Loading ...End Run Around The Constitution
The criminal banksters appear to be assisting the FED and the administration in an end run around the Constitution. Since Congress isn’t going to pass legislation to remove physical currency(which is nescessary to make CBDC’s 100% compliant) the banks are doing an end run. I have seen stories online(have not watched the videos) that Citibank and JP Morgan are going to convert their customers deposits into digital tokens. Not sure of the specifics but let’s say they tell their customers these funds can still be used for any type of bill payment and or digital transaction such as transfers to other banks etc. The only change is you can’t get actual physical currency anymore. They do the admin. dirty work by effectively eliminating cash without the need for any new laws. This is why it is important to keep a small amount of physical currency along with a large amount of physical gold and silver. A black market will probably develop for cash which can always be bought with gold and silver if one needs or wants it.
I agree that we are likely moving towards a digital currency, I just don’t see how it could happen over night with a couple banks giving “tokens”. This wouldn’t create a black market for cash, as it would be deemed useless overnight if the gov said that the few banks who converted to tokens were the new currency. It just doesn’t make sense at all. The most logical path to a cbdc will be the slow removal of cash all together (we are already on this path as no one enforces business who don’t accept cash anymore) followed by a either a conversion of one dollar for a new type of cbdc or the more likely method will be a paired cbdc that is fully tethered 1:1 to the dollar. And as with cash going obsolete, the original dollar will also go obsolete in the “cloud”.
Again, i don’t like this at all, but i also can’t possibly see a switch happening in the next couple years without economic destruction. Now, on the other hand, if we have economic destruction, then that changes the potential timeline for sure.
I did not say this was going to happen overnite. This is just the opening salvo. If two of the largest banks do this so will the rest over time. The CBDC comes later as does the removal of cash. Then the black market for cash develops. We are more in agreement than not. This is the way they slowly introduce the end of cash. Gradually, then all at once. With no new laws that they couldn’t get thru Congress.