No More #CBDC? - Ripped From The Headlines, May 28, 2024
House Passes Anti #CBDC Legislation, Rents Out Of Control? A Chinese Social Credit System In The US? - Read, Share, & Subscribe - SherlocExposes.com
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“The House has passed legislation that would stop the Federal Reserve from issuing a central bank digital currency, a victory for privacy advocates who argue that such a CBDC could give the federal government vast new powers to micromanage citizens’ lives.
The House voted 216-192 in favor of the legislation Thursday, sending the CBDC Anti-Surveillance State Act to the Senate for consideration. The bill was sponsored by House Majority Whip Tom Emmer (R-MN), who has said such a bill was needed to prevent government overreach and protect financial privacy.
The legislation would block the Federal Reserve from issuing a CBDC directly to people, a step justified as ensuring the central bank cannot collect personal financial data. It also blocks the Fed from indirectly issuing a CBDC to people through an intermediary.
Additionally, the bill prevents the central bank from using any CBDC to implement monetary policy.
Some Democrats, though, contend Emmer’s legislation could tie the Fed’s hands and hurt competition between the U.S. and other world powers.
The Fed has conducted some research on a CBDC, and Financial Services Committee ranking member Maxine Waters (D-CA) argued the bill would hamper its efforts.
‘Instead of taking steps to ensure the United States wins the digital currency space race against emerging powers like China, Republicans are making baseless attacks against the CBDC that does not even exist,’ she said.
THINGS TO PONDER:
I wonder what “space race” Maxine Waters is talking about?
Oh right, the one that’s exactly why this bill was created in the first place…
Guess we know who our foe is now, right?
Maxine Waters lied about the idea of a #CBDC in the US not even existing. From the article:
In 2022, the Federal Reserve Bank of New York and major banks announced the launch of a three-month test of a digital dollar that hoped to study its feasibility.
Additionally, that same year, the Fed took its first step toward weighing the use of a CBDC when it released a discussion paper and opened a four-month public comment period to receive input.
Make sure to bookmark this story, and this breakdown… so you remember who your enemy really is.
Know Your Foe.
Click Here to read the full article.
“D. Carter paid $1,525 for rent, cable and WiFi for her one-bedroom apartment until her monthly rent jumped to $2,100 last year.
Unwilling and unable to pay the new rate, Carter, who spoke on the condition that her first name not be used, considered buying but quickly realized that with interest rates hovering around 7 percent, she was priced out. She found a new apartment in a decent part of town after months of searching, but said she still pays up to 50 percent of her fluctuating $50,000 to $70,000 income from her banking job for rent.
Housing is largely a local issue, yet it’s presenting a challenging and complex problem in Nevada and other battleground states with implications for this year’s race between President Biden and former president Donald Trump.
Biden has proposed specific policies and tens of billions of dollars to address the supply and costs, while Trump has mainly proposed reducing inflation. As the incumbent, however, Biden could bear the brunt of the blame, as home affordability has grown worse in recent years. Biden won the Silver State by 2.4 percentage points in 2020 but is currently trailing Trump in almost every public poll conducted there.
THINGS TO PONDER:
If you strip out the narrative play of the Washington Post using a young black woman to serve their handlers’ desire for “us against them” - the real issue here is what it has been all along:
No matter what story any government numbers tell you, things are not good economically for the average person.
That’s not to say that the owner of a rental property shouldn’t make money… they should. It’s not them at the root of the issue…
It’s the way that the country is being run… which eventually is going to hit home.
It’s why you can’t afford to live right now, and why the ride will get even bumpier until leadership actually takes responsibility.
Brace For Impact.
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“The ease with which personal banking is conducted in the modern West would surely cause some envy to our mattress-stuffing ancestors. Cashpoint machines abound, plastic is easy to carry, and, most comforting, one’s money is backed by the full faith and credit of the government. Importantly, unless one fundamentally transgresses the legal order, we can be sure our capital is always at a moment’s access.
Put another way, except in cases usually pertaining to national security, banks are rather indifferent to a client’s private life. The good, the bad, and the ugly are all welcome provided they have the right decimal count. And so, it pains me to report that in America, a peculiar phenomenon dubbed “de-banking” is beginning to occur with increasing visibility.
“De-banking” (or “de-risking”) is what it sounds like. A bank will, for legal, liability, or reputational risk, terminate – with notice – an individual account. Normally, this does not grab our attention. Criminal organizations and terrorists, we all agree, should be frozen out. And, of course, banks may choose with whom to conduct business.
Recently over a dozen Republican attorneys general – the main legal advisors to our state governors – wrote a letter to Brian T. Moynihan, the Chairman of the Board and CEO of Bank of America (BOA) noting that the institution ‘appears to be conditioning access to its services on customers having the bank’s preferred religious or political views.’ In a seven-page memo, the attorneys generals outline BOA’s partnership with the Federal Bureau of Investigations and the US Treasury to ‘profile conservative and religious Americans as potential domestic terrorists.’”
THINGS TO PONDER:
Ripped From The Headlines has covered issues with banks magically shutting down people’s accounts… for no other reason than what they believe.
As we’ve said often, this isn’t a red/blue or left/right issue… regardless of what you think/feel/believe, you don’t know if what you’re going to say next will get you into trouble.
And that’s a problem.
People need to support those Republican attorneys general as much as they possibly can in this fight, so that banks are put on notice that they are being watched.
Know Your Foe.
James Wesley, Rawles, publisher of SurvivalBlog.com has put together a “bookshelf” list of key things you should have. CLICK HERE to access the list.
Plus a recap of the 50 things you should have handy to barter.
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