House Passes Bill to Ban Central Bank Digital Currency

House Passes Bill to Ban Central Bank Digital Currency | Business Matters (May 23)

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Ай бұрын

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The House of Representatives has just passed a bill to stop the federal reserve from issuing a central bank digital currency. The bill passed the chamber pretty much along party lines. Proponents of the bill argue a central bank digital currency would threaten Americans' financial privacy. Meanwhile democrats say the bill will hold back American innovation.
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@reinaldojeremias2031 Ай бұрын

CBDc is modern slavery

@bubbajones4522 Ай бұрын

Fiat currencies whether paper or digital are the chains that bind us all into slavery.

@kit-katCat Ай бұрын

WE are ALREADY slaves lol CBDC is the slave master way to subdue us😂

@beogeek Ай бұрын

and privately owned fenedral reserve fiat currency isn't?

@Gman979 Ай бұрын

Better to be silent and be consider a fool then to speak and remove all. CBDC is based on block chain tech just like Bitcoins. Don't listen to all the dumb wit fearmongerers. Lol

@exaltedone2799 Ай бұрын

@@beogeek At least is in our hands and we get to choose how we earn it and spend it for the time being.

@rikker5251 Ай бұрын

This was an important vote to protect American's freedom . Any member of the House that did not vote to ban CBDC, or abstained from voting, should be voted out when they run for their next term

@JasonDeville-fi4dh Ай бұрын

No they shouldn't. The house are representatives of the people. Some people want it.

@truthseeker4446 Ай бұрын

@@JasonDeville-fi4dhthe only people that want it are very unaware the deprecations that follow, I agree vote out the ones that voted for it, they are the ones bringing us to our knees

@hanselito2416 Ай бұрын

@@JasonDeville-fi4dh they want it because they either dont understand it, or they know what side of the power structure they'll be on.

@skywatcher6064 Ай бұрын

@@JasonDeville-fi4dhYes they should, Some people are not a majority. A minority does not constitute a democracy. A democracy represents the ideas that a Republic needs and desires to survive. CBDC is national suicide. Akin to 20 dollar minimum wage, CBDC will gut our ability to survive And function as a free nation. American people were against computerized autos, they shoved them down our throats and now citizens on average can not repair them. Life is not a game of Monopoly Jason.

@jakobausterlitz8102 Ай бұрын

Lol - no. It's a meaningless vote by a bought and paid for congress.

@tonidantonio9877 Ай бұрын

Let this be all over the world. We don’t need a digital prison for the people.

@johnunderwood9575 Ай бұрын

This is without a doubt a step in the right direction. The elimination of cash is a horrible idea.

@lindatullos9430 Ай бұрын

I agree but they have done this in India to remove cash. They have a harder time about gold as it has religious significance. But The USA did take gold away from everyone for a long time. (making it criminal to own gold coins and bars.)

@thetwotravelers546 Ай бұрын

If there were 5 more Democrats in Congress they would be voting for CBDC, so remind everyone you know that Democrats want to control all the money and then they can use any amount to tax us.

@thetwotravelers546 Ай бұрын

@@lindatullos9430Learn your history the government never outlawed gold, they allowed people to keep some coins. And what they really did was stop the use of gold as a form of cash.

@Wilhuf1 Ай бұрын

Digital currency doesn’t seek to eliminate cash. It is IN ADDITION TO cash.

@johnunderwood9575 Ай бұрын

@@Wilhuf1 You are uninformed. It most certainly is intended to eliminate cash. It is a matter of public record. This is not a theory or a rumor. It is fact. Don't comment about that which you know nothing. You will only manage to make a fool of yourself.

@jimmyfortrue3741 Ай бұрын

The Federal Reserve is neither Federal nor a Reserve.

@incognit01233 Ай бұрын

Indeed. Wait till people realize that fort knox is empty and was built to be the Feds personal piggy bank. Hell wait till the rest of the world realizes the gold america held is gone and who took it and has it RIGHT NOW.

@MrsPuggyWggyHaASquareCutPunt Ай бұрын

A SMOOTH CRIMINAL! 🤬

@rempseaheinamies9414 Ай бұрын

Nor it works for the good of Americans.

