Fund Freezing Feature In Central Bank Digital Currency (CBDC)

The reported on July 17, 2023 that “A blockchain developer has found a code in Brazilian central bank-backed digital currency (CBDC) that would allow the government to freeze accounts or even drain them at will.” It further stated that “the central bank’s official response is that they can do this at any time … Magalhaes said that Brazilian people have a valid reason to be scared given the country’s history. President Fernando Collor de Mello in 1990 froze the finances of all Brazilians for over a year just two weeks after he was elected. Several other privacy advocates have warned against CBDCs as they would grant government an unprecedented control on people’s finances. Many are afraid that there’s a high possibility that governments will use CBDCs as a mass surveillance tool to control people.”

Meanwhile in US, Governor DeSantis says that centralized digital currencies open door to ‘social credit system” and posed a “massive threat” to liberty according to WND news on July 15, 2023.

Federal Reserve Chair Jerome Powell

And just an important reminder that in this month of July 2023 is the launching of the long-awaited Fed digital payment system. This was announced by the Federal Reserved back in March “which will enable all U.S. banks to offer instant payments 24/7, and will constitute the infrastructure of a central bank digital currency (CBDC) by linking each banking node directly to the Federal Reserve, according to financial experts.” However, Financial advisor Brown said, “But make no mistake, a central bank digital currency is coming and it looks like this new FedNow service just the launch of the infrastructure for launching the full version of the CBDC later on.” Critics have increasingly warned in recent years that CBDCs enable full-blown tyranny by allowing the government to restrict or even freeze a citizen’s purchasing power, thereby coercing its constituents into submitting to its decrees.”

As obedient student of Bible prophecy, we can now easily see how the ‘powers that be’ can control your ability to “buy or sell” in Revelation 13:17 by removing cash and pushing all transactions digital so that in just a few clicks of a mouse or keyboard the government can easily freeze any bank account online when you go against its “decrees” or mandate in support to Vatican’s long awaited enforcement of her mark.

But the remnant of her seed will have “no spirit of fear” 2 Timothy 1:7 for the Lord has promised help to His children in times like these that their “bread and waters shall be sure” Isaiah 33:16

Are you ready? Are you sure!?

Related news: U.S. Dollar Goes Digital – the MARK not far behind

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