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Global Banking Conglomerates To Join With Federal Reserve Bank of New York To Conduct A 12-Week Digital Dollar Pilot Program

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The Federal Reserve Bank of New York’s Innovation Center, or NYIC, announced that it would be launching a 12-week proof-of-concept pilot for a central bank digital currency, or CBDC.

Back in March, we told you how pretend president Joe Biden signed an Executive Order to set the table to create a United States Central Bank Digital Currency. Today comes the announcement that the New World Order is sending representatives from assorted global banking conglomerates to begin as 12-week pilot program at the Federal Reserve of New York. What does all this mean? It means we just got another giant step closer to the biblical Mark of the Beast which will control all financial transactions.

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.” Revelation 13:17 (KJB)

Is it just me, or is it another one of those ‘strange coincidences’ that at the very time one of the world’s largest crypto exchanges, FTX, has been mysteriously put out of business the announcement is made of the establishment of a pilot program to create a US digital currency? Sure is funny how that stuff works, isn’t it? They are calling it the CBDC, I am calling it MOTB, which is ultimately what it will end up being. And you can bet your digital ‘bottom dollar’ that’ll happen exactly as Revelation says it will.

New York Federal Reserve launches 12-week CBDC pilot program with major banks

FROM COINTELEGRAPH: In a Nov. 15 announcement, the New York Fed said the program would 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” on a regulated liability network. Banking giants including BNY Mellon, Citi, HSBC, Mastercard, PNC Bank, TD Bank, Truist, U.S. Bank and Wells Fargo will be participating in the pilot by issuing tokens and settling transactions through simulated central bank reserves.

“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 NYIC Director Per von Zelowitz.

The proof-of-concept project will test the “technical feasibility, legal viability, and business applicability” of distributed ledger technology, as well as simulate tokens and explore regulatory frameworks. The NY Fed said the project could “potentially be extended to multi-currency operations and regulated stablecoins.”

The launch of the NYIC pilot project followed the center releasing research on its wholesale central bank digital currency program on Nov. 4. The first phase of the CBDC trial, dubbed Project Cedar, tested foreign exchange spot trades to determine whether a blockchain solution could improve “speed, cost, and access to cross-border wholesale payments.”

Federal regulators in the United States have not reached any consensus on whether to launch a digital dollar in the country, but agencies and those in the private sector have been exploring the possibility. Following U.S. President Joe Biden issuing an executive order aimed at establishing a framework on digital assets, some lawmakers questioned what Congress’ role might be in passing legislation in support of a CBDC and how a digital dollar might curtail similar innovations from the private sector. READ MORE

Central Bank Digital Currency Is Coming!

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

Cryptocurrency

The Biggest Story In America Right Now Should Be The Incestuous Connection Between The Democrat Party, Aid To Ukraine And FTX Crypto Donations To The DNC

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What is the connection between sending billions in aid to Ukraine, FTX Crypto, and the stunning upset the Democrats enjoyed in last week’s Midterm Elections?

The main stream media is doing their best to not talk about the stunning apparent connection between the Democrats sending billions in ‘aid’ to Ukraine, Ukraine sending boatloads of cash to FTX Crypto, and FTX sending to much money to the Democrat Party that they are second only to George Soros as the largest donor. If this was happening to the Republican Party, it would already be a 5-part miniseries on Netflix. But because it impacts the ‘big guy’ Joe Biden and the Democrats, it’s being swept under the proverbial rug. And what an “amazing coincidence!!!” that after the Democrats score a totally unexpected win in the Midterms, FTX gets thrown under the bus and goes bankrupt. But I’m sure that’s not an alleged indicator of alleged backroom dirty dealings and then allegedly trying to destroy the alleged evidence or anything.

For the love of money is the root of all evil: which while some coveted after, they have erred from the faith, and pierced themselves through with many sorrows.” 1 Timothy 6:10 (KJB)

If the Republicans were smart, they’re not, but if they were they would immediately quit whining about ‘stolen elections’, and immediately start laying plans to investigate the Hunter Biden laptop, the connection between FTX and Ukraine, the connection between FTX and the Democrats, Biden’s policies on crypto, and the list goes on. If the Republicans don’t get back to the ‘people’s business’, it will be a long time before they win another election. Any other election. America needs to be governed the way DeSantis governs Florida, we don’t need any more MAGA QAnon nonsense. But what America really needs is Jesus Christ.

