New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar

March 23rd, 2020

Via: Forbes:

As the markets continue to drop and the U.S. looks to Congress for agreement on a massive stimulus package to save the economy from impacts of the coronavirus pandemic, the newest offer by House Democrats includes a very forward-looking kind of stimulus: the creation of a ‘digital dollar’ and the establishment of ‘digital dollar wallets.’ In what will send shock waves through the cryptocurrency and blockchain industry, particularly for those following central bank digital currencies around the world, this signals the U.S. is serious in establishing infrastructure for a central bank digital currency.

Both Speaker Pelosi’s ‘Take Responsibility for Workers and Families Act’ and the ‘Financial Protections and Assistance for America’s Consumers, States, Businesses, and Vulnerable Populations Act (H.R. 6321),’ introduced by Chairwoman Maxine Waters of Financial Services Committee, introduced these concepts today as a way of delivering the economic stimulus payments to U.S. citizens.

The bill establishes a digital dollar, which it defines 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).’ Additionally, a digital dollar wallet is identified as ‘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.’

A mandate also requires all ‘member banks’ establish a ‘pass-through digital dollar wallet’ to all customers eligible for the stimulus. Member banks include those banks that are ‘members’ of the Federal Reserve and regulated by the Fed. Additionally, ‘Non-Member’ state banks – those that not members of the Federal Reserve and regulated by the FDIC – could opt-in to offer pass-through digital dollar wallets as well.

Research Credit: RP

Posted in Coincidence?, COINTELPRO, Dictatorship, Economy, Elite, Fraud, Perception Management, Police State, Social Engineering, Surveillance, Technology | Top Of Page

3 Responses to “New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar”

  1. alvinroast says:
    March 23, 2020 at 7:42 pm

    “tied to a digital or physical identity”

    Apparently the graft is set to extend right up to the Apocalypse.

  2. dale says:
    March 23, 2020 at 8:57 pm

    @alvinroast,
    …somebody’s got to pay for it.

  3. dt says:
    March 25, 2020 at 6:51 am

    Oxford Study: Coronavirus May Have Already Infected Half of U.K. Population

    According to a team from Oxford’s Evolutionary Ecology of Infectious Disease lab, half of the population of the United Kingdom may have already been infected with the coronavirus. If this modeling is confirmed in follow-up studies, that would mean that fewer than .01 percent of those infected require hospital treatment, with a majority showing very minor symptoms, or none at all.
    https://nymag.com/intelligencer/2020/03/oxford-study-coronavirus-may-have-infected-half-of-u-k.html

    So the 1000-page $2 trillion stimulus bill passes (on top of what the Fed already did) and more or less simultaneously the narrative begins to change again?

    I had been beginning to think this may be an episode of mass psychosis, but the timing makes me wonder.

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