Ronald,

yes, they have to get the people on board. So for a while the CBDC will run along side the banks and some cash. Eventually the CBCD`s will be chosen for they are easier for cross border payments.

The personal ID is also coming along nicely, touted for our safety, and then both together in a chip in the hand, will be very handy people will think. And the trap will be closed.

BTW the believer looking for the Lord to come will not be a part of that but `caught away` to be with the Lord.

I do think the economic tsunami will be this year and into the next year.

Glad you are up with it too. Marilyn.

 

[Ronald David Bruno]

Hi Ronald,

yes, they have to get the people on board. So for a while the CBDC will run along side the banks and some cash. Eventually the CBCD`s will be chosen for they are easier for cross border payments.

The personal ID is also coming along nicely, touted for our safety, and then both together in a chip in the hand, will be very handy people will think. And the trap will be closed.

BTW the believer looking for the Lord to come will not be a part of that but `caught away` to be with the Lord.

I do think the economic tsunami will be this year and into the next year.

Glad you are up with it too. Marilyn.

How did you get so smart? You seem to have a way to put my mind at ease. I wonder though with a CBDC created, will it be the same one for all governments (OWG) and by this act, will all other digital currencies be squeezed out of business and fail? I don't expect you to know the answer, just wondering.
Back in 2016, Bitcoin was worth $700 and now $21k. It actually went up to $50+k. So it seems it is unstable. The rich are purchasing lots of it which indirectly encourages the rest of us to do the same ... but then like insider trading happens, they'll pull out at the right time, exchange their money for the CBDC and leave the rest of us with our pants down - like they have been setting us up all along. ??? Well, I can't afford it anyways.
How are things in Australia? Are they still enforcing strict rules, fascist control in this Covid vortex or have they relaxed their grip and things are back to normal?
Americans are used to fighting for our freedom and we have 300 million guns for protection, so it won't be that easy to enforce their new rules when it comes time. People will fight for their rights and freedom, even against their own government. It's going to be ugly. Come Lord Jesus!

God bless you,
Ronald

 

[Ronald David Bruno]

Source: Banking Dive, Sept. 16, 2022

• [The Biden administration is calling for more regulation of cryptocurrencies, and wants agencies to step up enforcement actions against digital asset firms that harm consumers, according to a series of reports published Friday.
• In the reports, the administration recommends the Securities and Exchange Commission (SEC) and the Commodity Futures Trading Commission (CFTC) “aggressively pursue investigations and enforcement actions against unlawful practices in the digital assets space.” The reports also call for the Consumer Financial Protection Bureau (CFPB) and Federal Trade Commission to “redouble their efforts” to monitor consumer complaints and identify abusive practices in the sector. The Treasury Department will also head up an interagency group aimed at studying the implications of a central bank digital currency (CBDC), the White House announced Friday.]