The Coming CBDC – Guest Blog from All Israel News

The Coming CBDC – The End of Money As We Know It – Part I
by Cookie Schwaeber-Issan – November 29, 2022 – All Israel News
[minor editing and additional links by c.a.post]

For years most of us have heard about an impending threat to do away with our monetary system as we know it.  Yet perhaps because it sounds like end-time, apocalyptic doom and gloom stuff, it is easy to ignore.

Well, continue to ignore it – but at your own peril, because it might be implemented a lot sooner than any of us think.

Up until now our monetary system has been overseen by government authorities which print paper currencies and determine its value.  This money, called fiat currency, is not backed by any commodity, such as gold.  Its advantages include giving economic players greater control over the economy, as well as being easy and cheap to produce, and convenient to use.

But in recent days the monetary system has been misused and mishandled in such a seemingly deliberate way that it’s almost as if it’s been orchestrated cleverly to facilitate the establishment of a new system.  For example, despite warnings by many experienced and savvy economists, the U.S. government chose to print too much money and gave massive handouts, factors which definitely contributed to high inflation and the current dismal economy.

 According to Business Insider, “Fiat money is currency that’s backed by the public’s faith in the government or central bank that issued [it], but it has no intrinsic value, unlike commodity currency which is linked to the price of a commodity.  Instead, fiat money derives its value from the trust people place in the government that issues it.”

Simultaneously, you might have noticed that there seems to be a push to no longer trust the present monetary system, which was one of the major reasons for the birth of cryptocurrency – a currency not based on a fiat monetary system.  Crypto is not issued, controlled or backed by any government or bank.  However, cryptocurrency has had its share of problems, the latest being the total collapse of the FTX Cryptocurrency Exchange, which has caused many investors to lose millions.

If fiat money and cryptocurrency are problematic, what’s the solution?  Introducing Central Bank Digital Currency, known as CBDC – the digital form of fiat currency. 

Rather than printing money, a central bank would issue electronic coins that are guaranteed and backed by the government.  You’d be furnished with a digital wallet or bank account and directly interact with the central bank.  Sounds great, right?  But wait, there’s more!

What exactly is that “direct interaction”?  The CBDC will be able to create a reliable profile of each individual based on their spending and saving habits.  In other words, pretty much all of your transactions will be observed, noted and assessed.  Then you will receive recommendations based upon your individual habits.  While that might sound helpful, it’s also a major invasion of one’s financial privacy.

How long does anyone think it will take before personal monetary choices are evaluated as good or bad?  And what will the consequences be if you are deemed to be making purchases seen as undesirable by your government?  In other words, central banks will be able to take money out of people’s accounts to conduct monetary policy.  The truth is, CBDCs are government’s attempt to protect its privileged position and to exert more control over people’s money.

All one needs to do is to take a look at the credit system China imposed upon its citizens – a system of rewards and punishments that accord with “moral ranking” by the Chinese Communist Party.  Individual behavior can be monitored to determine who shares the government’s values and who doesn’t.  And what determines a bad score?  Anything from purchasing too many frivolities to being accused of sharing misinformation.

What happens to those who violate the terms?  They can be banned from traveling, purchasing property or getting a loan.  In China, “Once you’re in a low category, it makes [life] difficult.  Such a system could further divide society, creating classes of people depending on their social credit.”

So much of this is reminiscent of the COVID-19 green pass, which, if you think about it, was also based on a social credit system.  If you complied with the government directive of being vaccinated, you were able to take part fully in all that society offers – going to restaurants, traveling, being permitted into events and so on.  Those who refused the vaccine were relegated to eating at home or remaining homebound entirely.  Here in Israel, the government considered requiring the unvaccinated to identify themselves by wearing a colored bracelet just to obtain mall access – a plan quickly struck down due to public outcry.

There is no doubt that the CBDC will be presented as a much more effective way to safeguard your money.  It will be touted as being in your best interest, and a way to make life less complicated.  Of course, that’s how it has to be portrayed in order to convince people to leave a system they’ve used all their lives.

City.Journal.org warns that “Few likely paid much attention when, on March 9, U.S. President Joe Biden signed an executive order directing the government to begin developing a Central Bank Digital Currency to be issued by the Federal Reserve, alongside a framework to regulate private cryptocurrencies.”  On Sept. 16, the Biden administration “released a framework outlining the regulation of digital assets including cryptocurrency and other items of value that exist only in digital form,” a framework which suggests the creation of a CBDC, according to Jim Probasco, writing for Investopedia.

City.Journal.org wrote in March that CBDCs have the potential to become an unprecedented totalitarian nightmare.  Why?  Again, we have only to compare it to what already exists in China: jaywalking, speeding or other infractions land citizens heavy fines – fines which can be deducted automatically by the centralized bank account.

Who will stop the government from deducting whatever else it wants from your account?  Because, in effect, it’s a “joint account,” where access is available to your governmental benefactor.  The options would be endless in terms of what could be moved from one account to another.  And if the system is linked to desired standards and values, including many you don’t share, what happens to your financial outlook?  Doesn’t this smack of programmed behavior or forcing a desired outcome?  After all, being able to access your money is paramount.  Controlling each person will be made simple.

We’ve already had a foreshadowing of this, when PayPal recently threatened to fine users who, by their standards, were guilty of spreading misinformation – a totally subjective parameter.  They would only have to seize the funds accessible to them in your personal PayPal account.  Or, what about the freezing of 280 personal bank accounts in Canada, during the Ottawa Freedom Convoy trucker protest in February?

The bottom line is that the CBDC has the frightening potential to curtail financial freedom, with the added bonus of making sure everyone is fully compliant with whatever we are being told to do.  If you aren’t, losing access to your own money might be the consequence.  In short, the new slogan could be, “My Money, If I Only Follow Your Demands!”

CBDC: What Will The Consequences Be If Israel Adopts the Central Bank Digital Currency? – part II
November 30, 2022


You might be surprised to learn that in June, the Bank of Israel shared details about its first set of technical trials for a central bank digital currency.  CBDC One trial tested smart contracts, raising the issue of who should be allowed to write and police them.

In September, Israel teamed up with Norway and Sweden to explore the implementation of a centralized digital currency, engaging together to test technical systems through which this might work.  The teams are expected to reveal their findings during the first quarter of 2023 as they relate to retail payments.  So, the short answer is ‘yes.’  Israel is not only thinking about jumping on the CBDC bandwagon – along with 100 other countries exploring this direction – but already has begun to investigate and engage in trial enactments to determine its viability.

In fact, Israel began imagining the viability of CBDC as far back as 2017, conducting a pilot test in 2021, and already considering the possibility of calling the digital shekel currency “SHAKED” (the Hebrew acronym for Digital Shekel).

