The Banking For All Act is currently passing through the US legislature. It mandates banks will handle Digital Dollar accounts on behalf of the Fed, your account would actually be at the Fed. Thus the role of independent banks will be eroded and eventually dissolved.
The Govt. will have access to every transaction you make through the App (where, when, what) and transactions only with approved partners.
Part of the scheme involves expiration. The govt. will give you UBI and you have 30 days to spend it, or its gone.
It is part of the WEF's Great Reset plan, although it has been rumbling for a long time. The Central Planners believe that the problem of price discovery would be solved if only the govt. could see every transaction and the saving of every citizen.
UBI are the chains packaged as the keys to freedom.
Yay, I get $2,000 a month for FREE!
Oh, wait, so does everyone else. My rent is now $2,000 more a month!
It will not be "here's some cash, enjoy"
The plan is for future govt. "stimulus" (and then a gradual shift away from cash) to be in the form of Central Bank Digital Currency.
China launched theirs a couple of weeks ago
In the US it is called the Digital Dollar
The Banking For All Act is currently passing through the US legislature. It mandates banks will handle Digital Dollar accounts on behalf of the Fed, your account would actually be at the Fed. Thus the role of independent banks will be eroded and eventually dissolved.
The Govt. will have access to every transaction you make through the App (where, when, what) and transactions only with approved partners.
Part of the scheme involves expiration. The govt. will give you UBI and you have 30 days to spend it, or its gone.
Here's a video about it
It is part of the WEF's Great Reset plan, although it has been rumbling for a long time. The Central Planners believe that the problem of price discovery would be solved if only the govt. could see every transaction and the saving of every citizen.
UBI are the chains packaged as the keys to freedom.
The only credit score will be social.
George gammon has a good video explaining how they plan to use artificial intelligence to solve the price discovery issue.
I'll look for it for you if interested.