RED ALERT! The Fed Just Asked for OUR Feedback on a Central Bank Digital Currency (CBDC). TELL THEM NOOO!!!!!!
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👀 EYES ON! 👀
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CENTRAL BANK DIGITAL CURRENCY WILL INSTITUTE SOCIAL CREDIT SCORES & COMMUNISM.
THEY WILL TRY TO MAKE CBDCs LOOK NICE TO HAVE AFTER THEY CRASH OUR ECONOMY BUT ANYONE USING CBDCs WILL BE KEPT IN PERPETUAL ENSLAVEMENT FOR THEMSELVES AND THEIR DESCENDANTS FOREVER OR UNTIL THE CITIZENS GO TO WAR WITH THEIR GOVERNMENT. JUST SAY NO!
So you're saying we're living out the plot of Mr. Robot?
I dont know, haven't seen Mr. Robot
A mega corp makes a crypto coin that suprasses the value of fiat. Doesn't include the social credit score stuff but it's a good show. Deals with mental illness and hacking. Creator named his production company Anonymous because of the board inspired story. It was the last show I watched week to week and enjoyed all of the theory crafting fans did. Worth a torrent imo.
If a mega corp owns and controls its own digital coin, its not really a cryptocurrency because it's not decentralized.
Any crypto worth it's salt has its own public blockchains, reaches consensus in a decentralized way, and isn't owned or controlled primarily by the creators or a few wallets.
That said I'll have to check out the show, it looks interesting.
One of the first scenes so I'm not spoiling anything.
Basically got me hooked right out of the gate.
Best tv show ever made!
The crypto community will never embrace this bullshit. "Central" is antithetical to the spirit of crypto
Decentralization, scalability, safe-to-use
This is the way!
You would think so, but look at how many "cryptos" are Centralized like Ripple XRP.
Well XRP is kind of a shitcoin IMO with the great white buffalo hope that banks will adopt it in the Ripple banking system. Not a crypto I recommend people to buy or use. It also doesn't have smart contracts.
Link to fed paper https://www.federalreserve.gov/publications/january-2022-cbdc.htm
I don't even want your current currency.
Me neither, and this is much worse!
The Federal Reserve issued a paper detailing some of their research on the benefits and potential issues with a central bank digital currency issued by the Fed. The crucial part is that they are asking for public feedback on a CBDC and this is a rare window of opportunity to speak into what the central bank does. It is simply too dangerous to allow the power a CBDC would grant to fall into anyone's hands.
Fed Statement
https://www.federalreserve.gov/publications/money-and-payments-discussion-paper.htm
Fed Paper
https://www.federalreserve.gov/publications/files/money-and-payments-20220120.pdf
Feedback Form
https://www.federalreserve.gov/apps/forms/CBDC
SauceFag Here.
Thank you. I was gonna do this if no one else did.
Proud of you!
Central Bank will be gone.
Can you show any sources that indicate the Fed will be dissolved May 2022? I'm very interested in that.
Does this mean I can skip my taxes this year?
The Federal Reserve doesn't audit you or take your taxes, that is the US Treasury
Thank you! I will have a look at these links
Thanks for submitting these links. The Fed made it hard to locate.
No problem! Glad I could spread the info!
My opinion on this?
Bring back Donald Trump!
Also: Abolish the Fed!
YES
Copied from a Reddit Post:
https://www.reddit.com/r/CryptoCurrency/comments/s8tq27/i_read_the_fed_report_on_cbdcs_so_you_dont_have_to/
I read the Fed Report on CBDCs so you don't have to.
TLDR;
I’ve read the new Fed study so you don’t have to. These were my key takeaways:
The Fed does not currently plan to issue a CBDC but they are strongly considering it.
They would not move forward without legislation directing them to do so and there is a clear benefit to the US consumers and economy that outweighs the benefits as compared to the risks.
A US CBDC would give people direct access to digital currency issued by the government – existing digital currencies are controlled exclusively by banks.
