Central Bank Digital Currency is the End of Freedom

What comes to mind when you think of government tyranny? Arrests? Camps full of detained people? Beatings? Murders? Property confiscation? Padlocked businesses, churches, and community centers? Those are old-school methods. Too messy. Too loud. Our endlessly inventive totalitarian class has come up with a much better way to keep people in line.

Just take their money.

Trudeau’s government in Canada pioneered freezing bank accounts and crowd funding access during the truckers’ strike. It was a successful test case for crushing dissent without the messiness of mass arrests. If you can’t pay your bills or buy food, then you will find it quite difficult to protest in the streets. After a successful launch in Canada, the new method of control is spreading to the US.

Dr. Joseph Mercola is an entrepreneur and a strident critic of the US Covid response including the lockdowns, the mRNA vaccines, and the FDA. He runs a mostly online business selling specialty beverages, food, supplements and other health items. You may not like him, or his company, but most people would agree that he has a right to his opinions and to run his business as he sees fit. Unfortunately for Dr. Mercola, his bank does not see it that way. On July 13, Mercola’s business, along with the CEO, CFO and some of their family members, all received letters from Chase Bank saying “[they] have decided to close” their personal and business accounts.

You read that correctly. The personal bank accounts of the company officers, and their children in some cases, were also closed. CEO Steven Rye was told his children would not be allowed to have accounts with Chase in the future. Rye said in a press report:

“It’s just hard to believe that your family, your wife, your kids can’t have a bank account because of the opinions of your employer and they’ve never done anything wrong,” Rye said. “We all have completely clear records.”

So far, Chase has refused to provide an actual reason why this action was taken. However, given what we know of the tight connections between the banking system and the federal government, it isn’t hard to guess.

Mercola and his employees are not alone. Dr. Syed Haider is another doctor who has specialized in “unapproved” COVID treatments. He Tweeted this out on 07/25:

I just tweeted about how my business bank account and PayPal were shut down with no notice for no reason and today my Airbnb rental was canceled 3 days into a 28 day stay and now Mercola tweets that his bank accounts along with those of his CEO and CFO and their spouses and children are shut down with no reason and no due process. This is the passive-aggressive, dystopian, woke, social-credit hellscape that is our dying country.

There is no way to know how many other COVID dissenters are being affected right now. This is not the first time the US government has used private businesses, like Chase and PayPal, to harass and silence those with heretical opinions. We all remember the collusion between Big Tech and Big Government during the recent “Pandemic”.  Even before that, an Obama-era Justice Department operation called ‘Operation Choke Point’ targeted gun retailers and payday lenders by making it costly for banks to provide services to them. The government weaponized bank obligations under the Bank Secrecy Act and anti-money laundering (BSA/AML) regulations. Banks were severely threatened with penalties for non-compliance. Not surprisingly, people and companies lost access to banking.

This, however, is an even more nightmarish situation than any we have ever experienced before. Individual businesses with their employees and families have been targeted, with absolutely no reason given as to why. Is law enforcement involved? Is the FDA? How did this happen? No one knows.

The entire US banking system is in a world of hurt right now, and Chase is no exception. Chase customers have withdrawn $200 billion worth of deposits in the last year as the bank faces a long list of fineslosses and scandals. Fortunately for Chase, the Federal Reserve appears to have a policy of propping up the Big Banks. Q1 of 2023, the Fed created the Bank Term Funding Program (BTFP) to make available loans of up to one year to banks, savings associations, credit unions, and other eligible depository institutions to keep them solvent. These loans seem to have a minimum requirement of $200B+ in assets under management. That means regional banks and credit unions need not apply. Based on this program and the latest deals involving insolvent institutions (First Republic, Silicon Valley Bank, etc.), it is clear that the Fed is pushing consolidation in the banking industry.

Regardless of what happens, Chase and the other Big Banks have been backstopped by the Fed. As a matter of government policy, they will survive and keep gobbling up smaller financial institutions as those continue to fail. No thinking person can mistake this situation as a “free market”. Big Banks like Chase are now operating as arms of the US Government, and are happy to do so. At the same time, the number of competing financial institutions is being intentionally reduced. That leaves those cut off by the Big Banks with fewer and fewer options.

