The Democrats want the banks to turn over ALL information on everyone to the IRS. You no longer need to have an audit. They are simply adopting the idea of guilty until proven innocent when it comes to money they want to get their hands on. This is stage one, and as they move to replace paper money and cryptocurrency with their own version, NOTHING you do will ever be private. The only way to pay the 13-year-old girl next door for babysitting will be by barter.
The Bank of England tells Parliament they need to intervene on digital currency “programming” — “Digital cash could be programmed to ensure it is only spent on essentials or goods which an employer or Government deems to be sensible.” This is a completely totalitarian state — not one of freedom and human rights. The Federal Reserve has been moving for instant payments in order to eliminate paper money. The Federal Reserve has been secretly trying to accommodate Big Tech to directly deposit with the Fed and bypass banks. “The proposed guidelines are in part a reflection of the ongoing efforts by Big Tech and FinTech firms to engage in banking activities without being subject to bank regulation and supervision.”(see the report of Bank Policy Institute).
CLICK HERE to read the full article over at armstrongeconomics.com