CounterRevolutionary

An open letter to Speaker of the House, Kevin McCarthy:

Attention Speaker Kevin McCarthy
house.leases@mail.house.gov
5/23/2023

Dear Speaker Kevin McCarthy,
Please stop this nonsense of creating a Digital Currency.
This was Nancy Pelosi's scheme. Nancy Pelosi is gone.

The House controls our national purse, not Biden's Executive Branch nor his Executive Orders.

STOP THIS DIGITAL DOLLAR IN ITS TRACKS NOW.

To quote Senator Barry Goldwater, "the government does not belong in the bedroom."

Neither does the government belong in my medicine cabinet,
Nor does the government belong in my refrigerator,
Nor does the government belong my bank account,
Nor does the government belong in my pocketbook.

We do not want one single world currency; we cannot mix apples and oranges. time is money. The economies of socialist s***e states produce far less than free men and free market capitalism.

There has to be currency exchanges to differentiate the different values of nation-state production.

Peeing our hard-earned money down an international rat-hole will not eradicate the s***ery of socialism. Look at c*******t China!

President Biden and the Big Banks are creating a national security problem of the highest order by trying to introduce a United Nations NWO Digital Dollar, starvation, war and death.

Socialism does not work; it was never intended to work. Karl Marx was a monster racketeering r****t spawning endless wars. Read all his works: his Gotha Report, his Rhenish Gazette, or his 70 volumes of newspaper articles - never t***slated into Russian or English.

World War 3 is in the making.

Biden and his New world Order are creating economic stagnation and a bottleneck of evolution by forcing our digital-dollar to subsidize death.

We are not a stupid people and cannot stand these insufferable Democrats lying to us!

We must expose and end Biden's s***e-state scheming now.

According to our Constitution, the House controls the purse-strings, not the Executive Branch.

The Constitution would have to be amended and ratified by 3/4th of the 50 states = 38 states. It cannot happen via Biden's Executive Order nor the Federal Reserve Bank, nor the United Nations, nor the International Monetary Fund.

pescado rojo

There is already a bill in the House to do just that; HR 1122. It is designed to stop the CBDC in it's tracks. Senator Cruz has introduced it's Senate counterpart, but I don't have the number for that one off the top of my head. This CBDC is, I believe, unconstitutional, and dangerous. Even some Democrats are against it. By the way, Democrat candidate RFK Jr. has come out strongly opposed to it also, as have several former and current high ranking officials of the Fed. This crap is via E.O., and I think will be opposed in the SCOTUS. I h**e to think that many of our current Representatives are too focused on other things, and will let this go down to the wire before stepping up. I have already contacted my Representative and she is on board completely with HR1122. You should do the same and impress on your reps that there needs to be a sense of urgency. It's not much more than a month or so before this crap is supposed to go into effect, at least in smaller increments. Barring the unthinkable and Biden gets reelected, the next president will almost certainly rescind the EO authorizing this crap. However, precedent will have been established.

CounterRevolutionary

Thank you for the good news about HR 1122. I don't think any legal precedent could ever be established granting the President such authority to manage banking destruction of the cash dollar.

These Demonrats have tried several times to class illegal drugs as "commodities" by terrorists money laundering dope through the housing market and bundling their mortgages as hedge funds morphing them into capital gains taxes, or depositing "crypto currencies" of drug cartels and terrorists into our banks.

This nonsense of poisoning our children for profit has crashed international banking several times. The public is wakening and the natives are getting restless. We are not bailing the European Union out anymore. The end of Democrat socialism is very near.

God will get these Demonrat socialist swindlers in the end. Prison without parole is on the horizon.

pescado rojo

Executive Orders have the force of law until overridden or rescinded. Any Republican who wins in '24 would cancel it, as would RFK Jr, the only other Democrat candidate that realistically has some kind of a chance at the nomination. The House can really yank Biden's chain on this, because they control the purse strings now, and the Speaker is absolutely opposed to this assault on our freedom and privacy.
HR 1122 is our best shot at stopping or at least seriously monkey wrenching the CBDC. We already have the necessary stroke in the House, and with Manchin and Sinema opposing it in the Senate, as long as someone like Milquetoast Mitt Romney doesn't sell us out (AGAIN) will probably carry the Senate also, although nowhere near enough for an override.

Speaking of RFK Jr, his e******n would be a setback, but not a catastrophe like a ree******n of Joe Boy. Listening to RFK, I think he might be better than Bush Jr was. He wants a secure border, opposes the jab, and opposes CBDC. If he would just get his head right on gun control he would appeal to a lot of conservatives.

dtucker300 Loc: Vista, CA

I went to Dodger Stadium with friends last week. It has been years since I moved away from L.A. and I haven't been to a Dodger baseball game in 30 years. To my amazement, things have changed dramatically at Dodger Stadium. When we arrived at the stadium to pay for parking, they would only accept debit or credit card payments. No cash accepted, period! Inside the stadium, if you wanted to buy a beer or hot dog it was the same thing; No cash payment was accepted, only debit or credit cards.

