"The money is still not being distributed. That's how much power the government has over this fund. And these are private companies. Imagine the power they will exercise over us when they control one centralized currency," Cuthbert Garcia said during a recent episode of "Naturally Inspired Daily."
Consider it a preview of what is about to come.
Cuthbert Garcia cited a piece published on the Federal Reserve website last year. "It's talking about programmable money," she said, adding that she just recently learned about the concept. (Related: Australia to overhaul payments system with digital currency issued by central bank.)
"I, of course, have heard of digital currency. And tracking through digital currency has always been an issue and a concern of mine, because anyone with that much control over your currency, any entity that has that much control over your currency, I find that problematic. Because they can, of course, shut it down at any time."
Programmable money involves a blockchain code, Cuthbert Garcia said, so it's almost like a token system.
"You won't be able to use your money just for anything. You will have to use that code, that programmable code, to buy certain things," she explained.
"So, maybe, you only have 10 digital tokens to buy beef that week. And once you use those tokens, you can't buy anymore. It's a way to ration things. And so if the holder of the centralized currency, the comptroller of the central centralized currency, doesn't want certain things to take place, then they'll simply not create those tokens to buy those things. It's kind of like a lock and key type thing."
The article on the Federal Reserve website noted that "one facet of successful public blockchain systems that may provide some clarity is how they closely link digital value and programmability in a single system that only functions properly when both are present."
It added: "Any 'programmability' offered for this money, whether internally to the entity maintaining the database or exposed to its customers via an application programming interface, involves another technology system built separately from that database and then connected in some fashion."
The vaccine passport immediately comes to mind. (Related: Bill Gates funded the creation of a "vaccine passport" tracking system long before the coronavirus pandemic.)
"This is what we're been talking about with the vaccine passport. This is what we've been talking about, for goodness sakes. I don't know how much more clear this can be. And we still have people out there willingly using vaccine passports, completely missing the point," Cuthbert Garcia said.
"Okay, this is not about proving your health medical injection status. This is about a centralized currency that will drastically change your ability to exchange goods and services and to move freely about the world. Please go learn about programmable currency."
People may also want to learn about a cryptocurrency system registered on March 26, 2020 – just 15 days after the World Health Organization officially declared a global pandemic – by Microsoft Technology Licensing LLC.
Titled "Cryptocurrency system using body activity data," it gained international status on April 22, 2020. Microsoft gave it the patent code number 060606.
Under this system, the human body activity associated with the task provided to a user can be used in the mining process of a cryptocurrency. A server provides a task to a user's device connected to it. A sensor attached to the user's device or positioned within it can detect the user's body activity.
Body activity data can be generated based on the attained body activity of the user. The cryptocurrency system connected to the user's device can verify whether the data generated by body activity meet the conditions set by the cryptocurrency system, and can issue cryptocurrency to the user whose body activity data is verified.
In other words, a chip that monitors daily physical activity will be placed in your body. And if the conditions are met, you will receive certain bonuses that can be spent on something.
A server will essentially become your master.
In a detailed description of the invention, Microsoft explains how to use the device with 28 concepts.
It also provides a list of countries for which the invention is intended. There are several regional organizations with all members part of the United Nations, which are separately mentioned. These include the European Patent Office, the Eurasian Patent Organization and two African intellectual property protection organizations.
Watch the video below to learn more about programmable money.
This video is from the Tammy Cuthbert Garcia channel on Brighteon.com.
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