A US CBDC could help the unbanked and underbanked gain access to their money without the paying exorbitant fees like they currently do through check cashing services, payday loans, wire transfers, etc.
KYC would be an absolute requirement (despite allusions to privacy in the paper).
A US CBDC would be free of credit and liquidity risk (unlike existing stablecoins).
They would potentially consider limiting the amount of a CBDC that an individual or entity may hold or accumulate in a short amount of time.
Lastly – my impression is that one of their biggest concerns is how an interest bearing CBDC would impact existing financial instruments like T-bills and other bonds although they acknowledge that the cat may already be out of the bag on that one.
I’m a bit long winded, so it turned out to be a bit longer than I expected but it’s still considerably shorter than the actual report. Hopefully it’s helpful to some people.
EXECUTIVE SUMMARY
The Executive Summary identifies the purpose of the paper as “a first step in a public discussion”. It is intended to be a starting point in a public dialog and questions are welcome by clicking here: https://www.federalreserve.gov/apps/forms/CBDC. They point out specifically that it is not meant to signal that the Fed will specifically move to create a CBDC, simply that it is being discussed and considered.
The Background section explains that the Fed has evolved payment technologies over time as the world has evolved starting with a check clearing system, then the ACH system currently used by banks for processing electronic funds transfers and a new system the Fed committed to creating in 2019 called FedNow which is meant to provide 24/7/365 interbank payments.
Due to recent developments they are now considering a US CBDC. According to the document they have been studying this for several years and are continuing to solicit reviews, including from the public as they explore whether or not this makes sense.
The Key Topics covered in the paper are:
INTRODUCTION
Mostly rehashes the previous information and adds one very key item that is one of the biggest takeaways from the paper. That is: The Fed does not plan to move forward in issuing a CBDC without support from Congress and the executive branch in the form of specific law authorizing the issuance of a US CBDC.
THE EXISTING FORMS OF MONEY
They identify the following forms of money and detail the risks and benefits associated with these:
THE PAYMENT SYSTEM
Most US based payments rely on the ACH system or wire transfers to move money around. There is little to no risk in the settlement of these funds because they are either central bank or commercial bank moneys which promotes stability.
Recent Improvements to the Payment System
They discuss improvements in making payments faster, cheaper, more convenient and accessible. Here they reference the RTP interbank network and the FedNow Service which is scheduled to debut in 2023.
With regard to nonbank money they highlight potential risk and instability to users due to a “lack of equivalent protections” although they do not highlight what specific risks they are concerned about.
Remaining Challenges for the Payment System
They highlight that many Americans lack access to digital banking and payment services and that some forms of payment (especially cross-border payments) remain slow and costly. They cite figures stating >5% of US households remain unbanked and an additional ~20% more rely on costly nonbanking services like money orders, check cashing services and payday loans.
They suggest that the fact the traditional banking system does not offer a truly competitive solution to some of these services limits competition and therefore drives prices for these services quite high and that reducing these costs would benefit economic growth and reduce inequality.
DIGITAL ASSETS
They reference cryptocurrencies directly for the first time here and mention that they are not used widely as payment while specifically highlighting limitations on transaction throughput, energy consumption and fraud as potential concerns for existing currencies.
They mention that stablecoins have emerged and are generally used for trading of other digital assets while firms are also exploring ways to use them as a form of payment.
They state that this report will not dive deeply into stable coins but reference the paper put out by the President’s Working Group on Financial Markets (available here: https://home.treasury.gov/system/files/136/StableCoinReport_Nov1_508.pdf - not sure if a link to a pdf is a good idea, so I removed the link but you can copy/paste) specifically noting that concerns about the increasing use of stable coins could lead to issues such as:
The report mentions that there are gaps in regulatory authority that currently limit the government’s ability to reduce this risk and mention that the above linked report from the PWG recommends Congress act to promote legislation which would allow regulation of these markets.
