Digital Money Honey

Cargo Cult

We talk about central bank digital currencies (CBDCs), which will enable a new level of financial surveillance and social control. And we’re joined by John F O’Donnell, a guy with horrible karaoke etiquette. We promise we're not a con op lim hang !!! Photo: Jerome Powell

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Kitty History: https://www.youtube.com/watch?v=0-Lvv1f5Qu4

Guaranteed Income Pilot Program Act of 2023: https://www.congress.gov/bill/118th-congress/house-bill/5776?s=1&r=42#:~:text=Introduced%20in%20House%20(09%2F27%2F2023)&text=This%20bill%20directs%20the%20Department,the%20ages%20of%2018%2D65.

A Proposal for CBDC based UBI: https://www.institute.global/insights/tech-and-digitalisation/proposal-web3-based-universal-basic-income

IMF’s CBDC Virtual Handbook: https://www.imf.org/en/Topics/fintech/central-bank-digital-currency/virtual-handbook

“Greatest backdoor Wall Street bailout of all time”: https://www.wsj.com/articles/SB10001424052702303763804579183680751473884

Digital Currency vs. Existing Electronic Currency: https://www.nttdatapay.com/blog/types-of-digital-currency/#:~:text=What%20distinguishes%20digital%20currency%20from,those%20connected%20to%20the%20Internet.

CBDC vs. Crypto: https://www.weforum.org/agenda/2023/11/cbdcs-how-different-cryptocurrency-stablecoin/#:~:text=The%20main%20difference%20between%20CBDCs,data%20protection%20and%20online%20privacy.

The Federal Reserve Dissing Crypto: https://www.youtube.com/watch?v=0SxNyL3YFaM

IMF Dissing Crypto: https://www.youtube.com/watch?v=Z4NpCf5Phj0

BIS Dissing Crypto: https://www.youtube.com/watch?v=9mvSsM1uqGo

The benefits of a cashless society: https://www.weforum.org/agenda/2020/01/benefits-cashless-society-mobile-payments/

Atlantic Council CBDC Tracker: https://www.atlanticcouncil.org/cbdctracker/

Atlantic Council Donors: https://www.atlanticcouncil.org/in-depth-research-reports/report/2022-annual-report/

IMF Working Hard on Global CBDC Platform Concept, Georgieva Says: https://www.bloomberg.com/news/articles/2023-06-19/imf-working-hard-on-global-cbdc-platform-concept-georgieva-says?embedded-checkout=true

BIS Survey on CBDCs: https://www.bis.org/publ/bppdf/bispap136.pdf

BIS Explained: https://www.bis.org/about/index.htm

BIS Livestream, “Central bank digital currencies, digital payments, and the future of money”: https://www.youtube.com/watch?v=xVD1ZFPzcbg

Biden Executive Order on CBDCs: https://www.whitehouse.gov/briefing-room/presidential-actions/2022/03/09/executive-order-on-ensuring-responsible-development-of-digital-assets/

Statement from Secretary of the Treasury Janet L. Yellen on the Release of Reports on Digital Assets: https://home.treasury.gov/news/press-releases/jy0956

US Policy Objectives for a CBDC System: https://www.whitehouse.gov/wp-content/uploads/2022/09/09-2022-Technical-Evaluation-US-CBDC-System.pdf

The IMF on Nigeria’s CBDC: https://www.imf.org/en/News/Articles/2021/11/15/na111621-five-observations-on-nigerias-central-bank-digital-currency

U.S. Agency for International Development (USAID) announces “Catalyst: Inclusive Cashless Payment Partnership” for India: https://2012-2017.usaid.gov/india/press-releases/oct-14-2016-usaid-launches-catalyst-drive-cashless-payments-india

Indian PM Modi Announces Rs 500 and Rs 1,000 to be Pulled Out of Circulation immediately: https://timesofindia.indiatimes.com/india/rs-500-and-rs-1000-notes-pulled-out-of-circulation-immediately-pm-narendra-modi/articleshow/55315473.cms

The Federal Reserve on Programmable CBDC: https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf

JP Morgan on Programmable Money: https://www.jpmorgan.com/onyx/programmable-payments-purpose-bound-money

Bank of England calls on ministers to decide whether a CBDC should be programmable: https://www.telegraph.co.uk/business/2021/06/21/bank-england-tells-ministers-intervene-digital-currency-programming/#:~:text=Bank%20of%20England%20tells%20ministers%20to%20intervene%20on%20digital%20currency%20'programming',-Digital%20cash%20could&text=The%20Bank%20of%20England%20has,is%20spent%20by%20the%20recipient.

Eswar Prasad on the “Future of Money” at the WEF: https://www.youtube.com/watch?v=gyANVmHJB3c

Factchecking the Eswar Prasad Quote: https://apnews.com/article/fact-check-world-economic-forum-cashless-society-false-cbdc-592718364311

Ron DeSantis on CBDC and “Woke Banking”: https://www.c-span.org/video/?532981-1/governor-ron-desantis-campaigns-hampton-nh

Republican Lawmakers Introduce Legislation to Ban a CBDC in the U.S.: https://www.coindesk.com/policy/2024/02/27/republican-lawmakers-introduce-legislation-to-ban-a-cbdc-in-the-us-again/

Trump Campaign Vows to Block CBDC: https://thehill.com/business/4416139-trump-vows-to-block-creation-of-digital-dollar/

Trump Admin Floats Idea of “USDC,” US Digital Currency: https://www.theverge.com/2022/1/17/22888225/jared-kushner-us-treasury-mnuchin-government-federal-cryptocurrency-trump-white-house

Better than Cash Alliance: https://www.betterthancash.org

Digital Dollar Project: https://digitaldollarproject.org

The IMF’s Tobias Adrian on a Synthetic CBDC: https://www.imf.org/en/News/Articles/2019/05/13/sp051419-stablecoins-central-bank-digital-currencies-and-cross-border-payments

The IMF’s Tobias Adrian used to be at the NY Fed Before the IMF: https://www.tobiasadrian.com/About

John’s 17 Plugs: https://linktr.ee/therealjfod