Is the FED Setting a CBDC Recession Trap?
ZeroHedge - BY RED ROCK SECURED - 23 Aug. 2022
Politicians have taken advantage of every economic disaster since the Great Depression. In private back-room meetings, they exclaim with delight, “Never let a crisis go to waste." This revolting phrase goes all the way back to just after WWII. It’s credited to Winston Churchill, who at the time was working to form the United Nations.
The premise of the phrase is to politically take advantage of any situation that causes a crisis for the citizenry of the country. 9/11 brought about the “Patriot Act,” which allowed unfettered government access to the private data of citizens—an unprecedented loss of freedom for Americans. The 2008 Mortgage Crisis led to the 2010 passing of the Dodd-Frank Wall Street Reform and Consumer Protection Act, drafted as a response to the crisis to "promote the financial stability of the United States.” On March 14, 2018, the Senate passed the Economic Growth, Regulatory Relief, and Consumer Protection Act, exempting dozens of U.S. banks from the Dodd-Frank Act's banking regulations. So much for consumer protection!
The current economic crisis of a looming 2022 recession has brought on the recently passed “Inflation Reduction Act." Buried in the text of the bill and a March 2022 Executive Order from Joe Biden are fine-print passages about a new financial technology that the U.S. government will enact and pilot. It’s called the Central Bank Digital Currency (CBDC).
The exact text of the order reads: “The Order also encourages the Federal Reserve to continue its research, development, and assessment efforts for a U.S. CBDC, including the development of a plan for broader U.S. government action in support of their work. This effort prioritizes U.S. participation in multi-country experimentation, and ensures U.S. leadership internationally to promote CBDC development that is consistent with U.S. priorities and democratic values.”
If you’re not frightened by this verbiage, you should be. If fully carried out, Chinese-style socialism could invade the thing you’ve worked your whole life to build; your retirement savings.
You might be thinking, “This could never happen in the United States. The U.S. dollar is the world’s currency!” While that line of thought may have held true for more than 60 years, the strategy is rapidly shifting in the U.S. and around the world. Right now, over 100 countries are exploring or piloting CBDCs, a digital form of a country’s sovereign currency. Just like their foreign-designed “Build Back Better” initiative, it is a prefabricated template for currency takeover by the global elite.
A Central Bank Digital Currency varies greatly from other cryptocurrencies like Bitcoin. Unlike Bitcoin, the digital currency is controlled by the federal government. While they maintain control over factors like interest rates within the currency, they also have built-in mechanisms that include “programmatic algorithms” in the currency. These algorithms amount to Chinese Communist-style control over your money. How fast you can spend your money, where you can spend it, and even the things you buy will be subject to “government approval” before the transaction is approved.
Anything that can be controlled and regulated from a purchase or transaction standpoint would be at the mercy of U.S. government algorithms. Drive a gas-powered vehicle? Your digital currency account will only let you spend so much money each month at the pump. It sounds unbelievable, but this is what is on the horizon.
Keep in mind that when CBDCs are fully implemented, Bitcoin may not last very long. The U.S. government doesn’t like competition, especially when it comes to the U.S. dollar. We’ve spent trillions of tax dollars on countless wars and conflicts just to protect our currency.
How will this affect people’s retirement savings?
It’s quite possible that by the time you are ready to retire, your savings and social security may be forced into a CBDC system. The writing is on the wall already. Our government wants to control every aspect of the currency, including how and where your savings and investments are. Instead of controlling your own hard-earned money, your savings and investments could be forced into a voucher system, similar to receiving food stamps. You would be allowed a little bit per month and only allowed to spend it on certain “approved” purchases.
Those that follow a “progressive” agenda are already welcoming this plan with open arms. But for a majority of hard-working Americans with retirement savings, this is a completely unacceptable situation. CBDCs directly contradicts the American way of life. It is our God-given right to choose what happens with the money we earn and invest for our retirement. That’s why so many people have turned to Red Rock Secured for the best options available to protect their retirement from a pending digital currency takeover.
Where can investors turn for help?
You may be surprised to learn how many options are available when it comes to investing in precious metals. As CBDCs gain favoritism within the government, more and more investors choose to trust Red Rock Secured with their precious metals investments. From first-time gold and silver buyers to long-time metals investors, Red Rock Secured treats every client with integrity and respect. With over a decade of experience, each transaction is quick, easy, and hassle-free.
Red Rock Secured is among the most trusted precious metals firms in the industry. Nearly all clients qualify to pay zero fees for life. In addition, Red Rock Secured clients receive price protection for their investments. Investors also appreciate receiving free 1-on-1 advice from our expert gold consultants.
Protecting your retirement from the uncertainty of a recession begins with a well-diversified mix of investments. Red Rock Secured offers products to best secure your retirement for the long term with assets that ensure high levels of liquidity.
Gold and silver are different from other assets because they are not subject to inflation or digital currency restrictions. This means that their value will not change over time, no matter how bad the economy gets. It also empowers you with currency freedom, allowing you to choose how you spend your money and how you choose to pass on your savings to future generations.
Investing in gold and silver allows people to protect their investments during a recession or other times of crisis. This is because gold and silver are not affected by interest rates, stock prices, or the government's currency policies. In other words, they are immune to some of the most volatile economic fluctuations.
This is why precious metal investments have been seen as a safe haven during the current recession. By buying gold and silver, Red Rock Secured clients are able to safeguard their money while the economy fluctuates. It may even protect your savings from a government digital currency takeover.
This post is sponsored content and Zerohedge has been compensated for its publication.
Editors Comments:
*Follow the WEF trail to Switzerland to discover the Khazarian Mafia hiding behind Klaus Schwab and his cohorts. The US and its people have nothing to do with the disasters caused to the ordinary people of the Earth.
The Khazarians have once again constructed an intricate web, whose aim is to destroy the world's economy by setting people up against each other, blocking each other's supply chains, leaving just death and ruins.
What everybody must be aware of is that this is not a war to prevent Putin from occupying Ukraine, but an attempt by the evil Khazarian Jews/WEF/NATO to control yet another country in their growing New World Order. They are simply using Ukraine as a battlefield. Their plan is to destroy totally the world's economy and turn the population into slaves.
Like the Freemasons, they have also life-threatening rules in their membership, one being REVENGE, 10 times harder than was ever perpetrated on them.
Russia in particular, in the past, has expelled the Khazars several times. I have all of 7 detailed articles in book format on the Khazarian Jews if anybody is interested in further information.
Putin, and earlier also Trump, are the ONLY Presidents who have enough guts to see what they are attempting to do to the world population and have sufficient courage to do something about it.
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WHO and WHAT is behind it all? : >
The bottom line is for the people to regain their original, moral principles, which have intentionally been watered out over the past generations by our press, TV, and other media owned by the Illuminati/Bilderberger Group, corrupting our morals by making misbehavior acceptable to our society. Only in this way shall we conquer this oncoming wave of evil.
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