@coldmindedjewelz Ай бұрын

Right they are regarded to no laws

@charlebrownga Ай бұрын

@@coldmindedjewelzthe federal reserve and the irs both ends of the same snake

@robadams7233 Ай бұрын

With CBDC the government can actually switch off your money, how horrifying is that?

@JasonDeville-fi4dh Ай бұрын

They still can. People like me know that. You get a phone call saying you have 14 business day to switch banks and then every bank will not let you open one

@JasonDeville-fi4dh Ай бұрын

Do you have a right to have a bank? Does a private bank have to legally open a bank for you or can they choose? What will you do if they don't let you have one?

@robadams7233 Ай бұрын

@@JasonDeville-fi4dh Yes, you don't know you live in a cage until that happens to you. Then you start to notice the bars and the locks. It's absolutely horrifying, but at least you can survive on cash (for now).

@christinewillis7545 Ай бұрын

@@JasonDeville-fi4dh You become your own bank. Buy bitcoin/sats and store in a Trezor wallet (effectively your own bank). No third party permission , it cannot be printed, it cannot be looted, Blackrock is trying to control it to manipulate the price. They're too late. Bitcoin is controlled by miners and nodes from all over the world. Fiat currency is losing value fast. The banks are broke and actively buying gold and bitcoin. Stay in fiat and you will be rugpulled. Inflation, interest rates should give you a clue. This is another way of stealing from you.

@lindatullos9430 Ай бұрын

@@robadams7233 Though if you carry too much cash, police will claim it and say it's suspect. Then you have to go through massive red tape to get it back. This amount can vary. Some police think a couple hundred is too much.

@masonryjoe Ай бұрын

Now they should go one step further and vote the central bank out of the system !

@Pulapaws Ай бұрын

Not going to happen everyone that tried ended up dead.

@ShaKnowsall Ай бұрын

Good idea but won’t happen with idiots in power

@notoftheworld6905 Ай бұрын

Shocking, the house actually does something right. I’m amazed.

@JasonDeville-fi4dh Ай бұрын

It's only because there is a huge threat of ww3. If there was no threat they'd do it

@bubbajones4522 Ай бұрын

It's just for show. Bread and circuses for the ignorant masses.

@IloveGOD2227 Ай бұрын

Eventually they will approve it, understand under the one World Government. The globalization Agenda is the same as digital currency 💲💵 or taking our freedom. The leader of the One world government will demand and constitute every nation to follow. Or they will be excluded from society. All of this is biblical. Revelation 13:16-18 has to come to pass. GOD cannot lie.

@FranklinGray Ай бұрын

@@bubbajones4522 Yep, it will be vetoed by Biden but doubt it even gets that far.

@martindellow7390 Ай бұрын

what wonderful news to wake up to......nip it in the bud....we love you, it had to be a J Kennedy!!!!❤🎉

@justinferguson9779 Ай бұрын

If my bank went digital I would move my account and close it.

@tigerstallion Ай бұрын

already is 90% digital

@ioeman8478 Ай бұрын

thats a win for FREEDOM

@jamesmichaeljean7840 Ай бұрын

Don't Count The Chicken yet, Biden can still veto it.

@UMS9695 Ай бұрын

This IS a step in the right direction!!

@antton9623 Ай бұрын

Realistically this isn't a step in any direction, it is a halt of a step further into the debt slavery system. A step in the right direction would actually undo some of the harm and power of the debt system. This bill doesn't undo anything. Because of interest we are today in more debt than we were yesterday and will be in more debt tommorow than we are today. We are still exponentially accelerating our own march deeper into complete and total debt slavery in which we have already been for a very long time. A step in the right direction would reign in the debt, which this bill doesn't do.

@RUGRAF-rf8fi Ай бұрын

Good!! Finally some folks having a sense of integrity!!!

@francineharris9473 Ай бұрын

Don't be fooled it's coming because everything has to be fulfilled, I'm not buying it

@CJAG1227 Ай бұрын

So grateful Congress voted against digital $$! Our sovereignty is not for sale! Privacy and our constitutional rites would be in jeopardy if we allowed this atrocity to happen!

@nancylackner9277 Ай бұрын

Thanks house for passing bill

@user-lu6yg3vk9z Ай бұрын

Don’t worry it will be reversed. Get ready for that chip in the hand.