CENTRAL BANK DIGITAL CURRENCY
Here they highlight that they are considering issuance of a CBDC if and only if it can address the issues of concern previously outlined in the paper. Currently physical currency is the only central bank money that is accessible directly by consumers, however a CBDC would also be directly accessible and therefore provide the general public with a second form of currency that is directly accessible.
My editorial note here: This is simply my interpretation of what that last paragraph means. The important part that they are trying to contrast here is that existing digital moneys are exclusively controlled by the banks. You cannot initiate an ACH transfer without the bank actually moving the money for you. The distinction made in the previous paragraphs makes it clear that a US CBDC would be outside of the traditional banking system, ie exist on a blockchain.
They go on to state that they will continue to consider a wide range of options for a CBDC although they are not 100% committed to creating one. These are the key points any US CBDC would need to meet:
Uses and Functions of a CBDC
This simply states that transactions could amount to almost anything but require real-time finality in a risk free manner. They also discuss smart contract functionality although don’t call it out by name by saying “Additionally, a CBDC could potentially be programmed to, for example, deliver payments at certain times.”
Potential Benefits of a CBDC
They highlight CBDCs as a new foundation and bridge between payment services in a safe centralized manner. They highlight again that this would be a direct access to digital money that is free from credit and liquidity risk (My note: I think this is actually a valid point. None of us truly trust Tether to be doing what they say they’re doing. Of course the US dollar is going to devalue over time through issuance of new dollars, but so would existing stable coins and a USD CBDC will always be worth the same as a physical USD and therefore will never completely fail unless the USD does. I don’t trust that a USDT will never crash relative to USD.)
They mention that while existing digital moneys have their own forms of protection, none of these are perfect and US CBDC would specifically manage risk better. This in turn would level the playing field for companies interested in dealing with digital payments and allow innovation in other areas while not having to worry about the risk of accepting digital currencies as they currently exist while allowing for the before mentioned smart contract capability and also making micro-transactions possible on a large scale which isn’t currently feasible with bank moneys.
Improvements to Cross-Border Payments
Like the title says, a US CBDC would potentially be able to make cross-border payments more readily available to the general public.
Support the Dollar’s International Role
They discuss the benefits of having the dollar be the world reserve currency of choice and how modernizing access to it would help to maintain that obviously beneficial position.
Financial inclusion
CBDCs could help economically vulnerable households get access to the financial system due to the speed, security and low cost of these types of transactions. They highlight this particular thing as a high priority for the Fed.
Extend Public Access to Safe Central Bank Money
Here they highlight the fact that while physical cash is the only form of money that consumers have direct access to, very little of the modern world relies on physical currencies which means the banking system is inserted (unnecessarily it is implied) into every transaction. They also note that it would be meant to work along side physical cash, not in place of it.
CONTINUED...
Potential Risks and Policy Considerations for a CBDC
Changes to Financial-Sector and Market Structure
Safety and Stability of the Financial System
CBDCs would be particularly attractive to risk-averse users. One concern, however is that the quick-conversion ability of CBDCs could actually make runs on financial firms more likely or more severe and traditional measures may not prevent such an occurrence.
Design could potentially mitigate this through features such as limiting the total amount of CBDC that can be held or accumulated over short periods.
My note: This seems like a tricky one, on one hand I get the idea that a run on the banking system is limited today by transaction speed and throughput and the fact that the instantaneous finality of a good CBDC could exacerbate things, limiting the amount that one entity can hold or accumulate in a short period of time seems like a kludgy fix that would do more harm than good. I think I will craft a question on this topic as well to submit.
Efficacy of Monetary Policy Implementation
The design of any CBDC would be important. The existing system relies mostly on interest rates to drive policy. Controlling the supply of a CBDC will be fundamentally different than it is with the reserves the Fed currently holds. For example, a surge in demand could deplete the reserves enough to put upward pressure on interest rates. The effect is exacerbated if the CBDC is interest bearing itself and will impact other markets.
