Heaven Is Our Destination Where We Will Be ONE With The Lord Forever

Today, we are in The Season Of The Last Generation. The Birth Pains that Christ Jesus spoke about are currently under way, including natural and unnatural disasters. They will be ever increasing. Because of the increase of wickedness, the love of most will grow cold. Social, economic and political turmoil will be ever increasing, causing people's hearts to be weighed down with dissipation, drunkenness and the anxieties of life. An apostasy within the Church of God is currently under way. This will all reach a climax with Satan revealing his Antichrist and requiring that everyone worship him; That every one receive his "mark" in order to buy or sell; The new currency of the New World Order, the New Tower of Babel.

Today, it is critical that those who have a heart for God are aware of what God is doing and speaking today. God is opening up His Word like never before in preparation for The Time Of The END. I exhort you to open up your heart and your eyes to see what He is doing and your ears to hear what God is speaking at this time. My prayer is that we will be able to stand before the Son of Man at His appearing, without fault and with great joy. I encourage you to read David Wilkerson's book, America's Last Call at davidwilkersontoday.blogspot.com. Also, Google, Tommy Hicks Prophecy, 1961 for a view of the End Times.

Tom's books include: Called By Christ To Be ONE, The Time Of The END, The Season Of The Last Generation, Worship God In Spirit And In Truth, Daniel And The Time Of The END, and Overcoming The Evil One. They are available at amazon.com. They can also be read without cost by clicking on link: Toms Books.

To receive Christ Jesus as a child by faith is the highest human achievement.

Today, the Bride Of Christ is rising up in every nation in the world! Giving Glory to Her Savior and King, Christ Jesus!
Today, the world is Raging against God, Rushing toward Oblivion! Save yourself from this Corrupt Generation!
Today, America is being ground to powder because of it's SIN against God!

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Friday, August 18, 2023

And Just Like That, The Brazilian Central Bank Goes Live With Digital Currency

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It's official: the Brazilian Central Bank has announced the introduction of its CBDC (Central Bank Digital Currency). It's called DREX, the acronym for Digital Real Electronic X (real is Brazil's currency), and the finished logo reveals the project is, in fact, quite advanced. Here's the meat of the Central Bank's press release:


DREX is coming to facilitate the life of Brazilians. With a new face, our Central Bank Digital Currency project - created and operated by the Brazilian Central Bank - has its own name. Previously called Real Digital, it will provide a safe and regulated environment for new businesses and more democratic access to the benefits of digitalizing the economy for citizens and entrepreneurs.

The brand, developed by the Central Bank, the combination of letters creates a word with strong and modern sonority; D and R allude to Real Digital; E comes from electronic, and the X gives the idea of modernity and connection, or the use of Distributed Ledger Technology (DLT) adopted by DREX, giving continuity to the family of Central bank solutions created by the Pix.

The coordinator of the initiative at the central bank, Fabio Araujo, had more to add. During a live event for the press, he emphasized that "the development of DREX is primarily aimed at improving access to financial services..." He added that "By enabling simple and reliable access to registered values through DLT technology, we reduce costs and democratize access to financial services." 

CBDCs are not crypto, just digital fiat money.

Even though it's based on blockchain technology, DREX is actually a tokenized real regulated by the central bank. That's what each and every CBDC being developed at the moment is about (and believe me, every country's CB is currently working on that).

According to the monetary institution, the DREX will be pegged to the real at 1:1 rate, and freely exchangeable. In other words, anyone can instantly exchange between DREX and physical notes without bureaucracy at any moment. However, transactions between reals and DREX will have a cost, though the central bank hasn't been clear on what that will be.

I'm not an expert, but how exactly that will work isn't clear to me at the moment. I mean, it will be a one-to-one value, but the transaction has a fee, however nominal. Imagine the cumulative effect of millions of transactions or large-sum contracts. I guess we'll have to wait for more details on that.

Cash has been under attack for a while, and that war only getting worse.

In fact, people are willingly giving up physical currency already for various reasons that don't really matter now. Notwithstanding, one of the stated intentions is to replace cash with DREX in the future, so they're not even hiding it anymore.

These communiqués read like a dream, invariably sold as a civilizational milestone, a wonderful technological achievement, a solution to a non-problem. What these bureaucrats fail to mention is that CBDCs are also a form of centralization, surveillance, and control that can be more easily manipulated and weaponized to enforce conformity and stifle dissent. And we can already see that happening.