But as mentioned in Part I, there is no doubt that such a dramatic change in our monetary system would have to be preceded by a slick, enticing and attractive campaign to convince everyone that this is being done with their best interests in mind – taking into consideration their protection, benefit and convenience.

So, how predictable are the words of Bank of Israel’s CBDC project manager, Yoav Soffer, who claims that, “under the right conditions, the Digital Shekel could ‘allow for more freedom.’”  He assures us that there is justification since, “It is in the public interest to fight the illicit black economy and tax evasion.”  But when confronted with the warnings of critics who claim that CBDCs will monitor people’s spending habits and could have far-reaching political consequences for those who may not support the government, Soffer is quick to say, “Israel’s CBDC policy would be in the ‘public interest’ and subject to that country’s democratic processes.”

That abstract comment opens up a plethora of questions, such as:

  • What happens if democracy, as we know it, changes into a more autocratic system under the control of one person?  Does anyone remember that it was one person who made the exclusive deal between Israel and Pfizer, on behalf of the Israeli people, eventually to mandate the deal for all Israel’s citizens?
  • What happens if digital banking requires a certain code of behavior and ethics by its citizens – one which might be unacceptable to many?
  • What happens to your hard-earned funds for which you labored throughout your entire life?  Do they become limited or are they even accessible without full compliance with the new digital monetary system?
  • What happens if you belong to a group, or contribute to a group, seen as undesirable or unsupporting toward government actions?  Will you be fined or penalized for your association with them?  Will you be afforded a defense, or any type of democratic hearing, or will money be arbitrarily withdrawn from your account?
  • Will you be obligated to comply with certain medical or social demands intended to prop up your standing or which, if you choose to opt out, will injure your ability to access your funds?

This leads to my next questions:

  • Do Israelis have any right to privacy as it concerns the use of their own personal funds?  If part of the function of a central bank digital currency is to track usage, and analyze spending habits to determine their legitimacy and worthiness, whose money is it ultimately?  The moment your spending choices come under question, it has ceased to be solely your money.
  • Given the fact that Israel boasts the most ethical army in the world, as well as being one of the few countries to swiftly offer humanitarian help to any country that needs and desires it, why would we decide to join a global banking system which intends to spy on the spending habits of its citizens, as well as be the judge and jury as to how we might conduct ourselves concerning our life choices?

For now, Israel has not spoken much about the possibility of launching a digital currency, but the Bank of Israel continues to research and be active in its development and planning.  However, given its claim that the digital shekel “will not pose a threat to the national financial system,” it might not be too long before CBDC is widely introduced to the Israeli public as a fait accompli.

Lastly, it should be noted that “blockchain,” the technology under which cryptocurrencies operate, will serve as the basis for a central bank digital currency.  Blockchain is defined as “a technology which allows assets to be exchanged electronically, recording the facts and details of a transaction without the ability to make any changes to those records later.  It is information recorded in a distributed ledge with identifiers for the sender, recipient, time and transfer amount.  In effect, it is an unbroken sequence of blocks, so that anyone can track the entire transaction history of a particular asset, all the way back to its origin.”

Try digesting that definition for a few minutes!

It might be the best and most convincing argument as to why CBDC is likely to turn into giant government overreach into personal wealth, giving it the capacity to become the ultimate puppet master when it comes to making people do whatever it is that it demands from them.  Seize their money, and now you own them.  Whether they eat, pay their bills or are allowed to participate in life is now in the hands of the ones who can see their payment history and determine if they get a passing grade.

So why should that threaten anyone?  Just a reminder to Israel . . .  in the words of one of our own prophets, Micah 6:8, “The LORD has told you what is good, and this is what He requires of you: to do what is right, to love mercy and to walk humbly with your God.”  Israel needs to think carefully as to whether CBDC can be enacted and, at the same time, allow us to follow the wise counsel given to God’s chosen people!

Cookie Schwaeber-Issan A former Jerusalem elementary and middle-school principal and the granddaughter of European Jews who arrived in the US before the Holocaust.  Making Aliyah in 1993, she is retired and now lives in the center of the country with her husband.

CBDC – Faster Than You May Expect

Recently this blog warned of persecution coming via Central Bank Digital Currency (CBDC).  This will make the Respect for Marriage Act look like protection of religious liberties. . . which it is NOT!  In a previous blog I noted how President Biden authorized any and all government agencies with a vested interest in a CBDC to explore the actions required to launch a United States CBDC if doing so is deemed to be in the national interest.”

When did a government ever invent a program that it then dumped?  Just search for “obsolete federal programs still on the books” in a search engine and watch the boondoggles your computer will find!

So now, just eight months after executive order 14607 was signed, the NY Federal Reserve is rolling out a test of these actions.  “The Federal Reserve Bank of New York and major banks will launch a three-month test of a digital dollar in hopes of studying its feasibility.”  (The Washington Examiner)

“Citigroup, HSBC Holdings, Mastercard, Wells Fargo, [BNY Mellon, PNC Bank, TD Bank, Truist, and U.S. Bank] are the [nine] financial companies participating in the experiment alongside the New York Fed’s Innovation Center, they said in a statement. The project, which is called the regulated liability network, will be conducted in a test environment and use simulated data, the New York Fed said.”  (Reuters)

The U.S. dollar will be represented as tokens and transactions will be settled through simulated central bank reserves on a shared multi-entity distributed ledger.  This pilot will be conducted in a test environment and the participating parties have stressed that this experiment is not intended to advance any specific policy outcome or hint that the Fed is planning to make any big decisions about a central bank digital currency in the near future.  😉 Wink, wink, “I’m from the government and I’m here to help.” 😨 (Ronald Reagan)

As noted, the US is behind the curve of other countries, so much so that there is discussion about whether the dollar is becoming less important in international transactions.  If we fall behind advancing nations like China, India and …Jamaica (??😳) the dollar will lose its slot as the world’s reserve currency!  The rise of the Euro and China’s Yuan increasing presence in the global economy all feed into this idea.

China has tested its digital yuan in several provinces, and the currency is even available to users on the popular app WeChat.  It recently added four provinces to its list of regions for the CBDC trial.  Nigeria also launched a digital currency, the eNaira.  The governor of Nigeria’s Central Bank said it was responsible for more than $9,000,000 (in USD millions) in transactions in the past month.  Earlier this month, France, Switzerland, and Singapore jointly conducted a trial for their digital currencies, one of the first of its kind.  These cross-border trials are also an important agenda item in CBDC development as one of CBDC’s promises is to expedite international trade between financial agencies.

