The Fed: Your money is my money.
The Fed claims the purpose is to tax every penny out of the money, legal or otherwise.
The skeptics believe it’s more than that. They believe such move is also meant to undermine civil liberty with an evil agenda simply known as the “New World Order”.
Federal Reserve Wants to Put Nanochip in Cash to Track Every Dollar and Tax It
Trump’s nomination for the Federal Reserve Board of Governors is an outspoken proponent for putting magnetic strips in physical cash so the government can track its movement and tax it.
In the state’s relentless pursuit to scrutinize and control every citizen, including monitoring, tracking, and especially taxing their income, untraceable physical cash has long been a shield against such tyranny. However, thanks to Donald Trump’s nomination to the Federal Reserve Board of Governors, anonymous purchases, deposits, and savings with cash could soon be a thing of the past.
In November 2017, central banking proponent and Keynesian economist Marvin Goodfriend was nominated by President Donald Trump to fill one of the vacancies on the Federal Reserve Board of Governors. He was then confirmed by the U.S. Senate Banking Committee to advance.
Goodfriend is a central banking insider who’s spent decades moving in and out of government and central banks and his ideas are nothing short of Orwellian.
While his resume may make him seem like a qualified member of the corrupt and insidious Federal Reserve System, he’s proposed and openly advocated for one of the most horrific plans a free society (somewhat) has ever seen—tracking cash.
Goodfriend’s idea was to insert magnetic strips into the bills. Each time the cash was returned to a bank, the money would be taxed at a pre-determined rate. That would discourage individuals from hoarding cash and remove one obstacle for central bankers in setting negative rates.
Negative interest rates are employed to incentivize banks to lend money more freely and businesses and individuals to invest, lend, and spend money rather than pay a fee to keep it safe.
However, it is little more than theft. Instead of paying you interest on the money you give them to store and subsequently use as reserves to make these loans, when banks are strapped for cash, they call the theft of your money “negative interest.”
Goodfriend is an advocate for both negative interest rates and tracking your cash—and this person is about to have a leadership position inside America’s central bank.
Under the ostensible idea of reducing quantitative easing, Goodfriend would apply a tax directly to cash—stealing money from already taxed dollars—by tracking who is using it. According to Goodfriend, US currency should include tracking devices that let the government tax private possession of dollar bills—for your own good, of course.
“The magnetic strip could visibly record when a bill was last withdrawn from the banking system. A carry tax could be deducted from each bill upon deposit according to how long the bill was in circulation,” Goodfriend wrote in his proposal.
What could possibly go wrong?
The idea of tracking cash with magnetic strips or RFID chips is such a horrific idea that two unlikely senators from opposite sides of the aisle have come forward to vehemently oppose the Goodfriend appointment.
As Reuters notes again, the idea of a tax on cash is politically toxic. Senators Rand Paul and Elizabeth Warren – two lawmakers often on opposite ends of the ideological spectrum – have denounced Goodfriend’s idea, and may now put his nomination in jeopardy.
We think that is a good idea.
Rand Paul’s father, the esteemed Dr. Ron Paul has been a long-time advocate against such Orwellian moves to track cash and has been fighting them for decades.
“The whole idea is preposterous. The notion that we’re going to tax somebody because they decide to be frugal and hold a couple of dollars is economic planning at its worst,” then-Congressman Ron Paul said. “This idea that you can correct some of the evil they’ve (the Federal Reserve) already created with another tax is just ridiculous.”
Us tracking of “Dark Money” really the sole purpose of the proposed implementation ?
Smart Paper Could Put An End To Dark Money?
Scientists have developed paper containing ultra-thin, undetectable Radio Frequency Identification Chips (RFID), and in doing so may have taken a huge step towards ending “dark money” cash transfers.
“Dark Money” has been described in political terms as money that’s not traceable, can affect political contests or motivations, and most importantly the populace knows nothing about it.
Oftentimes dark money trades hands via digital bank transfers — big trouble is, those leave a trail. There’s a more secure kind of dark money: hard cash.
Recently, Afghanistan President Hamid Karzai admitted that the CIA gave him “grocery bags of cash” to the tune of millions of dollars. He also said Iran had done the same thing, though Iran’scash transfers to Karzai came in the form of Euros.
The new technology (still patent-pending) uses a laser beam’s energy to transfer the chips into notes, according to the BBC. Such a technological revolution could help staunch the global flow of illicit cash.
As Jeremy Hsu of the tech blog IEEE Spectrum put it, “A simple act of cash changing hands could become a lot less private.”
Or could this “insanity” be the ultimate reason for the implementation?
USA IS END-TIME EGYPT
ON BACK OF DOLLAR BILL IS THE PYRAMID IN EGYPT IS A TYPE AND SHADOW OF THE POWER OF THE EAGLE USA AS PROPHESIED BY ISAIAH:
WHEN DOES THIS REALLY START?…
(STATE AGAINST STATE) =
(1) WHEN THE STATES START SECEDING FROM THE UNION (WHEN THE STATE RUNS OUT OF RESOURCES THEN IT WILL GO TO STEP TWO:
(2) CITY AGAINST CITY… (WHEN THE CITY RUNS OUT OF RESOURCES THEN IT WILL GO TO STEP THREE:
(3) NEIGHBOR AGAINST NEIGHBOR… (HAVE YOU SEEN THE PREPPERS SHOWS ON TV? IT WILL BE LIKE THAT.)
IF YOU DON’T WANT TO KILL YOUR NEIGHBOR WHICH IS IN STEP (3) YOU MUST FLEE TO ZION FOR SAFETY: “And it shall come to pass among the wicked, thatevery man that will not take his sword against his neighbor must needs flee unto Zion for safety.”
D&C 45:68 (WE WILL SEE?)
ACTUALLY IT HAS ALREADY STARTED WITH BROTHER AGAINST BROTHER OVER OBAMACARE, HUGH DEBT & GUN CONTROL ETC…