The Central Bank also declared DREX is being tested by selected institutions and is set to be launched for the general public by the end of 2024. The development of the Brazilian CBDC wasn't exactly a secret but took place somewhat surreptitiously. I see the same pattern everywhere: one declaration being slipped here and there to prepare the public's opinion and test the waters. Then one day, CBDCs are here.

As mentioned in the press release, Brazil already has a direct electronic instant-payment system.

It's called Pix and was created and operated by the Brazilian Central Bank in 2021. The Pix system cuts out the middle man (i.e., the retail banks and other institutions), enabling free, instant, 24-7 direct payments and transactions between people and also businesses. (This is similar infrastructure to the FedNow system that is already here.)

Thanks to its convenience, Pix was quickly and widely embraced by commerce, companies, and the public. On the other hand, all transaction data gets centralized on an official institution, in practice putting users one step closer to total control. Now DREX is coming to close that gap.

The ease and speed of Pix also drew the attention of criminals, and all sorts of imaginable hits and scams related to the system soared almost immediately. People now keep a second smartphone with their primary banking apps at home, in fear of being robbed or hijacked and having their accounts wiped clean in minutes. Sometimes we forget technology is great but can also be used for (and by) the bad.

Centralized digital currency, payment systems, AI, and sovereignty.

A lot has been said and discussed about the possible consequences and potential risks of giving up personal information in exchange for convenience, a little change, or even nothing in some cases. For a clear example, see what's happening with Worldcoin, OpenAI/ChatGPT CEO Sam Altman's crypto project that easily convinced thousands to scan their iris in exchange for a few tokens. Now imagine what a powerful central bank can do with the support of an evil government...

I won't rehash everything here, but it's worth noticing recent developments showing how centralized digital transaction systems and currencies can be weaponized and used against the opposition or, in fact, any citizen:

Former right-wing president Bolsonaro launched a crowdfunding campaign to help pay the fines imposed by the Electoral Court for his declarations against the voting system. Donations amounted to R$ 17 million, or about 3.4 million in USD. The financial activity council (COAF) issued a report listing many of the donors responsible for some of the 770.000 Pix deposits.

A similar method has been used to track down, identify and persecute participants and supporters of the Brazilian January 8th insurrection by the DoJ and the Supreme and Electoral courts:

"We have a secure and consistent line of investigation focused on tracking financial movements undertaken via Pix," said a senior federal police officer involved in the sprawling, nationwide investigation, speaking anonymously to discuss an ongoing probe. "The financiers' time is up." 

In another worrying episode, a political commentator and influencer had his bank accounts frozen and all funds seized by the Supreme Court for questioning the electoral system. According to the Supreme Court justice heading the Electoral Court, on the grounds of "hatred speech, subversion of order and incentive to the breakdown of institutional normalcy and democracy."

Do you really think your expenditures will be private? Particularly if they go against the people in power?

Money is being weaponized.

These are but a few events involving the use of personal financial information and property to persecute individuals and entities seen as threatening to "the system." Individuals are being persecuted, de-banked, and de-platformed by transacting and donating to others deemed subversive or a threat to those in power. We can't predict the future, but there's no question it's a disturbing trend, to say the least.

This stuff used to be exclusive to banana republics, but it's happening everywhere. Look at the truckers in Canada - and no one even talks about that anymore. The American judiciary system is perhaps one of the few still showing some semblance of independence between the powers. However, there are signs indicating it's being used to defend the Deep State and other interests against the opposition.

The seizure of assets and deposits is one of the most effective weapons in this type of warfare. In Brazil (and other places), not even elected representatives are protected from persecution and censorship. It's already challenging for the ordinary citizen to defend from the powers of the government or the judiciary. Once CBDCs become widely adopted, it will be impossible. And make no mistake, they will, and there's nothing anyone can do to prevent it.

I don't know if opting out will be a possibility or how it will work out. The only sensible strategies I see at the moment are:

1) Having something outside the system (bitcoin, precious metals, cash). 

2) Diversifying assets and locations (a second passport, some money in a different country, etc.).

Clearly, the water is boiling slowly and most are not aware of the full ramifications of where we are going. At some point, one of those preparations may be useful to jump from the pot.

Originally published at The Organic Prepper - reposted with permission.

https://www.prophecynewswatch.com/article.cfm?recent_news_id=6301

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