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I don't see your concern. I see an attempt to control crypto (which is concerning) and (possibly) NFTs, but nothing here says we're about to eliminate cash.
Were I of the opinion this executive order was a move to eliminate cash, I'd be dead-set against it. I just don't see it, though.Think science fiction.
No more hard currency, all electronic.
This allows for several government controls.
1. Track all spending and earnings.
2. Seize/freeze all "electronic funds."
3. Monitor YOUR movements more easily.
4. Allow businesses to also do all kinds of tracking they want by access to "spending trends," preferred locales, etc. Isn't it enough that they already do this with credit/debit cards...and your phones?
I am leery of all the dependence on electronics already being used. As well as all the tracking methods and how this is being used to "guide us" along paths that special interests want us to travel along.
The more "they" can see, the less privacy we have, and the more dependent we become.
Were I of the opinion this executive order was a move to eliminate cash, I'd be dead-set against it. I just don't see it, though.
You’re making shit up the order doesn’t actually say and you seem confused as to why not everyone is just assuming the same things as you.Why else would the government want to adopt "electronic currency?"
Look at the historical transition of currency.
1. Barter. Not very efficient and hard to tax.
2. Metallic coin. Durable, taxable, had intrinsic value (Gold, Silver, etc.) that was universally accepted.
3. Paper money, backed by metals (gold, silver, platinum, etc.). Less durable, but still trusted as having exchange value for real value.
4. Paper money, backed by "faith" in government. Less durable, subject to inflation and deflation. But at least the ability to carry and spend it without concern for Big Brother.
5. Debit/Credit Cards. Still backed by "faith" in banks and the ability to convert bank funds into hard currency if needed. But trackable. I prefer cash.
Now the "future" wants to go full electronic? Easy to monitor, easy to control, backed by nothing except faith in government.
Faith in government? That's a laugh!
Think science fiction.
No more hard currency, all electronic.
This allows for several government controls.
1. Track all spending and earnings.
2. Seize/freeze all "electronic funds."
3. Monitor YOUR movements more easily.
4. Allow businesses to also do all kinds of tracking they want by access to "spending trends," preferred locales, etc. Isn't it enough that they already do this with credit/debit cards...and your phones?
I am leery of all the dependence on electronics already being used. As well as all the tracking methods and how this is being used to "guide us" along paths that special interests want us to travel.
The more "they" can see, the less privacy we have, and the more dependent we become.
While this order (and the regulatory actions that motivated it) are bad, it doesn't do what you say. This is an attempt to further regulate cryptocurrencies (such as Bitcoin, Ethereum, etc.), likely with the goal of establishing a blacklist of sorts for "dirty" cryptocurrency. It doesn't have anything to do with the use of dollars (in either physical or electronic form).I just found out about this Executive Order, not by any Major news report, just a random advertisement on YouTube while waiting for my next video to start.
Here is a link to the full Executive Order: https://www.coindesk.com/policy/202...-of-bidens-executive-order-on-cryptocurrency/
So you don't think it is a fake, here is a link to the White House "Briefing Room" fact sheet: https://www.whitehouse.gov/briefing...ing-responsible-innovation-in-digital-assets/
Reading through all the justifications and 'lofty goals" you eventually get to this part:
"Within 120 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the administrator of the United States Agency for International Development, and the heads of other relevant agencies, shall establish a framework for interagency international engagement with foreign counterparts and in international fora to, as appropriate, adapt, update and enhance adoption of global principles and standards for how digital assets are used and transacted, and to promote development of digital asset and CBDC technologies consistent with our values and legal requirements. This framework shall be coordinated through the interagency process described in section 3 of this order. This framework shall include specific and prioritized lines of effort and coordinated messaging; interagency engagement and activities with foreign partners, such as foreign assistance and capacity-building efforts and coordination of global compliance; and whole‑of‑government efforts to promote international principles, standards and best practices. This framework should reflect ongoing leadership by the Secretary of the Treasury and financial regulators in relevant international financial standards bodies and should elevate United States engagement on digital assets issues in technical standards bodies and other international fora to promote development of digital asset and CBDC technologies consistent with our values. (ii) Within one year of the date of the establishment of the framework required by section 8(b)(i) of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the director of the Office of Management and Budget, the administrator of the United States Agency for International Development and the heads of other relevant agencies as appropriate, shall submit a report to the president on priority actions taken under the framework and its effectiveness."