Cryptocurrency billionaire broke the bank for Dems

FROM THE NY POST: Amid all the jubilation and gloating by Joe Biden, Chuck Schumer and pals over the Democrats’ better-than-expected showing in the midterms comes a disturbing story that may explain something about how they won such a curious election. Biden’s second-biggest donor, cryptocurrency billionaire wunderkind Sam Bankman-Fried, a k a SBF, saw his business file for bankruptcy days after the election, but not before pumping $40 million into the Democratic Party to spend on “get-out-the-vote” and other shadowy ballot-harvesting mechanics for the midterms.

The shambolic 30-year-old whiz kid, once said to have been worth $16 billion, had spent $10 million helping get Biden elected in 2020.

SBF’s mother, Stanford law professor Barbara Fried, also is co-founder of left-wing political action committee Mind The Gap, which has raised a reported $140 million to help Democrats win elections through the same “get-out-the-vote” grift.

More Democrats Alleged Dirty Dealings

A more unlikely billionaire you could not find — and of course his money was built on thin air. A math genius with poor social skills, SBF reportedly lived in a “polycule” — a polyamorous relationship with multiple people — in a luxury penthouse with about 10 co-workers in the tax haven of the Bahamas, where his collapsed crypto exchange FTX was headquartered. Otherwise, he was sleeping on beanbags in his office, eating vegan fries and, according to his own Twitter feed, popping amphetamines and sleeping pills to regulate his chaotic sleeping habits.

Now Reuters is reporting that between $1 billion and $2 billion of customer funds have vanished from FTX, conveniently after the Democrats safely spent his money.

At last report, SBF and his mysterious co-founder, Gary Wang, were being held “under supervision” by Bahamian authorities after reportedly planning to flee to Dubai, according to fintech publication Cointelegraph. SBF certainly “impacted” the midterms, funneling his millions into the Democratic National Committee and Democrat-friendly PACs such as Protect Our Future and Guarding Against Pandemics.

He donated to committees aligned with Nancy Pelosi and Chuck Schumer to help Democrats win races. He lavished his largesse on “pro-crypto Democrats” like New York Sen. Kirsten Gillibrand, who was sponsoring a bill to lock the Securities and Exchange Commission out of regulating the crypto market.

He also visited the White House, meeting with top Biden adviser Steve Ricchetti on April 22 and May 12, according to the Washington Free Beacon. No wonder the Biden administration has been weak on regulating the crypto market. It was the goose that laid the golden egg. READ MORE

Are The Democrats Laundering Ukraine Aid Money?

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. We have a Gospel Billboard program. We are now broadcasting Bible studies, Podcasts and a Sunday Service 5 times a week, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. The Lord has given us an open door with a tremendous ‘course’ for us to fulfill that will create an excellent experience at the Judgement Seat of Christ. Please pray for our efforts, and if the Lord leads you to donate, be as generous as possible. The war is REAL, the battle HOT and the time is SHORTTO THE FIGHT!!!

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJB)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Cryptocurrency

SOULBOUND? The Longer That It Matures And Grows, The More That Cryptocurrency Seems To Have In Common With The Coming Mark Of The Beast

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Soulbound tokens, cryptocurrency and a social credit system sure sounds to me like the whole world is gearing up to receive the Mark of the Beast

Last time I checked, a ‘crypt’ was where they put the dead bodies, so a ‘cryptocurrency’ would be money that is connected with dead things. Cryptocurrency has become huge over the pandemic, amazing coincidence I know, and now the founder of one of the world’s largest tech platforms for crypto is now rolling out something called a ‘soulbound token’ that will attached with the death money. Are you still waiting for the end times to start? Better hurry, you are 801 days behind the curve at the moment.

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.” Revelation 13:17 (KJB)

I did not use Habakkuk 1:5 for my theme verse in this article, but I sure could have when you consider how this is all playing out right in front of your face, and amazingly, almost no one seems to notice. Prolly because they are just a tad distracted with the Johnny Depp and Amber Heard trial, or the recent school shooting, or the latest artificial race riot, or mix and match a list yourself from a seemingly endless lineup of distractions up to and including COVID, smallpox and monkeypox. In the meantime, you can jump in the Metaverse and put your death money into your Soul so you can store your soulbound tokens as you await Antichrist who will give you the Mark of the Beast so you can keep buying and selling.

Your whole identity could soon live in ‘Soulbound tokens’ on web3, Ethereum’s co-founder says

FROM FORTUNE: Early this month, Vitalik Buterin co-authored a paper outlining his vision for a “decentralized society” (DeSoc) where individuals accrue a permanent record of merits and attributes that are stored in private blockchain wallets as non-tradable crypto assets.

