NewsTalkSTLNewsTalkSTL

H2-CBDC’s Central Bank Digital Currency Is A Big Loser For America-01-08-24

View descriptionShare

The Vic Porcelli Show

You know the name and you know the voice, but we bet you never knew his opinion on politics. Vic Porcelli, the longtime music DJ, is on NewsTalkSTL to 
2,726 clip(s)
Loading playlist

10:05 – 10:15 (10 mins) Tony Columbo I’VE BEEN THINKING A LOT ABOUT DIGITAL CURRENCY LATELY.  MY WIFE AND DAUGHTERS AND I WENT TO SEE CHRISTMAS LIGHTS OVER THE HOLIDAYS.  WE WERE GETTING HOT CHOCOLATE AND MY DAUGHTER, SO EFFORTLESSLY SWIPED HER PHONE ACROSS A DEVICE
SO, I LOOKED UP THIS REPORT ABOUT WHAT DIGITAL CURRENCY IS AND THE IMPACT IT MIGHT HAVE ON US HERE IN AMERICA.
FIRST OF ALL, Digital currency is a form of currency that is available only in digital or electronic form. It is also called digital money, electronic money, electronic currency, or cybercash.
Transactions involving digital currencies are made using computers or electronic wallets connected to the internet or designated networks. They can be used to purchase goods and pay for services.
Digital currencies also enable instant transactions that can be seamlessly executed across borders. For instance, it is possible for a person located in the United States to make payments in digital currency to a counterparty residing in
Central Bank Digital Currencies
Central bank digital currencies (CBDCs) are regulated digital currencies issued by the central bank of a country. A CBDC can be a supplement or a replacement to traditional physical currency. a CBDC exists purely in digital form

The advantages of digital currencies
Fast Transfer and Transaction Times
No Physical Manufacturing Required
Under OUR current currency regime, the Fed works through a series of intermediaries—banks and financial institutions—to circulate money into an economy. CBDCs can help ELIMINATE THIS PROCESS and enable a government agency to disburse payments directly to citizens.

DO YOU REMEMBER WHAT HAPPENED UP IN CANADA TO THE TRUCKERS?
Cheaper Transaction Costs
AND, ACCORDING TO THIS REPORT, Digital currencies may be decentralized. This means they are not controlled by any government or financial institution. Digital currencies that are decentralized make them more resistant to government interference, censorship, and manipulation. Decentralization means true control over the digital currency is spread over a broader range of owners or users.
Privacy
Due to the fact that transactions with digital currencies are not linked to personal data, users are given a high level of privacy and anonymity. They are therefore very helpful for those who want to protect the confidentiality of their financial dealings.
I THINK THIS THEORY IS ALREADY BEING CHALLENGED.  FORGET CHIPS IN YOUR ARM, THERE ARE THESE READERS THEY ARE TESTING THAT CAN ACTUALLY READ YOUR UNIQUE HAND PRINT AS YOU WAVE IT OVER THE DEVICE AND THEN HAVE YOUR HANDPRINT ASSIGNED TO YOUR ACCOUNT.  IN OTHER WORDS, THEY KNOW EXACTLY WHO YOU ARE WHERE YOU ARE, LIKES DIS-LIKES, AND, POLITICAL PREFERENCES.

Some major central banks around the world have begun issuing their own digital currencies. Some of the larger, more notable examples include countries LIKE

  • China: Since 2020, the People's Bank of China (PBOC) has been testing the digital yuan, also known as e-CNY, in a number of Chinese localities. Millions of Chinese citizens currently utilize the digital yuan, which is intended to be used for retail transactions.
  • Sweden: Also since 2020, Sweden's Riksbank has been testing the e-krona digital currency. The e-krona is being created to complement Sweden's diminishing use of currency and to give the general public access to a safe and effective payment system.5
  • EU: A digital euro that may be issued by the European Central Bank (ECB) and used for retail transactions within the Eurozone is being investigated.6
  • England: The Bank of England is looking into the prospect of launching the "Britcoin" cryptocurrency. The UK's payment system would be backed by a digital currency, which could also reduce the nation's dependence on cash.

Canada: The Bank of Canada has been conducting research and consultations on the idea of creating a CBDC.

Future of Digital Currencies
AND THAT BRINGS US TO THE FINAL PART OF THIS REPORT-Another possible application FOR CBDC’S, could be issued by a country's bank or monetary authority. These would be used and stored in online wallets, but allowing the central bank to issue and freeze tokens at will.


10:25 – 10:37 (17mins) Katie Fitzpatrick -
APD AND THE CO-HOST OF COLUMBO AND KATIE HEARD FROM 2-4 WEEKDAYS ON NEWSTALKSTL WELCOME KATIE!
AUDIO: Sen Fetterman-admits there’s a crisis at the US southern border-I don’t know how anyone could pretend that there isn’t
FIRST OF ALL, THAT’S JOHN FETTERMAN!
THIS IS HUGE BECAUSE BIDEN, JEAN-PIERRE, MAYORKAS, AND THE REST OF THE OBAMA/BIDEN ADMINISTRATION KEEPS SAYING THAT THE BORDER IS SECURE.  WELL, NOW THEY SAY THE BORDER IS KINDA JACKED UP AND IT’S THE REPUBLICAN’S FAULT.
AUDIO: Ben Bergquam-Real Americas Voice-spotting carloads of Illegal Aliens-crossing the border-Primarily from China
SINCE BIDEN HAS BECOME PRESIDENT, MORE THAN 110,000 ILLEGAL CHINESE NATIONALS HAVE CROSSED THE BORDER.
DECEMBER, 2023 SAW THE MOST ILLEGAL ALIEN CROSSINGS IN AMERICAN HISTORY, FROM OVER 150 COUNTRIES.
*NOW, BECAUSE OF BIDEN’S POLICIES, WE SEE MAYORS OF SANCTUARY CITIES SAYING THEY CAN’T SUSTAIN THE CURRENT INFLUX OF ILLEGAL ALIENS, AND THEY ARE BLAMING TEXAS GOVERNOR GREG ABBOTT INSTEAD OF CALLING OUT BIDEN. IS THIS THE PLAN OF ATTACK OR, ARE THEY JUST THAT STUPID?

 10:41 – 10:56 (15mins) Weekly: "Vic Porcelli's East Coast Report with Douglas Blair" @RisingTheHill@DouglasKBlair Formerly @DailySignal and @Heritage @FDRLST Proud Oregonian!

  • Facebook
  • X (Twitter)
  • WhatsApp
  • Email
  • Download

In 2 playlist(s)

NewsTalkSTL

We are NewsTalkSTL. A radio station built in St. Louis, for St. Louis. We'll give you all the detail 
Social links
Follow podcast
Recent clips
Browse 15,173 clip(s)