https://www.breitbart.com/politics/2022/08/22/bidens-executive- The measures announced Wednesday will focus on six key areas: Protecting consumers is an important part of the directive. Join our FREE email newsletter to receive special offers, weekly metals market recaps, must watch videos, and more! In the absence of sufficient oversight and standards, firms providing digital asset services may provide inadequate protections for sensitive financial data, custodial and other arrangements relating to customer assets and funds, or disclosures of risks associated with investment. For example, President Franklin Roosevelts New Deal policies were based on his executive orders from the early 1930s. (d) Within 120 days following completion of all of the following reportsthe National Money Laundering Risk Assessment; the National Terrorist Financing Risk Assessment; the National Proliferation Financing Risk Assessment; and the updated National Strategy for Combating Terrorist and Other Illicit Financingthe Secretary of the Treasury shall notify the relevant agencies through the interagency process described in section 3 of this order on any pending, proposed, or prospective rulemakings to address digital asset illicit finance risks. Ignores input citizens during the policy-making processif(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[250,250],'arounduniverse_com-large-mobile-banner-2','ezslot_8',116,'0','0'])};__ez_fad_position('div-gpt-ad-arounduniverse_com-large-mobile-banner-2-0'); Executive orders can be controversial, but they can also be very helpful. The interagency process shall include, as appropriate: the Secretary of State, the Secretary of the Treasury, the Secretary of Defense, the Attorney General, the Secretary of Commerce, the Secretary of Labor, the Secretary of Energy, the Secretary of Homeland Security, the Administrator of the Environmental Protection Agency, the Director of the Office of Management and Budget, the Director of National Intelligence, the Director of the Domestic Policy Council, the Chair of the Council of Economic Advisers, the Director of the Office of Science and Technology Policy, the Administrator of the Office of Information and Regulatory Affairs, the Director of the National Science Foundation, and the Administrator of the United States Agency for International Development. Jim Rickards, a former white house insider who helped craft the petrodollar accord and hosted the first-ever financial war games for the Pentagon,is sounding the alarmand has put together a comprehensive dossier on the full effects of this executive order as well as how to help protect your savings. Unilateral decision-making.Executive orders allow presidents to make centralized decisions, giving the powers that, when over-stepped, could result in an authoritarian regime. The evaluation shall be coordinated through the interagency process described in section 3 of this order. The United States has an interest in ensuring that it remains at the forefront of responsible development and design of digital assets and the technology that underpins new forms of payments and capital flows in the international financial system, particularly in setting standards that promote: democratic values; the rule of law; privacy; the protection of consumers, investors, and businesses; and interoperability with digital platforms, legacy architecture, and international payment systems. Tether says its coin is fully backed, however the makeup of its reserves includes short-term debt obligations like commercial paper, not just cash. 4. Prices of bitcoin surged above $42,000 Wednesday on optimism over the U.S. executive action. The measures focus on six key areas: consumer protection, financial stability, illicit activity, U.S. competitiveness, financial inclusion and responsible innovation. It allows them to act on issues that they deem important without having to go through Congress first. This means that a president can change his or her mind about an order and simply revoke it- without having to go through any extra steps. Increased Productivity. President Biden recently passed Executive Order 14067 on March 9, designed to promote the responsible development of digital assets. also : the person or persons who constitute the executive magistracy of a state. These efforts should include assessments of possible benefits and risks for consumers, investors, and businesses; financial stability and systemic risk; payment systems; national security; the ability to exercise human rights; financial inclusion and equity; and the actions required to launch a United States CBDC if doing so is deemed to be in the national interest. (a) Financial regulatorsincluding the SEC, the CFTC, and the CFPB and Federal banking agenciesplay critical roles in establishing and overseeing protections across the financial system that safeguard its integrity and promote its stability. US President Donald Trump signed an executive order on January 27, 2017. Click here to watch this urgent new presentation from Jim Rickards now. Simply enter your email address below to get immediate access to the report now. Saves time during decision-making. if(typeof ez_ad_units != 'undefined'){ez_ad_units.push([[300,250],'arounduniverse_com-box-4','ezslot_2',109,'0','0'])};__ez_fad_position('div-gpt-ad-arounduniverse_com-box-4-0');Executive orders give presidents a lot of leeway and power when it comes to policy-making. (c) The Chairman of the Board of Governors of the Federal Reserve System (Chairman of the Federal Reserve) is encouraged to continue to research and report on the extent to which CBDCs could improve the efficiency and reduce the costs of existing and future payments systems, to continue to assess the optimal form of a United States CBDC, and to develop a strategic plan for Federal Reserve and broader United States Government action, as appropriate, that evaluates the necessary steps and requirements for the potential implementation and launch of a United States CBDC. The United States has a strong interest in promoting responsible innovation that expands equitable access to financial services, particularly for those Americans underserved by the traditional banking system, including by making investments and domestic and cross-border funds transfers and payments cheaper, faster, and safer, and by promoting greater and more cost-efficient access to financial products and services. Executive orders often set precedence for future presidents when it comes to policy-making. #204 Scottsdale, AZ 85260 Get Directions, Local Phone: 480-459-5597 Toll-Free: 888-812-9892. Further, while the United States has been a leader in setting international standards for the regulation and supervision of digital assets for anti-money laundering and countering the financing of terrorism (AML/CFT), poor or nonexistent implementation of those standards in some jurisdictions abroad can present significant illicit financing risks for the United States and global financial systems. 