The Fed Changes Definition of Money in New Push For CBDC

#fed #economy #cbdc

The Fed’s Gone Insane, Changes Definition For Money in New Push For CBDC

*********** Follow RJ ***********

New daily show at the NotifyAmerica youtube channel:
https://www.youtube.com/@notifyamerica

Twitter: https://twitter.com/realRJTalks

Want access to the housing market maps I use in my videos? You can access here: https://www.snapforce.com/real-estate-insights/

Want access to the research database I use in my videos? You can access here: https://www.rjtalks.com/

*********** ABOUT RJ ***********

In 2012 I built Snapforce CRM, a software as a service application to compete with Salesforce, which was very expensive at the time. Since then, our user base has expanded to over 65,000 users in 12 countries. Our largest customer’s are mortgage companies and debt shops, who use our software for their sales process, and to check customer’s credit in real time.

With the type of clients we cater to, I decided to launch Snapforce Real Estate Insights last year, a peripheral software as a service product. It integrates directly with the big 3 real estate brokerages, to present their housing data in a digestible way, using our interactive maps and reports.

Snapforce CRM, try risk free for your property management, lending/mortgage company, or for individual realtors: https://www.snapforce.com/crm-software/

WE DO NOT OFFER PERSONAL ADVICE

*********** My ENTIRE Camera and Recording Equipment ***********

Camera: https://amzn.to/456n1GO
Lights: https://amzn.to/3qrH17S
Mic: https://amzn.to/3sd14Hu

*********** DISCLAIMER ***********

I am NOT a financial adviser. I only express my opinion based on my experience. Your experience may be different. These videos are for educational and entertainment purposes only. Investing of any kind involves risk. While it is possible to minimize risk, your investments are solely your responsibility. It is imperative that you conduct your own research. There is no guarantee of gains or losses on investments.

AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, I may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact my opinion. We recommend them because they are helpful and useful, not because of the small commissions we make if you decide to make a purchase.

We have more changes unfolding at the Federal Reserve and in a small quaint town in Davos Switzerland changes that have the Uber Elite Class gathering together this week meeting to discuss their plans for a global future the global order how to secure more control over our lives in a way that they

Believe will better Humanity as a whole and one of those ways is the implementation of a cbdc a centralized Bank digital currency lot of new information coming this week on the fed’s plan to roll out their digital dollar we’ve seen the updates to their fed now program but there’s much much

More happening in the background well we stumbled across this Federal Reserve research paper docket number 1670 called the Federal Reserve actions to support interbank settlement of faster payments it’s a notice that’s sent out to the fed’s Board of Governors and it is odd it’s strange to say the least changing

The definition of a currency in this document or rather adding to it adding to the definition adding a fourth attribute to the definition of a currency they say social control that’s the new attribute very odd report but before we get started thank you for liking and sharing these videos it

Really helps me out and if you’re not already a subscriber uh to the channel make sure to do that so you continue to receive these regular updates also check out our new Daily Show over at the notify America YouTube channel the link is in the description the Federal

Reserve giant Bank the mother of all banks and they are getting ready to implement a giant rug pull on the American economy we all know the debt crisis in this country is out of control we’ve amassed more debt in just the last few years than the annual GDP of most

Countries combined just in the last three years federal government has borrow 10 trillion dollar 10 trillion with a te it’s unsustainable makes no sense if you were running a business and you had a deficit like this you would have no choice but to cut costs get your

House in order but the US government does the complete opposite we ramp up our spending borrowing like it’s 2020 borrowing like we’re in a pandemic but there is no pandemic we are just still borrowing like there is and eventually it’s going to reach a point where the

World loses faith in the US dollar a currency that is really no better at this point than bit coin both are backed by nothing Richard Nixon removed the dollar from the gold standard 50 years ago one of the biggest mistakes a US president has ever made in my opinion

Well in the meantime as our debt explodes and Wars rage around the globe what’s our Federal Reserve doing they’re preparing researching for the implementation of their own cbdc a centralized Bank digital currency a digital dollar something that on the surface sounds great here here’s how they pitch it ready it would simplify

Life which is undeniable by the way it it would make easier it would make it easier and virtually effortless to move money pay your bills eliminate all the hassle of middlemen like Banks to settle transactions for all you business owners out there no more credit card processors imagine that eliminating credit card

Processors I mean to me that sounds like a dream well is it a dream or is it a nightmare I’d say the latter as all those benefits that come with it will be how they sell the idea to you sell the idea to the American public where making your life

Easier will save you money no more fees from your bank no more hassle filing your taxes and all the rest we can easily stop elicit transactions all of that kind of thing but with those benefits come a whole Cadre of issues first and foremost privacy and and government control the entire concept of

Crypto by the way is for a world of decentralization but cbdc it’s all in the name centralized Bank digital currency it’s not a decentralized bank digital currency and if it wasn’t 2024 and we didn’t just all go through what we lived through these past few years the pandemic years it’s likely