A news release referred to the experiment as a “proof-of-concept project” in which the largest banks in America will work with the Fed’s New York Innovation Center to simulate digital money representing the deposits of their own customers and settle them through simulated Fed reserves on a distributed ledger.

Of course, this is all for our own good: Safety, Security, Convenience!  Those are the three catch words that will be used to draw us in.  If you know you are not a bad person, but you enjoy convenience, it will be tempting to say to yourself, “I have nothing to hide.”  Are you living a “sustainable lifestyle” and helping to fight alleged climate change?  Do you support government views on race, abortion, marriage and even democracy?  Are you a team player?  If not, your participation in society may be affected.  Although financial institutions claim a digital dollar boosts speed and convenience, the real motives are surveillance and control.

This is exactly how the recent vaccines were rolled out, through coercive policies enforced, not just by governments but by their corporate partners.  John Kerry, at the COP27 conference in Egypt said that this is the model that can be used to enforce compliance with the sustainability agenda being pushed by the United Nations and its myriad partners in the private sector, headed by the World Economic Forum.

Once digital programable money is in place, you may not get to spend your money on certain things and may be limited to certain areas of commerce.  A digital ID will be required for everything!  Eventually, you will not be able to access any government or public services without that digital ID; you will not be able travel across national borders nor access healthcare nor the internet.  You will be required to prove your identity through a digital program containing your unique biometric markers, a thumb print or a facial scan.  Cellphones are already prodding us for this information.  Many new driver’s licenses require biometric markers.  Your face will be linked to a new digital CBDC account.  Without it, you will be locked out of the system – no job, no healthcare, no social security check, no buying or selling . . . nothing.

The World Economic Forum wants to achieve this by 2030.  After digital money backed by government is in place, cash can be all together eliminated.  In June 2020, many world leaders gathered to announce the launch of a plan to “reset” the entire global economy, a proposal ominously named the “Great Reset.”  Among the elites from around the world and powerful institutions that pledged their support for the Great Reset were the International Monetary Fund, the secretary-general of the United Nations, Prince Charles and CEOs from major international corporations.  A frequent mantra of The Great Reset is “equality of outcomes,” a concept foreign to democratic “equality of opportunities.”

“Every country, from the United States to China, must participate, and every industry, from oil and gas to tech, must be transformed. …In short, we need a ‘Great Reset’ of capitalism. Klaus Schwab, the founder and executive chairman of the World Economic Forum, wrote.

New York Fed Announces Phase I Results of the New York Innovation Center’s Project Cedar – FEDERAL RESERVE BANK of NEW YORK

“The U.S. Federal Reserve has tightened the window for the launch of its FEDNOW instant payments platform to between May and July of 2023.  According to a press release, FedNow will be open to financial institutions of any size, allowing them to facilitate instant payments for consumers and businesses, giving customers immediate full access to funds. The platform is currently in pilot phase with more than 120 organizations participating, including lender U.S. Bank and payment processor Alacriti Payments among them.”  (Forbes)

Some people herald crypto-currency as the money of the future.  Its blockchain accounting system made it attractive to investors who valued privacy and speed of transaction.  Libertarians liked its independence from government or banks and saw it as a parallel system that would eventually replace modern monies.  But the joke’s on those who thought the privacy and independence from government were its salient features.  It will soon be Big Brother, more pervasive and intrusive than George Orwell ever imagined.

Once CBDC becomes the medium of exchange in our nation, China and others, it will be a short hop to a global cabal who will control our finances; one more step toward a global government.  All it will take will be a cataclysmic event more astounding than the recent pandemic, and One Man will come along with the rest of the solutions.  As Jesus warned His followers, do not “get ready.”  Rather, BE READY!  Christ-followers have nothing to fear, For as the lightning comes from the east and shines as far as the west, so will be the coming of the Son of Man. Wherever the corpse is, there the vultures will gather.” (Matthew 24:27-18)

Still As Dumb As Ever – Get Rid of DST!

It’s that time of year again when everyone has to mess with any clocks that are not synchronized to some satellite to “wake up” an hour earlier.  There are very few things our Congress has done that are dumber than Daylight Saving Time.  However, Senators Mark Rubio and Rick Scott of Florida have devised one to up the ante!  They introduced and the Senate passed the “Protect the Sunshine Act” last spring, 2022.

2022-07-30 King Canute and the Uncooperative TideThe hubris of the name of this proposed law rivals the efforts of King Canute who sat his throne by the Aegean Sea and commanded the tide to stop coming in.  And we know how THAT turned out.  The King finally relented and declared, “Let all men know how empty and worthless is the power of kings, for there is none worthy of the name, but He whom heaven, earth, and sea obey by eternal laws.”  If he were alive today, he would have simply moved the high-tide markers and declared, “There, I stopped the tide,” much as Congress does with our clocks: “There, we gave you an extra hour of sunshine.”  🤪

But that did not stop the idiots in the Senate from passing this absurd bill on March 16, 2022.  The bill is intended to make Daylight Saving Time (DST) permanent as of November 5, 2023.  That is the day before we are supposed to return to normal standard time.

2022-07-30 DST InsanityThe asininity of this proposed law boggles the mind!  Are Floridians, and by extension, all Americans, so lame-brained that we cannot just get up an hour earlier if that is what we wish to do!?  How does this law “protect the sunshine!?”  AND why are our Senators and Representatives wasting time messing with our clocks, instead of addressing inflation, illegal immigration/oppressive visa constraints, fuel regulation, voter integrity/freedom of voter access, and concerns of normal Americans?  While many of Senator Rubio’s and Scott’s proposals and views line up well with conservative values, this one came out of the wild blue yonder as inane government overreach.  If you are an American citizen, let me encourage you to write to your Congressperson in the House of Representatives and urge common sense!  The Senate abdicated any measure of sanity and passed this already.

To find your representative, try this link: https://www.house.gov/representatives/find-your-representative.  To assist you in your effort to get the House to use common sense, here is a sample letter.  Feel free to copy and paste or develop your own appeal to your Representatives to use their brains for a change.
____________________________________

Dear Representative Barr,

In March, 2022 the Senate passed a bill to make Daylight Saving Time (DST) permanent!  This is one of the dumbest things Congress has attempted to do since instituting DST in the first place.  It is true that most normal Americans and Europeans hate moving our clocks back and forth with the seasons, and the loss of productivity for the weeks after each change is substantial.

However, rather than make DST permanent, PLEASE, now that we have changed back to UTC+/-, the “normal time” most of the world uses, stop DST from ever plaguing us again!  Primarily, the US and Europe are the only ones dumb enough to use DST.

