Month: June 2022

Cashless Society: Digital Dollar Is Coming

Looking forward, rapid changes are taking place in the global monetary system that may affect the international role of the dollar in the future. Most major economies already have or are in the process of developing instant, 24/7 payments,” Powell said. “As the Fed’s white paper on this topic notes, a U.S. CBDC could also potentially help maintain the dollar’s international standing… The Fed recently wrapped up its four-month consultation with the public about a digital dollar. “As we consider feedback … we will be thinking not just about the current state of the world, but also how the global financial system might evolve over the next 5 to 10 years,” according to Powell. The U.S. is a step behind on CBDCs, with ten countries having already launched their own versions and another 15 in pilot stages, according to the Atlantic Council’s Central Bank Digital Currency Tracker. “105 countries, representing over 95 percent of global GDP, are exploring a CBDC,” the tracker said. “In May 2020, only 35 countries were considering a CBDC. A new high of 50 countries are in an advanced phase of exploration (development, pilot, or launch).” – SOURCE (Related Video)

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‘Asia’s first’ exorcism center being built in the Philippines by Archdiocese of Manila

The Roman Catholic Archdiocese of Manila has begun construction on an exorcism center in the Philippines, calling it the “first of its kind in Asia, if not the world.” The Saint Michael Center for Spiritual Liberation and Exorcism, which broke ground in Makati City on May 17, will house the offices of the ecclesiastical district’s Commission on Extraordinary Phenomena, the Ministry of Exorcism and the Ministry on Visions and Phenomena… Exorcism, a religious rite believed to drive out demons or other spiritual entities from possessed individuals, is mostly associated with the Catholic Church but is also practiced in other religions. According to the United States Conference of Catholic Bishops (USCCB), exorcism is necessary “when a person needs to be protected against the power of the devil or to be withdrawn from his spiritual dominion. The Catholic Church only allows certain Catholic priests to perform an exorcism with the permission of a bishop. In modern times, a medical professional must first rule out any mental health issues before an exorcism is performed on an individual.”- SOURCE.

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‘Especially Important for Churches’ to Celebrate Gay Pride according to Jesuit priest

ROME — LGBT advocate Father James Martin, SJ,  said Thursday that churches have a special duty to celebrate Gay Pride, since much anti-gay violence has been “motivated by religion.”… “The Catechism of the Catholic Church asks us to treat LGBTQ people with respect, compassion, and sensitivity,” he notes. “And participating in Pride events, or at least supporting our LGBTQ friends is one way to do this.” Celebrating Pride “doesn’t mean you have to agree with what every video, every article, or even every float in a parade has to say,” he cautions. “It’s more about supporting the fundamental human rights of this community: the right to live in safety, the right to be treated as equals, and the right to be fully welcomed in the society.” – Source.

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