jack sequim wa Loc: Blanchard, Idaho

https://share.newsbreak.com/1ou7ztl0

Fed announced Digital currency built on Totalitarian Block Chain technology.

The current administration is a puppet for the Wotld Economic Forum, WHO, the U.N. as are other world leaders.
Roll out is May 2023 after ten years in development.
Did you hear that? That means to be on a Digital world scale, first the dollar has to equal the other nations currency. They have to crash our Stock Market first.

I've been warning, get every cent out of anything to do with the stock market.

Oscar louks

Boy I hope you are wrong but I think you are right

BIRDMAN

Us conspiracy nuts no this is the t***h and it’s going to happen

Parky60 Loc: People's Republic of Illinois

Some more stuff to think about...Page 1

I’ve been closely monitoring the development of three key emerging technologies that people need to accept to usher in the one-world beast system that I believe will be utilized by the Antichrist along with one-world religion and other technologies for Satan’s nefarious plan of worldwide domination and worship.

• A globally recognized digital ID system to replace the cards in our wallets
• A digital wallet to replace our physical wallets
• And a global digital money system to replace the current national fiat currencies

Below are the latest developments. This stuff is closer than you think. Consider how much our society has changed in just the last two years.

REPRESENTATIVE BILL FOSTER TALKS DIGITAL IDENTITY
The stars may finally be aligning for comprehensive digital identity legislation to pass in Congress. If it does, the Illinois Democrat will be a big reason why.

In the age of increasing government digital services, Rep. Bill Foster (D-Ill.) is zeroing in on the question of digital identity – how do you know that someone is who they say they are. Foster is the lead sponsor of the Improving Digital Identity Act, introduced in 2020 and again in 2021. Earlier this summer, it got bipartisan Senate companions from Sens. Krysten Sinema (D-Ariz.) and Cynthia Lummis (R-Wyo) and advanced out of a House committee.

The bill proposes a role in a federated digital identity system for Washington, potentially via agencies providing opt-in identity validation services. It would also set up a grant program at the Department of Homeland Security to facilitate interoperable state and local systems for digital identity verification.

Foster, a PhD physicist, chairs subcommittees in the Committee on Financial Services and the Committee on Science, Space and Technology. The following comments were recently made by Foster:

The main goals for this digital identity bill are to start bringing the government up to the standards that some in the business community are moving to – to allow users to present a high-quality digital credential to prove they are who they say they are. A lot of this piggybacks on the state mobile ID efforts where the National Institute of Standards and Technology set technical and interoperability standards several years ago. A main impact of the bill would be giving the government a real role in the digital identity game. It would look very much like the state governments issuing REAL ID compliant digital driver's licenses.

T***sitioning [credentials] to electronic form has huge advantages in being able to authenticate yourself online as a single legally traceable person, while at the same time only turning over the information necessary for a t***saction.

See how it’s justified:

• The classic example of this is if you want to buy alcohol, you have to prove you're a certain age and a resident of the state and that's all they really need to know.
• They don't have to know your home address or anything else about you.
• There are ways to use digital driver's licenses to prove only the minimum for a t***saction, so it actually can enhance privacy.
• Or so it seems.

So far, the reception among the general public has been the fear of your privacy being invaded by someone impersonating you online, which is a much more real fear than simply the existence of a state database that already exists. Foster says: An important point of the mobile ID is that it doesn't require a new biometric database…

Yet he goes on to say: It's very important to a lot of particularly my Republican colleagues, that there is no big federal database associated with this. We're simply using the already existing biometric database behind the real IDs issued by individual states.

The advantage is that you have a standard way to prove you are who you say you are that works around the country… (Safety and Convenience) The IRS got into a lot of trouble by contracting this out to a private company, and I think there's a lot of nervousness in the public about the idea that some private company is going to be the gatekeeper on digital identity. It [also] has the advantage that you no longer have … several identities in different states, and that is the root of a lot of identity fraud. That's pretty much impossible with a Real ID compliant driver's license.

And digital identity is actually the answer to identity theft [fraud]. If we had the standards for how you authenticate yourself to the government online and they had been widely adopted prior to C***D, a huge fraction of the identity fraud would have been prevented.

This is not something that you would have to force people to use if they do not want. It just means that if you're willing to present a digital ID, your t***saction could go through very rapidly… If you choose not to do it, then those will be the cases where the government will pay special attention.

Also, the emphasis on choice is something I also hear come up a lot when people talk about how to make progress in this digital identity space. So, if you're asking the government to write you a big check for wh**ever reason, then I think you have a duty to the rest of society to go through some effort to make sure you're not defrauding the taxpayer. I think people actually accept that.

And the financial services industry is very excited about this because you now will have one-stop know your customer requirements. If you want to go and open a bank account, you can show up and if you're able and willing to present a REAL ID compliant mobile ID, you're in. The standardization of the means of authenticating will generate a lot more efficiencies … and that's one of the reasons to get all of the government agencies together, which is one of the major points of our legislation.