You have much more important issues facing our nation than some idiot’s idea to force our clocks out of sync with the rest of the world.  If we are going to mess with the clocks this way, why not move them BACK FIVE HOURSThat way we could all sleep in until noon and go to work “later” in the day.  This makes as much sense as making DST permanent!!

I will be watching for your vote or non-vote on this issue next spring before the 2024 election cycle kicks in.
yours truly,
c.a.post
________________________________
“Cowardice asks the question, is it safe? Expediency asks the question, is it politic? Vanity asks the question, is it popular? But conscience asks the question, is it right? And there comes a time when one must take a position that is neither safe, nor politic, nor popular, but one must take it because it is right.”  Dr. Martin Luther King, Jr.

Guest Blog by PK Adams: The Digital Revolution IS Coming! What Will You Do?

Paula Adams covers this territory very well with excellent research and a conservative Christ-honoring perspective.  I will have more to say on this theme soon, but this is enough to get you started thinking about what YOU will do when the government can track EVERY transaction by way of digital money.  China is already rolling out a digital yuan in select cities.  This was Paula’s March 17 blog:

When I wrote this post about biometrics and the mark of the beast, I was still a little unsure what the dangers were with this idea of ‘digital identity’. I knew that it seemed dangerous for some reason, but I couldn’t put it into words yet.

Now that governments and banks are putting out more propaganda of how having an ‘identity’ is a human right and will be so wonderful and convenient, I think I can see the plan more clearly. This has been in the works for long time and is part of the digital transformation.

If you don’t know anything about this topic, I suggest listening to this podcast or watching the video.  Or you can watch this video from ID2020. Actually, I urge you to watch both videos. They are very informative.

The main selling point for these biometric identity systems are that they will help the poor participate in the economy. A secondary selling point is that digital identity is necessary to prevent fraud in the increasing digitally connected world. And also important they say is that we need identity so we can have easy access to government services. On the surface the arguments for these IDs sound reasonable.

But let us ask ourselves, how have humans managed to function all these 5,000 years or so without them? James Corbett says that people used their reputations to do business before the invention of birth certificates and social security cards. Many people were born at home and had no legal birth certificate before industrial times.

According to the American Bar Association, birth certificates arrived around the end of the 19th century. “The idea that a government should also record this vital information is a relatively modern development. The United Kingdom was the first country to mandate collection of birth data at the national level in 1853. The United States began collecting birth data at the national level in 1902, via the U.S. Census.”

But even now, though many people do have drivers licenses and social security cards or other type of identity cards, many people do NOT, and they still EXIST and live their lives. Proof of identity is provided by the fact that you are alive and interacting with someone else, not a card or digital record.

And really, why does anyone need to know who you are if you buying and selling? The relevant information is your payment which could be cash, credit, digital currency, or even bartering. When I go to Walmart and pay cash, no one cares who I am. When I sell something on Marketplace or eBay, I do not ask for ID!

In my mind, the only reason to provide ID when transacting business is to keep a record of it for tax purposes or to provide proof of ownership. But in the past this has been accomplished fairly easily with a signed receipt or bill of sale or other contract. To make the claim that people cannot do business without a digital ID is nonsense. I’m sure the people in developing countries would agree.

My point is that a digital identity RECORD does not create your IDENTITY. Humans have life, dignity and worth apart from any assigned number from the state.

Second question, why does everyone need easy access to government services? Obviously they intend for government to play an even bigger roll in our lives in the future. Cradle to grave control.

I think many of my friends and followers will easily see the dangers of digital identity system. You are the same people who instantly saw the dangers of the Covid passport, mandatory vaccines, and forced lockdowns. It started with a ‘state of emergency’ and continues under the guise of ‘public health’, which will continue to be an excuse for increasing control. Governments should not have this much power over our lives.

The idea of a digital identity system that we are told is absolutely an essential human right because people can’t buy or sell in the marketplace should set off some warning bells if you know your Bible.

In the prophecies about the time period before Jesus returns to judge the world, which is called the End Times, the Last Times, the Tribulation or ‘that day’, and is interpreted differently by different people, there is a verse that says that when the Anti-Christ comes into power, people who do not worship him will not be able to buy or sell unless they have the ‘mark of the beast‘ and they will be killed. These same prophecies also discuss the immensity of the global market during this time and the fact that people are still being sold as slaves.

In my opinion, it’s not biometrics per se that are the mark of the beast, it is the digital identity system itself. And I believe that fingerprints, selfies, and retinal scans are only the beginning. In fact, I am starting to wonder if the ‘beast’ will actually be a computer or Artificial Intelligence that is used to control over the whole economy. Have you heard of algorithmic trading?

My guess is that eventually everyone’s genetic information will be part of their digital record and your data will be somehow attached or implanted or tattooed to your skin. This will be needed to buy, sell, go to school, conduct any kind of government business, travel, communicate, you name it. There is already a problem with people using masks to thwart facial recognition and crooks can cut off your finger to use it for fingerprint ID systems. So, oh well, I guess we will have to have a sample of your DNA!

What is the problem with giving them this information? Why should I care if the government can not only track my every move, but also send me helpful reminders to get my vaccines, and make sure that I have everything I need? Isn’t the government just trying to help me have a better life? If you have to ask that question, I will assume that you have never had to deal with bureaucrats or pay taxes or noticed the immense corruption in every level of government. Lucky you!

What could happen if you do not agree with something the government says to do? I think having a digital ID will seem very convenient and safe and logical to most of the public, until one day, the trap is sprung. By then it will be too late to take back the DNA that you freely handed over or have the chip implant removed or find alternative ways of doing business. And what is the ultimate goal? To make you worship the beast. No mark? You will be beheaded.

If this all sounds too sci-fi for you, I hope you’ll do your own research, and do some thinking about what could happen when you give up your right to privacy. One of the claims these digital ID people love to make is that your ‘privacy’ will be protected. Hahaha! From who? Not from them. Privacy means something very different to them.

You have nothing to hide, you say? Neither do I, yet. But if these eager economic/tech/medical/NGO/UN-funded/one world government types get their way, the world is going to be very different in the future. Your personal goals, moral values and religious beliefs will have to be realigned with what’s ‘best for the world’.

I think someone in power has noticed that not everyone is excited about this idea because the IRS website has at least temporarily changed it’s plans to require ID.me to use their website. But they are not going to stop with this. Billions are being invested in digital identity in all kinds of industries. But this is a sign that protesting can make a difference.

Educate your friends and family if you agree with me that digital identity is a bad idea. Send them to the www.corbettreport.com. Let’s all open our eyes so we can see the world of illusion being built before it’s too late.

