EPSTEIN-LINKED MIT LAB HAS ALREADY FUNDED 3 CENTRAL BANK DIGITAL CURRENCY TRIALS
An author and political activist shared that the Massachusetts Institute of Technology (MIT)’s Media Lab, which has direct links to child trafficker Jeffrey Epstein, has funded three central bank digital currency (CBDC) pilot (trial) programs, two of which are ongoing and none of which have been covered by the mainstream media.
In contrast with other forms of digital currency, CBDCs require that individuals open bank accounts directly with central banks such as the Federal Reserve, giving governments control over citizens’ access to money and opening the door to unprecedented tyranny.
Aaron Day, author of the 2023 book The Final Countdown that warns of the “imminent” threat of CBDCs, noted in an article for the Brownstone Institute that even before President Joe Biden signed an executive order in March 2022 hastening the establishment of CBDCs, the Federal Reserve was “well underway” in developing CBDCs.
U.S. banks have participated in three CBDC pilot programs relatively recently launched with funding from the MIT Media lab, which has received funding in turn from the notorious financier and sex offender Epstein. Disgraced Joi Ito, the former director of the Media Lab who visited Epstein’s private island according to Slate, also personally benefited from generous Epstein funding.
The three CBDC initiatives are Project Hamilton, Project Cedar, and Regulated Liability Network. They respectively explore the “technical feasibility” of a functioning CBDC, cross-country and bank-to-bank CBDC transactions, and the assignment of digital tokens for all value assets so that all transactions can be centrally tracked and settled by the government and other parties.
Project Hamilton, which was completed in December 2022, was a joint research effort between the Federal Reserve Bank of Boston and MIT into the “technical feasibility of a potential CBDC,” according to the Boston Fed.
Earlier in 2022, Project Hamilton published research on a “transaction processor for a theoretical high-performance and resilient CBDC,” which was developed as open-source research software called OpenCBDC, with “project leaders urg(ing) global contributors to continue working on it.”
Day has pointed out in an interview on The David Knight Show that Project Hamilton essentially developed a form of “electronic cash” issued by the Federal Reserve that would “replace the dollar.”
While Boston Fed executive vice president Jim Cunha said the project was “agnostic” from the start about “any future policy decisions regarding new technologies and U.S. currency,” Biden declared “development efforts into the potential… deployment options of a United States CBDC” to be a matter of the “highest urgency” in Executive Order 14067, signed in March 2022.
Project Cedar is a joint venture of the Federal Reserve Bank of New York, JPMorgan Chase, Bank of New York Mellon, and State Street, along with the BIS and the MIT Media Lab.
Now in its second pilot phase, it is a research effort into the use of a CBDCs within the context of multi-currency, wholesale cross-border payments. Day explained that “wholesale” payments here refer to what are typically high-value transactions between financial institutions including banks and businesses.
https://www.blacklistednews.com/article/85845/epsteinlinked-mit-lab-has-already-funded-3-central-bank-digital-currency.html