Do you see a problem, yet? Well, it gets worse.

In March 2022, President Biden signed an Executive Order directing government agencies to urgently research and develop a potential US central bank digital currency (CBDC) “in a manner that protects Americans’ interests.” CBDC’s are a worldwide trend.  China’s digital yuan pilot program is used to pay salaries. The Bahamas’ sand dollar is legal tender in the Caribbean nation. Australia, Thailand, Brazil, India, South Korea and Russia are running or preparing to launch CBDC projects. The powers-that-be in American banking, finance, and government desperately want a US digital currency.

What is a Central Bank Digital Currency? Think of it as a dollar that only exists virtually. There is no physical cash. All transactions are electronic. This article provides more information about CBDCs. The proponents of CBDCs say they would lower costs, offer greater transparency and improve efficiency for national payment systems. Central Banks also love the idea because they could more easily execute monetary policies to “fight” inflation or “stimulate” the economy.

There will be other proponents who will appeal to social conservatives by pushing the law enforcement angle. Want to stop drug deals and child trafficking? Then make it impossible for those “businesses” to operate. It was the desire to control the drug trade, after all, that led to so many of our current banking regulations. Good people will be all too easily taken in by their desire to see justice done.

What are the downsides of a CBDC? Below is a partial list:

  • Loss of settlement finality as a buyer can’t just hand you cash and walk away.
  • Loss of financial privacy as surveillance will be total.
  • Easy seizure of assets.
  • Loss of autonomy at the local banking level, as the Fed will be involved in everything.
  • Outright prohibition on spending or purchase limits with certain merchants or on certain products.
  • Social engineering by central banks and governments including negative interest rates, the expiry of one’s money, and the discouraging of the consumption of products like gasoline, travel, red meat, etc. in order to enforce a climate agenda, equity agenda, antiracism agenda, safety agenda, or any other kind of agenda. The Karens will own your money.
  • Harassment of businesses operating legally under state law, but which are illegal or highly regulated under Federal Law.

Those are serious downsides. CBDCs are not popular where they have been tried, nor are they popular with the American people as a concept. Surveys routinely find that only around 16% of Americans are comfortable giving the government that much control over their financial lives. That is why there is talk of tying CBDC adoption to a Universal Basic Income scheme. Nothing incentivizes people like “free” money. Further enhancements of the digital system could include “tokenizing” all property, and even implanting a microchip under your skin to access your digital wallet. The Transhumanist push (see here, here, here) and vaccine passport efforts have already prepared many people to accept such an invasion of bodily autonomy. (For more on the growing surveillance state in general, please see Our Resignation to Mass Surveillance.)

The team from the Redacted channel does a good job in the video below of covering these topics:

While the Fed could bypass the banking system and issue CBDC directly, it is unlikely to do so. The Fed likes the system of Big Banks we have, and even seems to be consolidating it further. A top tier of banks, totally committed to doing the Fed’s bidding, provides the government with a level of plausible deniability. “We didn’t cut off your funds,” says a bureaucrat to a citizen punished for exercising free speech, “Your bank did. Oh, and no other bank will accept you. So, good luck.”

The threat to individual liberty should be plain enough. However, my greatest fear is actually for the Church.

Dangers to the Orthodox Church

The US Government is Woke. Federal Government policies include: LGBTQ+ “rights”, Diversity, Equity, Inclusion, transhumanism, unlimited immigration, foreign wars (possibly with China), the destruction of Russia as a great power, the preservation of wealth for the top 1%, costly Green initiatives, fighting “white supremacy”, fighting “Christian nationalism”, fighting “antisemitism”, and combatting climate change. The above list represents a wholesale transformation of American society, and much of it runs counter to the teachings of the Orthodox Church.

The Pandemic taught us three things. First, the government can close Churches if it can make a compelling enough argument. Second, many Orthodox bishops and clergy will go along the closures, rather than face possible penalties. Third, while forced closures worked for awhile, they were successfully challenged in the courts, were unpopular, and actually drove many people to join more conservative Churches that resisted locking down.

