Revelation 13:17 CBDC Watch: Straight Truth From a Federal Reserve Bank President: We Do Not Need A CBDC We already have the ability to transfer money instantly through Venmo or Zelle. He noted that the only purpose of CBDC is to monitor and tax the financial transactions of each person in real time. EVA J TOMPKINS, ESQ. JAN 29, 2024. https://revelation1317cbdcwatch.substack.com/p/straight-truth-from-a-federal-reserve

 

Revelation 13:17 CBDC Watch

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Straight Truth From a Federal Reserve Bank President: We Do Not Need A CBDC

We already have the ability to transfer money instantly through Venmo or Zelle. He noted that the only purpose of CBDC is to monitor and tax the financial transactions of each person in real time.

EVA J TOMPKINS, ESQ.

JAN 29, 2024

President of the Federal Reserve Bank of Minneapolis, Neel Kashkari: CBDC doesn't solve any actual problems, other than enabling central bankers to monitor all transactions, impose negative interest rates (a deduction from your account), and deduct taxes directly from people's accounts in real-time.

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Hat tip to the Lioness of Judah Ministry and WideAwakeMedia.

Please watch the video. It is very short:

Here is a transcript of the key part of his remarks:

"I keep asking anybody, anybody, at the Fed or outside of the Fed, to explain to me what problem this is solving…. I can send anybody in this room five dollars with Venmo right now. [background laugh] Right? No, seriously, so what is it that a CBDC could do that Venmo can’t do? And all I get is a bunch of hand-waving… ‘Well, China is doing it.’ Well, I can see why China would do it. If they want to monitor every one of your transactions, you could do that with a central bank digital currency. You can’t do that with Venmo. If you want to impose negative interest rates, you could do that with a central bank digital currency. You can’t do that with Venmo. And if you want to directly tax customer accounts, you could do that with a central bank digital currency. You can’t do that with Venmo. So I get why China would be interested. Why would the American people be for that?"

Mr. Kashkari makes it plain that we DO NOT NEED a Central Bank Digital Currency (CBDC), and the only possible difference between CBDC and our existing instant payment systems is that the government will then be able to monitor your transactions, and tax you instantly or impose negative interest rates (a deduction from your account to the central bank, here in the US, the Federal Reserve), in real-time. No one at the Fed has given him a good reason why we need a CBDC nor provided any evidence that a CBDC would promote financial inclusion or any other vague reason they have given to date.

I would add that the government will then ALSO be able to adjust or freeze your balance whenever they want, for any reason, and in that way, the government will be able to control the behavior of individuals by financially punishing behavior that the government deems to be unfavorable or undesirable and to reward and elicit whatever behavior the government wishes to elicit from the populace.

Thank you, Mr. Kashkari, for speaking the plain truth, being skeptical, critically thinking, and asking important questions.

Revelation 13:17 CBDC Watch is a reader-supported publication. To receive new posts and support my work, consider becoming a free or paid subscriber.

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Aubrey L Duncan

Unfolding Prophecy

Jan 30

Liked by Eva J Tompkins, Esq.

CBDC is tyranny.

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Brian Beavers

Brian’s Substack

Jan 30

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END the FED and CBDCs! #jeffersonjackson>hamilton

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