Democrats Try To Sneak Fed-Controlled Digital Dollar Into Coronavirus Spending Bill
(Tea Party 247) – In attempts to cram their far-left policies into the coronavirus stimulus bill, the Democrats included a proposal to “digital dollar” controlled by the Federal Reserve meant to make payments to people and businesses that were forced to shut down amid the coronavirus pandemic.
Wow, that doesn’t sound like a terrible idea at all.
House Democrats originally included a provision for a digital dollar in the $2.6 trillion draft stimulus bill introduced Monday which would provide monthly economic relief to “qualified individuals.”
In the draft, a digital dollar is defined as “a balance expressed as a dollar value consisting of digital ledger entries that are recorded as liabilities in the accounts of any Federal Reserve bank; or an electronic unit of value, redeemable by an eligible financial institution (as determined by the Board of Governors of the Federal Reserve System).”
Control over this dollar would be managed and controlled by the Federal Reserve Bank, and they would be kept in “a digital wallet or account, maintained by a Federal Reserve bank on behalf of any person, that represents holdings in an electronic device or service that is used to store digital dollars that may be tied to a digital or physical identity.”
Such a move may have been in the works long before any of this happened, however.
As Infowars notes, Chairman of the Federal Reserve, Jerome Powell, told lawmakers last year that he was looking into the “the costs and benefits of pursuing” digital currency for central banking.
Can you imagine that?
In fact, a cashless digital currency system is one of the main hallmarks of the New World Order agenda because such systems would allow governments and banks to closely monitor and track the behavior of citizens.
“Over the course of a decade, the masses have been acclimated to the idea of a digital currency system,” Alt-Market’s Brandon Smith wrote. “They are now being acclimated to the idea that physical currencies should be done away with and replaced with the ‘more efficient’ blockchain tech – Death to the dollar, death to the Fed and death to the globalists say activists as they cheer for the new digital landscape! But this is not what is really happening. The death of the dollar and physical cash is only the primer for a new and even more invasive world order.”
What better time to try and initiate digital currency than a massive global economic and public health crisis.
Global government bodies have already asserted that physical paper money could perpetuate the spread of the virus.
“We know that money changes hands frequently and can pick up all sorts of bacteria and viruses and things like that,” a World Health Organization representative said in early March. “We would advise people to wash their hands after handling banknotes and avoid touching their face.”
Fortunately, the “digital dollar” provisions of the Democrats’ draft version of the stimulus bill has now been scrubbed.
Infowars notes, however, that it is “now mentioned in a separate bill introduced by Rep. Maxine Waters (D-Calif.), titled the ‘Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act.’”
So keep an eye out for this!