I can understand the benefits of no cash t***sactions. However, the digital economy is already here. I so very much wanted to pay for parking in cash but I saw an individual a few cars ahead of me have to turn around to leave because they did not have anything to pay with except cash.

A few days later we went to the L.A. County Fair in Pomona and encountered the same situation regarding parking and admission tickets. Fortunately, the vendors inside the fairgrounds are separate entities and still accept cash payments.

I have read that in L.A. County 45% of all cash t***sactions go unreported as part of the underground economy. This is why the IRS and the Government PTB want a digital economy. They want their share. While others are complaining about the uber-rich not paying their fair share, The IRS, with its 87,000 new agents, plans to also go after street vendors and cash-only businesses. I suspect many of these are i*****l a***ns conducting such businesses directly on the street and sending remittances back home to family.

Last time I checked, all U.S. Currency says right on it "THIS NOTE IS LEGAL TENDER FOR ALL DEBTS, PUBLIC AND PRIVATE." But I guess it really is not. This is another fine mess you've gotten us into, Ollie!

CounterRevolutionary

Pescado, you write:
"Executive Orders have the force of law until overridden or rescinded."

I don't think this is true. Really. The Constitution does not allow Executive Orders unless in time of war as the President is Commander in Chief - you know, as when we are being invaded by foreign nations and must defend our borders.

See the Constitution Article II Section 2
Section 2
The President shall be Commander in Chief of the Army and Navy of the United States, and of the M*****a of the several States, when called into the actual Service of the United States he may require the Opinion, in writing, of the principal Officer in each of the executive Departments, upon any Subject relating to the Duties of their respective Offices, and he shall have Power to grant Reprieves and Pardons for Offenses against the United States, except in Cases of Impeachment.

The House of representatives has the power of the purse, not the Executive Branch.

During the Great Depression, President Roosevelt tried to expand his powers by creating the National Industrial Recovery Act, granting himself with monopoly powers over allowance of huge conglomerates, and monkey-shining around with the destruction of small farmers, which was challenged by some chicken farmers at the Supreme Court. The NIRA was overturned as an unconstitutional executive order. We were not at war.

The real problem is the integrity of our electronic e******ns to keep out the co-conspirators of treason.

woodguru

Really, no problems with crypto though?

CounterRevolutionary

We are missing something here.
When did you last get denied using cash as tender?

Do not succumb to King F***i! Lying and lust for power are human failings.

On May 11th, the President and CDC decreed the C***D19 epidemic was over and these C***D19 restrictions involving communicability of the p******c were null and void which would have included the handling of cash.

California Governor Nusome and the other leftwing governors and President Biden are pulling a fast one on us, attempting to grab new authority and override our Constitution to introduce Digital Dollars even though there is no more threat of the p******c and no need for tracking grandma for her purchase of a loaf of bread.

We have open borders right now allowing 160 foreign nations, drug peddlers, terrorists and c*******t spies to infiltrate all 50 states and destroy our national security. Call Biden's BLUFF. He is a piece of treasonous trash and should be impeached immediately.

Take your business elsewhere if this continues, even if it requires watching the Dodgers on TV.

F***i is on the hot seat, right now.

CounterRevolutionary

Woodguru, Yes, I have great trouble with "crypto-currency" which is the currency of drug traffickers, cartels, terrorists and c*******t nations like North Korea, C*******t China, Iran, etc. Crypto-currency is already a "digital currency."

Most medium sized banks and credit unions have banned it all together, but the Big Banks "too Big to Fail" are collapsing like dominoes all around the world, especially the European Union, expecting our Federal Reserve Bank to whip up another $16 TRILLION dollars out of thin air and bail them out. Jerome Powell will not do that, thank God.

Warren Buffett calls crypto-currency "rat bait." Take his advice. Choose your bank wisely. Ask them about crypto currency.

Biden wants to balance the budget over the dead bodies of our children.

dtucker300 Loc: Vista, CA

One week ago today at Dodger Stadium and the L.A. County Fairgrounds last Saturday.

dtucker300 Loc: Vista, CA

Executive orders carry the weight of law in the executive branch. The President can issue all the executive orders he (and someday she) desires. The problem arises when executives use them to legislate as Obama and Biden have done repeatedly..

dtucker300 Loc: Vista, CA

Not all digital currency is crypto-currency.

https://www.makeuseof.com/digital-currency-vs-cryptocurrency-whats-the-difference/

Digital Currency vs. Cryptocurrency: What's the Difference?
BY
KATIE REES
PUBLISHED FEB 9, 2023
Digital currency and cryptocurrency are linked, but are they the same?

man swiping bitcoin through pos machine featureImage Credit: CC7/Shutterstock
Readers like you help support MUO. When you make a purchase using links on our site, we may earn an affiliate commission. Read More.
Cryptocurrency and digital money are one and the same, right? Think again. Various factors differentiate these two forms of currency, and each has its own pros and cons.