The writers dub those achievement badges ‘soulbound tokens’ also known as SBTs

“Imagine a world where most participants have Souls [digital wallets] that store SBTs corresponding to a series of affiliations, memberships, and credentials,” the authors write, suggesting that their idea for SBTs could resemble something of a Web3-based CV.

“For example, a person might have a Soul that stores SBTs representing educational credentials, employment history, or hashes of their writings or works of art,” the paper says.

Unlike a non-fungible token (NFT), which is a collectible digital asset that can be traded or sold, SBTs are designed to be untradable—a little more like a Boy Scout badge than a baseball card. According to the paper, an individual would gain SBTs from other Souls within the decentralized society. A university, for example, might issue SBTs to its alumni to verify that they have graduated from that school.

To be clear, that also means SBTs aren’t really going to replace NFTs. The two digital assets, theoretically, serve different functions. While an NFT is designed to be tradable and act as a financial asset, an SBT, Buterin suggests, is supposed to serve as a proof of character, rather than a proof of wealth.

But as the authors attest, there are major dangers to the proposal.

For starters, the whole thing sounds similar to China’s idea of building a social credit system that would supposedly punish citizens for demonstrating bad ideological behavior. Since SBTs are issued to individuals without their consent, the system could be used to brand “scarlet letters” on people, making the technology an ideal tool for authoritarian states.

A society built on SBTs could even reinforce discrimination indirectly. A database of SBTs could provide a marker to “automate red-lining of disfavored social groups or even target them for cyber or physical attack, enforce restrictive migration policies, or make predatory loans,” the authors write. For that reason, Buterin and his coauthors consider individuals might need the option to “burn” or hide their SBTs from the public, choosing to reveal them only when necessary. READ MORE

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

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Cryptocurrency

CRYPTO FEVER: Biden Signs Executive Order Authorizing The Creation Of A Digital Dollar As World Continues Moving Closer To A Cashless Society

Why is cryptocurrency exploding right now? Because we live in the end times, and the world is preparing itself to receive Antichrist, that’s the short answer. The longer answer is because Bible prophecy is true, and everything written therein must come to pass.

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President Biden signed an executive order on Wednesday to explore establishing a U.S. Central Bank Digital Currency (CBDC) — also known as a ‘U.S. digital dollar’ — akin to a cryptocurrency, in move to a cashless society.

In the book of Revelation, we see that during the time of Jacob’s trouble that will take place after the Pretribulation Rapture of the Church happens, that there will be a single currency called the Mark of the Beast. It will control all buying and selling, and it will be implanted in either the back of your right hand, in your forehead, or possibly both places. It will be a computer microchip of some sort, obviously digital, and without the Mark you cannot buy or sell anything.

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.” Revelation 13:16,17 (KJB)

Why is cryptocurrency exploding right now? Because we live in the end times, and the world is preparing itself to receive Antichrist, that’s the short answer. The longer answer is because Bible prophecy is true, and everything written therein must come to pass. For decades, end times Bible teachers, authors and Christian film makers have been telling us that a cashless society is coming, because cash will not be accepted in the time of Jacob’s trouble. With each passing decade we have moved closer and closer to that eventuality, and indeed are watching it come together right now. It will not reach it’s full height until after the Rapture, but since all dispensations overlap, this explains the unstoppable progression to a digital currency.

President Biden Signs Executive Order on Ensuring Responsible Development of Digital Dollar and Crypto Currency In Coming Cashless Society

FROM THE WHITE HOUSE: Digital assets, including cryptocurrencies, have seen explosive growth in recent years, surpassing a $3 trillion market cap last November and up from $14 billion just five years prior. Surveys suggest that around 16 percent of adult Americans – approximately 40 million people – have invested in, traded, or used cryptocurrencies. Over 100 countries are exploring or piloting Central Bank Digital Currencies (CBDCs), a digital form of a country’s sovereign currency.

The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier, but also has substantial implications for consumer protection, financial stability, national security, and climate risk. The United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate. And, it must play a leading role in international engagement and global governance of digital assets consistent with democratic values and U.S. global competitiveness.

That is why today, President Biden will sign an Executive Order outlining the first ever, whole-of-government approach to addressing the risks and harnessing the potential benefits of digital assets and their underlying technology. The Order lays out a national policy for digital assets across six key priorities: consumer and investor protection; financial stability; illicit finance; U.S. leadership in the global financial system and economic competitiveness; financial inclusion; and responsible innovation.

