Part 1a: The Most Important Bank in The World

When CBDC sneaks up on you

Nov 28, 2022

This would have been a great section for Part 2, as I touch on the Federal Reserve, in it. But as usual, the Regime (via the Fed) floated their announcement, at the start of a holiday/weekend, so I missed it. No problem though, I’ll just pull a Psaki and circle back, with Part 1a.

So what am I talking about?

As I pointed out at the end of Part 1, There have been major efforts on the global stage, to research, develop, test and implement CBDC. The BIS (Bank for International Settlements) has 11 projects either actively in progress or concluded. CBDC is a forgone conclusion, but many (especially Americans) seem to think it’s a pipe dream or fearmongering conspiracy theory, of the right. Well it’s not.

Did anyone know that the NY Federal Reserve, was doing R&D for CBDC? Remember those BISIHs (BIS Innovation Hubs) from Part 1? Well the NY Fed’s Innovation Center has completed Phase 1, of Project Cedar. So what does that mean…CBDC is coming and it’s closer than you think.

New York Fed Announces Phase I Results of the New York Innovation Center’s Project Cedar

“November 04, 2022
NEW YORK – The Federal Reserve Bank of New York today issued a report on the Phase I results of Project Cedar, the inaugural project of its New York Innovation Center (NYIC). Project Cedar is a multiphase research effort to develop a technical framework for a theoretical wholesale central bank digital currency (wCBDC) in the Federal Reserve context through exploration of fundamental design choices and modular technical features.”
“Phase I of the Project Cedar experiment examined the potential application of distributed ledger technology, specifically blockchain, to enhance the functioning of cross-border payments. The 12-week experiment included the development of a wholesale CBDC prototype and revealed that wholesale cross-border digital currency transactions supported by blockchain technology can deliver fast and safe payments.”

Note: Please click on the link for distributed ledger technology (DLT) and learn how it would differ in a Central Bank Digital Currency model, as opposed to a un-regulated model, like Bitcoin

“The experiment revealed three key findings that showed cross-border payments supported by blockchain technology can deliver faster, and safer payments:
Faster Payments: In the test environment, transactionson the blockchain enabled distributed ledger system settled under 15 seconds on average.
Atomic Settlement: The simulated ledger network enabled atomic settlement, meaning both sides of the simulated transactions were settled either simultaneously or not at all. This greatly reduces the various forementioned risks that counterparties incur in the current state environment.
Safer and Accessible Transactions: The distributed ledger system design enabled payments on a 24/7/365 basis and supported objectives related to interoperability by enabling transactions across homogeneous ledgers networks representing a variety of financial institutions, including central and private sector banks.”
Phase I of Project Cedar revealed key questions and highlighted areas for further research, specifically around ledger platform design, interoperability, and security. As part of its continued wCBDC research, the NYIC will explore questions related to interoperability and ledger design, including how to achieve concurrence and best enforce atomic transactions across different blockchain based payment systems.”

All well and good…sound like a bunch of pencil pushing, egg head, boiler plate stuff right?? The simple takeaway is, that it’s in the works America…it’s not just some hokey project in Scandinavia or China.

On 11/15/22 they announced the following…

New York Innovation Center to Explore Feasibility of Theoretical Payments System Designed to Facilitate and Settle Digital Asset Transactions

“November 15, 2022
NEW YORK – The Federal Reserve Bank of New York today announced that its New York Innovation Center (NYIC) will participate in a proof-of-concept project to explore the feasibility of an interoperable network of central bank wholesale digital money and commercial bank digital money operating on a shared multi-entity distributed ledger.
This U.S. proof-of-concept project is experimenting with the concept of a regulated liability network. It will test the technical feasibility, legal viability, and business applicability of distributed ledger technology to settle the liabilities of regulated financial institutions through the transfer of central bank liabilities.
"The NYIC looks forward to collaborating with members of the banking community to advance research on asset tokenization and the future of financial market infrastructures in the U.S. as money and banking evolve," said Per von Zelowitz, Director of the New York Innovation Center.”

Note: An observation from the upcoming Part 2, for those who think/say, “they can’t make me use it”…or…””I’m opting out”. You absolutely will have the ability to not use it or opt out, but there will be consequences…which will include not being able to bank and all that entails…bills, mortgage, insurance, etc. The portion I bolded above explains why. The banks are and will be 100% on board with CBDC. Lest you forget, the U.S. Federal reserve and it’s 12 Districts are run by bankers, business leaders and Stock Exchange officials…they are not elected by you and I, nor do they represent our interests…but they do control our monetary systems. Notice the job titles of the NY Fed Board members below, as well as who elects them.

“As part of this 12-week project, the NYIC will collaborate with a group of private sector organizations to provide a public contribution to the body of knowledge on the application of new technology to the regulated financial system.
This project will be conducted in a test environment and only use simulated data. It is not intended to advance any specific policy outcome, nor is it intended to signal that the Federal Reserve will make any imminent decisions about the appropriateness of issuing a retail or wholesale CBDC, nor how one would necessarily be designed. The findings of the pilot project will be released after it concludes.
For additional information on this project, visit the NYIC webpage. For information from the group of financial market institutions participating in this collaboration, see here.

My caution for those who have had their heads in the proverbial sand or been focused on the other 1001 things, the Globalists have unleashed on our collective societies…is look up and understand how CBDC will make the scamdemic tyranny and grabs of power, look like a day at Disney World.