The Fed is doing a large amount of research specifically in the area of how to properly manage a CBDC to reach their macroeconomic objectives and this is an area that they expect a lot of new information over time.
Privacy and Data Protection and the Prevention of Financial Crimes
On consumer privacy they just state that intermediaries would be left to address privacy concerns using existing tools. (My note: It does not sound like they really care about privacy in that case) On prevention of financial crimes they note existing reporting requirements (KYC) and will offer the advantage of these existing programs.
Operational Resilience and Cybersecurity
Securing the network is a difficult but important goal. They note the key concern of additional entry points to the system making it potentially more vulnerable than the existing central bank system. They also address a desire to explore the feasibility of an “offline” payment system.
SEEKING COMMENTS AND NEXT STEPS
They reiterate here that there is not a current effort to create a CBDC but will only work towards that goal if it will provide a benefit to the US economy that exceeds the downsides and again, only with support from the executive and legislative branches.
There is a list of questions that they are asking for public comment on as well. You can provide answers to their questions at the same web address linked above for asking questions: https://www.federalreserve.gov/apps/forms/cbdc. Here are the questions:
CBDC Benefits, Risks, and Policy Considerations
What additional potential benefits, policy considerations, or risks of a CBDC may exist that have not been raised in this paper?
Could some or all of the potential benefits of a CBDC be better achieved in a different way?
Could a CBDC affect financial inclusion? Would the net effect be positive or negative for inclusion?
How might a U.S. CBDC affect the Federal Reserve’s ability to effectively implement monetary policy in the pursuit of its maximum-employment and price-stability goals?
How could a CBDC affect financial stability? Would the net effect be positive or negative for stability?
Could a CBDC adversely affect the financial sector? How might a CBDC affect the financial sector differently from stablecoins or other nonbank money?
What tools could be considered to mitigate any adverse impact of CBDC on the financial sector? Would some of these tools diminish the potential benefits of a CBDC?
If cash usage declines, is it important to preserve the general public’s access to a form of central bank money that can be used widely for payments?
How might domestic and cross-border digital payments evolve in the absence of a U.S. CBDC?
How should decisions by other large economy nations to issue CBDCs influence the decision whether the United States should do so?
Are there additional ways to manage potential risks associated with CBDC that were not raised in this paper?
How could a CBDC provide privacy to consumers without providing complete anonymity and facilitating illicit financial activity?
How could a CBDC be designed to foster operational and cyber resiliency? What operational or cyber risks might be unavoidable?
Should a CBDC be legal tender?
CBDC Design
Should a CBDC pay interest? If so, why and how? If not, why not?
Should the amount of CBDC held by a single end user be subject to quantity limits?
What types of firms should serve as intermediaries for CBDC? What should be the role and regulatory structure for these intermediaries?
Should a CBDC have “offline” capabilities? If so, how might that be achieved?
Should a CBDC be designed to maximize ease of use and acceptance at the point of sale? If so, how?
How could a CBDC be designed to achieve transferability across multiple payment platforms? Would new technology or technical standards be needed?
How might future technological innovations affect design and policy choices related to CBDC?
Are there additional design principles that should be considered? Are there tradeoffs around any of the identified design principles, especially in trying to achieve the potential benefits of a CBDC?
I filled out the form and said there will be no "benefit" from the CBDC and it will become a political tool for establishing public policy and oppressing anyone disagreeing with it. The American public has already experienced this from the current banking system. The public is vehemently opposed to any CCP-style social credit system and will recognize the CBDC as such. NO CBDC.
They'll file that right into: Will work as intended for our slave master overlords.
NOTE: The Feds don't explicitly state that the ledger would be public. That may be what they are alluding to when they reference privacy concerns. I'm not sure what it looks like if it's not public though as 24/7 transactions between nonbank financial providers would need some way of being able to verify that the money was really in the wallet they were connected to.