@RUGRAF-rf8fi Ай бұрын

Sooner or later the beast system will become the way of things. Come LORD JESUS! 🙏🏼

@Pennyywissee Ай бұрын

Nahhh not if we don't give in. Your life is your life man. Grow food, be self sufficient. They can't force you to do anything.

@realmseeker814 Ай бұрын

@@Pennyywissee your correct, but people are brainwashed and are to scared to Stand Up!!!! Whatever happens is 100% the fault of weak cowards citizens!!

@valeriew5934 Ай бұрын

Does the Bill have to pass the Senate

@flemmingbrooke Ай бұрын

My success was largely based off of a single, simple approach (portfolio Management) but remember, investing is a journey, not a sprint - take your time, stay patient, and stay focused on your long-term goals.

@GeorgeNN Ай бұрын

@laportafrank Ай бұрын

At the end of the day, there's no one particular way of bridging that gap. but starting to save early and investing in the financial markets can never go wrong. if I were to start over in 2024 with less than $50k I would still use the portfolio management play-book.

@rickertcoles Ай бұрын

think you could suggest any professional/advisors i can get in touch with? i'm in dire need of proper portfolio allocation

@laportafrank Ай бұрын

AMBER KAY WRIGHT is the licensed coach I use. Just research the name. You'd find necessary details to work with a correspondence to set up an appointment. Wishing you all the best !

@greeyyggg Ай бұрын

Wow, her track record looks really good from what I found online. I'll take a chance and see how it goes. Thanks for the info

@curtisking1324 Ай бұрын

The Big No on CBDC!!!!!!!!!!!!!!!!!!!!!!!

@pearl8sol164 Ай бұрын

No one want to hide their activities more than a politician 🤣

@prodigalpriest Ай бұрын

You seem to forget that Rules For Thee But Not For Me will be in play.

@sheldonwheaton881 Ай бұрын

Thanks for the report on the Digital Currency BS. Great job Don and crew! Viva NTD!

@polly8844 Ай бұрын

Yes, block it now!!!

@jameswagner2634 Ай бұрын

That’s about the only smart thing that I’ve heard so far

@groovidg Ай бұрын

CBDC is the Monster in the closet.

@HamguyBacon Ай бұрын

Its a ban on Central Bank Digital Currency (CBDC) or the mark of the beast system not a Digital Dollar.

@johncenator3146 Ай бұрын

? The digital dollar is the cbdc? No?

@edwinj.t.p5998 Ай бұрын

If we're looking at it this way, then the digital dollar is any type of value stored in an electrical manner attached to a name of holder (person) including funds= cash-bank cards, owned commodities= gold, silver, owned stocks- CD's, social security, food stamps= citizen funds attached to ssi#. Quite possibly this idea of an agency displaying a hold back of a bad idea is just making themselves look good and favourable to be accepted.

@aspensulphate Ай бұрын

You are correct. The current unbacked fiat currency system is NOT the same as a CBDC. A CBDC basically substitutes government whim for currency, though they would never acknowledge the fact. If CBDC were ever to be enacted, it would be called something else, some euphemistic, secure-sounding term. They would discount, or not even mention, the absolute control aspect, or paint it as some kind of positive. They would probably also enact it along with some kind of "universal basic income." They know that the more people they have on government handouts, the easier they are to control. This is 1984-style autocracy at its worst.

@JimRex-sf8bt Ай бұрын

I'm hoping there will be a housing crisis so I can buy cheaply when I sell a few houses in 2025. As a backup plan, I've been thinking about purchasing stocks. What advice do you have for choosing the best buying time? On the one hand, I continue to read and see trading earnings of over $500k each week. On the other side, I keep hearing that the market is out of control and experiencing a dead cat bounce. Why does this happen?

@pengily_emi Ай бұрын

Investing in real estate and stocks might be a wise choice, particularly if you have a sound trading plan that can get you through profitable days.

@Stephenrogzyyy Ай бұрын

You're not doing anything wrong; you simply lack the expertise necessary to make money in a bad market. In these difficult circumstances, only really skilled experts who witnessed the 2008 financial crisis can expect to generate a large wage.

@RockRex-lx7lg Ай бұрын

Recently, I've been considering the possibility of speaking with consultants. I need guidance because I'm an adult, but I'm not sure if their services would be all that helpful.

