this is the whips and the chains that they can impose if we go to a purely government-backed digital currency get ready because your enslavement is coming much much sooner than you think you know that old saying coming to a theater near you well this is coming it's being provided by your own willingness to go along with these things and it's going to be enabled by the phone in your pocket that's how close it is to you it's as close as your telephone uh robert breedlove the ultimate weapon of economic tyranny


is coming all federal reserve banks shall not later than january 1st 2021 make digital wallets available to all residents and citizens of the united states and to businesses domiciled in the united states now china's been working on this for a while china moves away from the u.s dollar ahead of digital yuan so they're going to have a cryptocurrency based yuan and we've known that for a while it's coming we thought they would be first possibly not in unprecedented monetary overhaul


the fed is preparing to deposit digital dollars directly to each american and then another article on xero hedge fed's direct money transfers are coming leo brainard she's a fed governor says fed is collaborating with mit on hypothetical hypothetical digital currency well it's not so hypothetical leo uh so here are this is congress.gov and you can go there and you can see all of the stuff that they are planning and these are hearings to examine the digitization of currency and payments they don't understand the


difference between money has to be a store of value that's one of the attributes that it has to have there is no such thing as a national fiat money they're all currencies that's the reason we have the foreign currency exchange it's a currency exchange not a money exchange including this is the illicit cash act to improve laws relating to money laundering and this is the banking for all act to require member banks to maintain pass-through digital dollar wallets for certain persons


and so here are the two acts and you can click on those and the illicit cash act uh you know there's a summary here and some of the things that you know everybody should read this stuff it's important but uh this act this bill will compel foreign banks to comply with subpoenas for records and allowing fines of foreign banks that fail to comply so they're going to find foreign banks banks in switzerland and france and china and and everywhere else in the world they have to comply or we find them and if they refuse to


pay the fine we can freeze them out of the world monetary system through the swift system and we've been playing this game this kind of bullying is the reason that the dollar will one day stop being the world's reserve currency the global dollar standard as i have been saying for many many years is on its last legs and eventually it will fall apart where we do not get to run the world monetary system and it's a shame because there are enormous benefits the wealth transfer and the lifestyle


that we have a lot of it depends on being the the bank running the game uh basically there is a wealth transfer that goes on from the rest of the world to us uh and you know it's in hidden secrets of money so i forgot what episode that is but you can watch it uh another one here that's uh threatening is expanding the regulation of digital currencies so they want to somehow regulate bitcoin and all of the other digital currencies that are not part of their little sphere of influence as you will see in a minute


and then you can also click on the text i don't recommend reading all of this stuff well you could i mean anybody that has the time should i've read it but it's long and boring but you're going to pull some things out of it that you know if you always look at the wording and are suspect of how it could be interpreted then you can pull a lot more out of these things than it appears so if you click on all actions here on the actions tab you can see that it was introduced in september of last year


and it was read twice uh and to the senate in in the senate and referred to the committee on banking housing and urban affairs and then that committee held hearings on it twice once in december and at the end of june june 30 remember that date so uh moving on to the banking for all act so uh here again there's a summary and the summary there's some things that you know this bill requires that requires federal reserve member banks to provide digital pass-through accounts now the federal reserve member banks


that's most banks but not all digital pass-through accounts i.e digital dollar wallets to residents and citizens and to businesses domiciled in the united states among other things these accounts must provide specified banking services to be eligible to eligible persons to eligible persons who elect to deposit funds into these accounts this is important who that makes it sound very voluntary who elect to deposit funds into these accounts including access to c1984 or uh also known as the batman


wu flu the batman wu flu c1984 we'll get into that in an upcoming video aid payments so persons uh who elect to deposit aid payments i mean how can you refuse everybody is going to download one of the these aren't this isn't voluntary uh when they dangle a carrot or actually they've got a worm on a hook and they're dangling it in front of the the uh american public everybody and uh as these payments you know that you've got an account and they deposit into these accounts and