They don't explicitly state a blockchain to be used. They do.state digital wallets that everyone will use.
The CBDC is so that the corrupt bankers can still steal behind closed doors while also having even more control over everyone else's wallets
Intense rundown Cuke. I'm heavily into crypto last 6 years, and this is anti-crypto pure evil but that's expected considering the source and these times we're living in. Full control over lives, a big part of Tribulations. All freedom gone, zilch. For those who don't understand crypto, it's purpose is DECENTRALIZATION from these banksters and their system. It's early and without writing a tome I'll leave it there.
Many people on this site just don't understand that crypto is meant to free you from the banks. Also they can't tell the difference between Bitcoin and other cryptos.
I just want my normal life. Paper currency and coins. That’s it. We need our President DJT
Paper currency and the fiat system is a scam and has been a scam for over 100 years. You just never realized it. We've all been held back like crazy from the fiat money system.
I know, but digital currency is worse. Maybe we need to go back where we did not have any scammers (Rothschilds)
Thinkin of getting a KD-Box but I think they're backordered. Kadena is my focus these days. I used to digg LINK & DOT, but KDA shows major promise by end '22..
https://www.reddit.com/r/kadena/comments/s50xbx/kdbox_solo_mining_got_one_coin_after_an_hour/?utm_source=share&utm_medium=web2x&context=3
I've been hearing about Kadena but haven't looked into it yet. Thanks for the post, looks like a nice one to mine!
It’s written in PACT language so a bit tougher for developers. However if you read the basics it solves Layer-1 Proof of WORK problem whereas BTC & ETH have not. The design is really incredible and word is by end Q4 lookin at between $200-$300/coin. Starting to see more & more being built on it NFTs, Apps etc. Still no Ledger support again lookin at Q4. I’ve been (as many others have) buggin the shit outta Binance to list it, and they will…it’ll blowup then. It was high 50’s in Market Cap before BTC plunge, and topped at over $28 at peak. It puts Solana to shame with 10X transactions/sec vs SOL. Gas fees very low too.
https://kadena.io/
https://youtu.be/83g2Uzp7lVs
Well, we're not here for that. It would be fun to write lessons, but this isn't the place. If people showed interest?
Yeah I'd be more than willing to make helpful posts on cryptocurrency basics if I knew people on here were interested in them.
There Ya go. Me too 👍🏽😎
Thanks for providing this!
No problem! Please pass the information on this post to your friends and family!
Will do.
They really don't give a rat's rear end what you think
They will when rioters are burning down their home and dragging their families out to beat them. You poke the eagle long enough and she'll slash your eye out.
This is really important to respond to.
It still does not address the lies and deception s of the Federal Reserve with regard to its inherent debt and control system.
I will be submitting my response as an absolutely NO. No to CBDC. And further, a call to audit the Federal Reserve to determine why they chose to deceive the American people that they were for the banks of the United States when in truth they already covertly went global. Deception #2.
Deception #1? The fact that the Federal Reserve is a debt instrument in its construct--by design. This was not disclosed to the people. Therefore, like in the case of medical tyranny, there was no informed consent for use of the system. Monetary Tyranny doomed to fail.
Thank you sir. Keep spamming them with NO messages! It'll be open for 120 days.
Never trust a criminal organization.
Just spam the hell of out them doomer
It doesn't sound like one, you think anyone is laughing? There's a bunch of doomers commenting on this post and you sound like one.
/u/catsfive
/u/QANON__17
/u/AutoMod
/u/PolishBaldEagle
/u/bubble_bursts
You do understand that 90% of money transactions occur digitally today. With a few keyboard stokes the Fed could wipe out all your money from 401k's to bank accounts. You and everyone else would be looking under the cushions for food money.
Go to your bank and request your funds in cash. After 2 or 3 days they will give it to you and the place you on the Fed watch list. Put 10k in your pocket and go fly somewhere. If the government decides to catch you then they will confiscate the money and it is up to you to get it back. You might be a drug dealer? They may never charge you and it will cost 5K to get it back.