@Stephenrogzyyy Ай бұрын

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@Stephenrogzyyy Ай бұрын

@johndudley6644 Ай бұрын

We Americans are watching! Good work to the House of Representatives but we Americans know that the Democrat controlled Senate and or the Democrat President Joe Biden will either vote no or Vito the central bank digital currency bill passed by the house of representatives! We Americans are not stupid and understand exactly what is going on with the central bank controlled federal reserve Fiat monetary system! 0:10

@christinewillis7545 Ай бұрын

Well said. Respect.

@andreakondora7348 Ай бұрын

My first thought... Congress will vote it down.... Doesn't fit THEIR AGENDA... UNIPARTY Same bird no matter what party they SO represent.

@lili2u405 Ай бұрын

Couldn't we have unity on an issue for just one moment without the us vs. them robot theme?

@barbiebeck9531 Ай бұрын

TY!! Great News!! Pray the Senate will do the same & prez doesn’t veto it!! 🙏🙏🙏🙏

@saltzmann1 Ай бұрын

Digital currency can become inaccessible in a flash. Many things can shut it down leaving people with the inability to purchase anything. Cold Hard cash is a necessity because no one's going to accept an I owe you for the necessities you need in an emergency. The fact is everyone needs emergency cash on hand if they expect to eat.

@woodsail40 Ай бұрын

Social Credit Score should be next to be made unlawful!

@timothyhoffman3470 Ай бұрын

It's a Ball & Chain you under the basement, thing, to keep the bad credit score that is~! They can keep high interest rates on you to never get above ~~~~~water~~~~~~Just to blame You/us for bad credit that came with the great foreclosure crisis~ And rob the tax base to give us all our debt~ From the WAR'$ for profit! & free money to the corps.. And with the Crooks to making people to become homeless & for the $ame reason rent is so high today!~

@dawhi9818 Ай бұрын

Good for the government to remove the control of

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@eugen-pr6lg Ай бұрын

Hello!! God is wonderful, thanks for sharing such good news, I'm genuinely curious to know how you earn that much weekly?

@PanagosHaire Ай бұрын

Hi that's good you have idea &share to those who deserve it that's great god bless🙏🙏

@Steph-uz8jd Ай бұрын

She's a licensed broker here in the states🇺🇸 and finance advisor.

@Steph-uz8jd Ай бұрын

After I raised up to 525k trading with her I bought a new House and a car here in the states🇺🇸🇺🇸 also paid for my son's surgery….Glory to God, shalom.

@sheltonunrabbe Ай бұрын

Can I also do it??? My life is facing lots of challenges lately

@saiyansanity Ай бұрын

this just shows how many in us politics recieve bribes and dont want it to be easly tracable calling it a breech of privacy

@nyc-exile Ай бұрын

Congress is with us? Something is fishy.

@kit-katCat Ай бұрын

I thought the same thing!😂 Maxine Waters just said it lmao! how is she gonna hide her bribe money🤣🤣😂

@raevj Ай бұрын

We do not want programmable currency…EVER!

@kit-katCat Ай бұрын

i think we should do WITHOUT IRS and install a VAT system just like Europe has🤷🏻‍♀️The Fed Reserve is treating us like SLAVES…we pay to a system the mayority if us receive NO benefit from

@user-uh2pe3kw5l Ай бұрын

Don't want digital.Banking ever

@Alpacabowl98 Ай бұрын

The House passes stuff all the time without asking the American people what they think. Some of these people have no idea what they are talking about.

@GRADE8BOLT Ай бұрын

Same group of people at it since 1913

@annmarieknapp Ай бұрын

A government digital currency is a terrible idea.

@nyc-exile Ай бұрын

Does this means that the gov would not be allowed to control their hard earned drug money.

@rr-fn5bs Ай бұрын

THANKGOD! finally we do something right, and the politicians do something for the people for once in recent times.

@macbrazzle754 Ай бұрын

I wouldn’t go along with it anyway because the government has no rights over me

@juanitahall9190 Ай бұрын

NOW PASS THE SENATE!!!!!!!!!! 😮

@raevj Ай бұрын

It will only fully pass when Republicans take back the Senate and Trump takes the White House.

@jeusnimrod2066 Ай бұрын

YES :Republican 213, Dems 3 NO: Dems 192 Mea culpa.