So, what are cryptocurrency and digital money, and how do they differ?

What Is Cryptocurrency?

Cryptocurrency is certainly a type of virtual money, but its characteristics separate it from typical digital currency.

Cryptocurrencies are by no means new, but in terms of money, they're still finding their feet. The first cryptocurrency was launched in 2009 and is known as Bitcoin. Even if you're not big into crypto, you've likely heard of Bitcoin, as it has been the topic of various news stories and debates for some years now. Bitcoin was developed and launched by a group or individual who uses the pseudonym "Satoshi Nakamoto." To this day, no one really knows the true identity of Bitcoin's creator(s).

Every cryptocurrency out there today exists on a blockchain, which is an immutable ledger of chronological data. Each t***saction conducted using a cryptocurrency is recorded on its native blockchain. Each blockchain has a long line of blocks, in which finite numbers of t***sactions are stored. The number of t***sactions stored in the block depends on the block size.

Cryptocurrencies are generally decentralized, though they can have centralized characteristics. Decentralization refers to a system that spreads data and network power across multiple connection nodes. This structure ensures that no one entity ever has majority control of the network, which bodes well for security and t***sparency. Centralized networks, on the other hand, have a small group of decision-makers that harbor most, if not all, of the control, which many see as problematic.

Cryptocurrencies can be traded on various platforms, most notably exchanges. Cryptocurrency exchanges can be either centralized or decentralized. Some of the biggest exchanges, such as Binance, Kraken, and Coinbase, are centralized. But there are also some popular decentralized options out there too, like Uniswap and Slingshot. You can also buy or sell crypto using wallet apps, like Exodus and Mycelium.

A key point of contention surrounding cryptocurrency is its lack of regulation. Many crypto enthusiasts believe that cryptocurrency should remain unregulated and untouched by large financial institutions. However, this lack of regulation exposes cryptocurrency to many risks, including volatile price fluctuations, s**ms, and fraud. If you follow the crypto market, you'll know how drastically an asset's price can plummet or shoot upwards. This can sometimes be a good thing but often leads to huge financial losses on the part of investors.

The value of cryptocurrencies can vary based on how it is collateralized. Many major cryptos, including Bitcoin, Ethereum, Dogecoin, Litecoin, and BNB, rely on a supply/demand balance to maintain value. Say, for example, the demand for Bitcoin dropped to zero. This would result in a drastic price drop, as there is no longer a market for trade.

However, a category of cryptocurrencies known as stablecoins can fend against this. Stablecoins are often backed by collateral, such as physical reserves, bonds, and stocks.

Cryptocurrency can also be pretty restrictive in terms of accessibility and utility. While you can spend your cryptocurrency at certain stores, your choice will likely be limited. What's more, most vendors that do accept cryptocurrency only take the most popular assets, such as Bitcoin, Ethereum, and Dogecoin. Cryptocurrency is also illegal in certain countries, which makes it inaccessible to many.

What Is Digital Currency?

Digital currency is more of a blanket term that can be used for various assets. While you could certainly call cryptocurrency a digital currency, not all digital currencies are cryptocurrencies.

In short, digital currency is any fungible asset that exists only online. Many kinds of traditional tender exist as digital currencies, including the British Pound, US Dollar, Japanese Yen, Indian Rupee, and Canadian Dollar. Of course, these currencies are not exclusively digital, but in this technological age, vast proportions of the economy's wealth exist online.

Consider your bank account, for example. When you use this account's payment card to pay $20 for a product, no physical money is exchanged. The $20 will likely remain virtual for a long time until it is cashed out. While there are paper dollars in existence that represent digital dollars, this physical money is not backed by any valuable asset (such as gold or silver), so the physical and virtual versions only hold subjective worth.

Because digital money is now so common, it can be used in almost every capacity. So whether you're paying for a product online or in a store, subscribing to a service, donating to a charity, or making a bank t***sfer, you can do so using entirely virtual tender. In fact, Rory Callaghan reports that 92%-93% of the world's currency is already in digital form, which shows how crucial digital money has become in our modern world.

