Society – Infinite Unknown

“There’s nothing like a Fed-sponsored bank crisis coupled with zero reserves on deposits to help aid the goals of using money as a means of social control.”

– The Fed Proposes A 4th Function Of Money: Means Of Social Control:

A Federal Reserve white paper has come up with a new function for money. Let’s tune in…

Docket No. OP – 1670

Please consider Docket No. OP – 1670 on Interbank Settlement of Faster Payments.

The Federal Reserve Board announced that the Federal Reserve Banks will develop a new round-the-clock real-time payment and settlement service, called the FedNow Service, to support faster payments in the United States.

This is a direct response to the threat posed by digital currencies and blockchain. According to one Fed official, “Last summer, the U.S. Treasury recommended that ‘the Federal Reserve move quickly to facilitate a faster retail payments system, such as through the development of a real-time settlement service, that would also allow for more efficient and ubiquitous access to innovative payment capabilities.”‘ We believe this effort requires a proof-of-authority quantum computing based blockchain system.

As we noted in our paper “Blockchain, Cryptocurrency and the Future of Monetary Policy,” confidential, not-for-distribution research sent to select members of the House Financial Services Committee, it is critical to understand that bitcoin was created in direct response to the failure of global regulators to protect the public in the years leading up to the financial crisis of 2007/2008. Thus, the ethical and monetary functionality of cryptocurrency is superior to that of paper money. Eventually, cryptocurrency is going to dominate.

As also noted in our paper, “The main economic attributes of a technically effective currency rests on three functions: as a unit of account, a store of value and as a medium of exchange.”

But there is a fourth function of money: as a means of social control. The centralized monopoly over the functions of money held by sovereign governments and central banks has generated great income and wealth imbalances. Concerns about a lack of central bank performance with respect to financial inclusion, income inequality, economic system stability and the tendency of central banks to intermediate on behalf of large financial institutions supported the creation of cryptocurrency”

As we noted in a second paper “Is FedCoin Feasible?” another confidential, not-for-distribution research paper sent to select members of the House Financial Services Committee, we suggest the Board focus on using an enhanced Bitcoin blockchain to “support depository institutions’ provision of end-to-end faster payment services and would provide infrastructure to promote ubiquitous, safe, and efficient faster payments in the United States.”

Confidential Not for Publication

The Fed is sending “confidential, not-for-distribution research” to select members of the House Financial Services Committee espousing money as a means of social control.

The confidential Fed research express concerns over income inequality and fears of Bitcoin.

The link above was published in October of 2019, but it just came my way today.

The rest is confidential, sent no doubt to select Marxists on the House Financial Services Committee who want to address income inequality by income redistribution.

What we don’t know is how much further progress has been made towards income redistribution and social control. Nor do we know what other ideas regarding money are hidden in the papers.

Seriously, WTF?!

Fed Policy: It’s Not Fractional Reserve Banking, It’s ZERO Reserve Banking

Meanwhile, please note Fed Policy: It’s Not Fractional Reserve Banking, It’s ZERO Reserve Banking

There’s nothing like a Fed-sponsored bank crisis coupled with zero reserves on deposits to help aid the goals of using money as a means of social control.

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Detransitioned Teen Girl Sues Kaiser Permanente Over Gender Transition Gone Wrong

March 23, 2023 by Infinite

– Detransitioned Teen Girl Sues Kaiser Permanente Over Gender Transition Gone Wrong:

Authored by Elizabeth Dowell via The Epoch Times (emphasis ours),

A detransitioned teen is suing Kaiser Permanente hospital because doctors removed her breasts during her transgender procedure.

Layla Jane is an 18-year-old woman who began to identify as transgender at age 11. Jane, at the time, wanted to transition to a male. Initially, doctors at Kaiser denied her any transition hormones, saying she could take them after turning 16. However, doctors changed their minds, approved her request, and performed a double mastectomy when she was 13.

Jane wrote on Twitter, “Mind boggling to me that a doctor signed off on a double mastectomy for me before I took a sex ed course. I barely started 8th grade, I was 13.”

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Amazon’s palm-reading payment technology was first introduced at numerous Whole Foods locations in California, enabling customers to pay for their groceries by scanning their palms at checkout terminals rather than using cash or a card. Now Panera Bread is experimenting with Amazon’s cashless payment system as the war on cash marches on.

On Wednesday, Panera Bread announced plans to roll out a “contactless payment method” to several stores with additional locations in the coming months. The bakery-cafe chain has over 2,000 locations, and its loyalty program has 52 million members.

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“Concerning”: Myocarditis Diagnoses Spiked In Military in 2021, New Data Show

March 22, 2023 by Infinite

#KillShot…

– “Concerning”: Myocarditis Diagnoses Spiked In Military in 2021, New Data Show

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CAUTION!! More Bank Failures To Come Yet… (IT’S NOT OVER!) (Neil McCoy-Ward Video)

March 22, 2023 by Infinite

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“When a country embarks on deficit financing and inflationism (= Quantitative easing) you wipe out the middle class and wealth is transferred from the middle class and the poor to the rich.”
– Ron Paul

“In the absence of the gold standard, there is no way to protect savings from confiscation through inflation. … This is the shabby secret of the welfare statists’ tirades against gold. Deficit spending is simply a scheme for the confiscation of wealth. Gold stands in the way of this insidious process. It stands as a protector of property rights. If one grasps this, one has no difficulty in understanding the statists’ antagonism toward the gold standard.”
– Alan Greenspan

“By a continuing process of inflation, governments can confiscate, secretly and unobserved, an important part of the wealth of their citizens. There is no subtler, no surer means of overturning the existing basis of society than to debauch the currency. The process engages all the hidden forces of economic law on the side of destruction, and does it in a manner which not one man in a million is able to diagnose.”
– John Maynard Keynes