And then also to have standards for issuing this credential and so on that are more or less standard across government. To answer the reason why this issue got on my agenda is because of an interest in central bank digital currencies, which is obviously on everyone's mind.

We have to do something to answer China and central bank digital currencies, but even in the simplest possible system, say everyone has an account with the Fed … the first question you have to answer is, how do you authenticate yourself as the owner of this account without making some new national ID card system? The existence of the REAL ID compliant system in all the states combined with technological standards for presenting that ID in all areas, that's the way to prove you are who you say you are.

I’m very optimistic about the bill's prospects. We have good bipartisan partners in this… We negotiated with our Senate partners on word for word identical versions of this. Now Senators Loomis and Sinema are carrying the ball in the Senate… It's not beyond the pale to imagine that it might get included in one of the future packages that we may be able to pass or something that could get done in the lame duck session. Either one of those is a real possibility.

RETAIL PAYMENTS SHIFT AS BUY-NOW-PAY-LATER (BNPL) DIGITAL WALLETS & CURBSIDE PICKUP GAIN
Baby Boomers (born 1946–1964)
Generation X (born 1965–1980)
Millennials (born 1981–1995)
Generation Z (born 1996–2010)

A T***sUnion study of back-to-school shopping patterns suggests that several trends are converging that could lead to major changes in how people buy and pay in general. And the back-to-school shopping season may hold the clues to how payments usage patterns will shape up for the near-term as consumers continue to adapt to inflation and recession. In other words, more ways to coerce these behaviors on people.

Research from T***sUnion regarding the spending plans of parents as well as children old enough to shop for themselves reveals movement in how people are paying and where those payments are being made. Among the key elements of the research are findings about their rising use of buy now, pay later (BNPL) options, a growing interest in digital wallets, and a major generational move towards curbside delivery that has nothing to do with C***d. In terms of overall spending:

• Over half — 55% — had to spend more this year
• 33% said that it was level with 2021 spending
• And another 10% said spending had fallen compared to the year before

To deal with rising prices:

• 38% of the respondents reported buying cheaper versions of things
• 34% are buying fewer of certain items
• And 21% of respondents have completely cut out certain goods.

A key divergence, students shopping for themselves were more likely than parents to:

• Buy cheaper goods (42% for students vs. 35% for parents)
• Cut quantities to save (38% versus 32%)
• Simply stop buying certain items (23% versus 19%).

These reported figures and the following include both ecommerce purchases and purchases made at physical point of sale. The survey report notes that BNPL options are giving families a tool to level out their back-to-school spending, spreading costs over more time rather than taking a single hit to the pocketbook. T***sUnion stated in a summary of its study that BNPL installments made a one-year leap, becoming more attractive to consumers who are stretched thin.

• 37% of shoppers surveyed by T***sUnion are using BNPL to pay for back-to-school — versus just 2% the year before.
• The largest users of BNPL were Millennials — not surprisingly, given that they are the parents of many current school-age kids and in their peak spending years. 47% of Millennials are using BNPL this year. Gen Z follows at 34%.
• While BNPL is shifting to back-to-school spending with usage of BNPL across all income levels being consistent, how it was used differed.
• Lower-income consumers were more likely to use BNPL for necessities (such as supplies or clothes)
• Higher-income consumers were more likely to use BNPL for expensive items that are desired but not necessarily required for back-to-school (such as a TV or Peloton)

Mark Rose, Senior Director, Marketing Solutions, at T***sUnion, finds it significant that 62% of the overall sample are using BNPL for smaller items, like books and apparel.

When BNPL debuted broadly in the U.S. consumers tended to use it for larger, more expensive items like high-end exercise equipment and computers. “What you can take away from that is that consumers are increasingly comfortable with BNPL,” says Rose. “They may not need to finance the item, but they like the convenience of being able to pay for it over, say, four payment periods with zero interest.”

Rose says retailers recognize this preference and are adding BNPL as a way to improve customer experience.

DIGITAL WALLETS CATCHING ON FOR PAYMENT CONVENIENCE
T***sUnion’s study also found an increasing interest in one-click and tap-to-pay checkout options, often delivered through digital wallets like Apple Pay and Google Pay.

The younger the consumer, the more likely they are using these methods at checkout. But the dominant reason across all generations studied is speed (Convenience). All consumer groups said they find this faster than debit and credit cards. And One-click like Apple Pay/Google Pay and tap to pay have become more popular among Gen Z Millennials and Gen X.

From the perspective of retailers and the financial institutions who provide them with payment terminals, about one in five consumers surveyed who use one-click and tap-to-pay said that they were more likely to shop at stores that offer this choice. “It was glaring to us, how important this is,” says Rose. “So, convenience is huge, and it’s changing retail.”

