Why Fed Coin Is So Dangerous
Over the past couple of years, I’ve read several articles about the government’s research into the usage of a digital currency that is commonly referred to as a Fed coin. It turns out the Fed has been studying the possibility of issuing a cashless currency, and it issued a report on the pros and cons of implementing such a system.
The Federal Reserve, on releasing its long-awaited exploration of a digital dollar, took no position on the issuance of a central bank digital currency. The Fed’s strange ambiguity regarding a Fed coin is a clear indication that they are definitely working on such a system.
Billed as “the first step in a public discussion between the Federal Reserve and stakeholders about central bank digital currencies,” the 40-page paper shies away from any conclusions about a central bank digital currency or CBDC. The report was originally expected in the summer of 2021 but had been delayed.
“The introduction of a CBDC would represent a highly significant innovation in American money,” the report says. “Accordingly, broad consultation with the general public and key stakeholders is essential. This paper is the first step in such a conversation.”
One primary difference between the Fed’s dollar and other digital transactions is that current digital money is a liability of commercial banks, whereas the CBDC would be a Fed liability. Among other things, that would mean the Fed wouldn’t pay interest on money stored with it, though because it is riskless, some depositors may prefer to keep their money with the central bank.
However, the report also states that it “is not intended to advance a specific policy outcome and takes no position on the ultimate desirability of” the digital dollar.
The motivation for a central bank digital currency has been the success of cryptocurrencies. Some unknown person started bitcoin nearly ten years ago, and it was recently around $2 trillion in value. Several nations had talked about creating their only digital currency. A couple of years ago, Venezuela said it was contemplating whether it should create its own digital currency. Because Venezuela was in dire financial straits at the time, it seemed appealing to create its own cryptocurrency. Since it would quickly become worthless by the minting of unlimited coins, the idea of Venezuela cryptocurrency quickly faded from the headlines.
A government’s appeal in creating a digital currency is the ability to control how it’s used by citizens. When the US government issued $3 trillion of stimulus money during the COVID-19 pandemic, the vast majority of the money was not spent. One report said that $2 trillion is still in people’s savings accounts.
If the Fed could issue a digital currency, and say, if you don’t spend this money by the end of the year, it will disappear, people would be in a mad rush to spend the money. The Fed could control what people spent their fed coins on. At first, they would stop people from spending their money on unhealthy things like beer and cigarettes, but then they would block anything that “the powers that be” don’t like.
A Fed coin would give the government incredible power to combat crime. The late author Hunt S. Thompson once wrote a check for $2 million to his drug dealer and wrote Cocaine in the memo. A shocked teller at the bank must have taken a picture of the check. With a Fed coin, government agents would be able to track and control the transaction of anyone who was known to be trafficking in drugs.
A Fed coin would be incredibly dangerous in the hands of a despotic government. It could monitor the accounts of all its enemies; it could track the activity of all citizens. If you bought a cup of coffee for someone on the government’s naughty list, the feds could come to you with questions.
I don’t know if Fed coin is going to be the system that the Antichrist will use to control the world. When bitcoin came out, some people speculated that it was the mark of the beast, but now there are 17,000 of these cryptocurrencies. The 666 system could come out of any financial institution. Technology has advanced to the point where a lot of people are probably wondering why we already don’t have a mark-like system.
“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: 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. 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).
Valley of Derision
The Lord tells, through the prophet Joel, the dire recompense for the rebellious evil of opposing His righteousness:
Proclaim ye this among the Gentiles; Prepare war, wake up the mighty men, let all the men of war draw near; let them come up: Beat your plowshares into swords, and your pruninghooks into spears: let the weak say, I am strong. Assemble yourselves, and come, all ye heathen, and gather yourselves together round about: thither cause thy mighty ones to come down, O LORD. Let the heathen be wakened, and come up to the valley of Jehoshaphat: for there will I sit to judge all the heathen round about. Put ye in the sickle, for the harvest is ripe: come, get you down; for the press is full, the fats overflow; for their wickedness is great. Multitudes, multitudes in the valley of decision: for the day of the LORD is near in the valley of decision. (Joel 9–14)
We are at this moment very near the beginning of that time, at the end of which everyone will be gathered into the Valley of Jehoshaphat–the killing field of Armageddon.
