Parallel Economies
Science & Tech • Business • Culture
Join the Parallel Economies community to discover and share businesses that support Constitutional conservative values. We will be highlighting companies that do not censor American citizens and uphold their Constitutional rights. Join our community and let's build a Parallel Economy together!
Interested? Want to learn more about the community?
The Biden administration is serious about considering a digital dollar

Again, I am not actively searching for these digital dollar stories. They are seriously showing up everywhere. This one was published at 2pm on ReclaimTheNet.


Centralized financial control.

Last week’s US Treasury Department report suggests that the Biden administration is increasingly embracing the idea of moving forward with the Federal Reserve issuing a central bank digital currency (CBDC) – although the decision has not yet been made.

The report is a part of several documents compiled after Biden signed an executive order in March asking that department and other relevant agencies to come up with a regulatory plan for digital assets.

We obtained a copy of the report for you here.

The previous administration was strongly opposed to introducing a CBDC, while those who remain unconvinced are serving and former Federal Reserve Board Members.

The Treasury report and another released by the White House speak of significant benefits and a natural use case for such a currency, with key arguments being that it would shore up the US dollar’s role as the global reserve currency.

American Banker cites Congressman Jim Himes, a Democrat who advocates for the US to create its CBDC and has written a white paper on the subject, as welcoming the White House report, and putting the issue of a digital dollar in the context of not only the economy but also of “innovation and national security” – while confirming that the effort to move in that direction is “picking up notable momentum in Washington.”

Even so, the reports still contain some warnings about “unintended consequences” – such as customer privacy and security erosion, as well as enabling money laundering – and recommends more research. In the meanwhile, a White House spokesperson said that the research now being done represents “early work” but that developing a CBDC is seen as a high priority.

The Independent Community Bankers of America, however, continues to oppose the idea, urging policymakers to “prioritize protecting national security amid catastrophic developments in the crypto markets,” while at the same time “collaborating on a comprehensive regulatory framework that utilizes more effective alternatives to a US CBDC – including the FedNow instant payments service.”

The Bank Policy Institute’s reaction focused on the need not to mandate the use of a future CBDS, continued availability of cash, and the ability to use digital money offline.

Central bank digital currencies are issued by central banks, pegged to fiat money, and regulated by governments, which makes them centralized – the opposite of decentralized cryptocurrencies that are not controlled by central authorities and make the user their “owner and authority.”

https://reclaimthenet.org/biden-digital-dollar/

post photo preview
Interested? Want to learn more about the community?
What else you may like…
Videos
Podcasts
Posts
Articles
October 27, 2023
Katt's Remedies
00:00:31
My Thoughts About The FTX / Democrat Money Laundering Scheme

I saw a tweet this morning that really opened my eyes to something that not enough people are talking about that is related to this FTX scandal. In this video I give a little bit of backstory for anyone who isn’t following the FTX situation, and then dive into what this tweet said and my thoughts about it.

00:09:19
Major Anti-censorship Update From Texas

Good afternoon Patriots! I just wanted to share some really good news out of Texas regarding their social media anti-censorship law. According to an article on ReclaimTheNet, the law was just upheld by the US Court of Appeals for the Fifth Circuit. I wanted to make a quick video on this because the judge in this article made an argument that I haven’t seen before regarding Section 230 protections and their implications for censorship.

00:07:34
Texas Anti Censorship Law HB 20

In this podcast, I discuss the Texas Social Media Anti Censorship Law, HB 20. I talk about what it is, what it does, and give some of my thoughts about it. I actually live streamed the recording of the podcast earlier.

Texas Anti Censorship Law HB 20
Podcast: Tech Pundits React to Elon's Purchase of Twitter

Good evening, Patriots!

OK, ok... We've all heard the talking heads crying about Elon buying Twitter. However, that's not what this week's podcast is about. I decided to give you all the arguments that liberal tech news "journalists" are making about Elon buying Twitter. It's a somewhat different take than you may have heard elsewhere. You may find that people who report on the tech news space have a bit of a different perspective on this from the folks that focus on CRT / wokeness all day long.

This is the kind of perspective you're not likely to get elsewhere because most people who report on tech news are full blown socialists. So, I hope you enjoy this episode!

God bless!

Noah

P.S. Please search for the podcast in your podcast player of choice and subscribe. That way you will have future episodes delivered right to your phone. THANKS!

Podcast: Tech Pundits React to Elon's Purchase of Twitter
Parallel Economies Podcast Episode 1

Good evening / morning, Patriots!!

OK, I finally published episode 1 of the podcast. Please don't judge me too harshly. 😉 Hopefully, I'll get better with some experience. In this episode, I talk about Elon Musk's decision to turn down the board seat at Twitter, as well as TRUTH Social's CEO, Devin Nunes responding to a number of articles claiming that TRUTH Social has failed already. BTW, there's also a bit of breaking news in here, about the release date of the TRUTH Social Web App. The episode is just over 13 minutes long. Hopefully it came out, OK. I literally just finished exporting it. I hope you like it. ;-)

I'm off to bed!!!

Noah

Parallel Economies Podcast Episode 1

If deer or squirrel are invading your yard fight back. Based American company with new products for the parallel economy. Enjoy FREE SHIPPING for a limited time. https://www.buckstop.us/

post photo preview

What happened to paralleleconomies.com ??????

March 05, 2024

Your Giggles for Today

A guy calls 911 in a panic. “My wife is having a baby! Her contractions are only one minute apart!” “Calm down,” the 911 operator says. “Is this her first child?” “No, you idiot!” the guy shouts. “This is her husband!”

A little girl asks her mother, “How did the human race appear?” The mother answers, “Well, God made Adam and Eve and then they had kids. So all mankind was made.” Two days later the little girl asks her father the exact same question. The father answers, “Many years ago, there were monkeys from which the entire human race evolved.” The confused little girl returns to her mother and says, “Mom, you told me the human race was created by God, and Dad said man developed from monkeys. Why do you have different stories?” The mother answers, “Well, I was referring to my side of the family and your dad was talking about his side.” (Lol! A oldie that needed repeating).

“When my parents got divorced, there was a custody fight over me . ....

post photo preview
PayPal shuts account of group who fought to keep schools open during pandemic
Another casualty of the recent PayPal purge.

UsForThem, a UK parents’ group that campaigned to keep schools open during the pandemic, has been banned from PayPal because of “the nature of its activities.” The group says that after the ban, it is unable to access thousands of pounds in donations.

reclaim-2022-09-23-at-00.08.02.png

“We were completely taken aback to learn that PayPal was discontinuing our services ‘due to the nature of [our] activities’. No prior warning or meaningful explanation was given, and despite them saying we could withdraw our remaining balance, we cannot,” said the group’s co-founder Molly Kingsley to The Telegraph.

“UsForThem has only ever been fully transparent about the organization’s aims, and our mission statement is on a prominent page of our website for all to read. That makes clear that our core focus is campaigning for children to be prioritized in public decision-making.

“If something about that mission offends PayPal, why could they not be transparent about that? For a small volunteer organization, this has a significant impact on our ability to operate, as presumably was intended.

“It is extremely hard not to draw the conclusion that this is a politically motivated cancellation of an organization that in some way offends PayPal.”

Toby Young, Free Speech Union’s founder, also claimed PayPal banned his account for political motives. The Free Speech Union’s account was also banned, as well as the account of the non-profit Gays Against Groomers.

Read full Article
See More
Available on mobile and TV devices
google store google store app store app store
google store google store app tv store app tv store amazon store amazon store roku store roku store
Powered by Locals