Posted on 12/29/2023 1:26:55 AM PST by spirited irish
The USA led “western” sanctions against Russian interests were not designed to keep Russia isolated financially, they were designed to keep USA and Western banking customers walled in. The end goal? To create a dollar based CBDC for western finance.
In order to accomplish that goal, WESTERN govt/banking needs full control. Any alternative (BRICS+ currency/trade) is a threat.
(Excerpt) Read more at patriotandliberty.com ...
I knew this war was over the dollar, but this is a new angle. I would not be surprised if the next step is seizing all gold just like FDR did.
The next step is to go to a digital currency, you think the economy is sinking now and inflation is terrible just wait. The feds can make a $1,000,000,000,000 deposit in the fed treasury in 5 seconds by just ‘printing’ a trillion bucks with a keystroke.
This is the alternative way this pathetic dem/GOPe/uniparty congress will deal with the bills coming in, and yes the 11,000 illegals coming in every day. Buy everyone and electric car? No problem, just print it. Free college indoctrination? No problem. The list is endless and if this does not scare the hell out of you nothing will. You won’t even need a wheelbarrow full of super-inflated cash to take to the bank to buy a candy bar, the feds will just put a huge stipend on your phone app every month.
Thanks for posting.
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Automated video tellers run by AI............
I think this is a way for banks to lower cost and be more competitive with online only banks like Ally.
My 25 year old son has all his money in one of these online only banks. He has a checking and high interest savings account.
I think he is typical of his age group. They do not need a Brick and Mortar building to walk in and deposit their check, or care about how many ATMs they have with no fees. They also have a Venmo account. A Paypal account.
IMHO, unless you are a local small business with a revolving line of credit there is no need for a brick and mortar building. Your average person with $5000 in their checking account does not need a bank they physically visit anymore.
Hey nice to see you; Call this a crazy thought but the last couple of years it became evident that gummit was out of control and it cannot be contained, all levels too from dog catcher up to any POTUS. Anybody that thinks the GOPe and their cohorts across the spectrum are the answer to today’s catastrophes are not seeing the deep problem, somebody else’s $$$ that they think they have a right to.
Never likely in the next few years will the red and blue get together with endless layers of government in the way but we know this mess we see today got a jump start in the early 70’s and has only gotten worse since. This ‘entitlement’ society has been red and blue for decades, however this is going to evolve to a purple vs. government class (again, all levels) when money becomes next to worthless - a digital currency with an out-of-control uniparty congress.
Not so sure it’s a dem/GOPe/uniparty congress deal none of this would be happening without the help of the WH crew the democrat party is amassing full control over everything now.
Fundamental change in action
I’m 72 and, at most, step into a physical bank one per year. I use the ATM machine about four or five times per year. A $300 withdrawal lasts me three months. About 80% of my transactions are ApplePay, 19% a physical credit card (only because the merchant is behind the times), and the rest cash.
Even at our local Farmer’s Market I can count on all the merchants having terminals, often a Square reader inserted into their phone.
I get a confirmation from the bank before I leave the store.
All the data flows into Quicken which is connected to all my accounts. Every few days I download all the transactions to Quicken to verify them. I set up Quicken with all my frequent merchants and it categorizes my spending.
It really is all quite amazing.
Wow, aren’t you a modern guy.
You are way ahead of me and I am 60
Working and living in Silicon Valley for 40 years tends to get you adopting this stuff a lot earlier than in other parts of the country.
After this weeks experience with a Title Company 25 yr employee/mgr And US Bank 40 yr employee/mgr ...(not ages) my hub would tell you AI would NOT have screwed up the small biz sale he was trying to finish. The incompetency was unbelievable.
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