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

 
Anonymous Coward
User ID: 78136078
Canada
03/24/2020 10:18 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
I'm not a big fan of digital currency but it's the way of the future whether we like it or not.

Youth today move money around with their phones so they won't have a problem with digital money at all.

The only problems I see is:
When do we get social rated like the Chinese. Bad credit can't be hidden.

If you get sued by someone in court the judge can just snap his fingers and delete your digital funds to the plaintiff instead of putting you on a payment plan.

Spouce that owe child support will have auto deductions to the one keeping the kids right on his payday with no recourse.

Everything you buy and every where you go can be tracked and taxed appropriately and instantly.

In the end, all this will cause people that want cash to live with will need to turn into a rebel underground to live while using old cash and bartering.

Life is going to change with many less freedoms with digital trackable currency.
 Quoting: Anonymous Coward 76538212


This. Exactly.
 Quoting: PixieCat


It's cheap, it's clean, and it's open source.
 Quoting: Anonymous Coward 78136078


currency. is dark Deep State now.
Anonymous Coward
User ID: 78136078
Canada
03/24/2020 10:20 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
I'm not a big fan of digital currency but it's the way of the future whether we like it or not.

Youth today move money around with their phones so they won't have a problem with digital money at all.

The only problems I see is:
When do we get social rated like the Chinese. Bad credit can't be hidden.

If you get sued by someone in court the judge can just snap his fingers and delete your digital funds to the plaintiff instead of putting you on a payment plan.

Spouce that owe child support will have auto deductions to the one keeping the kids right on his payday with no recourse.

Everything you buy and every where you go can be tracked and taxed appropriately and instantly.

In the end, all this will cause people that want cash to live with will need to turn into a rebel underground to live while using old cash and bartering.

Life is going to change with many less freedoms with digital trackable currency.
 Quoting: Anonymous Coward 76538212


This. Exactly.
 Quoting: PixieCat


It's cheap, it's clean, and it's open source.
 Quoting: Anonymous Coward 78136078


currency. is dark Deep State now.
 Quoting: Anonymous Coward 78136078


The Fed is the dark Deep State, apparently
Major Doom

User ID: 76715874
United States
03/24/2020 10:27 PM

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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
Those that claim that there is nothing wrong with it and it's nothing more than like crypto-currency are not thinking it through very well. Every transaction is tracked using crypto-currency, such as BitCoin. But, with systems such as BitCoin, the identity of those using it are not tracked. With the Digital Dollar and its accompanied Wallet, not only is every transaction tracked, but the identity of the one making the transaction is tracked as well. Everything you purchase is tracked to you.

It doesn't take a leap of logic to see that, if they deem this Digital Dollar System successful, the Federal Reserve System will phase out paper currency in favor of the Digital Dollar. Cutting out the production of printing paper Federal Reserve Notes will allow the Fed to steal more off the backs of the People. Once this is phased into a Digital Dollar on a permanent basis, no man, rich or poor, free or bond, will be able to buy or sell without the Digital Dollar.

Last Edited by Major Doom on 03/24/2020 10:28 PM
DOOM is what you make of it.
Anonymous Coward
User ID: 1298661
United States
03/24/2020 10:29 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
The Democrats/communist/socialists/leftists want to eliminate paper money and digitize the currency so that they can tax and seize capital at will.
SoberLife

User ID: 78446523
United States
03/24/2020 10:33 PM

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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
You guys do realize that once they make money digital, it's a total tax takeover.

No more handing a $20 bill to a friend or family member (or drug dealer). Every transaction will come with a transaction fee + state tax + local tax + more more more taxes. Every transaction will be indefinitely traceable. Talk about Orwellian nightmare.

The amount will be charged at the time of transaction. If you cannot cover the fees, the transaction will fail.

This ensures that even if the digital cash says I have $100k in my account, I actually have nothing. The gov will posses all real money.

---

Let's play a mind game here. Say there's only $100 of currency in the civilian population. How many times does the government have to tax that $100 before they own all of it, and we own nothing? NOT FUCKING LONG AT ALL! This is exactly what has happened and continues to happen. A big pyramid scheme. We're the ones that are perpetually fucked

---

This is able absolute government control. If they pass this our society will be worse than China overnight.
Trommy

User ID: 35809485
United States
03/24/2020 10:37 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
There is nothing good that can come from this. The government will watch every item you buy. Resist these animals!
Anonymous Coward
User ID: 77267803
United States
03/24/2020 10:44 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
Important addition from this thread Thread: Banks Can't deliver on Comex Gold Contracts

This is from a bullion dealer in the GTA..

Some of you may find this of interest or alarming.

they are no longer accepting cash payments for bullion...only traceable payments.


COVID-19 UPDATE FROM CANADIAN PMX
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Over the past few weeks demand for physical gold and silver has been far greater than the metal available in the market and supply chain. This is not only from Canadian PMX, but through all major bullion companies around the world. At the same time, production of finished bullion products from most mints has been suspended to prevent the spread of Covid-19. We expect all “standard” major mint products to go back into production as soon as the threat passes. In the event that a mint or other manufacturer is unable to provide to Canadian PMX the exact product as ordered, you will be offered a similar available product. If this is not satisfactory, the order for the affected item may be cancelled.

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 Quoting: COVID19
Rogue bear poop

User ID: 34713228
United States
03/24/2020 10:44 PM

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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
"Let them eat toilet paper !"

Idol1
Karach123

User ID: 78086220
Canada
03/24/2020 10:45 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
I'm surprised so many people are not even past the left right paradigm yet.
Anonymous Coward
User ID: 66721050
United States
03/24/2020 10:57 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
The Democrats/communist/socialists/leftists want to eliminate paper money and digitize the currency so that they can tax and seize capital at will.
 Quoting: Anonymous Coward 1298661


Your bank balance/credit rating will be your "social credit score".

One and the same identical.
Anonymous Coward
User ID: 66721050
United States
03/24/2020 11:00 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
There is nothing good that can come from this.

The government will watch every item you buy.

Resist these animals!
 Quoting: Trommy


The hackers & scammers will be paying even closer attention.
Anonymous Coward
User ID: 77449541
United States
03/25/2020 01:27 AM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
Any place/group with influence doesnt last long before it gets bought out/infiltrated and misdirected.
pool
* 2020 Year of the Rat *

User ID: 77119396
United States
04/01/2020 12:27 PM

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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
STILL NOT FKN PINED??? Every last person here should be ashamed and they all get whats coming!!
 Quoting: Anonymous Coward 6773173



It's a personal pine of mine. Any links for investing on this us.gov digital?
Treat life with love.
Anonymous Coward
User ID: 78707146
United States
04/09/2020 11:51 AM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
we continue to learn the MAIN GAME....

[link to www.youtube.com (secure)]
Anonymous Coward
User ID: 23229029
United States
06/02/2020 11:15 PM
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Re: New Coronavirus Stimulus Bill In Congress Creates U.S. Digital Dollar
But it was written in a few days, right?
 Quoting: Anonymous Coward 18403906


Just like the Patriot Act. wink wink





GLP