Technocrats within the central bank network around the world have developed working technology for Central Bank Digital Currency and are now testing their inventions. For the NY Fed to call this a “digital dollar” and “distributed blockchain” are misnomers: they should be a CBDC and centralized bank transactions. Big banks are eagerly cooperating with the Fed. ⁃ TN Editor
The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.
The initiative was announced by the regional Federal Reserve bank and nearly a dozen financial institutions on Tuesday. A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger.
“The [project] will also test the feasibility of a programmable digital money design that is potentially extensible to other digital assets, as well as the viability of the proposed system within existing laws and regulations,” according to the news release.
The news comes as cryptocurrency and blockchain technology have exploded to prominence in the mainstream financial world. While the flagship cryptocurrency bitcoin peaked a year ago and has since been in precipitous decline, the technology behind such tokens has attracted interest from not only private financial institutions but also central banks across the globe.
In January, the Fed took a first step toward weighing the use of a central bank digital currency when it released its much-anticipated discussion paper and opened a four-month public comment period to receive input.
The paper said that a CBDC could streamline cross-border payments and could further enshrine and preserve the dominance of the dollar’s international role, including as the world’s reserve currency.
The findings of the new pilot project will be released after the 12-week test concludes, and the Fed has stressed that the experiment is not intended to advance any specific policy outcome or hint that the Fed is planning to make any big decisions about a central bank digital currency in the near future.
Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
GA election officials have created a tutorial on how to change a ballot, once it’s been scanned into the system. See it here, and notice the brand name of the machine: https://www.bitchute.com/video/myUv5qZtmOnT/
CAWS
November 16, 2022 2:22 pm
I hope some hacker takes them down as soon as it goes up. If this is forced on us we are screwed.
DawnieR
November 16, 2022 7:28 pm
They WILL fail!! With Crime (drugs, guns, prostitution, ect)…….by default, there will be a parallel economy and currency to this digital nonsense. We will also be looking to ‘criminals (hackers, ect) to ‘disable’ this digi surveillance system. Criminals will not take too kindly to being watched 24/7, while trying to ‘do business’. lol
Max Igan, who is now in Mexico, has pointed out….that ‘they’ can never do that chite there; not with all of the cartels. Plus MOST Mexicans do NOT have bank accounts.
[…] Technocracy news reports: A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger. […]
[…] New York Federal Reserve To Test Digital Dollar With Big Banks […]
Anne
November 21, 2022 10:35 am
Technocrats can plot and plan whatever they will. Only the willingly misinformed will continue to listen to liars of all stripes to their own detriment. As for some us. We will walk into the pearly gates of heaven starving and naked if that’s what it takes for us to get there. We are more concerned more about existing eternally in the lake of fire where there is no hope, peace or good health along with everlasting torment. More so than living in fear and distress over people who themselves will suffer eternal salvation and punishment for their ungodliness and wickedness.
Anne
November 21, 2022 10:37 am
Thanks again Patrick for your reporting. I don’t mean to belittle your warnings. They are plenty to be concerned about or dread ever having to face.
wpDiscuz
[…] Read original article […]
GA election officials have created a tutorial on how to change a ballot, once it’s been scanned into the system. See it here, and notice the brand name of the machine:
https://www.bitchute.com/video/myUv5qZtmOnT/
I hope some hacker takes them down as soon as it goes up. If this is forced on us we are screwed.
They WILL fail!! With Crime (drugs, guns, prostitution, ect)…….by default, there will be a parallel economy and currency to this digital nonsense. We will also be looking to ‘criminals (hackers, ect) to ‘disable’ this digi surveillance system. Criminals will not take too kindly to being watched 24/7, while trying to ‘do business’. lol
Max Igan, who is now in Mexico, has pointed out….that ‘they’ can never do that chite there; not with all of the cartels. Plus MOST Mexicans do NOT have bank accounts.
‘THEY’ WILL FAIL!!
[…] Read More: New York Federal Reserve To Test Digital Dollar With Big Banks […]
[…] Read More: New York Federal Reserve To Test Digital Dollar With Big Banks […]
[…] Read More: New York Federal Reserve To Test Digital Dollar With Big Banks […]
[…] Technocracy news reports: A news release referred to the experiment as a “proof-of-concept project” in which the banks will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger. […]
[…] New York Federal Reserve To Test Digital Dollar With Big Banks […]
Technocrats can plot and plan whatever they will. Only the willingly misinformed will continue to listen to liars of all stripes to their own detriment. As for some us. We will walk into the pearly gates of heaven starving and naked if that’s what it takes for us to get there. We are more concerned more about existing eternally in the lake of fire where there is no hope, peace or good health along with everlasting torment. More so than living in fear and distress over people who themselves will suffer eternal salvation and punishment for their ungodliness and wickedness.
Thanks again Patrick for your reporting. I don’t mean to belittle your warnings. They are plenty to be concerned about or dread ever having to face.