Banking on Reality.
CBDC…
Also known as Central Bank Digital Currency. March 9th, 2022 Joseph Biden signed executive order 14067, Ensuring Responsible Developing of Digital Assets.
Like everything the Biden Administration, i.e, the Marxist Democrat party has done over the last 7 or 8 decades, it doesn’t do what it’s language implies it will do. What executive order 14067 actually does, is direct the Federal Reserve to create a Central Bank Digital Currency.
A CBDC has 3 inescapable negative aspects. 1) There is literally zero possibility of it not being abused. 2) Because it’s digital, it means every single financial transaction will be tracked by the government (i,e, the federal reserve will know who spends what and when for every single transaction). 3) It means that some unelected bureaucrat will have the authority and ability to decide if you can engage in certain financial transactions at all.
Why? To understand why, you must understand how the Marxist Uniparty views money. In their view, all of the money in America actually belongs to them, not to the American people. They merely allow the American people to use their money because it benefits them to do so. This is why they have zero problem running mind boggling deficits. The United States net worth in 2023 is approximately $147.7 Trillion dollars.
Far in excess of it’s $31 trillion dollar debt, though considerably less than it’s $300 trillion dollar unfunded liabilities. From the point of view of the Marxist Uniparty well more than necessary to service the extended payment schedule of those unfunded liabilities.
Joseph Biden hypocritically asserts to being a devout Catholic. Executive order 14067 is indisputable evidence that he is anything but a devout Catholic. I’m sure the first question that pops into your mind at that statement has to be, “How can this be proof that Biden isn’t a devout Catholic?”
The answer is theological in nature. If his stance on homosexuality, transexuality and pedophilia weren’t dead giveaways his stance on CBDC should be the final nail in that coffin.
I’m sure your still scratching your head? Part of Catholic theology was the inclusion of the Book of Revelation in church canon. Every single sect and denomination within Christianity accepts the Book of Revelation as canon, i.e, the foundation of Christian theology.
What does the Book of Revelation have to do with Central Bank Digital Currencies? Everything, literally everything.
Revelation 13:16 And he causeth all, both small and great, rich and poor, free and bond, to revieve a mark on their right hand or forheads {17} And that no man might buy or sell, save that had the mark, or the name of the beast, or the number of his name.
Are you getting it yet? CBDC, you cannot buy or sell without the permission of the central bank. No devout Catholic would ever accept or buy into anything that has such a obvious appearance of being the biblical Mark of the Beast. An actual devout practicing Catholic would 100 percent be aware of Revelation 13:16 - 17. And even if they believe the Mark of the Beast to be metaphorical rather than literal, they would never help facilitate anything that has the appearance of being the Mark of the Beast.
The failures of Silicon Valley Bank and Silvergate Bank exposed a systemic problem within the American banking system. To wit, the vast majority of American banks are badly over leveraged in non liquid assets. What that means, is that they don’t have the actual cash on hand equal to the amount that their depositors hold in their banks.
When you deposit your money in a bank, your bank does 2 things with that money. 1) they lend that money out at a higher interest rate then they pay you on your account. 2) They invest your money in stocks, bonds, securities and treasury notes.
This means that while they have your money, and your money is in a general sense secure, they do not have it on hand as cash. The banks are counting on something known as fractional reserve banking. What that means is that they are counting on every single depositor not withdrawing their money at the same time. Should that happen, (it’s called a bank run) the bank simply cannot return all of their depositors money all at once. The depositors money, being invested, has to be retrieved from those investments, usually prematurely, resulting in a substantial loss both to the bank and the depositors.
This is what caused Silicon Valley Bank to fail. The demands of their depositors of their assets exceeded Silicon Valley Bank’s cash reserves. In order to meet the demands of their depositors Silicon Valley Bank was forced to divest itself prematurely of billions of dollars of Treasury Notes. This situation was made even worse by the Fed rising of interest rates and issuing T bills that paid a higher interest rate than the ones that Silicon Valley Bank held.
So in order to sell those T bills, not only did Silicon Valley Bank forfeit the interest that the Treasury guaranteed to pay on those bills, they had to sell them at a substantial discount. What that amounts to, is selling a $100 dollar T' bill for $50 dollars. The individuals purchasing those T bills are still guaranteed to receive $100 dollars from the Treasury when those T bills mature. But the Bank being forced to sell them is losing 50 percent of their unrealized investment.
A general run on all of America’s banks would completely collapse the American Banking system. This is the rational behind CBDC’s. If all currency is digital, then a run on the banks is absolutely impossible. Without cash, depositors cannot demand their money in any physical form. They cannot withdraw more cash then the bank has on hand. Banks can’t be forced to prematurely sell off investment instruments at a loss. Ergo, no bank runs, no sudden bank collapses.
But, while bank runs and bank collapses might be made impossible, the absolute control over who spends what, where and when becomes the purview of whomever controls the digital currency. Revelation 13:16 -17. No one, absolutely no one will be able to buy or sell without being somehow identified to those controlling the digital currency.
So, no, Joe Biden is not a Catholic. He may not be the Biblical Antichrist, but he is definitely not a Catholic and is literally doing the work of the Devil.