Understanding the Synthetic CBDC Model Versus the Direct-Issue CBDC Model
Some central banks will use private banks to crush our liberty & surveil & control our financial transactions in a similar way that the White House used social media companies to suppress free speech
Worship God, Not the Beast or Satan
John 4:23 (KJV)
23 But the hour cometh, and now is, when the true worshippers shall worship the Father in spirit and in truth: for the Father seeketh such to worship him.
Revelation 14:6-7 (KJV)
6 And I saw another angel fly in the midst of heaven, having the everlasting gospel to preach unto them that dwell on the earth, and to every nation, and kindred, and tongue, and people,
7 Saying with a loud voice, Fear God, and give glory to him; for the hour of his judgment is come: and worship him that made heaven, and earth, and the sea, and the fountains of waters.
Revelation 13:15-17 (KJV)
15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.
16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:
17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.
The Synthetic CBDC Model That Some Central Banks Will Use To Carry Out Satan’s “No Buy, No Sell Without the Mark of the Beast” Policy of Revelation 13:17
I was asked recently about US Federal Reserve Chairman Jerome Powell's testimony on March 7, 2024, at a hearing in the Senate Banking Committee, where he said that the Federal Reserve has no plans to launch a retail, Direct Issue central bank currency (CBDC):
"‘The last thing we would want - we, the Federal Reserve - would be to have individual accounts for all Americans, or any Americans. Only banks have accounts at the Fed and that's the way we're going to keep it,’ Powell said. ‘People don't have to worry about a central bank digital currency. Nothing like that will happen for a long time.’ Powell informed the committee that if the Fed were to explore a digital dollar, it would work with banks to manage accounts, strictly avoiding any direct government oversight of individual transactions. ‘We would never consider the idea of having government accounts that would allow us to see all your transactions. That's just not something we would support, do or even suggest in the United States,’ claimed Powell.”
Chairman Powell is not being completely truthful.
Both Powell and Christine Lagarde have been telling us for some time that the Federal Reserve and the European Central Bank (ECB) will not be following the Direct Issue CBDC model, but instead will adopt a Synthetic CBDC model in order to evade the US Constitution and European laws governing privacy.
Jerome Powell confirmed in September 2022 during an event hosted by the Bank of France that CBDCs would not be issued directly by the Federal Reserve. He listed four characteristics that he would want to see in a CBDC, and one was that it would be issued through intermediaries (private banks), and another characteristic is that it would NOT be anonymous, as it would be tied to a digital ID. Powell stated:
“If we were to pursue a CBDC, it would at a minimum have the following four characteristics,... First is intermediated. Second is privacy protected. But third is identity verified. So, it would not be anonymous. It would not be an anonymous bearer instrument. And fourth is transferable or interoperable. So, we would be looking to balance privacy protection with identity verification, which has to be done, of course, in today's traditional banking system.”
The ECB has made similar statements indicating that it is leaning toward a Synthetic CBDC model. Per the ECB’s October 18, 2023 press release when it announced that the Digital Euro was entering the Preparation Phase, it stated: ““[T]he ECB has designed a digital euro that would be widely accessible to citizens and businesses through distribution by supervised intermediaries, such as banks."
By “intermediation,” I believe that Chairman Powell and ECB President Lagarde are describing a sort of “Synthetic” CBDC in the form of stable coins or deposit tokens issued by a major bank (ie, JP Morgan Chase, Visa, Paypal, etc). But even a Synthetic CBDC model would be just as dangerous to our civil, personal and religious liberties because it would be programmable and tied to your digital ID.
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