As Joel declares, we now see wickedness growing daily—even hourly. It is indeed an exponential growth of evil directed primarily at God’s prescribed order of things for planet earth.
Armies of the world, particularly those of nations primary to prophetic fulfillment, have already turned pruning hooks and ploughshares into swords and spears that are the incredibly powerful instruments of modern warfare. They have awakened the men of war and gathered them, as witnessed by Russia’s threatened invasion of Ukraine and China’s voracious glances at Taiwan. The world is, to any observer with a rational eye for developments, preparing to make war.
It is just a matter of time until the multitudes will gather to oppose God and storm toward His touchstone to humanity, Jerusalem and the Temple Mount. They will at first rage against one another, each wanting to make that satanic prize–Jerusalem and the Mount Moriah—their conquest. They will be filled with the madness that their father, the devil, has planted in their reprobate minds. They will then see the black skies above earth split apart and the glory of Heaven beaming through as the Lord of Lord and King of kings and His army of redeemed saints begin their descent.
Today we are in a valley of decision, of sorts. The decision is whether to be on the side of the heathens destined to oppose God and His righteousness, thus be in colleague with those who will face Christ the King in the Valley of Jehoshaphat or whether to be on God’s side by accepting His only way to redemption, thus to be on the side that opposes the wickedness we see proliferating in every direction we look.
Another valley I think we can see very plainly at this time is a valley of derision.
It is a place of profound struggle against the powers and principalities in high places of Ephesians 6: 12. Christians who determine to fight the evil that opposes God’s righteousness comprise the nucleus of this force. While many others who do not know Christ as their Lord also fight in this arena against wickedness, God’s people are the glue that holds fast the frontline resistance to the assaults by Lucifer’s minions, both demonic and human.
Paul the apostle says that it is the Restrainer who will hold back the assaults of evil and wickedness until He is taken out of the way. The Holy Spirit is that Restrainer, and He works primarily by indwelling all who know Christ for salvation. So it is the believers of this age who must continue the struggle, empowered by God the Holy Spirit.
And there is plenty of evidence to validate that God is restraining in these times so near His calling the Church out of this doomed world of rebelliousness.
We have witnessed time after time, for example, blockage of legislative efforts that would take America into dictatorship. The evil continues to advance, but is not allowed to completely infect the world with the sin-disease that will cause God’s judgment and wrath to finally fall upon the incorrigible rebels who oppose His righteousness.
The time will come when “earth dwellers” will have their way, mostly unimpeded by God’s governance. But this condition will not last long. Devastating things will begin to happen as God prepares for His Son, Jesus Christ, to return and put an end to all evil, wickedness, and rebellion.
The Lord has these anti-God, anti-Christ forces in derision at this very moment. His Holy Spirit is holding back Satan’s all-out assault until the Church is taken to be with Jesus in the Rapture.
Again, here is what the Lord says about what is going on now and into eternity.
Why do the heathen rage, and the people imagine a vain thing? The kings of the earth set themselves, and the rulers take counsel together, against the LORD, and against his anointed, saying, Let us break their bands asunder, and cast away their cords from us. He that sitteth in the heavens shall laugh: the Lord shall have them in derision. Then shall he speak unto them in his wrath, and vex them in his sore displeasure. Yet have I set my king upon my holy hill of Zion. I will declare the decree: the LORD hath said unto me, Thou art my Son; this day have I begotten thee. Ask of me, and I shall give thee the heathen for thine inheritance, and the uttermost parts of the earth for thy possession. Thou shalt break them with a rod of iron; thou shalt dash them in pieces like a potter’s vessel. Be wise now therefore, O ye kings: be instructed, ye judges of the earth. Serve the LORD with fear, and rejoice with trembling. Kiss the Son, lest he be angry, and ye perish from the way, when his wrath is kindled but a little. Blessed are all they that put their trust in him. (Psalms 2:1–12)