And while you’re busy fact-checking, have a look at this video https://rumble.com/vwxxi8-ukraine-on-fire.html and this one. Remember that the beast hates God’s people, especially Jews.

For Paula’s blog and other great reading, you can go here: https://blueskiesandgreenpastures.com/2022/03/17/digital-identity-dangers/

https://www.youtube.com/watch?v=01UjW_ogmLw

God Help Us All – Wordless Wednesday

Five Times August is the name of a solo music project by Dallas, Texas independent singer/songwriter/guitarist Brad Skistimas.  Another one on this same theme entitled Jesus, What Happened To US?: https://www.youtube.com/watch?v=RPzc8ROZEjU.

Lock down all towns
Everybody slow down
Give ’em everything you have
Mask up, vax up
Get your body trashed up
Better do what they ask

It’s alright, okay
Sorry, but ya can’t pray
Gotta keep the church doors closed
No superstitions
A saint politician
Will tell ya what you need to know

Citizen fools
And brand new rules
Make everyone a hero now
So keep your distance
No resistance
Only do what you’re allowed

Cash that check
Go dance in the wreck
But just don’t speak your mind
Get your facts from the paid contracts
‘Cause never would they tell a lie

They don’t know me
And they don’t own me

Oh God help us all
Look what we’ve become
Oh God help us all
And fix what we have done

See no evil
Bow to the needle
Didn’t we turn out great?
Sick is the new health
Poor is the new wealth
Truth is whatever they say

Expert lectures
Media protectors
Tell me who to love and hate
Jail in the network
Hail to the Zuck-burg
Head down, just behave

Liberty, freedom, angels, demons
Someone’s in control
(Well) no way, no how
I wouldn’t say it too loud
Don’t you know they’re on patrol?

Need more likes
Post up, let’s fight
There’s no way that you’re wrong
Gott listen to the science
‘Cause it’s all about compliance
You agree or you’re gone

They don’t know me
And they don’t own me

Oh God help us all
Look what we’ve become
Oh God help us all
And fix what we have done

Sell my info
Hacked in, don’t know
Show me what I need to buy
Sex consumption, no corruption
Just as advertised

You’ve been labeled
And I’ve enabled
Better apologize
Propaganda
Racist slander
Time to organize

Shot, bang, who’s next?
Brain dead, useless
Show it on the TV screen
Tell me who to vote for
Gotta to start a new war
Wouldn’t want to live in peace

Divide and Conquer
Weak, not stronger
Everybody know your place
Do it now, won’t hurt
Dig into your own dirt
Virtue found it’s grave

They don’t know me
And they don’t own me

Oh God help us all
Look what we’ve become
Oh God help us all
And fix what we have done

Incite violence
Enforce silence
Mainstream message
Won’t you guide us?
You know what is best
For our own good

Anti-this and anti-that
Cancel this and cancel that
Take it to the streets
And the neighborhoods

Worship actors
Food and drugs
Brand yourself
Give them your blood
Don’t believe your eyes
Don’t look around

Fake news, rumors,
Ok boomer
Ignorance will stain our future
Will ya make it through
Or burn it down?

Oh God! Oh God! Help us all! Oh God! Help us all!

~ Five Times August ~

Guest Blog by Tony Evans – “Can’t Buy Me Love”

Dr. Tony Evans is the pastor of Oak Cliff Bible Fellowship in Dallas, Texas.  He also is the founder of The Urban Alternative.  Dr. Evans holds the honor of writing and publishing the first full-Bible commentary and study Bible by an African American.  His radio broadcast, The Alternative, can be heard on over 1,400 radio outlets daily and in more than 130 countries.  His sermons are Biblically sound and he “walks the walk,” not just talks the talk.  Here is a man of God worth noting for how Father has used him to teach thousands of believers how to grow in the grace and knowledge of Jesus Christ.  This is a sharing of a recent email he sent to his contacts, which is adapted from one of his more than 100 books.

2021-06-19 Dr. Tony Evans

Dear Friends,

Most people think money is the secret to satisfaction.  They think that happiness equates to how much money you’ve got at your disposal.  But happiness has nothing to do with money.  Money isn’t about to solve your problems.  In fact, sometimes our problems escalate as our money increases — not the other way around.

That’s why Paul wrote, “For the love of money is a root of all sorts of evil, and some by longing for it have wandered away from the faith and pierced themselves with many griefs” (1 Timothy 6:10).

There are so many things money can’t buy.  Money can’t buy health.  It can’t buy relational harmony.  It can’t buy respect, honor, character or esteem.  When things go south in any of those areas, if money is all you’ve got working for you, you’ll discover the actual value of money.  You’ll learn that money isn’t all it’s cracked up to be.  There’s so much that matters more than how much money you have in your wallet or your bank account.  But it’s very easy to forget that.

As a result, people frequently spend their energy praying for stuff when God wants to give them more than stuff.  He wants to give significance, strength, stability and identity.  All the stuff in the world doesn’t amount to much if you are so broken, empty or alone that you cannot enjoy it, and you don’t have anyone with whom to share it.  Stuff never made anyone smile the way that satisfaction, purpose and even service can.  Our world focuses on stuff, while Jesus reminds us what matters most.

For His kingdom,
2021-06-19 Tony Evans Signature
This content has been adapted from Tony Evans, Kingdom Men Rising, Bethany House Publishers, 2021.
See also the DVD, Kingdom Men Rising.  Good stuff!
If you are visiting here before June 19 is over, check out the free No More Excuses teleconference at https://www.ocbfchurch.org/ministries/mens-fellowship/mens-conference/.

Coming Soon To A Planet Near You – Part 3: The Mark

In the last two blogs I have introduced synopsis of End Time Events and a challenge to investigate these things for yourself.

Let’s address a concern for many followers of Jesus, called The Christ.  What is the Mark of the Beast, the significance of the “666,” how will it be done, and what are the results of taking or refusing it?  If you are not a Christ-follower, I encourage you to read on, to discover what may happen in the near future.

2021-05-22 HellBoyFirst, the Mark of the Beast will not be called that, any more than the Beast will be called “The Beast.”  It will likely be couched in pleasant sounding euphemisms, e.g. The WISE Mark (Winning Implementation of Supply and Expense) or maybe the KIND Mark (Knowledge-based International Negotiation Dividends).  And The Beast will be called a Miracle Man, a Savior of Humankind, the Answer Man, the Peacemaker.  He will not be an evil-looking HellBoy, but rather a typical looking world leader.  But those who are aware of the Bible’s teaching will recognize him for who and what he really is: the devil incarnate, the Anti- or “Other” Christ.  Keep in mind these events will unfold as repercussions of the most mysterious disappearance in history of millions of people and all babies and little children!  The global chaos will be ripe for someone, anyone, who seems to know what to do.