you got a thousand there and after a while you got five thousand there after you you're not going to be able to resist this 99 of the population is going to fall for this these accounts may not charge may not charge fees it doesn't say will not charge fees they may not charge fees wording is very important how will this be interpreted in the future or have balance requirements and must provide a specified interest rate provide not pay a specified interest rate but provide one we're going to get into that in a


moment in areas with limited access to federal reserve member banks these banks must partner with the post office to provide services that's important also remember the post office uh they they're they may not charge fees and they must provide a specified interest rate federal reserve banks must permit state non state non-member banks and credit unions now at this point that's every banking financial institution that there is in the united states so they must permit them to open master accounts for the purpose


of offering digital pass-through accounts now if your customers um have you know there's been these um c 1984 payments into an account that you can claim uh that's connected with your identification that you can claim and you've got fi you know it builds up you got a thousand dollars but after ten months you got ten thousand dollars sitting there who is not going to claim that and so these non-member banks and credit unions don't want to lose you as a customer and so they are going to


do this uh retail postal facilities in certain small banks must be reimbursed for the appropriate federal reserve bank for operational costs by the appropriate federal reserve bank uh incurred offering these accounts so it's not going to cost all of the banks and credit unions anything to do this to get you trapped and enslaved the text of the bill it's you know these are all long things actions too and uh you when you click on that you have to this is the overview uh it was introduced in the senate


when you click on all actions it was read twice referred to the committee on banking housing and urban affairs same committee that is reviewing the illicit cash act and the hearing that they had on it you know it was this was introduced on march 23rd remember that date march 23rd it's important it was introduced uh it was the hearing that was held uh was on 6 30. that's the same date as the second hearing on the illicit cash act so these two things really go together that they want to control the currency completely and


control everything that you do with it that's the big problem i'll get to those whips and chains that they're going to be using in a moment so march 23rd right there so the stock markets have been cr we had uh the c 1984 batman wuflu uh and the markets had been crashing for exactly a month and they lost a tremendous amount from 3 400 down to 22.50 here this is huge huge losses that we had the public was panicked they entered they did this hearing on like the date of maximum public panic uh so uh


now some of the things that are happening is uh this is the imf blog uh cashing in how to make negative interest rates work and this is an old article it's a a year and a half old uh in it they were trying to make negative if if they take interest rates too negative people will just take cash out of their bank and hold cash at home instead of having the cash in the bank accounts where they're getting charged a fee basically you know you can't have fees but you've got to provide an interest


rate well this interest rate is minus and so it's not a fee it's an interest rate and so uh your your cash in the bank dwindles if you don't spend it because what their goal is is to control velocity of currency watch episodes six and seven of hidden secrets of money if you want to know about that you should know about velocity of currency it's important it's going to have a lot to do with your future so uh watch those episodes and learn as much as you can about this uh but what they were proposing uh back


then was uh each country had at its own discretion having two different currencies uh the currency in the in circulation the paper currency which would be different than the dollars that are you know the the dollars that are in the ether or the currency that's in the ether the digital currency that's in your bank account and that you use on your credit card and every uh retailer would have to have uh two different prices for one price for the digital currency and one price for the cash currency


and say you're negative at three percent per year if you take out a hundred dollars out of the bank on a certain date and you bring it back and deposit it a year later you're only going to get 97 the 100 bill is only going to be worth 97 of the digital currency so there's an exchange rate that's constantly changing between them but that was extremely complex so what's next well the io this is also the imf and this is an old article this is from march of 2018 but what are cryptocurrencies they're


sort of getting us ready for this and then we go to the imf's twitter account and they have this slick little video on here what is cryptocurrency and so they're getting us ready globally for uh national fiat cryptocurrencies very very dangerous now remember the post office the post office just filed a patent for blockchain based secure voting system so not only is the post office going to be connected to your bank account they're going to be connected to your vote i don't know exactly


