In a frightening extension of government power, the IMF intends to do away with cash and replace it with the digital dollar. It is a grand plan by the IMF and central bank planners to take total and complete control of America’s pocketbook. What we can look forward to is negative interest, inflation, and stealing from the American public. Does that sound scary and “un-American”? It is.
In this episode:
Introduction of the digital dollar [1:00]
How it’s going to work with lower interest rates [3:00]
Unintended consequences [4:00]
Why do we have transfers of money from the government [6:00]
Inflation goes along with the rollout of the digital dollar [8:30]
Negative interest rates can’t happen with cash [12:00]
Cash transactions will become taxed [15:00]
IMF working paper- strategy to move to electronic money [20:00]
What happens when the government is your bank [21:00]
Cash helps people [26:00]
You have the control to spend what you want to spend on with cash [27:00]
Take note - the digital dollar is coming - don’t allow Congress to pass this [29:00]
If you’d like to watch on YouTube, check out our video here:
References:
The Economist Will the economic and psychological costs of covid-19 increase suicides?
Caitlin Ostroff, The Wall Street Journal. Why Central Banks Want to Create Their Own Digital Currencies Like Bitcoin