Cryptocurrency vs. Digital Currency: Key Differences and Similarities

The biggest difference between digital currency and cryptocurrency is that the latter always exists on a blockchain, whereas the former does not. A digital cryptocurrency doesn't necessarily need a blockchain to function, though the technology is well-suited to virtual assets and their trade.

When it comes to inherent value, both digital currency and cryptocurrency are in the same boat, for the most part. Typical cryptos have no collateral, as is the case for digital and traditional currencies. However, cryptocurrency stablecoins are backed by valuable real-world assets, such as gold, silver, or oil. This backs the crypto's value and gives it an inherent, objective value.

In terms of accessibility and utility, digital money in the form of legal tender is by far the winner. You can use digital dollars, pounds, rupees, and other forms of currency in a myriad of ways. In contrast, cryptocurrency is currently limited in its use outside of trading, staking, and investing. For example, in most countries, you can't head to a bar and pay for your drink with crypto, but you're likely able to pull out your card or smartphone to pay in a digital tender.

So, while digital currency can be used to describe cryptocurrency, there are technical and practical differences between these terms worth keeping in mind.

Digital Currency Plays a Huge Role in Our Lives
Whether on the blockchain, in our smartphones, or on our payment cards, digital money has become an inherently crucial part of our global economy throughout the 21st century. Though opinions may vary on cryptocurrency and its future, there's no doubt that digital money, in general, is here to stay.

CounterRevolutionary

dRucker - Today is Wednesday May 24th, 2023. Saturday was May 20th, 2023, the day of the ball game.
C***D19 was officially over May 11th 2023.

Los Angeles is d**gging its feet. Why not call the stadium and ask what their cash policy is tomorrow?

Let us know. I am curious. Is Governor Devin Newsom a power-freak? These Democrat Socialists never let a good crisis go to waste! Their only profession is lying. How different when Ronald Reagan was governor.

First comes t***h, then trust, then love before the family unit becomes the building block of society, otherwise civilization ceases and vanishes. The capacity to deceive is not smart. Life is hell on earth when you cannot trust anybody. One day H****r B***n will wake up and tell all.

dtucker300 Loc: Vista, CA

Sorry if this confused you. Amazing what one little punctuation mark can do. "One week ago today at Dodger Stadium, and the L.A. County Fairgrounds last Saturday."

This is why I have trouble understanding and deciphering what most people write on OPP because of their imprecise written words which are a result of imprecise thinking. Some of it probably results from trying to type with one's thumbs on a small cell phone screen with auto-correct and auto-complete for many commonly used words.

This reminds me of a book titled "Eat, Shoots, and Leaves." or "Eat Shoots, and Leaves." or "Eat Shoots and Leaves."

1) The ball game was on May 17.
2) The fair, May 20th.
3) I don't care because I won't be going back there for a long time.
4) CA is Eff'd up.

CounterRevolutionary

Tucker, let us take a look at Katie Rees's article more thoroughly:

"Cryptocurrency is certainly a type of virtual money, but its characteristics separate it from typical digital currency...

What is "virtual money"? Definition, please.

"Every cryptocurrency out there today exists on a blockchain, which is an immutable ledger of chronological data...

"Immutable" as in DNA of organic life, like poppies, cocaine, and hemp?

but next:

" Cryptocurrencies are generally decentralized, though they can have centralized characteristics. Decentralization refers to a system that spreads data and network power across multiple connection nodes...

Huh, what? What is a "connection node"? What happened to the "immutable block chain"?

"Cryptocurrencies can be traded on various platforms, most notably exchanges. Cryptocurrency exchanges can be either centralized or decentralized..."

What? A "decentralized," "block chain which is an immutable ledger"??? I am sinking in a swamp of Liberal Leftwing Lingo that sounds so intelligent but makes no sense.

Oh, wait.

"However, this lack of regulation exposes cryptocurrency to many risks, including volatile price fluctuations, s**ms, and fraud...

Duh? What happened to the "immutability," not to be confoosed with "corruptibility."

"Digital currency is more of a blanket term that can be used for various assets...

VARIOUS ASSETS ???? - such as drug cartel purchases, terrorists purchases - weapons, sex trafficking, etc.
or
Maybe the embezzlement of the Bank of Bangladesh at the click of a mouse?
We already witnessed this on 9/11 with the 800 banks in the Twin Towers nightly cash exchange funneled into Allen Dulles' Bank of New York, the harbor of the Russian Mafia at the midnight hour.

Katie Rees concludes"
"Though opinions may vary on cryptocurrency and its future, there's no doubt that digital money, in general, is here to stay."

After the world banking collapse today, I think not. Nobody is going to bail out the EU again.

Tucker, we are listening to Orwellian doublespeak. We are being hoodwinked by Katie Rees with mountains of cute cliches and Meadow Muffins, aka BS.