“[The spokesman of the Beast] causes all, both small and great, both rich and poor, both free and slave, to be marked on the right hand or the forehead, so that no one can buy or sell unless he has the mark, that is, the name of the beast or the number of its name. This calls for wisdom: let the one who has understanding calculate the number of the beast, for it is the number of a man, and his number is 666.” (Revelation 13:16-18)

As for the significance of the mystery of the number, 666, this will remain a mystery until the time it is applied.  Do not let anyone fool you into thinking they have ‘discovered’ who the Beast is by matching a name to the numeric values of the Hebrew or Greek letters.  This was done with transliterations for Emperor Julian, Genghis Khan, Hitler, FDR, John Kennedy, George Bush, bin Laden, Khomeini and a host of others whose candidacy for being the Anti-Christ fell into varying degrees of believability.  We will not know who this “Man of Lawlessness” is until he is revealed.

How is the mark applied?  It is possible it could be a bio-metric identification or a chip implant, something the angel would only have noted as a “mark.”  It could be a nano-activated ink tattoo or simply a literal tattoo, maybe even 666, that would show the wearer was “cooperating” with the government to address the chaos of the missing Christ-followers.  “I’m a loyal (insert any nationality).  Put it big and bold right there on my forehead!”

In any case, it will not be secretly administered as some right-wing . . . umm, conservatives (note, I did not call them “nuts” 😉) surmised in recent months.  It will not be part of a vaccine or some obscure method that will fool people into getting something they do not want.  It will be an open and reasonable method of accounting for your personal income, expenses, assets and debts.  Everyone will be invited to participate as sensible and patriotic citizens of the world.  It will simply be the way the world is working, and if you want to buy or sell, whether stocks and bonds, real estate or groceries, you will need to have an account.

The results of accepting this Mark are explicitly laid out in Revelation 14: “If anyone worships the beast and its image and receives a mark on his forehead or on his hand, he also will drink the wine of God’s wrath, poured full strength into the cup of his anger, and he will be tormented with fire and sulfur in the presence of the holy angels and in the presence of the Lamb. And the smoke of their torment goes up forever and ever, and they have no rest, day or night, these worshipers of the beast and its image, and whoever receives the mark of its name.”  So if it comes to the point that you are asked to take a Mark in order to buy or sell, just do not do that!

However, be aware that the results of refusing this Mark will be devastating as well.  One will not be able to do business in any form.  You will not be able to access your savings, your Social Security, your checking or any investments.  You will not be allowed to purchase anything at Walmart or Costco, and forget about Amazon or Apple.  The Kroger and Safeway will be out of your reach as will be any other thing that you want to buy or sell.  Starvation is a slow and difficult death; ostracization by the community may be radical and murderous.

But there is an assurance in the next verses in Revelation 14Here is a call for the endurance of the saints, those who keep the commandments of God and their faith in Jesus.  And I heard a voice from heaven saying, ‘Write this: Blessed are the dead who die in the Lord from now on.’ ‘Blessed indeed,’ says the Spirit, ‘that they may rest from their labors, for their deeds follow them!'”

Do not believe me!  😉 That is, do not take my word for this information.  Read last week’s list of Bible chapters that address the End Times.  At least take a couple hours and read two very short books: The Gospel of John and The Revelation.  Each of these books should not take more than an hour or two to read in your heart language (the language in which you dream).  The links are to English Standard Version (ESV), but you can select any language in the “Version Button” by selecting All and scrolling down.

So when will these things occur? Again, as noted last week, no one knows the day or the hour!  So do not let anyone deceive you that they somehow have it figured out.  But there are interesting developments that make these scenarios more believable. 

When I was a child, Bible-prophecy preachers would speak of a united Europe to mimic the ancient Roman Empire; skeptics said this was absurd, that nationalism and language difficulties would prevent this; Europe would never be united.  The preachers said money would be accessible only through a mark on your hand or forehead; again skeptics said we would never have computers powerful enough to regulate international commerce; check out Amazon’s latest development in September, 2019.  The preachers said cash would be obsolete; skeptics laughed as they wanted to know how you could do business without a reserve currency; laugh no more; digital currency will soon replace the dollar as the world’s reserve currency!  It will be international, accessible anywhere in the world, and if it uses bio-metrics to access, perfectly (?) secure.

2021-05-22 LightningRecall that world events have at times occurred with the speed of a tsunami.  The start of WW1, the execution of the tsar of Russia, the Communist revolution in China, the fall of the Berlin wall, literal tsunamis and natural disasters around the world: all occurred with fire-bolt speed, and the next changes in currency, political fortunes and world government will occur even faster when the Church is removed from the world like a lightning flash!

This is why I appeal to you that if you do not know where you will go at the end of your life, you CAN know!  If you want to know how to escape the judgements of The God Who Is, He has made it very simple.  “Believe in the Lord Jesus, and you will be saved, you and your household.” (Acts 16:31)  If you come face to face with the events herein described, recognize that any death from human hands is nothing compared to missing the gift of eternal life Jesus offers.  My prayer for each of you reading this is that you will take this warning to heart and Be Ready.

“At this also my heart trembles and leaps out of its place.
Keep listening to the thunder of His voice
    and the rumbling that comes from His mouth.
Under the whole heaven He lets it go,
    and His lightning to the corners of the earth.
After it His voice roars;
    He thunders with His majestic voice,
    and He does not restrain the lightnings when His voice is heard.
God thunders wondrously with His voice;
    He does great things that we cannot comprehend.”  Job 37:1-5

 

Intermezzo Guest Blog: Will Vaccine Passports Control Your Daily Life?

Former Clinton Adviser: Mandatory Vaccine Passport Could Lead to ‘End of Human Liberty in the West’ – by Jack Phillips  March 29, 2021

Former Clinton adviser Naomi Wolf said that mandatory COVID-19 vaccine passports that have been proposed in recent days would be the “end of human liberty in the West if this plan unfolds as planned.”

“‘Vaccine passport’ sounds like a fine thing if you don’t understand what those platforms can do. I’m [the] CEO of a tech company, I understand what this platform does,” Wolf, who’s also an author, told Fox News on March 28. “It is not about the vaccine, it’s not about the virus, it’s about your data. Once this rolls out, you don’t have a choice about being part of the system. What people have to understand is that any other functionality can be loaded onto that platform with no problem at all.”

Wolf said such data can be “merged with your Paypal account, with your digital currency,” adding that “Microsoft is already talking about merging it with payment plans.”