That is the world you currently live in.
The problem is that they will do away with cash in this system so you have no way to be anonymous and they will take over T bills (Treasury)
Tell them no fed, tell them gold backed XRP!
Gold backed stablecoins is the way!
Hell no. They have done a horrible job regulating and controlling interest rates, gold and silver rates and the stock market. I lost 3/4 of my savings in 2008 and the stock market is sliding as we speak, as is bitcoin.
Bitcoin will fall with wall street since wall street has a lot of bitcoin, but crypto will rise up fast because they have a banking system outside Fed control and can offer CHEAPER LOANS than anywhere you can get in the world. Cheaper loans is the key!
I lost ALL my equity and worse.
The Fed is one of the single biggest scams in history. 1 of every 10 dollars printed gets paid back to the Fed (a company, with shareholders) in interest. They've been financially raping America for over 100 years. But it's nice they would pretend to give a shit about what people want.
Make it clear to them that if they do this, their lives will be in danger. Spam them with fake emails, use VPN&tor, and tell them what you will do if they enact CBDCs.
(Happy merchant rubs hands.)
So cute. Like you think you have a choice.
Of course you have a choice. You can cash out into crypto/gold/silver/bullets.
You can choose to not accept it and to fight back.
Enough people join into rioting and you can drag these slime balls out of their home.
None of these things will stop the Fed from going digital. None of these things will stop your job from paying you in digital Fed currency. None of these things will stop online retailers and brick and mortar stores from only accepting the digital Fed currency. You can go live in the woods and eat squirrels and rabbits if you want too. Or form a militia to terrorize Fed employees. The VAST majority of us won't do that.
Correct, unfortunately.
Until your survival in the short term is directly at stake.
Not even then. The fantasy of everyone living off of the land is exactly that. A fantasy. Millions of people would hunt the woods empty in a matter of just a couple of weeks. Unless you have already prepared yourselves you will be out of luck.
The federal bank is owned by the cabal...this is an opportunity to rid the world of their control forever. Whatever they say the benefits will be will be a lie..we will remain their slaves and there will be a social credit system with the usual Davis billionaires and corporations in control
They cannot control gold silver copper etc or crypto and we could also have gold backed currency.
No cash means they totally control you
Have t you all had enough of that?
As Charlie ward says..the aliens will control the digital currency to make sure it's properly controlled...😂😂😂
Something to consider here: April 2020 the Fed was folded into the Treasury, and that allowed the Fed to be bankrupted by using the ill got gains to finance the stimulus payouts. Just for a thought, that all this is optics to test the will of the people about the Fed. As for me, give me PM backed currency and let the Fed be dissolved..
I myself don't like crypto..goldbacked currency is far better as are metals.
Thanks for info on cryptos
Gold backed stablecoins are the way to go.
Crypto is secure dude. Bitcoin has never had a fraudulent transaction or exploit in its 13 year history.
This is because it
uses Functional Programming that takes away many of the bugs and vulnerabilities cause by regular software using Object-Oriented Programming
is built on a decentralized blockchain where independent actors are always checking each others ledger.
Cardano has a plan for a method of spending crypto without internet access. People will find a way to generate electricity if needed.
It is secure and the burden of proof is on you to find where its not secure. There is a public block chain available that anyone can audit and it is audited every time a new block of transactions is made.
And our current system isn't?!
So are you going to shave off a few ounces of gold everytime you buy groceries? I can calculate prices with crypto back 8 decimal places, makes much more sense to use.
At that point we would be in Mad Max world and shooting each other for resources. I'm pretty certain it won't get to that point because almost all people born in the last few generations are too pussy to even have a fist fight. People will agree upon rules of trade that doesn't involve 10+ min of shaving gold but also doesn't involve shooting each other.
I have a thing and it's called Crypto and Silver. The Federal Reserve must end.
