FOC Show: THEY DID WHAT NOW?! - Laura Loomer; URGENT! You Have Until July 18th! - Economic Update
Jun 27, 2023 Flyover Conservatives
Dr. Kirk Elliott’s interview starts at 33:30.
July 18th that’s the date the the Feds have told the U.S. Banks to start rolling out the Central Digital Banking Currency (CBDC) system. How is this going to affect us and to what extent? Honestly there are not a lot of clear cut answers on this yet. What is clear is that this nationwide/worldwide banking system with give the powers to be to control our lives totally or so they hope.
Last March Biden signed into law the CBDC in America via Executive Order #14067. On March 15, 2023 the Feds issued a statement on the new “Fed Now App” which is basically a tunnel to the CBDC. Don’t confuse the FedNow App (most will use on their smartphones) with the CBDC.
Dr. Kirk Elliott says in his video interview above with David and Stacy Whited that the Feds here in America approved the Digital ID program that is now linked to our bank accounts. He also states in this interview that we will not be given a choice to opt in or out of the CBDC System. See also Project Icebreaker and Project Aurora via the links in the video above. Lots of questions and unknowns but this comes to mind:
Revelation 13:16–18 — King James Version (KJV 1900)
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads: 17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name. 18 tHere is wisdom. Let him that hath understanding count sthe number of the beast: for uit is the number of a man; and his number is Six hundred threescore and six.
FedNow FAQs: What The Fed’s New Instant Payments System Is—And Is Not
By Editors Doug Whiteman and Rachel Witkowski
The Federal Reserve plans to roll out its long-anticipated faster payments system, called FedNow, in July. This will be the first government-created platform to help your bank transfer money in real time. It’s similar to what the private sector has already created through payment apps like Venmo and Cash App that send funds almost instantly but outside of bank accounts.
FedNow has been years in the making. Its potential impact on the global banking industry—with thousands of financial institutions able to access the system—has generated not only praise but also concerns and confusion about what FedNow will actually do. So let’s set the record straight.
What Is FedNow?
FedNow is the first U.S. government-created and -backed portal allowing banks to send and receive funds almost instantly.
The Fed already has a payments portal but it doesn’t operate in real time, unlike Venmo, Cash App and other money transfer apps that allow users to instantly send money between app accounts. But to receive money in your bank account—whether from a check, direct deposit or payments app—you may have to wait a few business days, or bide your time over holidays or weekends.
When FedNow launches, you’ll be able to make payments—say, on your mortgage—ideally within seconds. You’ll be able to send funds on the due date rather than having to plan several days out for an online payment to clear, or up to a week for a check to be processed.
Business owners will be able to send and receive invoice payments in real time online.
Will FedNow Replace Cash?
No, the FedNow system won’t replace the dollar, or digital currency for that matter. Think of it as a platform that will transfer your dollar online, the same way popular money apps transfer funds. The promise of FedNow is that it will allow financial institutions to make those transfers happen between bank accounts, and in the blink of an eye.
And while there have been claims on YouTube and TikTok and other social media that FedNow will replace the dollar with a new digital currency, these claims are false.
As the Fed puts it, “The FedNow Service is neither a form of currency nor a step toward eliminating any form of payment, including cash.”
Will FedNow Create a Digital Currency?
Critics have speculated that FedNow will create a digital currency, but the Fed has tried to dispel this false assumption by flatly saying, “FedNow is not related to a digital currency.”
Part of the confusion stems from separate discussions on whether the Fed should create what’s called a central bank digital currency (CBDC). The Fed has clarified that it has made no decision on issuing a CBDC, and that it would “only proceed with the issuance of a CBDC with an authorizing law.”
Issuing a CBDC is “something we would certainly need congressional approval for,” Fed Chair Jerome Powell told the House Financial Services Committee in March.
Countries including the Bahamas, China, India and Nigeria have launched CBDCs, and more than 100 other nations are exploring the idea, according to the international policy think tank the Atlantic Council.
Some countries are looking at whether a central bank digital currency could be a safer, faster way of transferring funds between banks. Others are considering whether to offer a CBDC as fiat money for the public, with the accounts held at a central or commercial bank.
Does FedNow Replace Money Apps like Venmo and Cash App?
The Fed has made clear that FedNow is not intended to kill or replace other money transfer options like Venmo, Cash App, PayPal or Zelle. Rather, it is meant to work alongside the current systems built by the private sector.
But FedNow could be a game changer because thousands of banks already using the Fed’s current, slower payments system may see FedNow as a safe and faster option that has government backing.
There already is a Real-Time Payments (RTP) network, a private service launched in 2017 and used by more than 100 financial institutions to offer instant funds transfers. Zelle is the only app-based payments system that operates within the RTP network. That’s why you might see Zelle’s service offered directly when you log into your bank or credit union.