Wolf noted that it happened in Israel, “and six months later, we’re hearing from activists that it’s a two-tiered society and that basically, activists are ostracized and surveilled continually. It is the end of civil society, and they are trying to roll it out around the world.”

“It is absolutely so much more than a vaccine pass, it is — I can not stress enough that it has the power to turn off your life, or to turn on your life, to let you engage in society or be marginalized.”

Going a step further, Wolf likened such plans to the Chinese Communist Party’s (CCP) surveillance of its population and promotion of a “social credit score.”

2021-04-02 Vaccine PassportsA handout image shows the Excelsior Pass, a platform that lets New Yorkers present proof of COVID-19 vaccination at events. (Office of Gov. Andrew Cuomo)

“How does [the CCP] keep a billion people under the thumb of a totalitarian regime?” she asked. “The CCP can find any dissident within five minutes, and that can happen here literally within months.”

Wolf referred to reports about Biden administration officials proposing the idea. The Washington Post and CNN — citing anonymous, unconfirmed sources — have suggested that the administration is working toward developing a national vaccine passport standard. New York state has proposed its own “Excelsior Pass” that would be used in large-scale venues such as Madison Square Garden. The plan has been lambasted by civil liberties groups and proponents.

On March 29, White House press secretary Jen Psaki addressed the claims, saying the administration doesn’t see a federal mandate for vaccine passports. “We believe it will be driven by the private sector,” she told reporters.

In other countries, such passports have already been created. Israel set one up in February to grant people access to gyms and hotels, Iceland now uses a passport to allow foreign travel, and Saudi Arabia has an app-based passport for people who are inoculated.

“The thing underpinning all of this is, what are you going to use it for?” said Melinda Mills, director of the Leverhulme Centre for Demographic Science at the University of Oxford, according to the Wall Street Journal. “Is it for international travel? Is it for getting a job? Is it for buying milk?”

Guest Blog by Star Parker

Star Parker @UrbanCURE
Star Parker is a columnist for The Daily Signal and president of the Urban Center for Urban Renewal and Education.

As so much despair has gripped our nation during this difficult time, I decided to go into our nation’s most distressed communities with a message of hope and truth.  I have been working on policy issues dealing with race and poverty through my organization, UrbanCURE, for 25 years.

We purchased billboard space in hard-hit cities across the nation and posted a short, time-tested message that strikes at the heart of what drives poverty.  The billboards show a picture of a young black man or young black woman and say: “Tired of Poverty? Finish school. Take any job. Get married. Save and invest. Give back to your neighborhood.”  The billboard then refers to Proverbs 10:4, which says, “A slack hand causes poverty, but the hand of the diligent makes rich.”

This is a message delivered with care and love.  It’s a message I know is true. It is so true that it produced an immediate reaction from Black Lives Matter, which contacted the billboard company, Clear Channel Outdoor, demanding that the billboards be taken down.

Claims from Black Lives Matter — laced, of course, with profanity — that our message is racist, inaccurate, and self-hating are a crude distortion of reality.

I know the accuracy of our message from my experience in life. I was once a young woman with disdain for the “establishment,” living off welfare and going nowhere.  Then two Christian businessmen straightened me out. Their message and guidance saved my life.

Aside from my personal experience and my daily learning as a Christian, I also know the truth of this message from years of policy work that has been going on in Washington.  The impact of the “success sequence” on poverty is well documented. Brookings Institution scholars Ron Haskins and Isabel Sawhill published their findings in their book “Creating an Opportunity Society,” in which they report that those who follow three steps — finish high school, get a full-time job, and get married before having children — face a 2% chance of being poor.

Brad Wilcox and Wendy Wang of the American Enterprise Institute followed on this work, showing that among millennials — ages 28-35 — there was a 53% incidence of poverty among those who did not follow these steps and a 3% incidence among those who did.

But regardless of whether or not you want to believe me or agree with me, what about freedom of expression?  What about the inherent importance of keeping dialogue open and free in our nation, with a goal of reaching truth?  How can shutting down communication serve anyone’s interests?

Shutting down dialogue, shutting down free and open exchange of ideas, is exactly what Black Lives Matter wants.  It said as much in a Facebook post to the billboard vendor that read, “At the end of the day, messaging and narrative control is priceless.”

Unfortunately, Clear Channel Outdoor responded to the intimidation of Black Lives Matter and took down UrbanCURE’s billboards, saying, “We strive to respect a wide variety of viewpoints on diversity and racial sensitivity.”  But can shutting down a powerful and truthful message because Black Lives Matter doesn’t like it reflect respect for “a wide variety of viewpoints”?  The nation’s shock after the terrible murder of George Floyd at the hands of a policeman was justifiable.  But the pushback unfortunately put wind in the sails of Black Lives Matter.

The question is: What does America, and what do black Americans, need? What will fix our problems?  For sure, suppression of free expression will make no one better off.  These are communities that need truth, that need love, that need empowerment.

This is the message we are delivering at UrbanCURE.

I hope Clear Channel Outdoor has a change of heart and is not intimidated by Black Lives Matter to breach contract and not publicize UrbanCURE’s message on its billboards.

In Our Lifetime – Digital Money Wars

Money 2If, like me, you believe in an approaching end of history as we have known it, you will find the attached article interesting to say the least.  If you believe the end of history involves a return of Jesus, called the Christ or the Son of God, the coming change in the way money is ‘manufactured,’ distributed and controlled and the issues raised in the article are a portend of the shape of the world at its end.

Even if you do not believe in Jesus as a Messiah nor in his literal return, the article bears careful reading as the change in currency and the way money is regulated will affect us all.  This is not an issue of, “If,” but rather, “How soon?”

Consider that on June 28, 1914, a 19-year-old Serbian nationalist shot and killed the Austrian Archduke Franz Ferdinand and his wife at point-blank range. Austria-Hungary was furious and with Germany’s support, declared war on Serbia, initiating The Great War, which we now call WWI.

When British Prime Minister showed a copy of a treaty with Hitler and declared, “Peace in our time,” in September 1938, he was only six months out from Germany’s breach of the treaty that propelled the Europe into its second World War.

The USA, deferring to isolationists in our country, stayed out to the war until a fateful morning raid on on December 7, 1941, by the Japanese air force that blasted Pearl Harbor into the ocean.  By the end of the day, in an era before the internet, US government officials had gathered and on the next day declared war.

Life changed for millions of people overnight on November 9, 1989, with the “fall of the Berlin wall.”  America responded immediately to the invasion of our county by radical terrorists on September 11, 2001, such that “9/11” is as emblazoned in our vocabulary as “Remember the Alamo” was in the minds of the people of 1836.

