Tag: digital currency

President Trump Signs Executive Order To Ban Central Bank Digital Currencies (CBDC)

U.S. President Donald Trump signed an executive order (EO) related to Bitcoin and cryptocurrency, titled “Strengthening American Leadership In Digital Financial Technology”. This EO officially banned the creation and issuance of a central bank digital currency (CBDC) in the United States, defining a CBDC as “a form of digital money or monetary value, denominated in the national unit of account, that is a direct liability of the central bank.”

“Except to the extent required by law, agencies are hereby prohibited from undertaking any action to establish, issue, or promote CBDCs within the jurisdiction of the United States or abroad,” the order announced. “Except to the extent required by law, any ongoing plans or initiatives at any agency related to the creation of a CBDC within the jurisdiction of the United States shall be immediately terminated, and no further actions may be taken to develop or implement such plans or initiatives.”

The new EO will also establish a presidential working group to create a federal regulatory framework governing digital assets (including stablecoins), and evaluate the creation of a strategic national digital assets stockpile.

“The Working Group’s report shall consider provisions for market structure, oversight, consumer protection, and risk management,” stated the order. “The Working Group shall evaluate the potential creation and maintenance of a national digital asset stockpile and propose criteria for establishing such a stockpile, potentially derived from cryptocurrencies lawfully seized by the Federal Government through its law enforcement efforts.”

The EO defines the term “digital asset” as any digital representation of value that is recorded on a distributed ledger — which would include cryptocurrencies such as bitcoin, digital tokens, and stablecoins.

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keep the economy and control of our money out of the hands of the government

The Digital Mark Of The Beast And The Elites Trying To Force This Down Our Throats

These M*therf*ckers at the WEF just won’t let us live our lives.

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A Democrat congressman has called for the American people to be issued with the World Economic Forum’s (WEF) “digital ID” system.

During a recent House Financial Services Committee hearing, Rep. Bill Foster (D-IL) pushed for the federal government to roll out the “digital ID” system.

While making his pitch for the authoritarian technology, Foster suggested that the ID database should be “biometrically synced” to the smartphones of the general public.

During the hearing, several government officials shared updates on their work on digital ID and central bank digital currencies (CBDCs).

The two types of technology have the potential to give the government unprecedented levels of control and surveillance power.

The digital ID system is being led by the WEF and the unelected globalist organization’s members have been pushing for the system to be fully integrated with “digital cash.”

“Cashless societies” is a key component of the WEF’s “Agenda 2030.”

The group envisions a near future where members of the public must rely on their CBDC-linked digital ID if they wish to partake in regular society.

As Slay News previously reported, one of the world’s most powerful bankers gloated to his WEF associates that plans to eliminate physical cash will allow government bureaucrats and corporate power elites to gain “absolute control” over the global population through the use of digital money.

During a panel discussion in 2021, Agustin Carstens, the General Manager of the Bank of International Settlements (BIS) and a World Economic Forum (WEF) member, discussed the “advantages” of a “cashless society.”

Carstens boasts that by getting rid of cash and using CBDCs, governments and their financial oligarchs will be able to track purchases globally of the digital ID-monitored public and see exactly who’s buying what.

They’ll also be able to fulfill their longtime goal of having “absolute control” over financial transactions, he adds.

“We don’t know who’s using a $100 bill today and we don’t know who’s using a 1,000 peso bill today,” the Mexican moneyman said, bemoaning the anonymity of cash.

Why the Apple Watch Is Not The Product That Will Save Apple

Apple has prided itself on cutting edge products.  Their mantra is to create great products that we didn’t know we needed.  It worked for the iPod, IPhone and iPad.  Now there are rumors about the iWatch.  Guess what, they are going to miss the boat on this as they have overlooked what we do and do not need.

Who are the biggest consumers of new technology?

First it is the early adopters, they’ll buy anything.  That is a small percentage of the population though, maybe 15% at the most and that is being generous. 

They will likely be the bulk of the iWatch consumers.  Here are the others:

Dilberts who need to have the most gadgets.

dilbert stuff

Some workout people who for while will think this is cool.  This groups purchasing power will wear off as you can tell by the proliferation of watch style monitoring devices being purchased, but then discarded.  It is not the killer app.

Who won’t by buying them?

Almost everyone else and the biggest problem is the group that has the largest digital footprint:

The generation of 18- to 34-year-olds, known as Millennials, are an increasingly influential group that impacts many aspects of the American lifestyle, including fashion, technology and entertainment, according to the upcoming 2013 Digital Marketer Report from Experian Marketing Services. The report looks at key segments of the consumer landscape, including millennials, who provide a major opportunity for marketers to reach consumers via mobile. Millennials spend 14 percent more time engaged with their mobile devices in an average week than their generational peers.

Guess what?  They don’t wear watches for the most part, they keep time on their phone.  They want a phone with a bigger screen, better input capabilities and easy access to social media.  An iWatch doesn’t fit this model.  This will continue for the rest of their lives (likely) and with the younger generation.

They also have to pick which device they are going to buy as student debt is at an all time high.  If you need an iPhone to work the watch, no money left for beer or video games.

Digital Currency

What is the biggest attraction for Facebook and most social media?  It is the sharing of pictures.  Why did Instagram get bought for 1 Billion dollars?  Why is snapchat gaining ground and Twitter adding video to their photo capabilities?  With the grandparents getting onto Facebook, the youngsters are using other apps like Instagram to share their lives with their friends.  While you can see a picture, it is small.

So why are they doing it?  Because they need the buzz or the next great thing.  Will they do it anyway?  Of course, Samsung already has one announced and Apple copies and tries to make it better

I’m not saying watches are dead, who doesn’t want a Rolex for example, it’s just that the impact of an Apple Watch isn’t going to be the $100 jump in the stock price that earlier products were.