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Josh Sigurdson talks with Mark Gonzales about the STABLE Act and GENIUS Act as the US House Committee passes the legislation making the cashless society a reality.
While cryptocurrencies were birthed from the idea of decentralization and resisting central banks and the mainstream financial system, they are quickly being used for the opposite as this new stablecoin legislation ensures KYC (Know Your Customer) surveillance.
Under an emergency order it would be incredibly easy to force people to use things like Tether as the go-to currency for trade. Every transaction would be tracked and traced and it's likely people would be forced to use a specific government made wallet to use it.
While Trump claims he banned CBDCs (Central Bank Digital Currencies), this only applies to the Federal Reserve. The Treasury can still release a digital currency and with this recent legislation, utilizing Tether, it is possible to simply use digital promissory notes on Tether.
Meanwhile, systemic risk of bank runs increase dramatically as the markets melt down and people attempt to withdraw from banks in big numbers. Basel 3 is in place and could result in bail ins at any time.
Chocolate Finance recently took a 500 million dollar hit from withdrawals in only 2 weeks.
Let's get real about preparing.
Stay tuned for more from WAM!
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World Alternative Media
By Josh Sigurdson4.8
2525 ratings
BUY GOLD HERE:
HELP SUPPORT US AS WE DOCUMENT HISTORY HERE:
GET NON-MRNA FREEZE DRIED MEAT HERE:
GET HEIRLOOM SEEDS & NON GMO SURVIVAL FOOD HERE:
GET YOUR APRICOT SEEDS at the life-saving Richardson Nutritional Center HERE:
Josh Sigurdson talks with Mark Gonzales about the STABLE Act and GENIUS Act as the US House Committee passes the legislation making the cashless society a reality.
While cryptocurrencies were birthed from the idea of decentralization and resisting central banks and the mainstream financial system, they are quickly being used for the opposite as this new stablecoin legislation ensures KYC (Know Your Customer) surveillance.
Under an emergency order it would be incredibly easy to force people to use things like Tether as the go-to currency for trade. Every transaction would be tracked and traced and it's likely people would be forced to use a specific government made wallet to use it.
While Trump claims he banned CBDCs (Central Bank Digital Currencies), this only applies to the Federal Reserve. The Treasury can still release a digital currency and with this recent legislation, utilizing Tether, it is possible to simply use digital promissory notes on Tether.
Meanwhile, systemic risk of bank runs increase dramatically as the markets melt down and people attempt to withdraw from banks in big numbers. Basel 3 is in place and could result in bail ins at any time.
Chocolate Finance recently took a 500 million dollar hit from withdrawals in only 2 weeks.
Let's get real about preparing.
Stay tuned for more from WAM!
Get local, healthy, pasture raised meat delivered to your door here:
DITCH YOUR DOCTOR!
SIGN UP FOR HOMESTEADING COURSES NOW:
GET YOUR WAV WATCH HERE:
GET ORGANIC CHAGA MUSHROOMS HERE:
GET AMAZING MEAT STICKS HERE:
GET YOUR FREEDOM KELLY KETTLE KIT HERE:
PayPal: [email protected]
FIND OUR CoinTree page here:
JOIN US on SubscribeStar here:
Pledge here! Just a dollar a month can help us alive!
BITCOIN ADDRESS:
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