Instant information is accessible 24/7/365 and the shift from cash to digital currency will probably be as swift or faster than any of these listed previous events in history.  How soon after will a “mark” be required to buy or sell?  What will be the nature of said “mark?”  A biometric identifier?  An implanted chip?

We should not make predictions of end time events before they happen, as we who are Christ-followers are not prone to sensationalism or panic, and too much ink and attention has been given in times past to attempts to identify the “other-Christ” who will lead most of the world in rebellion against The God Who Is There.

However, it is hard to imagine a better presage to the Second Coming of the Christ than what will happen to the nature of currency in our lifetime.

____________________________________

Brace for the Digital-Money Wars

Digitizing the Chinese yuan—and eventually the dollar—would open new fronts in the fight over privacy and trade.

  Illustration: Mikel Jaso
THE NOT-TOO-DISTANT FUTURE — The National Security Council holds an emergency meeting. North Korea has launched a missile, capable of carrying a nuclear warhead within range of U.S. forces in Guam. At this rate, North Korea could land a nuke on the U.S. mainland in less than a year.

The shocking advance in capability despite heavy trade sanctions is due to a stream of money that the U.S. and its allies cannot monitor — a cryptocurrency. But it is not one of the risky ones celebrated by overnight millionaires and largely avoided by serious investors, it is a new one, with the stamp of legitimacy: the digital yuan.

The scenario above is fiction, but it is not fantasy. If China digitizes its currency, as it plans to do, and the North Koreans use it to finance their missile program, it is a flow of money that circumvents U.S. sanctions. That would force the U.S. to grapple with its own now-antiquated currency. If the U.S. follows suit, digitizing the dollar in order to maintain its global economic dominance, it would also find itself in possession of a potentially powerful surveillance tool.

While bitcoin, the first successful cryptocurrency, was created to maintain anonymity in transactions, future digital currencies will be the opposite of anonymous.

And just as every transaction involving a digital yuan would be trackable by China, every digital dollar changing hands would be visible to the U.S., its issuing government. Banks might still manage the flow of money, but they will no longer be the record-keepers they once were.

“The fundamental nature of money is really changing,” said Neha Narula, the director of MIT Media Lab’s Digital Currency Initiative.

Dr. Narula played the president’s “cyber czar” in an enactment of the hypothetical North Korea scenario staged last month at Harvard’s Kennedy School. “Digital Currency Wars” also featured former Treasury Secretary Lawrence Summers as well as Ash Carter and Gary Gensler, all of whom have served in presidential administrations.

We are moving rapidly into a new monetary era. Countries and companies are looking at digital money as the new standard for their monetary systems and a replacement for actual cash.

Some of the benefits include faster, cheaper payments, a greater ability to root out money launderers, and a more open, inclusive financial system. Digital money is also going to provide new abilities to law enforcement and governments that will almost certainly open up another front in the fight over privacy.

“Privacy is one of the defining problems of our times,” said Emin Gün Sirer, chief executive of blockchain-based startup Ava Labs and a professor of computer science at Cornell University, and it will be with money, too. In practice, he said, it is almost impossible to create a form of digital money that doesn’t identify its users.

What we think of as “money” is actually an extraordinarily complex network of thousands of commercial banks and central banks. The system works but is costly and relatively inefficient because everybody is working off their own balance sheets. Digital money would create a system where everybody using a particular currency is working off the same balance sheet.

The idea of bitcoin, unveiled 11 years ago, was to compress the cumbersome functions of the modern financial system to enable money to move anywhere around the world, in minutes, for virtually no cost. If you have ever tried to send even $10 across a border, you can appreciate the allure in this.

But bitcoin was just Act One. Act Two began this summer, when Facebook uncovered its proposed cryptocurrency, libra. This wasn’t some loose confederation of cypher-punks and anti-bankers. Suddenly, one of the world’s biggest, most powerful (and most controversial) companies was saying it was going to make money.

A flurry of action followed. The U.S. Congress convened hearings and wrote bills to stop libra from launching. Regulators leaned on some of its original supporters to back out. The Bank of England’s Mark Carney suggested an international cryptocurrency should replace the dollar as the world’s new reserve currency. The Chinese went further. They took their own efforts into overdrive and are widely expected to launch a digital version of the yuan in the coming months.

“This is more than just Venmo, more than just PayPal,” said Aditi Kumar, executive director of Harvard’s Belfer Center for Science and International Affairs, and playwright of “Digital Currency Wars.” “This is an entirely new way for countries to operate in the world,” she added. “It will make one or two actors all-powerful in the monetary system.”

The digital yuan China is planning is in fact a complete inversion of the bitcoin model. All of the data created would be centrally housed and become part of China’s surveillance state.

Money has always been a powerful, blunt instrument. It is an imposition not just of will, but of values. After World War II, the dollar became the foundation of the international monetary system. That gave the U.S. government a special tool. The U.S. has used its control over the dollar-based finance system to impose sanctions such as the ones on North Korea.

As the U.S. share of the global economy shrinks and that of countries like China and India expand, countries are actively seeking alternatives to the dollar.

In the fictional North Korea missile crisis, China would be tacitly allowing the financing of Pyongyang’s nuclear program to go through, because the government would be able to see where each digital yuan goes. That is an extreme, and entirely hypothetical scenario, of course, but it is an example of the leverage China would have over every transaction on its system. The only question is how heavy-handed the Chinese would be in using it.

While the Chinese model might be the far end of the spectrum, cryptocurrency has been moving in that direction. While bitcoin was designed to mimic the anonymity of cash in a digital setting, all its transactions are public, and therefore trackable. And Facebook’s libra would log transaction data, while recording user identities in a separate database. A central concern in Congress is what Facebook would do with that information.

Say the Federal Reserve digitized the U.S. currency. It could track how every dollar in circulation is spent. That might give it a great advantage in trying to figure out how the economy is growing, and where stimulus efforts would best be directed. But say people in government wanted to lock down some group or activity. They could do that, too. The role of banks would likely change considerably as well, though whether they gain or lose with a digital dollar would depend on how the government issued it.

Whether the U.S. will feel pressure to shift to digital still is not clear. There are proponents and opponents of cryptocurrencies in Congress. The Fed has examined the idea of creating a digital dollar, but that is all it has done.

At Harvard, Mr. Summers and his fellow stage actors spent some time debating this point. Some felt the U.S. should get in the game, others believed all they needed to do was make improvements to the existing system.

People need to start thinking about this now, Harvard’s Ms. Kumar said. China’s digital yuan will be a real-world proof of concept. The West will need to respond in some way. “Are we prepared for that?” she said. “Not just technically, but legally? Can we protect privacy in this new world?”

Write to Paul Vigna at paul.vigna@wsj.com