The financial institutions using the RTP Network can also opt into the FedNow system.
How Will FedNow Work?
In technical terms, FedNow is the clearing service for financial institutions to provide immediate end-to-end payments to customers. The key difference between this service and the Fed’s current system is that FedNow will be online 24/7, processing transactions in real time.
The FedNow service will be available to more than 10,000 financial institutions that operate within the Fed’s network. The banks will be able to opt into FedNow—they won’t be forced to join the platform.
Financial institutions participating in FedNow can opt into different services within the system; they might, for example, elect to send funds back and forth across financial institutions, or choose to receive funds only. They can also opt into settlement service transfers and high-dollar credit transactions called liquidity management transfers.
Will FedNow Dominate the Global Payments System?
Not any time soon. While FedNow will have a significant impact on the global payments system of money transfers among bank accounts throughout the world, it will take years for the platform to be fully tested and adopted by financial institutions.
The Fed’s participating institutions must first opt in, begin testing out FedNow and then adjust their own systems to fully adopt it.
Some banks are likely to want to stand by to see how adoption pans out for the early volunteers in this summer’s launch. This means you will not see any immediate change in how you send and receive money through your bank once the service launches in July.
“Availability of the service is just the beginning, and growing the network of participating financial institutions will be key to increasing the availability of instant payments for consumers and businesses across the country,” the Fed said in a news release.
REVEALED: Global System of Digital Identification ‘For All’ Connected to Our Bank Accounts
JUNE 26, 2023 BY NEWS WIRE
Incredibly, most people still do not understand the full implications of this new system of control.
Economic Collapse Blog reports…
It doesn’t take a genius to figure out where this could be heading. For a moment, I would like for you to imagine a rather chilling “fictional” scenario. Not too far in the future, all “global citizens” are required to possess proper “digital identification” or else they will not be permitted to access the new global digital financial system.
Central banks all over the globe have rolled out their new “central bank digital currencies”, but in order to use those currencies you must “prove that you are who you say you are”, and the only way to do that is with the new global system of digital identification that has been introduced. As cash is phased out, those that resist being part of the new global system are increasingly pushed to the outer fringes of society. Hardly anyone is willing to employ them any longer, it has become virtually impossible for them to get loans, and they are looked down upon by much of the general population. And then after the vast majority of the global population has “willingly” signed up for the new global system of digital identification, it is announced that the system will now become mandatory. That means that anyone that does not submit will not be able to buy, sell, get a job or have a bank account.
You may think that I am exaggerating the dangers of a global system of digital identification.
I wish that I was.
Once a global system of digital identification is introduced, it will rapidly become our most important form of identification.
It will become more important than your driver’s license and more important than your Social Security number.
Pretty quickly, it would become required for almost every financial transaction that you make online.
A lot of people may think that would be a good thing. After all, there are so many scammers and thieves on the Internet these days.
And I would agree that there is a need for more financial security on the Internet, but I am 100 percent against any type of global digital identification system because the potential for tyranny would be off the charts.
Unfortunately, that is exactly the type of system that is now being proposed by policy makers at the United Nations.
In a May 2023 policy brief entitled “A Global Digital Compact — an Open, Free and Secure Digital Future for All”, we are told that “an open, free, secure and human-centred digital future” is absolutely critical for the “attainment of the Sustainable Development Goals”…
The present brief proposes the development of a Global Digital Compact that would set out principles, objectives and actions for advancing an open, free, secure and human-centred digital future, one that is anchored in universal human rights and that enables the attainment of the Sustainable Development Goals. It outlines areas in which the need for multi-stakeholder digital cooperation is urgent and sets out how a Global Digital Compact can help to realize the commitment in the declaration on the commemoration of the seventy-fifth anniversary of the United Nations (General Assembly resolution 75/1) to “shaping a shared vision on digital cooperation” by providing an inclusive global framework. Such a framework is essential for the multi-stakeholder action required to overcome digital, data and innovation divides and to achieve the governance required for a sustainable digital future.
Most people in the general population would not be too alarmed after reading that introductory paragraph.
But as they say, the devil is in the details.
If you go to page 8 of the policy brief, you will find the section where a system of digital identification “linked with bank or mobile money accounts” is proposed…
Digital IDs linked with bank or mobile money accounts can improve the delivery of social protection coverage and serve to better reach eligible beneficiaries. Digital technologies may help to reduce leakage, errors and costs in the design of social protection programmes.
I briefly mentioned this the other day, but I don’t think that most people understood the implications that this has for all of us.
Under such a system, if your social credit score gets too low you could be put in “digital jail” for a certain period of time. Your “digital privileges” would be suspended for a while, and that would mean that you could not buy, sell or live your normal life for the duration of your punishment.
Of course if you insist on being a “repeat offender” enough times, you could have your “digital privileges” revoked permanently.
What would you do then?
