The "digital dollar" proposal is not about digitization. Dollars are already digital. Banks have digital $ fed accts. Consumers have digital $ bank accts.
Read: Digital dollar is about accounts, not dollars. Every consumer will get direct access to a Fed Account.
🚨 WARNING 👇
Read: Digital dollar is about accounts, not dollars. Every consumer will get direct access to a Fed Account.
🚨 WARNING 👇
The proposal to create consumer digital dollar fed accounts is about removing banks as intermediary dollar dispensaries.
Meaning the Fed can QE directly into consumer accts rather than needing to coordinate through multiple banks and banking cores.
Meaning the Fed can QE directly into consumer accts rather than needing to coordinate through multiple banks and banking cores.
While digital dollar fed accts for consumers may seem like a more efficient way to give $ to consumers in a time of crisis, make no mistake.
Digital dollars are a Trojan horse akin to the Bank Secrecy Act passing in 2001 after 9/11 under the guise of protection.
Buyer beware.
Digital dollars are a Trojan horse akin to the Bank Secrecy Act passing in 2001 after 9/11 under the guise of protection.
Buyer beware.
While Fed Accounts is every FinTech's dream as they desire to sidestep bank intermediaries, it's a Trojan horse for consumers.
Why?
Digital dollar Fed Accounts for consumers basically means the U.S. Government can print (give) $ at any time and burn (take) $ at any time.
Why?
Digital dollar Fed Accounts for consumers basically means the U.S. Government can print (give) $ at any time and burn (take) $ at any time.
Digital Dollar Fed Accounts for consumers is worse than the Bank Secrecy Act. Why?
Because now the Fed will have direct access to all of your financial transactions AND direct control over the ledger.
Goodbye Fourth Amendment.
No warrants. Easy seizure.
Because now the Fed will have direct access to all of your financial transactions AND direct control over the ledger.
Goodbye Fourth Amendment.
No warrants. Easy seizure.
This is unprecedented and should be fought with everything we got.
Digital dollar bill proposal for context
Fiat is fiction. Buy #BITCOIN.
