Is A National Crypto Currency coming to a Smartphone near You?
Seems they are working on this even as you read this article.
Let’s take a look at this National Crypto Currency conspiracy now’
The Federal Reserve is preparing to issue electronic currency right to your phone.
So the Main Stream Media haven’t told you about this?
Negative Interest Rates
You’ve no doubt by now heard about negative interest rates’
Central Banks have wanted to implement negative interest rates for some time now.
Watch government-Backed Digital Currency Why You Should Be Terrified!
The way they will do this is by providing an App that you will download to your phone. No doubt they
George Gammon says we should be terrified!
But how they will get Adoption?
What the Fed will do is offer Fed coins to everyone who will use the app.
We are definitely living in strange times.
Block chain. Now we will see how the government and the banks are intertwined with this new currency.
This is how governments will track every single transaction made. The Fed coin will have a code that tracks the coin.
Programmable Digital Currency
With a programmable digital currency they the government or the banks can limit what you spend this currency on.
They can authorize uses for these coins for specific reasons. So you want to borrow to buy something and go to a bank to get a loan. If you qualify then all they need to do is to load the fed coins onto your account.
The coins are software based on block chain technology.
The Fed Coins
As the government can turn off your account any time they feel you are not doing what they tell you. They can do this because they will control the currency in your phone.
Austrian Economics
A teaching in Austrian Economics states that whenever new money is created, the first people to get that money actually get the most benefit from the new money.
That new money eventually trickles out into the economy where the average person gets it after it’s lost some of it’s purchasing power.
So average people don’t benefit from this new money.
The Means and Power of Exchange
Does the government have the constitutional power to do all of this?
