Monday, August 29, 2022

U.S. EO 14067: Will Paper Currency Really End?

Executive Order 14067 update: will paper currency really end in the U.S. on December 13, 2022, and be replaced by government-controlled cryptocurrency?

Every week, we receive emails from Chinese citizens written in Mandarin. Many of said emails contain disturbing videos of people spontaneously dropping dead. Unfortunately most of the videos and stories lack enough context for us to report on them. Further, Mandarin is like Filipino/Tagalog, in that it does not translate cleanly to English. But ultimately we’re all human beings enduring The Great Reset, orchestrated by “people” who harbor vile contempt for humanity at-large. Body language is universal.

Most of the world went along with experimental mRNA and viral vector DNA injections. People protested masks and lockdowns throughout the Western world. But ultimately, most went along with it all, despite how radical the changes were to societal norms. And now TPTB know they can get away with pretty much anything.

It calls for the creation of Central Bank Digital Currencies (CBDCs), which in the case of the United States, would be administered by the Federal Reserve. The “conspiracy theory” is that once CBDCs are implemented, the government can instantly shut off money access to anyone who is not being obedient. They can also track every single transaction and even limit the amount of money you can hold and spend at any given time.

Mr. Jim Rickards is a lawyer and author of seven books, including Currency Wars: The Making of the Next Global Crisis (2011) and his most recent one, The New Great Depression: Winners and Losers in a Post-Pandemic World (2021). He “predicted the Great Recession” of 2008, according to Business Insider.

To be clear, this blogger worked at a major bank as a mortgage underwriter from 2001 to 2006, while moonlighting on the radio. Anyone who processed and approved those adjustable-rate mortgages (ARMs) by the hundreds everyday for people with sketchy credit knew that financial ruin was forthcoming. Thus, Mr. Rickards’ prediction thereof wasn’t all that profound.

But now he’s predicting a “C-Day.” Several alternative news sites are covering said prediction.  C-Day will take place on December 13, 2022. U.S. paper dollars will become completely worthless, and you’ll only be able to use “Biden Bucks” (the new CBDC) from that day forward, according to Mr. Rickards.

The following video was taken sometime in early June. Not only is everyone forced to wear masks, but also must scan a QR Code to enter Shanghai. You cannot enter if your last negative PCR test is more than 72 hours old. Even if you slip past that, you won’t be able to enter any public places or public transportation without the “green code.”

Now let’s say you want to buy coffee. Most people use the QR code on their phones to make the purchase. WeChat, owned by Chinese tech firm Tencent, is the most popular social media app in the country. Users can scan their palm prints, and make payments with only their hands without using the smartphone.

There’s also the option to scan your face to make payments. School children are also forced to scan their faces everyday to even enter the school buildings.

The following video is reason number-one as to why the United States is unlikely to fully implement digital currency and eliminate fiat on December 13. The end game is a social credit system. China has been working on its version since 2014. The government planned full implementation by 2020, but it didn’t happen for various reasons. Still, several million people are in the “beta” social credit system in 2022, with some currently being punished in society for having low social credit scores.

There’s no way the United States can implement a social credit system or even an infrastructure to widely accept government cryptocurrency payments by December 13. China has been working on it for nearly 10 years, and is still not done. Further, at least one survey in 2018 found that 80% of Chinese citizens strongly or somewhat approve of social credit systems. In other words, China could not finish its social credit infrastructure even with the vast majority of the population cooperating with it all.

Theoretically the December 13 CBDC date could happen. But manual enforcement would be necessary.

Biden signed the Inflation Reduction Act into law on August 16. The pork-filled $737-$790 billion spending bill appropriates nearly half of said funds to “climate change.” But the part that caught a lot of people’s attention is the $80 billion allocated to hire 87,000 new IRS agents to allegedly go after low and middle earners. It didn’t help that the IRS posted an ad earlier this month for hiring special agents. One of the requirements for potential candidates was that they must “be willing to use deadly force.” The IRS deleted the “deadly force” part from the ad after major backlash.

At some point before the year 2030, paper fiat currency will be eliminated and every American will be forced to use Federal Reserve-owned cryptocurrency. It won’t be a pretty transition, and violence is likely to be the result as many people stand to lose a lot.

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