It appears that our government is not only concerned about "independent" electronic currency, but seeks to adopt it and adapt our monetary system to a method of currency that can be easily monitored and better controlled.
Shades of every Sci-Fi story where the government not only controls your money completely, but knows how you spend it.
Are you for this? Against this? Other?
It's about cryptocurrencies, nothing to do with US dollars.I just found out about this Executive Order, not by any Major news report, just a random advertisement on YouTube while waiting for my next video to start.
Here is a link to the full Executive Order: https://www.coindesk.com/policy/202...-of-bidens-executive-order-on-cryptocurrency/
So you don't think it is a fake, here is a link to the White House "Briefing Room" fact sheet: https://www.whitehouse.gov/briefing...ing-responsible-innovation-in-digital-assets/
Reading through all the justifications and 'lofty goals" you eventually get to this part:
"Within 120 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the administrator of the United States Agency for International Development, and the heads of other relevant agencies, shall establish a framework for interagency international engagement with foreign counterparts and in international fora to, as appropriate, adapt, update and enhance adoption of global principles and standards for how digital assets are used and transacted, and to promote development of digital asset and CBDC technologies consistent with our values and legal requirements. This framework shall be coordinated through the interagency process described in section 3 of this order. This framework shall include specific and prioritized lines of effort and coordinated messaging; interagency engagement and activities with foreign partners, such as foreign assistance and capacity-building efforts and coordination of global compliance; and whole‑of‑government efforts to promote international principles, standards and best practices. This framework should reflect ongoing leadership by the Secretary of the Treasury and financial regulators in relevant international financial standards bodies and should elevate United States engagement on digital assets issues in technical standards bodies and other international fora to promote development of digital asset and CBDC technologies consistent with our values. (ii) Within one year of the date of the establishment of the framework required by section 8(b)(i) of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Secretary of Commerce, the director of the Office of Management and Budget, the administrator of the United States Agency for International Development and the heads of other relevant agencies as appropriate, shall submit a report to the president on priority actions taken under the framework and its effectiveness."
It appears that our government is not only concerned about "independent" electronic currency, but seeks to adopt it and adapt our monetary system to a method of currency that can be easily monitored and better controlled.
Shades of every Sci-Fi story where the government not only controls your money completely, but knows how you spend it.
Are you for this? Against this? Other?
Your inner conspiracy theorist is getting the better of you. None of this means what you think it does.Why else would the government want to adopt "electronic currency?"
Look at the historical transition of currency.
1. Barter. Not very efficient and hard to tax.
2. Metallic coin. Durable, taxable, had intrinsic value (Gold, Silver, etc.) that was universally accepted.
3. Paper money, backed by metals (gold, silver, platinum, etc.). Less durable, but still trusted as having exchange value for real value.
4. Paper money, backed by "faith" in government. Less durable, subject to inflation and deflation. But at least the ability to carry and spend it without concern for Big Brother.
5. Debit/Credit Cards. Still backed by "faith" in banks and the ability to convert bank funds into hard currency if needed. But trackable. I prefer cash.
Now the "future" wants to go full electronic? Easy to monitor, easy to control, backed by nothing except faith in government.
Faith in government? That's a laugh!
While this order (and the regulatory actions that motivated it) are bad, it doesn't do what you say. This is an attempt to further regulate cryptocurrencies (such as Bitcoin, Ethereum, etc.), likely with the goal of establishing a blacklist of sorts for "dirty" cryptocurrency. It doesn't have anything to do with the use of dollars (in either physical or electronic form).
My apologies. I missed the part about "Central Bank Digital Currencies".Not true. READ the entire order.
It starts off (as many twisted goals do these days) with a high-sounding rationale. But when you read it all you find it is about CONTROL and seeking to create a true electronic international monetary system for this purpose.
Now when cellphones came out no one thought they would become the prime method of communication in use today, or that they would almost completely replace the old telephone systems. Hell, electronic money was created as an alternative to "real money" that people could use to "barter" with outside the control of governments.
Apparently, governments don't like this for all sorts of "control" reasons.
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