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Breaking News: Central Bank Digital Currency Launching in July – Prepare Yourself!

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Is a Central Bank Digital Currency on the Horizon?

Good afternoon Preppers, welcome to Goshen Prepping Central! Today, we’re going to discuss the possibility of a Central Bank Digital Currency (CBDC) and how it may be implemented in the future. While the idea of a CBDC may seem daunting, it’s important to understand the motivations behind it and the potential implications for our financial system.

The Goal: Complete Control over Currency

One of the primary goals of a CBDC is to gain complete control over a country’s currency. With a digital currency, central banks would have the ability to manipulate markets and regulate financial transactions more efficiently. This level of control can have both positive and negative consequences, depending on how it is utilized.

The Challenge: Enacting and Implementing a CBDC

Enacting a CBDC is not an easy task. Simply springing it on the American people would likely result in resistance and pushback. Therefore, the Federal Reserve is taking a different approach. They are introducing the “FedNow” service, which is an instant payment infrastructure developed by the Federal Reserve. This service allows financial institutions of all sizes to provide safe and efficient instant payment services to their customers.

Understanding the FedNow Service

The FedNow service aims to provide innovative instant payment services to customers and recipients, allowing for more flexibility and immediate access to funds. While some may argue that banking services are already practically instant, the FedNow service goes beyond that. It enables transactions not only between banks but also between individuals. This means that all transactions, including person-to-person payments, can be done using this new digital system.

The Potential Implications

While the convenience of digital payments may be appealing, it’s crucial to consider the potential implications of a fully digital currency system. Countries like China and India have already implemented similar systems, where the government has significant control over individuals’ financial transactions. This level of control can lead to a loss of privacy and personal freedom.

The Slippery Slope of Control

The introduction of the FedNow service is just the first step towards a fully digital currency system. It may seem convenient to use our smartphones or smartwatches for payments, but we must remember that this transition is not solely about convenience. It’s about control. The government wants to have complete control over our finances, just like they do in countries like China. They want to ensure that if we go against the system, we will struggle to pay our bills, afford food, or even stay in our homes.

FAQs

Q: What is a Central Bank Digital Currency (CBDC)?

A: A CBDC is a digital form of a country’s currency that is issued and regulated by the central bank. It aims to provide a more efficient and secure means of conducting financial transactions.

Q: How does the FedNow service work?

A: The FedNow service is an instant payment infrastructure developed by the Federal Reserve. It allows financial institutions to provide safe and efficient instant payment services to their customers, including person-to-person transactions.

Q: What are the potential implications of a fully digital currency system?

A: A fully digital currency system can lead to a loss of privacy and personal freedom. Governments may have complete control over individuals’ financial transactions, which can be concerning for those who value their financial independence.

Q: Is the FedNow service the first step towards a fully digital currency system?

A: Yes, the introduction of the FedNow service can be seen as the first step towards a fully digital currency system. It is important to be aware of the potential consequences and to consider the implications of such a system on personal freedom and privacy.

In conclusion, while the idea of a Central Bank Digital Currency may seem appealing in terms of convenience, it’s essential to understand the underlying motivations and potential consequences. The introduction of the FedNow service is just the beginning, and it’s crucial to stay informed and vigilant about the future of our financial system.

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42 Comments

  4. Better read your bible, there is so much information about the end of times, and much of it is already happe ing. HURRY BEFORE WERE NOT GOING TO BE ALLOWED TO HAVE A BIBLE. COMMING SOON!!!!!

  8. There goes Consumer protection. If anyone files a complaint against an agency, will they shut a person down just because they oppose them? Is it all interconnected?

  10. if a business, restaurant, LLC will not accept cash… B O Y C O T T them… cash is legal tender, so when a company decides they won't accept legal tender, it is time to put them out of business by boy cotting them permanently.. when their sales plummet because of their E S G actions, (ie: Target/beer) they will have to change or go out of business.. We consumers have more power than we realize… It takes a group of consumers a very short time for a store to go broke. Remember they made the decision to go W O K E… you just put the nail in the coffin.

  18. I'm on SSI and I use cash only .I pay my rent by a Money Order .I live in a low income Apt .I don't use a smart phone.I don't understand Commputers .

  19. Europe already has the digital money. Listen to the UN talks. They already gave to EVERY LIVING person a digital number. I heard this talk last night. Those who refuse it won't be able to buy or sell.

  24. Here on the UK, Charlie the tird has given royal assent. Of course, they are all related including to politicians and all presidents there and elsewhere. Interbreeding legitimately and illegitimately where it suits them, to infiltrate and take over. Thus the colour, race and claimed re-legion doesn't matter.

  26. This is how the powers that be will control humans in the future. Because of this system, many will take the mark! They'll know who and how much money people will have. Total control over the lives of human. NOW! Is the time to get under a NEW government system ( CHRIST JESUS)

  27. It's going to be there way or no way.. computer hacker's are going to have fun talking your money.. do you think they care about people.. you are going to do as you are told.. thousands of people are not going to be able to do it.. SSI and SSDI and widows pension.. your going to have to do everything with your phone mine is a piece of crap.. guess what else no more yard sale unless you have the swiping card machines.they might do that as well put all of the money on a card

  29. The US banking system is NOT instant payment. There are some services like Zelle that are instant. But even ACH transfers can take DAYS to clear. The US clearing system is WAY behind other countries, even third world countries when it comes to settling transactions. Other countries like India (people I do business with) are surprised at how slow transfers are in the US.

  30. In short, " they want to centralize the centralized systems to get more control" by crushing true and democratic and freedom-oriented decentralized systems like crypto and bitcoin, etc. in the name of regulations ??? Any new systems will take time to stabilize and crypto will stabilize soon. We don't need any CBDCs. There is enough control already and this is also too much. (Because right now all social media posts, all website surfing, all phone calls are recorded for surveillance) I think that is reason why we should select freedom oriented candidates, who truly support individual freedom and democracy.

  32. There was a tome that it was reported that cbdcwill start at year 2030. Now it was duppose to be a few months ago. Let us ho brandon, just do it and go sfter the duper rich people of color ok?

  38. revelation 13 vers 16-18

    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 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

  39. This will be used BEFORE the mark of the beast. The mark of the beast, mentioned in the book of revelation of the bible. THe mark however is only REQUIRED during the tribulation, in the middle of it.

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