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This isn't going away. The plutocrats are hell bent on forcing us into a cashless society.

You can not have a financial system based on tokens. Jews will always cheat you with it.

This isn't going away. The plutocrats are hell bent on forcing us into a cashless society. You can not have a financial system based on tokens. Jews will always cheat you with it.

(post is archived)

[–] • 4 pts (edited )

The article misses what's important.

It doesn't matter if the digital currency is backed by gold, oil, or beanie babies.

The problem with digital currencies is that they can be tracked and frozen by a central authority. That means your money can easily be programmed to "expire", lose value over time if you don't use it, or be frozen if another variable like your "social credit score" gets too low. It can be frozen if they don't like your politics. Pretty much anything is possible.

If TexasBucks don't have open source privacy that make them pseudoanonymous like cash, they will still be used as a surveillance state tool. It would need to be designed to be private from the very beginning, and that won't happen, because there are federal "anti-money laundering" rules that allow them to arrest anyone who tries to do something like that if it can be tied back to an entity like Texas.

[–] • 0 pt

They have been talking about making a programmed to expire currency forever so that you cannot accumulate wealth. You will have exactly as much as needed week to week to live and complete your assigned work. If you are a elite you will have anything you want without cost.

Every time people start talking about CBDC or a fully cashless society I point them to the movie "In time" https://www.imdb.com/title/tt1637688/

The idea would be different (for now, They will just freeze/take your currency). However, The only currency you really have is your life. Taking away someone's earned currency is taking their life from them.

[–] • 0 pt

Thank you! You saved me a lot of typing. The jews use this trick of distraction of the real problem. In this case, there are 2.

  1. Gold back derivatives. As you correctly pointed out, what kind of derivative the token is doesn't matter. But it resonates and distracts the deplorables.
  2. Digital tokens. This is the actual danger. Digital tokens are bad because they don't actually exist: you don't own anything. You need a physical claim for the gold. The other danger is this opens the door for the plutocrats to control everyone using the currency.

When you hear the word "digital" thrown into politics or monetary policy, it's a code word for control. You will no longer have sovereignty.

[–] • 1 pt

The legislation would require the state comptroller to establish a digital currency that is fully backed by gold and fully redeemable in cash or gold as well.

This sounds great, but I can't help but think it's still a (((trap))).

Creating a gold-backed digital currency would take another step in the process of abolishing the Federal Reserve system by attacking it from the bottom up – pulling the rug out from under it by working to make its functions irrelevant at the state and local levels, and setting the stage to undermine the Federal Reserve monopoly by introducing competition into the monetary system.

We'll soon know if this is a (((trap))) or not when the jews either kill these bills and take steps to prevent new ones like it, or, they actually pass and kvetching intensifies as the kikes focus on destroying Texas for its insolence. I'd like to believe Texas has the balls to do this and help kill the (((Fed))), but I'm too skeptical to think this isn't a (((trap))).

[–] • 0 pt

We all want to believe this is true. And we've all been lied to too many times: it's safe and effective.

[–] [deleted] • 1 pt

backed by gold

That won't happen. They need the sign off of the Federal Reserve to do it. And they will not get it.

It's likely a scam to trick people into accepting a digital currency under the false pretense that it's "Backed by gold". Re: Bretton Woods.

[–] • 1 pt

its a trap

[–] • 1 pt

Don’t ask my how but I know someone on the Advisory Board.

Apparently this is real but I have doubts that the executive team has the clout or abilities to get it backed by gold.

[–] • 0 pt (edited )

(((bitcoin))) faggots are why this is happening so quickly.

[–] • 1 pt (edited )

You have major Dunning-Kruger when it comes to Bitcoin. Yes, it is captured, is too expensive to use, is easily tracked, and is not suitable as a currency today. That wasn't always the plan. The people working on it early were in it for the right reasons. I'm editing the rest of this out because they target people who go into much depth on Bitcoin's history.

[–] • 0 pt

Bitcoin blockchain is decentralized, ethereum blockchain and copycat blockchains are not. CBDC blockchains are centralized like Ethereum. It is the centralization aspect that gives (((banks/gov't))) the tyrannical control, and the shear number of bitcoin miners has now grown too big to be controlled by single entity by conventional means.

There are two ways they can try to take it down, but both are high risk: (1) criminalize the use of bitcoin, (2) develop quantum computing far enough to beat 51% of the world's miners at mining with a fraction of the cost.

[–] • 0 pt

Yeah and when SHTF you're toally going to have access to the public ledger, the internet, or electricity for it to be relevant. And who started (((bitcoin)))? Oh right, we don't know. Hint: we do and it was the CIA.

[–] • 0 pt

Gold and bitcoin each have their flaws.

Bitcoin exchange requires everyone has an internet connection and electrical power, as well as the ability to remember a 12 word password (or safeguard a tool to do that for you).

Gold requires everyone to have purity testers (or at least faith in the mint imprinted on each coin/bar), a trustworthy means to pay in tiny quantities of it for small purchases, and a way to safeguard the amount used for saving large amounts of it.

Either way, best not to put all your eggs in one basket.

[–] • 0 pt

A few states already issued actual gold currency. Look up gold backs. Nevada and New Hampshire, iirc, idr the other one... There may be more by now, tho. So far as I remember, they're all fractional, they have to be. They're something like 1/1000 of an ounce (mabye 1/10000 of an ounce, again, look em up for yourself.) And they're actually currency, backed by the states they're issued in. Actual gold paper, they're pretty cool. And collectable.

[–] • 0 pt

...if it's not directly convertible to gold, and regularly spot checked by an external organization, it's all a lie.

...I mean, the comex comes to mind.

[–] • 0 pt

The federal reserve too. The last known gold audit was 1953: before most of us were alive. The federal reserve claims they're audited, but that's like allowing the fox to guard the hen house.

[–] • 1 pt (edited )

To your point, we KNOW that the FED leased out much of the gold decades ago. Gold leased out at 50-600 dollars an ounce... the banks sold the gold on the open market. If the FED were to call on those leases in order to claim back our gold, all of those banks would go under because they would have to purchase tons of gold back at 2k / ounce (and higher).

It's the game they play: they can still claim to technically have the gold, because they didn't technically sell it, even when it's not physically there, and would be impossible to get back.

[–] • 1 pt

Oh! I see. A jewish trick, in other words.

[–] • 0 pt

time to invest in texbux