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US Central Bank Digital Currency Is Being Developed To Expand The Slave State

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Published on: December 16, 2022

It’s incredible how quickly things are melting down here in these united States and in other countries around the world.  The US dollar and economy is on the verge of collapse and the banksters have come up with a plan that would literally track every, single transaction you engage in, along with locking you out of the monetary system with the introduction of their Central Bank Digital Currencies.

Mac Slavo reports on what is now being developed to enslave the people to the beast system being established.

The New York Federal Reserve has been developing a “wholesale” central bank digital currency (CBDC) designed to speed up transfers between banks around the world. If you think it can’t happen in the United States, you are wrong. It is happening and it will be coming soon.

We will need to decide if we want to be slaves or if we are going to be free. The ruling class is not giving up. In a white paper on the project (creation of a digital currency) named Project Cedar, the New York Fed explained that it has already completed stage one of testing and proved that international currency transactions could be done both quickly and safely through the blockchain.

All the transactions will also be controlled and the illusion of freedom is going to be gone for good.

According to new Atlantic Council research, the United States, thanks to Project Cedar, has moved into development of a central bank digital currency and joined its colleagues at the European Central Bank, the Bank of Japan, and the Bank of England in making the leap forward. All of these jurisdictions have different projects (some, such as the United States, are focused on wholesale, while others, such as the eurozone, are hard at work on a “retail” digital currency that could be used to buy an espresso). Many of these central banks, including the Fed, have not actually decided to issue a CBDC—for that, most of the central banks will need legislative approval. And there are major privacy and cybersecurity challenges to address before most Americans open up their phones and use the digital dollar. –Atlantic Council

It will not be too much longer before we see the rulers attempt to force the CBDC on every single slave on the planet. We only have one choice: resist. Anything less is going to be permanent and irreversible enslavement.

Just last week, Zero Hedge reported on how Nigeria is limiting bank customers ability to withdraw from ATMs only $45 per day in order to advance their agenda of government-controlled digital payments.

A staggering number of Nigerians love Bitcoin, but hate government cryptocurrency (CBDCs).

In April, leading cryptocurrency exchange KuCoin noted that 35% of the adult population in Nigeria – roughly 34 million adults aged 18-60, own bitcoin or other cryptocurrencies. But when it came to the country’s Central Bank Digital Currency (CBDC), the eNaira, it was a massive failure.

According to Bloomberg, only 1 in 200 Nigerians use the eNaira – despite government implemented discounts and other incentives, implemented as desperate measures to increase adoption.

Now, the government is looking to boost digital payments by limiting ATM withdrawals to just 20,000 naira, or roughly US$45 per day, Bloomberg reports, citing a circular sent to lenders on Tuesday. The previous withdrawal limit was 150,000 naira (US$350).

Weekly cash withdrawals from banks are now limited (without fee) to 100,000 naira (US$225) for individuals, and 500,000 naira (US$1,125) for corporations. Any amount above this will incur a fee of 5% and 10% respectively.

The action is the latest in a string of central bank orders aimed at limiting the use of cash and expand digital currencies to help improve access to banking. In Nigeria’s largely informal economy, cash outside banks represents 85% of currency in circulation and almost 40 million adults are without a bank account. 

The central bank last month announced plans to issue redesigned high value notes from mid-December to mop up excess cash and it’s given residents until the end of January to turn in their old notes. The bank also plans to mint more of the eNaira digital currency, which was launched last year but has faced slow adoption. -Bloomberg

What’s more, new rules which will take effect Jan. 9 will ban the cashing of checks above 50,000 naira (US$112) over-the-counter, and 10 million naira (US$22,480) through the banking systems. Point-of-sale cash withdrawals have been capped at 20,000 naira ($45).

Meanwhile, banks are only allowed to load their ATMs with 200 naira denominations and under, while individuals and corporations will be allowed to cash a maximum of 5 million and 10 million naira respectively if there are “compelling circumstances not exceeding once a month,” and which will be subject to enhanced due diligence along with processing fees, according to the central bank. Such withdrawals will also require the approval of a bank CEO.

Customers should be encouraged to use alternative channels—Internet banking, mobile banking apps, USSD, cards, POS, eNaira to conduct their banking transactions,” said the central bank on Tuesday.

It’s happening there and has happened in other countries.  It will come to the US unless the people put a stop to it.

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