@TheRealTommyBear33 Ай бұрын

? so over 200 congressman didnt vote? cause these numbers do not add up

@kerrysmith9666 Ай бұрын

Wrong : 1:16 Yes : Republican 213 No : Democraps 192

@michanel888 Ай бұрын

@@TheRealTommyBear33neither do you. Do we have 600 congressmen? I count the voters as 408. Missing about a hundred+, not two.

@1Probound Ай бұрын

"That is a design feature that is within our control". Therein lies the problem. You don't have a right to control our money.

@Wilhuf1 Ай бұрын

And you’re ok with banks controlling it instead.

@user-sm9mw8dg2z Ай бұрын

What a coincidence just months before an election 💵💵💵

@ruthnovena40 Ай бұрын

thank you don.

@verniece2 Ай бұрын

Nice. Finally some hope for the future. The elites are definitely pissed off right now!

@prodigalpriest Ай бұрын

The Senate or the President can still sink the Bill.

@verniece2 Ай бұрын

@@prodigalpriest True but I think it's about time something good happens for us. They can't and won't always win❤️

@donnahall-kumar333 Ай бұрын

Now you know that THIS IS IT...put your eyes on your STATE Repersatives...❤😂🎉 👀👂👂✨❤️

@LadyFarin Ай бұрын

KEEP THE US DOLLAR. RE-BACK OUR CURRENCY EVENTUALLY. I DO NOT WANT ANYONE TELLING ME HOW TO SPEND MY MONEY!!

@bonniegettingthrumyday2866 Ай бұрын

Yes!! Yes yes yes!! 👏👏🥰❤️

@woodsail40 Ай бұрын

This will tell us who is running the USA. Are we still a Country or are we under the authority of the United Nations Roman Organization.

@charlebrownga Ай бұрын

This isnt about banning a cbdc.its about banning competing currencys.

@brianmurphy7372 Ай бұрын

If they had passed a bill to eliminate cash it would have put almost all fast food stores and street venders out of business

@gilbertlujan1220 Ай бұрын

It all breaks down to , one organized crime faction , taken advantage of another organized crime faction ! That’s all it is

@roostercrows3477 Ай бұрын

Freedom to buy my friends lawn mower with cash ment for private transactions.

@leroyessel2010 Ай бұрын

When I voted Libertarian in 1980 my vote counted to abolish Federal Reserve and thankfully Argentina recently voted for first Libertarian President and former President Trump & RFK Jr just attended the 53rd Libertarian Convention was amazing.

@juanitahall9190 Ай бұрын

They're running scared they might win trying to take votes RFK IS WELCOME THEYRE TRYING TO SUPPRESS HIM AND CORNELL WEST TRUMP HAD A CHANCE HES A WANNA BE DICTATOR. VINDICTIVE, CRASH, 1ST THING HE DID CUT TAXES ON RICH!

@johnjaco5544 Ай бұрын

I like the part Where the audience Booed trump off the stage

@KrawnKam Ай бұрын

Govenment complaining about endless fees is really rich.

@Jerkasoid Ай бұрын

What do you think the Senate will do? I think we all know!! Will fail in the Senate!!

@user-fj9fm8fq4t Ай бұрын

That is a really big thing I'm glad if this has been done

@davj1481 Ай бұрын

One reason digital Central coin is absurd. What if the lights go out. You won't be able to buy bubble gum at a trading Post in Alaska.

@ChrisWill Ай бұрын

The CARES Act originally had 7 pages dedicated to a new law outlining how a CBDC will actually be implemented by member banks and not the Fed directly. They took it out at the last minute.

@jeffreyhill3960 Ай бұрын

Thank god for some common sense!

@Wilhuf1 Ай бұрын

Lol they’re worried about financial privacy while ignoring the banking industry’s existing stranglehold over Americans’ financial privacy.

@IndigoMystik Ай бұрын

CBDC would definitely lead to a social credit system and total subjugation...not to mention the worst kind of 'government' overreach imaginable!!!!

@Mantikal Ай бұрын

It's going to be re-packaged and instead offered by regular banks. The "C" "Centralized" will be deleted from the new name branding - but behind the scenes, it will still be centralized.

@user-gv8of3co8x Ай бұрын

House OKs bill restricting digital dollar issuance without congressional approval. House lawmakers passed a bill May 23 that would prohibit the Federal Reserve from issuing a central bank digital currency *without explicit authorization from Congress.*

@Shenaniganwhat Ай бұрын

I'm honestly really surprised to hear the house actually doing the right thing in this regard. I thought everything was just about folded up and sold out.

