Unless you’ve been living under a rock, you know that the powers that be want to get rid of all cash payments worldwide. Why? Because they want to track every single transaction you make that’s why! We shall start with what the US govt is calling “ECASH” which is what the US Treasury will now start experimenting with. Here is the official statement on the matter.
On March 28, 2022, Rep. Stephen Lynch (MA-08), Chair of the House Committee on Financial Services’ Task Force on Financial Technology, introduced H.R. 7231 – The Electronic Currency and Secure Hardware (ECASH) Act (full text here).
The ECASH Act is co-sponsored by Rep.’s Jesús G. “Chuy” García (IL-04), Rashida Tlaib (MI-13), Ayanna Pressley (MA-07), and Alma Adams (NC-12) of the Committee on Financial Services, and endorsed by Americans for Financial Reform, Demand Progress, the Action Center on Race and the Economy (ACRE), and Public Money Action.
The bill directs the Secretary of the Treasury to develop and pilot digital dollar technologies that replicate the privacy-respecting features of physical cash, in order to promote greater financial inclusion, maximize consumer protection and data privacy, and advance U.S. efforts to develop and regulate digital assets. Read the rest by CLICKING HERE!
Next up is some really good information from Armstrong Economics on how this new ECASH system will REALLY work, not how they SAY it will work!
Next week there will be a bill introduced which will be entitled ECASH (Electronic Currency and Secure Hardware Act. This is in response to President Biden’s Executive Order on Ensuring Responsible Development of Digital Assets to develop the digital dollar design, including assessments of financial inclusion, possible benefits and risks for consumers, existing payment systems, and national security.
ECASH is very clever for it is actually transferring the creation of the currency from the Federal Reserve to the US Treasury or in other words the White House. The Treasury will distribute DIRECTLY to the public via a secured hardware device which will be something along the lines of like a vending machine. All of those who have created conspiracy theories about banks that own the Fed will now have to switch their theories for the creation of money will now reside in the White House.
Here is the catch, it will be anonymous so it will not be trackable like Blockchain cryptos. People will cheer that, but there will be that infamous Catch 22. Individuals may be restricted to having a maximum of $2,000. That means all money will need to be deposited so it is a covert way of canceling the currency. But they are not dealing with that issue just yet. The end goal here is to force all money to be above board for the purposes of taxation. So it may actually result in creating more of a barter economy.
As you can see the devil is always in the details! Like the article said, the end goal here is to force all money into the open so it can all be taxed. No more “under the table” cash payments for anything although I do see a barter economy already developing on social media. I would expect to see a black market open up for just about everything once this system begins.
Last but definitely not least is this video from Hugo Talks. I found this on Bitchute while doing research on this subject. The video does a great job of exposing the new cashless society and how it will work. Remember it’s all part of the “Great Reset” the World Economic Forum keeps talking about! This is the BEAST system getting it’s tentacles into everything. There will be no more privacy in this new world order.
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