Clearly just forcibly shutting down recalcitrant Churches is not a good solution for the government. Now, of course, the government doesn’t have to. The banks can shut the Churches down instead. Your Church opposes same-sex marriage, sexually mutilating children, has hymns that are “antisemitic”, or has the word “Russian” in its name? No bank account for your Church.

No problem, you say? You can just donate cash? Sorry, welcome to the digital dollar. There is no cash. By the way, as an affiliate of a known radical, subversive, hate group – let’s just cut off your bank account as well. Just how do you keep a parish open, or a family from starving, with absolutely no access to any way to pay for anything?

The government does not even have to ask for everything all at once. After all, Satan normally works incrementally. Today you have to accept non-discrimination against LGBTQ+ persons in hiring for Church support positions (admin, daycare, teachers, professors, etc). That’s okay, right? The Church should be fair, right? You can easily talk yourself into that. Next week, you have to stop preaching against same-sex behavior. No sweat, lots of other topics to cover! Next month, you change a few hymns that are not “inclusive” enough. The month after, you have to ordain women. At some point you find yourself so far gone that there is no coming back.

Not all parishes will comply, of course. That’s fine by the government. They can pick them off slowly, one at a time, and pretend all the while that the decisions came from private companies. Maybe hit the smaller parishes first, so to cause less of a stir. As we know, the government can already stifle press coverage and censor social media. Outside of the targeted parishes, no one will even know this is happening. Churches will just mysteriously close and disappear.

What happened to the neighborhood parish that has been there for 100 years? No clue, just pass the Doritos cuz the game is on.

Now, as a Christian, at some point you look at all this and think, “Mark of the Beast”. Changes in our financial system could be leading to exactly that. After all, we are staring straight at a world in which you will require permission to buy and sell anything. Perhaps even a world in which you will need permission to possess anything. This is not a world that any of us should wish to inhabit, but it is a world that our Global Elite openly wishes to build.

“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. 18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.”

-Revelation 13:16-18

For the Lords of the Manor, serfdom is a wonderful system.

Is a global government with its own “mark” inevitable? Yes, because the prophecies in Revelations are undoubtedly true. Is the Mark of the Best going to happen now? Maybe so. We could fill whole volumes with things that “couldn’t happen” which have happened in the past few years. The End of Days would be just another in a string of already unimaginable events. While prophecy may be coming true before our eyes, it remains to be seen if our repentance and prayers might not convince Jesus to tarry awhile longer.

Beware Orthodox Bishops and Academics

Before I close this out, I have to issue a final warning. Subversive bishops and academics have an important role to play in the coming financial and political conflicts. Their primary task is to keep you asleep and unconcerned. They already favor implementing the government’s Woke agenda in the Church. They view governmental pressure as just the excuse they need to transform the Church into a “modern”, Globalist institution.

Always concerning when an Orthodox Hierarch peppers his speeches with Globalist buzzwords

They will excuse every compromise the same as they did their compliance during COVID. “We have no choice,” they will say with a concerned look, all the while smiling inside over their good fortune. For now, they will call anyone raising the alarm an unhinged “conspiracy theorist”. Their assurances will keep many naïve Orthodox Christians calm until it is far, far too late.

Of course, there is a big problem with that label “conspiracy theorist” being applied in the current situation. You don’t issue press releases about conspiracies. You don’t talk about them in panel discussions, in interviews, or in marketing brochures either. It is not a “conspiracy” if everyone knows about it. Still, expect Patriarch Bartholomew, Archbishop Elpidophoros, the Fordhamites, and other Orthodox “Progressives” to apply that slander, and many more like it, to anyone daring to question their Globalist beliefs.

Hold fast to the good shepherds. Hold fast to each other. Pray for discernment. Repent of your sins. Prepare yourself spiritually for whatever may come. The world is God’s, so is the future. So are our souls.

Nicholas – member of the Western Rite Vicariate, a part of the Antiochian Orthodox Christian Archdiocese in America

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