6. Were in for a major upheaval of the U.S. dollar, he says. The order bans citizens of seven Muslim-majority countries from entering the US for at least 90 days. Web1. (b) Within 180 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of State, the Attorney General, the Secretary of Commerce, the Secretary of Homeland Security, the Director of the Office of Management and Budget, the Director of National Intelligence, and the heads of other relevant agencies, shall submit to the President a report on the future of money and payment systems, including the conditions that drive broad adoption of digital assets; the extent to which technological innovation may influence these outcomes; and the implications for the United States financial system, the modernization of and changes to payment systems, economic growth, financial inclusion, and national security. executive order 14067 pros and cons 1. On March 9, 2022 Executive Order 14067 was signed. Within the ranks of a government, an issue where sides are being taken and one party are not willing to cooperate, using the executive summary, leaders can take a side and compel the other side of opinion to follow the wave. A United States CBDC that is interoperable with CBDCs issued by other monetary authorities could facilitate faster and lower-cost cross-border payments and potentially boost economic growth, support the continued centrality of the United States within the international financial system, and help to protect the unique role that the dollar plays in global finance. In fact, I predict the 3rdGreat Dollar Earthquake has already started, The first was Roosevelt confiscating private gold in 1934, The second was Nixon abandoning the gold standard in 1971, Now, he says, Bidens plan could pave the way for retiring the U.S. dollar and replacing it with this disturbing new alternative., Executive Order 14067 already gives President Biden unprecedented power over the future of the U.S. dollar, he says. Giving investors entire ownership over their assets. The potential of a digital US dollar has many investors concerned about the future of wealth, privacy, and autonomy. President Bidens recent signing of Executive Order 14067 has generated a considerable amount of confusion about the governments stance on digital currency and how its pursuing this potential asset. What is Executive Order 14067? Your privacy and security are paramount to us. Clarification: This story has been updated to clarify that the move by President Biden was an executive action. We will never share your email address, and you can unsubscribe at any time. (iii) Within 180 days of the date of this order, the Attorney General, in consultation with the Secretary of the Treasury and the Secretary of Homeland Security, shall submit to the President a report on the role of law enforcement agencies in detecting, investigating, and prosecuting criminal activity related to digital assets. Executive orders allow the president to sidestep this entire process and implement policy without any compromises. The report should also address the effect of cryptocurrencies' consensus mechanisms on energy usage, including research into potential mitigating measures and alternative mechanisms of consensus and the design tradeoffs those may entail. Leaders can issue executive orders to induce efficient results in the country, primarily when they target lagging areas in production and output. document.getElementById( "ak_js_1" ).setAttribute( "value", ( new Date() ).getTime() ); We do not sell your information. In his critical new presentation, he reveals the shocking truth about Bidens Executive Order. Growth in decentralized financial ecosystems, peer-to-peer payment activity, and obscured blockchain ledgers without controls to mitigate illicit finance could also present additional market and national security risks in the future. President Biden recently passed Executive Order 14067 Privacy Policy. In fact, this provision sets the stage for: Legal government surveillance of all U.S. citizens Total control over your bank accounts and purchases. (b) Consistent with the goals stated in section 5(a) of this order: (i) Within 180 days of the date of this order, the Secretary of the Treasury, in consultation with the Secretary of Labor and the heads of other relevant agencies, including, as appropriate, the heads of independent regulatory agencies such as the FTC, the SEC, the CFTC, Federal banking agencies, and the CFPB, shall submit to the President a report, or section of the report required by section 4 of this order, on the implications of developments and adoption of digital assets and changes in financial market and payment system infrastructures for United States consumers, investors, businesses, and for equitable economic growth. The Medieval Latin root of executive is exsequi, which 105, Iss. It is critical to ensure that digital assets do not pose undue risks to consumers, investors, or businesses, and to put in place protections as a part of efforts to expand access to safe and affordable financial services. Easily unsubscribe anytime. Clay Clark, the author and podcast host, along with Pastor Craig Hagin, discusses Executive Order 14067 with the host of After Dark. In addition, Article 1, Section 7 of the US Constitution forbids either branch from creating or amending laws on their own- which begs the question: what has Congress been doing all this time? 8. Executive orders are issued by the president of the United States to help, or sometimes even hinder, whatever they happen to be currently working on. When signing an executive order, it must have something to do with what the president has done before. Buried inside this order is a sinister provision that could give the government unprecedented control over your money and freedom. Executive Order (EOs) were used since President George Washington but were not mandated to be publicly released until 1900. 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