Federal Reserve says CBDC is a Key Duty | The David Knight Show

➡ The David Knight Show talks about how the Federal Reserve and Congress are working on creating a digital currency, even though they’ve said they aren’t. They’ve named it “Fedcoin” and are figuring out how to make it, how to get people to use it, and how to control it. They’re saying it’s good for the environment, but some people, like Tom Emmer, are against it because they think it will hurt other digital currencies like Bitcoin. The Federal Reserve isn’t always honest about what they’re doing, so it’s important to pay attention.

The Federal Reserve has declared that CBDC is a, quote, key duty, unquote, a key duty of Congress, despite their public statements, and say, well, we’re not working on CBDC. And of course, we always knew even they have something called Fed now. And they say, well, it’s not going to lead to Fedcoin, which we’ve already named. We’ve already named the baby. They already called their CBDC FEdcoin, and they come out with the intermediate wholesale step, call that fed now and say, no, we’re not really doing that as reclaimed.

The net says that if you don’t think the Fed is pursuing CBDC, think again. And so it is a key duty of Congress to do this. And of course it’s a key duty of Biden. And Biden got that message. And so going back to March of what was it? It was 2022, I think was maybe 2023. He said, no, it’s 2020. Anyway, he put out in March and it took about six months for them to come back.

And he gave every part of the federal bureaucracy, every part of the so called swamp, which is all underneath the president. He gave all of them something to do to develop it. So he got the message. That’s a key duty. And of course, that is completely redesigning the financial system. That’s one of the aspects. Another aspect was, how are we going to force it on people, law enforcement.

Another one was the actual design of the technology for the CBDC. And then the fourth one was, how are we going to sell to people? Well, we’ll sell to them by talking about how it’s good for the environment. They will completely forget about the power that is used by their NSA Bluffdale facilities and the amounts of water that are used and what is used by OpenAI. No, none of that counts.

But if you’re doing cryptocurrency mining, oh, you got to stop that. We’re not going to do any mining. This is going to be worth what it’s worth because we’re going to tell you what it’s worth. It’s going to be fiat in the same way that paper is fiat, but it’ll be digital and used for control. The Federal Reserve does not appear to be one of those institutions whose word you could, so to speak, take to the bank, reclaim the net.

In other words, they say one thing, they do another. Tom Emmer, who is the house whip, I’m not sure where he is right now in the leadership, but I was surprised. This is a guy that I never knew anything about. It turns out that he’s very well connected to big business. That’s how he got to be the number three previously. But he took the lead in opposing CBDC.

And I thought, that’s a good thing. Somebody’s got to do it. One of the reasons that he took the lead in opposing it was because he has a lot of sponsors who are in the cryptocurrency industry and they’ve given him a lot of money. And CBDC has positioned itself as know there can only be one. They don’t want the competition from bitcoin or any other cryptocurrency. So the CBDC advocates have targeted bitcoin and cryptocurrency for extinction.

And so Tom Emmer, representing the cryptocurrency industry was taking on CBDC. So the Fed has recently been telling Congress that steps leading to a digital dollar are among its, quote, seven key duties. You got seven things to do here, and this is one of them. This is according to Congressman Tom Emmer, who posted the document March 14 on Twitter on X, explaining that his office received it as the federal representatives were in Congress for a presentation.

And so here’s the key duties of the Fed payment system. So you understand, the Federal Reserve, this private organization, this private bank, which is neither federal and has no reserves, is telling the Congress what their duties are because we don’t look at the Constitution anymore. We don’t care about that. So key duties are currency check collection, automated clearing, wholesale payments. This is the key duties of the Federal Reserve, the fiscal agent of the United States government, Fed.

Now, which I mentioned before, and CBDC. So those last two things that they claim, well, there’s nothing going on with that. Those last two things, they’re what they’re talking about now, interestingly enough, they didn’t say, well, setting interest rates and things like that. Interesting, they didn’t mention that. So again, their key duties are fed now and creating CBDC. Just one week before the presentation document Congressman Emmer was referring to when he posted, if you don’t think the Fed is pursuing a CBDC, think again.

Just one week before that, the Fed was in the Senate and Jerome Powell told the banking, Housing and Urban Affairs Committee that adopting or even recommending a US CBDC was something that was nowhere near in any form. No, not even thinking about it. They’ve been scheming and planning about this for the longest time. That’s the thing. That’s what they do. It’s like, what do they do with the pandemic? They create these crises, these false flags like 911.

They use the panic and the problem to push something that they’ve been designing for a long time. They practice it for a long time and then suddenly they roll it out on us. And as I’ve said many times, my key reason for wanting to have a backup in gold or silver bitcoin is too much of a roller coaster for me. Fine. Some people do that. As Aaron Day, who I interviewed, he’s adamantly against CBDC.

He’s trying to educate people about the dangers of it. He talks about all three, gold, silver, bitcoin. But you need to do something to get out of this system. Because this system now ends up in CBDC. In spite of all the lies that they’ve been telling everybody. We never believed Powell and the Federal Reserve when they said they weren’t going to CBDC. They’ve been planning and designing this and working on it for a very long time.

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