Selling all of this to the public would have been easy but it’s not as we now know so much more about how the government really want wants to run our lives the impulse for totalitarianism is real regardless which side of the aisle you sit can’t deny establishment

Washington wants more control we saw it over the last few years government lockdowns jab passports 6-foot distancing rules just to name a few overnight over 33 million Californians ordered to lock down as Corona virus cases across the state sore and the number of available ICU beds Falls we

Need to do everything we can to stem the tide the 3-week order now in place for much of Northern Central and Southern California prohibits in-person dining and Gatherings restricts all store capacity to 20% and shutters salons playgrounds and Museum well now imagine what the pandemic would have been like

What it would have looked like if we already had a cbdc rolled out try to imagine how easy it would have been to enforce all those crazy policies jab past ports for instance you want to fly from New York to LA well your jab passport says you’re not up on your

Shots sorry digital wallet is locked for airline purchases there’s just countless examples that I could give that would prove the point but I’ll save the time because if you think your government is is still on your side with this they never do such a thing well let me

Introduce you to docket number 1670 on the Federal Reserve website called the Federal Reserve actions to support interbank settlement of faster payment memorandum it’s a notice that’s sent to the FED Board of Governors this is the actual document you can find it on their website they go into the benefits of

Moving to a cbdc to a digital dollar and in the process they lay out the definition of money the definition of a currency what is a currency they say well according to the FED they list three attributes that technically form a currency but then after that they

Explain how a cbdc adds a fourth attribute a new attri attribute effectively rewriting the definition of a currency in this document and what is the fourth attribute that they cite social control they actually write that you can’t make this stuff up folks look at this the main economic attributes of

A technically effective currency rests on three functions as a unit of account a store of value and as a medium of exchange but there’s a fourth function of money as a means of social control the centralized Monopoly over the functions of money held by by Sovereign governments and central banks has

Generated great income and wealth imbalances concerns about a lack of Central Bank performance with respect to financial inclusion income inequality economic system stability and the tendency of central banks to intermediate on behalf of large financial institutions supported the creation of cryptocurrency then they go into is a fedcoin feasible Etc craziness

Folks this is bananas this is the time when this cbdc push really began by the way around the time this document was sent back in 2019 then after this is when we saw President Biden sign executive order 14067 which effectively talks about implementing a cbdc in America and since

Then all the heads of state Titans of Industry the executives at these big banks have all been running wild with this idea European countries are loving it the EU is moving full steam ahead with this the UK wants a cbdc of their own here’s their here’s their current

Prime minister informing the people of England what a cbdc is and why it’s a good thing watch this today I’m proud to say that under the UK’s presidency the group of the world’s seven most advanced economies the G7 is launching a set of public policy principles for retail Central Bank digital currencies

Cbdcs Central Bank digital currencies could be a digital version of money a bit like a digital banknote that could be used alongside physical notes and coins unlike most of the digital money people use daily today it would be issued directly by a central bank like the bank of England in the UK and

Governments and central banks across the world are working together looking into what having a digital currency might mean in practice this includes issues that people care about such as ensuring users’s money would be safe and secure that it could work with other ways to pay would be energy efficient and available to

Everyone so where are we now well I feel like a lot of people have been educated to the risks associated with the cbdc especially on social media we’ve also seen members of the Republican Party come out opposed to this idea also a poll conducted recently by the KO

Institute in May of 2023 found that only 16% of Americans would support the government issuing a central bank digital currency and look at the breakdown by party the orange bar is if you’re opposed to it 53% of Republicans said they were opposed only 22% of Democrats oppose it though so with

Numbers like this with the American public with the American public clearly not being on board with it will they still move forward well in Davos Switzerland this week the wef held their annual Summit where world leaders come together and discuss the future of humanity the plans for our shared future

People like Bill Gates Larry Page from Google also countless others kings queens princes princesses attend this event it’s like a who’s who for the powerful Elite and guess what they were discussing cbdcs they are still on the table in a big way here’s some of the video from

Their 2024 Summit this week watch if you think about the benefits of digital money there are huge potential gains it’s not just about uh digital forms of physical currency you can can have programmability you know um units of Central Bank currency with expiry dates

You could have as I argue in my book a potentially better and some people might see or a darker world where the government decides that units of central bank money can be used to purchase some things but not other things that it deems less desirable we’re developing through technology an ability

For consumers to measure their own carbon footprint what does that mean that’s where they they traveling how are they traveling what are they eating what are they consuming on the platform so individual carbon footprint tracker stay tuned we don’t have it operational yet but this is something that we’re working

On now am I opposed to a cbdc yes anything that centralizes crypto is a Bad Thing anything that gives the government more control is something I personally don’t think we should ever do Patriot Act for instance still in effect for crying out loud government always seems to obtain more

Control which is why the only way to keep up is to constantly be trying to re in their control that’s just you know my point of view but let me know what you think in the comments would you support this I’m genuinely curious your thoughts on it all right that wraps up this

Episode like subscribe and we’ll see you next time also don’t forget to check out our new Daily Show at the notify America YouTube channel the link is in the Description n