Specifically, the Executive Order calls for measures to:

  • Protect U.S. Consumers, Investors, and Businesses by directing the Department of the Treasury and other agency partners to assess and develop policy recommendations to address the implications of the growing digital asset sector and changes in financial markets for consumers, investors, businesses, and equitable economic growth. The Order also encourages regulators to ensure sufficient oversight and safeguard against any systemic financial risks posed by digital assets.
  • Protect U.S. and Global Financial Stability and Mitigate Systemic Risk by encouraging the Financial Stability Oversight Council to identify and mitigate economy-wide (i.e., systemic) financial risks posed by digital assets and to develop appropriate policy recommendations to address any regulatory gaps.
  • Mitigate the Illicit Finance and National Security Risks Posed by the Illicit Use of Digital Assets by directing an unprecedented focus of coordinated action across all relevant U.S. Government agencies to mitigate these risks. It also directs agencies to work with our allies and partners to ensure international frameworks, capabilities, and partnerships are aligned and responsive to risks.
  • Promote U.S. Leadership in Technology and Economic Competitiveness to Reinforce U.S. Leadership in the Global Financial System by directing the Department of Commerce to work across the U.S. Government in establishing a framework to drive U.S. competitiveness and leadership in, and leveraging of digital asset technologies. This framework will serve as a foundation for agencies and integrate this as a priority into their policy, research and development, and operational approaches to digital assets.
  • Promote Equitable Access to Safe and Affordable Financial Services by affirming the critical need for safe, affordable, and accessible financial services as a U.S. national interest that must inform our approach to digital asset innovation, including disparate impact risk. Such safe access is especially important for communities that have long had insufficient access to financial services.  The Secretary of the Treasury, working with all relevant agencies, will produce a report on the future of money and payment systems, to include implications for economic growth, financial growth and inclusion, national security, and the extent to which technological innovation may influence that future.
  • Support Technological Advances and Ensure Responsible Development and Use of Digital Assets by directing the U.S. Government to take concrete steps to study and support technological advances in the responsible development, design, and implementation of digital asset systems while prioritizing privacy, security, combating illicit exploitation, and reducing negative climate impacts.
  • Explore a U.S. Central Bank Digital Currency (CBDC) by placing urgency on research and development of a potential United States CBDC, should issuance be deemed in the national interest. The Order directs the U.S. Government to assess the technological infrastructure and capacity needs for a potential U.S. CBDC in a manner that protects Americans’ interests. The Order also encourages the Federal Reserve to continue its research, development, and assessment efforts for a U.S. CBDC, including development of a plan for broader U.S. Government action in support of their work. This effort prioritizes U.S. participation in multi-country experimentation, and ensures U.S. leadership internationally to promote CBDC development that is consistent with U.S. priorities and democratic values.

The Administration will continue work across agencies and with Congress to establish policies that guard against risks and guide responsible innovation, with our allies and partners to develop aligned international capabilities that respond to national security risks, and with the private sector to study and support technological advances in digital assets. READ MORE

Joe Biden Signs Executive Order Authorizing Digital Crypto Dollar

Now The End Begins is your front line defense against the rising tide of darkness in the last Days before the Rapture of the Church

When you contribute to this fundraising effort, you are helping us to do what the Lord called us to do. The money you send in goes primarily to the overall daily operations of this site. When people ask for Bibles, we send them out at no charge. When people write in and say how much they would like gospel tracts but cannot afford them, we send them a box at no cost to them for either the tracts or the shipping, no matter where they are in the world. Even all the way to South Africa. We even restarted our weekly radio Bible study on Sunday nights again, thanks to your generous donations. All this is possible because YOU pray for us, YOU support us, and YOU give so we can continue growing.

But whatever you do, don’t do nothing. Time is short and we need your help right now. If every one of the 15,860+ people on our daily mailing list gave $4.50, we would reach our goal immediately. If every one of our 150,000+ followers on Facebook gave $1.00 each, we would reach 300% of our goal. The same goes for our 15,900 followers on Twitter. But sadly, many will not give, so we need the ones who can and who will give to be generous. As generous as possible.

“Looking for that blessed hope, and the glorious appearing of the great God and our Saviour Jesus Christ;” Titus 2:13 (KJV)

“Thank you very much!” – Geoffrey, editor-in-chief, NTEB

Continue Reading

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