[Music] the most important thing today are credible sources and we listen to Jim all the time what is your concern on executive order 14067 was just signed in as with Biden and Company only a few months ago what what is the your concern 14067 yeah it has it has a number of parts and uh the thing with uh uh well executive orders for that matter legislation I can say you have to read the fine print you do but you have to actually consider the hidden agend is like you I can read it anyone can read
it it's a public document but what's behind it where they going with it and that's really where the urgency comes in it's basically an order that uh accelerates the US movement towards a central bank digital currency so-called CB DC um these are happening all over the world Beijing already has one they're past the Prototype stage they kind of roll that out during the winter Olympics um you know last uh February um I believe or not Bahamas has a digital currency the few other countries that have already gone in that direction Europe is uh the the
European Central Bank is very far along the US and the Federal Reserve because they they print the currency um they were uh they understood the importance of it they were watching it but they were kind of taking their time like Hey we're the biggest pment currency biggest Reserve currency in the world which the dollar is and we going to want to race into something if it's not thought out and they were doing a kind of joint venture R&D program with MIT okay they got some experts there so that that seems to make sense but all
of a sudden they accelerated it and uh they said now we got to move fast on this we got to catch up and that's what one for 067 was about but uh so okay so that's kind of what you could get from meeting but what's the hidden agenda well the the first of all just way a little bit of background Central Bank digital currencies it's still the dollar you know so a a digital dollar is still a dollar a digital Chinese yuan is still a Yuan a digital euro is still a Euro so it's not
a new currency but it is a new payment Channel and it is a new form of the currency if you want to think of that way even though it's still the dollar and it goes hand inand with getting rid of cash uh in other words I'll spend you know in a minute we'll get into what the Central Bank digital currency with the hidden agenda is behind that but as I go through the list of of you know really bad things that can happen you say well okay but I I still got cash I can go
down in the bank and get a you know whatever uh $10,000 $100,000 in cash by the way that's not easy to do you can it's legal it's not IL legal but uh try doing it they'll tell you to come back make an appointment uh they don't have that much money they got to ship it in you better show up with like your birth certificate and five character Witnesses and then report you they'll report you to the treasury actually the financial crimes enforcement Network knows the word crime fin stand for short Northern Virginia and you'll go
in a file next to uh so it's not so easy to get your cash but you can in theory and uh and that's still alternative so they have to not only push this the digital currency agenda which we'll talk about in a minute but they have to get rid of cash because as long as you have cash you can do an end right around this so these two things are coming down the track pretty fast now flipping back to the central bank digital currency um it's not a cryptocurrency um it's not on a blockchain blockchain
is just a ledger they've been around since the80s no big deal but this Ledger will be maintained by somebody probably the Federal Reserve but you know there could be new me I just see doing it Jim a ledger that a ledger that keeps track of everybody's transactions well it does two things it does that you're right Kim but it also it's kind of like a bank account so we might quickly end up in a world where you know I have an account of a bank you guys have account Banks those banks are either members of
the Federal Reserve System or they're smaller banks that are that are correspondents or bigger banks that are members of the federal service system America the point being um uh the banks kind of keep all the books we might be in a world where you you would have to count the fit uh you know Cam and Robert and I and everyone L thing we have an account at the FED uh we'd have it on our iPhone or our Samsung or whatever our mobile phone is um and if I send you money it just the bed takes
out of my account sends it to your account and your story kind of like a V mode type of thing with you know larer denominations Etc that has implications in terms of disintermediating the bank so if you can do that that you can technically these Banks but those are like the fed's main job from the beginning 1913 early 19700 is to prop up BS it gets squer there so I doubt they'll just but but other way you're going to have a f cheaper better system for making things uh but but what else and this is
the key and this is why s arm a little bit look so once it's digital a couple things they they know your whereabouts now they already know your whereabouts from your iPhone unless you turn your iPhone off not just turn it off called f which is a special woven fabric of a metallic weed that blocks gradiation um and by the way do the same thing with your Easy Pass and a bunch of other stuff but um unless you do that then they know where you are for your iPhone or your Samsung or whatever so they
already know your whereabouts we have facial recognition software people go I'm going to wear mask and sunglasses and P my hat down okay they have what's called gate recognition software git t meaning how you work it's like a fingerprint so even if you wear a mask see sobody know now what you're buy [Music] right start keeping Cod start keeping Cod Scan Digital scan uh and this digal curreny is approprate meaning they can purchases are not so let's say and you might find counts for us uh or let's say they want to uh see right now
if you work and you you're an employee it's a technical term defin and you get paid and you get a W2 at the end of the year and but they withhold it from your payment every they get paid every two weeks or whatever they withhold employer withholds taxes from your wages and then you file get your W2 file your tax can reconcile the money but that's not true for contractors doors Architects anybody doeses just I'm just going to take you know some number 20% out of your bank account every month and yeah fine you we'll
send you statement 109 file your tax return and you know you ow or you get a refund but no more honor System in other words uh no more raiting till year end we're going to take care of your bank account or what if it's form stimulus even though it's not stimulus but all that but we're going to put a countdown clock on your bank account and if you don't spend 10% of it in the next 30 days we deduct you know that much so know usable mus it so now we here I worked hard to
made this money Bank you tell me if I don't spend any so I might as well spend it course that because number of things you can do from surveillance to identifying your K purposes ping taxes peses Expos take it's not it's this is that same idea this is like yeah people it's already happening I mean it's already here
