The Federal Reserve is open to creating a digital dollar

Lovin Jesus

Well-Known Member
(This is it. If this goes through it's a matter time for a global central bank of all digital currency.)

The Federal Reserve finally released a much-delayed paper yesterday opining on the pros and cons of developing its own central bank digital currency (CBDC), but without coming to any firm conclusions.

Why it matters: Around the world, there are now 23 CBDCs either in pilot or formally launched. They have morphed from a theoretical concept into real-world digital cash, changing the way governments and millions of people use money — but not in the U.

Between the lines: Although the Fed's paper doesn't advocate one way or another on whether the U.S. should begin development, the language used in the paper indicates that it’s very open to the idea, Josh Lipsky, director at the Atlantic Council’s GeoEconomics Center, tells Axios

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https://www.axios.com/the-federal-r...lar-5f332697-b3f5-4e59-b542-ab1f5ca79d3b.html
 

Tall Timbers

Imperfect but forgiven
I'm thinking that with regards to the USA, if any branch of govmint has the authority to authorize a new type of currency, it would be Congress, and specifically the House of Representatives. The Fed making such comments would be reason enough to fire everyone in the Fed and either start over or abolish the Fed (in a sane world).
 

Lovin Jesus

Well-Known Member
Sounds like they are heading for cashless. OWG/OWR=New World Order! There will be New World Order when Jesus comes back to rule and reign.
“In the time of those kings, the God of heaven will set up a kingdom that will never be destroyed, nor will it be left to another people. It will crush all those kingdoms and bring them to an end, but it will itself endure forever."
Daniel 2:44
 

Mocha Latte

Well-Known Member
Once they have a digital currency they will have the ability to monitor and control all transactions. No more cash transactions. Just think, if you exceed your carbon allotment for the day/week/month or if your social credit score doesn’t comport with their woke standards they can shut you off or dictate your spending (of your money that you earned and payed taxes on).
 

3 Nails 4 Given

Sinner saved by the blood of Jesus
On a original artist’s rendition of what a minted Bitcoin would look like is the inscription, “In Data We Trust”.

One has to look no farther than that image to see who their father is.
 
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