Curbside pickup
Rose also notes that while 60% of the overall sample uses curbside pickup, 70% of Millennials do so. This means that a key group of payments users are actually often t***sacting before they get to the store they are buying from. Divorcing Payments from Location: Curbside buyers are using stores like warehouse locations, rather than retail purchase points, paying before they arrive. Rose notes that near his home there is a Walmart that is strictly a pickup location — shoppers can’t browse in the building. This suggests that the payments stream for more purchases will be pulled to online and mobile channels maintained by merchants offering curbside, rather than the processors offering payments services inside a store. Interestingly, while curbside in the last couple of years had C***d roots — even some banks and credit unions were offering curbside service at one point — that wasn’t specifically among the reasons reported in T***sUnion’s research.

Among the Millennials, the leading reasons were avoidance of lines and crowds and convenience when running errands with younger children. Among Gen Z users of curbside, a key reason is more immediate receipt of products purchased. “Curbside pickup has a wide breadth of value across consumers, whether their default or preference is ordinarily in-store or on e-commerce,” says Rose. “Again, it’s a better way for them to serve their customers.” The report points out the 70% of consumers who use curbside use one-click and tap-to-pay options.

Parky60 Loc: People's Republic of Illinois

Some more stuff to think about...Page 2

AMENDMENTS TO U.S. COMMERCIAL CODE DIFFERENTIATE CRYPTO AND ‘ELECTRONIC MONEY’
The updated guidelines seek to clarify the terms of crypto assets lending and specify the status of CBDCs

A joint committee of the United States Uniform Law Commission (ULC) and the American Law Institute (ALI) finalized amendments to the Uniform Commercial Code (UCC), regulating the specifics of digital asset t***sactions and crypto-as-collateral secured financings.

The amendments introduce a concept of “controllable electronic records,” which would cover not only existing blockchain-backed assets – cryptocurrency – but all future kinds of digital assets – CBDC or electronic money – as well.

CBDC, or electronic money, is included in the revised category of “money” and signifies fiat digital currencies. Thus, CBDCs would be considered “electronic money” under the new guidelines, while cryptocurrencies would not.

Analysts at JD Supra emphasized, in a practical sense this differentiation means that “perfection of a security interest in CBDC can only be achieved via the custodian’s ‘control’ of the CBDC.”

Likewise, the amendments also specify that in order for cryptocurrency collateral to be secured, a lender will have to acquire its borrower’s private key and t***sfer the crypto to a wallet the lender (or custodian) solely controls.

These changes are likely to be accepted throughout the country eventually.

jack sequim wa Loc: Blanchard, Idaho

Been telling anyone that will listen..
Excellent post by the way.
What the Fed is rolling out is what your post contains. Ten years to develop? This is Block Chain. Which is the most advanced "Identification " technology known to man.
Every record since birth will be in your personalized file. Every address, school, work place, title, grade point average, parking ticket, medical records, friends, neighbor's, social media post, text message, phone calls, medical records, girl friends, brothers, sisters and their friends....the entire chain.
Your brothers friend protest against the government and now you to, included in the chain will be watched.
Over weight or heart disease, forget that quart of Ice-cream and pound of bacon because it won't scan, the list of totalitarian controls are endless including shutting down your account until you complete an online education course after you posted evidence that the c***d v*****e is k*****g people...gotta have that f**e news re-education course and get back in compliance.
Civil War, second Amendment to take out the totalitarian government will be impossible.

For Christians, this is not a shocking surprise. We're surprised it had not already happened.
God Bless

jack sequim wa Loc: Blanchard, Idaho

Bit coin will be nothing more than an advanced paypal but I believe will be fully replaced with the one digital currencies of nations all merging.
Part of the reason it took ten years, working with other nations on a one merger of all currencies.

jack sequim wa Loc: Blanchard, Idaho

Read Parky's post...one in the same

jack sequim wa Loc: Blanchard, Idaho

Yes
And very proud to sport my tinfoil hat.
Knowing Bible prophecy and reading international headlines is like c***ting....."How did he know that?"

Parky60 Loc: People's Republic of Illinois

Meanwhile Satan is flashing that shiny coin in his right hand to distract the masses from what he has and is doing in his left hand because he doesn't want people to know that their eternity is at stake.

jack sequim wa Loc: Blanchard, Idaho

This will somehow will tie into the mark.
We can guess what it will be? A new tattoo technology that allows the user to change the colors and image of their tattoo, merely by using an app on their phone.
A dozen or so years ago we had more questions than answers how prophecy would unfold, now we have more answers than questions.

Parky60 Loc: People's Republic of Illinois

Research Amazon's palm pay. I believe that this (hand) and facial recognition (forehead) may tie-in somehow to the mark also.

F.D.R.

This will set up a huge black market for goods and services dealing in cash.

jack sequim wa Loc: Blanchard, Idaho

I looked up the palm pay and it seems like a fingerprint. But, the scan and pay identification part is without question at least part of the system. Then connected to Block Chain. I think the full answer may be in front of our noses or any day a imprint of some sorts that works with scanner, then connected to digital file including cashless banking.
I'm ruling out the chip and something invisible to the naked eye

Wonttakeitanymore

Whole Foods owned by bezos now accepts palm
Waives for payment!!!