what the implications are for this but it's pretty big that basically your your digital wallet that you're the future of all of the transactions that you're going to be making uh is is also being done through the same place that you vote and that you know so this is pretty creepy folks and so uh i just had my uh spreadsheet master alan hibbard he does amazing work but he threw together this simple spreadsheet of interest rates if you deposit a hundred dollars on day one how many days this is the number of days


uh and we've got a negative interest rate of 0.1 per day here and as you can see by the time 11 days goes by uh you've lost one dollar out of a hundred you've lost one percent uh and then uh i've hidden a bunch of the rows on uh this because i wanted to show you that after one month uh you've lost just about three percent after a month you're down to 97 at 111 days uh you've lost 10 percent at 224 days you've lost 20 20 has vanished from your account at 357 days you've lost 30 percent


basically you're you're you're down to in this is the rate that credit cards charge if you default on a payment 30 annual interest uh and so at 365 it's uh 30.5 percent annual interest and you're down to less than 70 this means that you spend it as soon as you get it now there are when when you enslave people there's usually not just the shackles and chains but there's also whips involved so the shackles and chains is the currency that's going to be deposited into your phone wallet and available to


you the uh wips is this and a couple of other things uh i want you to go and watch this video it's very important by george gammon uh george is great he's going to teach this to you in three easy steps and uh he is good at connecting the dots this is what i do is connect the dots for people you take some complex process describe it in a way that uh people can understand it and uh you know i love george he is also a libertarian uh i am um you know a libertarian was originally that's a liberal


progressive socialists the socialist party has co uh commandeered the term liberal liberal does not mean what people think it means today somebody that was liberal during thomas jefferson's time believed in allowing people to do whatever they want as long as they don't impose themselves on or hurt other people and uh believed that the government they were fiscally conservative but socially liberal so you could do anything you want they didn't believe in trying to control your life uh so anyway go and watch george's


uh video because the one thing that i forgot when i was talking about uh the digital currencies and how the government could track you i forgot that these uh when you watch this the currencies are programmable they can make it so that if uh they don't like what you're doing uh if they don't want you to travel you won't be able to buy an airline ticket you won't be able to gas up you can't can't buy gas 50 miles from your home the currency doesn't work those dollars


uh won't purchase petrol any certain radius from your home they can actually make it so that your only choice is left they can either they can give you social credits if you're a good boy you do everything that the government wants and you don't do anything it doesn't want you to do then you have more freedom they're not going that you'll you'll have less taken out of your account or they may pay you a positive interest rate they can make it so that your dollars purchase


more when it's purchasing the things that they want you to purchase or when you're doing the things they want you to do they could they can uh like make that those currency units worth 10 percent more or they can make those currencies worth if they don't like how much your if you drink too much and they don't like how much you're drinking they can make it so that you go and to purchase some beer or wine and each dollar is only worth 50 50 cents at that purchase this is all programmable


they can make it so you can't travel they can make it so that the only thing that you can do is shop at the nearest grocery store and stay at home in your shitty government apartment this is the whips and the chains that they can impose if we go to a purely government-backed digital currency a blockchain digital currency now the way that you know even i uh if i'm getting these deposits of uh you know the magic money tree universal basic income you know the modern monetary theory and universal basic income


if you're getting a few thousand dollars every month into into an account or you know and they'll raise it five thousand dollars whatever it's going to be pretty tempting not to spend that but here is a way that you can maintain maximum freedom for the longest period possible give them as little data on you as possible if you get a thousand dollars each month right away before it decays make a thousand dollar purchase of something that they like pay your rent with it do something like that


you don't want to do a whole bunch of little purchases or purchase anything that they don't like if you give them the least amount of data possible of tracking your purchases you're going to maintain your freedom we are all going to maintain our freedom for as long as possible i hope you got something from this please subscribe to our channel and go and watch george's video george gammon what a guy watch a lot of his videos he's great he's going to teach it to you in three easy steps and he's going to go


tell you to go get a good stiff drink thank you very much for watching