You wouldn’t be able to buy or sell anything.
You wouldn’t be able to get a job.
You wouldn’t be able to have a bank account.
At best, you would be a total outcast from society.
Don’t be fooled into thinking that this sort of a system is a long way off.
Three months from now, the European Union will “mandate” that all member states offer a “digital identity wallet” to every single one of their citizens and businesses…
The European Union will mandate digital identity under eIDAS 2.0, which will go into effect in September 2023 and ensure all Member States offer a digital identity wallet (DIW) to citizens and businesses. According to the European Commission, “At least 80% of citizens should be able to use a digital ID solution to access key public services by 2030.”
Initially, participation by individuals and businesses in the EU system will be voluntary.
But over the past few years we have seen how quickly “voluntary” measures can become “mandatory”.
When I say that we are living in one of the most critical times in all of human history, I am not joking.
There is a reason why the UK, the EU and the U.S. are all getting ready to roll out CBDCs.
And there is a reason why “digital identification” has suddenly become such a hot issue.
They really do want to build a digital prison for all of us, and if you plan to object the time to do so is now.
“A Global Digital Compact” – UN promoting censorship, social credit & much more
Kit Knightly Jun 21, 2023
Late last month the office of the United Nation’s Secretary General published a policy document on aims for the future of the internet.
A follow-up to the 2021 report “Our Common Agenda”, the new report’s title says it all really, “A Global Digital Compact”. That’s the goal, international legislation that would seek to control and enforce the use of digital technology.
The proposed clauses promote everything you’d expect them to promote.
Digital identities linked with financial access:
Digital IDs linked with bank or mobile money accounts can improve the delivery of social protection coverage and serve to better reach eligible beneficiaries. Digital technologies may help to reduce leakage, errors and costs in the design of social protection programmes
Environmental or climate change-based social credit systems:
Sensors and monitors connected to the Internet of things, cloud-based data platforms, blockchain-enabled tracking systems and digital product passports unlock new capabilities for the measurement and tracking of environmental and social impacts across value chains.”
Public-Private Partnership:
Partnerships between States, private sector and civil society leverage the capacity of digital tools to provide solutions for development across the Sustainable Development Goals. Examples include the Digital Public Infrastructure Alliance, the Coalition for Digital Environmental Sustainability and public-private partnerships for disaster response.”
Countering online “harm”:
Disinformation, hate speech and malicious and criminal activity in cyberspace raise the risks and costs for everyone online […] we must strengthen accountability for harmful and malicious acts online.
Those are the obvious ones, there’s also more sneaky, insidious language regarding “equity” and “access”. The report is concerned there are many people in the world (mostly the developing world) who don’t have regular access to the Internet.
This concern would be more honestly expressed in the language of control – people who don’t consume digital media can’t be hypnotised, people who don’t communicate online can’t be censored, and people who don’t rely on digital banking can’t be controlled.
To sum up, the Digital Global Compact is a piece of globalist legislation serving the final aim of globalist policy: Control of all aspects of life, achieved by inserting a digital filter between people and reality.
Banking, communication, media consumption, shopping. Every interaction you have will be through a digital membrane which can both monitor your exchanges with the world and – if deemed necessary – deny you access to that world.
An interesting final point to note is the words the report doesn’t use. “Globalist” and “globalism” do not appear once, “vaccine passports” or “vaccine certificates” are likewise not mentioned. Neither are “social credit” or “central-bank digital currency”. They are discussed, but not mentioned.
They seem to be avoiding buzzwords they know will trigger resistance or set off alarm bells. Would they have done that before the skeptics started winning the Covid conversation? I don’t think so.
You don’t have to take my word for any of this, of course, you can read the whole report yourself.
There’s nothing surprising in there at all, obviously. But it’s definitely a “quiet part out loud moment”, and a link to send to those people who still dismiss you as a conspiracy theorist.
Ron DeSantis Banned CBDCs in Florida—These States Could Be Next
By Mat Di Salvo May 17, 2023
Florida Governor Ron DeSantis signed a bill last week to ban central bank digital currencies (CBDCs) in the Sunshine State—and now others appear to want to follow in his footsteps.
Currently, Louisiana, Alabama, Texas and North Dakota have all drafted bills opposing a digital dollar.
CBDCs are a hot topic right now. Unlike cryptocurrencies such as Bitcoin or Ethereum, CBDCs are overseen and operated by a centralized entity.
Only 11 countries have so far launched a CBDC, according to the Atlantic Council’s tracker, but many other nations are researching and trialing the technology. China’s digital yuan is the most advanced.
America’s central bank, the Federal Reserve, has been talking about a CBDC for some time but hasn’t given any major details on whether one will actually be released.
Read the rest of the article via the link above.
Also see: Robert F. Kennedy Jr. Joins Ron DeSantis in Railing Against CBDCs