@rheuss1 Ай бұрын

It’s one world government.

@ronaldalford4161 Ай бұрын

This is the best news I've heard lately! No American in their right mind would be okay with this!

@ksgraham3477 Ай бұрын

If you need electricity to have legal tender, that is just plain stupid.

@harneetsingh3726 Ай бұрын

Excellet News

@googleuser528 Ай бұрын

They track through checks and cashless money as well

@joetossoun6624 Ай бұрын

Thank you UK

@davidbranch1077 Ай бұрын

Why they're thinking of a digital dollar, what happens once all the power grids fails?

@UniDeathRaven Ай бұрын

That's what they want. Once you all get hooked on grid, it is much easier to bring real manufactured apocalypse.

@lizkeith1356 Ай бұрын

end the fed. JUST SAY NO to cbdc's.

@marthamckee9532 Ай бұрын

Smart move .

@jimwalters3636 Ай бұрын

If Waters likes the idea youKNOW ITS WRONG !

@BCSTS Ай бұрын

Get rid of Ticket Master Monopoly in Canada !

@danieljosephdelta44semperfi Ай бұрын

Don, ignore those idiots that are complaining and telling you how to do things you just do things the way you want to do them and ignore their complaints about your own personal personality you're a great guy ignore them and be who you are and be who God wants you to be

@taroman7100 Ай бұрын

WOW our Congress actually did something intelligent! AMAZING

@HerMajesty1 Ай бұрын

With one keystroke, they can take everything that you have.

@frankmoore159 Ай бұрын

thank you

@masonryjoe Ай бұрын

Great news !

@PhilipMatthewsPAEACP Ай бұрын

Will it be like how they stopped the creation of the federal reserve? LOL

@crashingtiger Ай бұрын

Excellent guest truthfully speaking clearly and to the relevant points..

@UnknownMoses Ай бұрын

Step in the right direction now we need the senate to pass the ban on CBDC.

@willdavis2018 Ай бұрын

Congresswoman Waters needs to stop 😡 no one wants a digital dollar.. let's look at your bank account and how you spend your money 💰

@thetwotravelers546 Ай бұрын

Only 3 Democrats were against a CBDC, the rest were for it so remember this when you vote.

@KeystoneJul Ай бұрын

It's like giving away the purchasing power and comercial freedom to the pseudo federal Bank and government empowering them to value or devalue the very resource people spend their life time for.

@laurasplicer712 Ай бұрын

private sector getting the information would be worse then government getting it..

@GRADE8BOLT Ай бұрын

But they will destroy old to force you with no choice

@rosanneallen-hewlett9973 Ай бұрын

Bravo our dear House! We cannot follow Red China into loss of what we all we know as the freedom that we have left, partly because of The Central Banks! What would they do then? Lock us in so we can't leave the country?? Do not mistake these moves and pay close attention to who is making the moves. We have ALL allowed too much money to be sucked up into the wrong hands. But...if we're awake, we might be able to reverse this very serious damage by pulling together. -R

@DellaHeil Ай бұрын

Yaillen and Powell should be FIRED!!

@goldguilder9554 Ай бұрын

Canada will embrace CBDC without the USA this means

@anthonypapp6349 Ай бұрын

Better hope not.

@blableebleebla Ай бұрын

No it will not embrace that

@benmears4202 Ай бұрын

Definitely NO CENTRAL BANK CURRENCY.......

@exee1 Ай бұрын

" So Joel, how are you doing today?" Really?

@susanne1756 Ай бұрын

Absolutely 💯 % digital dollars are NOT the American way...!!

@DebVelezOID Ай бұрын

Omg great news , no cbdcs

@reefread1234 Ай бұрын

A cbdc will be all larry finks in two years we cant do it because even evil cant benefit from it 😂😂😂😂

@trailguy Ай бұрын

The cbdc would be like liposuction for an all you can eat buffet addict.

@commonsense6967 Ай бұрын

About time the nation did what FL has already done!

@jackbn9353 Ай бұрын

Netherlands ALREADY has CBDC. You must explain your request for over about $100 of your OWN money. If the system disapproves, you cannot access your money.