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For most of my adult life, globalists and futurists have promoted and envisioned the use of digital currencies and even microchip implants.
Though exciting for those who want to simplify their lives, some of the technology is alarming to Christians, those opposed to The Great Reset, and various anti-government groups.
On Thursday The Federal Reserve released its long-awaited study of a digital dollar, exploring the pros and cons of the much-debated issue and soliciting public comment.
Billed as “the first step in a public discussion between the Federal Reserve and * stakeholders about central bank digital currencies,” the 40-page paper shies away from any conclusions about a central bank digital currency , or CBDC. The report originally was expected in the summer of 2021 but had been delayed.
*Stakeholder owner is a globalist’s concept of moving Capitalism away from shareholders investing in corporations, expecting to receive a return on their money, to an attempt to ensure “equity” for everyone involved with the product or service, including the global family.
The report provides an exhaustive look at benefits such as speeding up the electronic payments system at a time when financial transactions around the world already are highly digitized. Some of the downside issues the report discusses are financial stability risks and privacy protection while guarding against fraud and other illegal issues.
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“We look forward to engaging with the public, elected representatives, and a broad range of stakeholders as we examine the positives and negatives of a central bank digital currency in the United States,” Federal Reserve Chair Jerome H. Powell said in a statement accompanying the report.Top Fed officials appear divided on the matter as the privacy risks, via government ability to track the movement of the money between parties, […]
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