They do, but as you know that wasn't the intention as designed.
That’s awesome, and by 2019 I’m sure you did well? I agree of course, what’s not to agree with? Unfortunately the whales do control it, but the little guy, if savvy, can do ok. I could ramble-on here but gotta scoot to the Drs. Say a prayer…entering enemy territory 😂💥
It's not only just the whales...Tether regularly 'mints' billions of tokens which are pegged to the dollar. They're pulling the same bullshit as the Fed with creating cash out of thin air. It's why stablecoins definitely need some regulation
Thinkin of getting a KD-Box but I think they're backordered. Kadena is my focus these days. I used to digg LINK & DOT, but KDA shows major promise by end '22..
https://www.reddit.com/r/kadena/comments/s50xbx/kdbox_solo_mining_got_one_coin_after_an_hour/?utm_source=share&utm_medium=web2x&context=3
Oh yeah, I read somewhere a while back regarding that. And you're right.
The road to financial ruin is paved with good intentions...
Never invest more than you’re willing to lose. 😎
Some of the guys on WallStreetBets make it a game to see who has the highest loss.
Ha haaaahh beauty 😎👍🏽
They don't dude. You just have to do your research and look at what is useful. Cardano is a great example out there.
They don't "control" crypto like they "control" the banking system. Some may have a lot of influence due to how much crypto they bought up. But they can't "control" it. They can only try to manipulate some of the market. If you are already aware of this then 10% to 20%+ declines in bitcoin mean it's time to buy. This is what I've been doing over the past year and I'm very happy I did.
They don't give 2 shits about what you think. They have a plan and will try and push it forward.
And I don't give 2 shits about their plans, I will push riots. I will not be enslaved.
A Big Bunch of CBDC and US Economy Independent Commentary Video Links
How The CBDC Will Come About | Uneducated Economist
https://www.youtube.com/watch?v=EV4gYCG2qMw
Digital Currency Will Kill The Current Payment System | Uneducated Economist
https://www.youtube.com/watch?v=xvbq_fMzBNg
CBDC = Negative Rates, Cashless Society....."you have been denied"
https://www.youtube.com/watch?v=Zm2X6gk3OOw
Your Next Bank May Be The Post Office, Rise Of The Central Bank Digital Currency | Uneducated Economist
https://www.youtube.com/watch?v=T-iY_A-2aMg
CBDC And MSM Are BFF | Uneducated Economist
https://www.youtube.com/watch?v=nrjA6iqn9qE
The Fed Pushing For CBDC, "Can't Wrap Their Head Around Not Having It" | Uneducated Economist
https://www.youtube.com/watch?v=3wzFaLb4J7I
CBDC Could Force The Commercial Banks To Raise The Interest Rates Paid To Depositors | Uneducated Economist
https://www.youtube.com/watch?v=dY4hfgrdYIo
How The Cantillon Effect Kills The Economy | Uneducated EEconomist
https://www.youtube.com/watch?v=LPEtaXBMG6s
Breaking: Fed Releases Paper On FedCoin (CBDC) | Rebel Capitalist
https://www.youtube.com/watch?v=M4wpsWKP0W0
World Economic Forum Publishes CBDC "Tool Kit" | Rebel Capitalist
https://www.youtube.com/watch?v=CXSQ1xUirSs
Chinese Digital Yuan Gaining Momentum (Is US CBDC Next?) | Rebel Capitalist
https://www.youtube.com/watch?v=zYqcMwaXUoM
Crash the Stock Market or Stop Inflation: The Fed’s Dangerous Predicament | George Gammon
https://www.youtube.com/watch?v=4Ykh1r1aSFY
The Fed Will Buy Stocks Next Crash | Heresy Financial
https://www.youtube.com/watch?v=-ff6m0ztf0k
Japan Signals "No End in Sight" for Money Printer | Heresy Financial
https://www.youtube.com/watch?v=PBaH920_epk
Price Controls will be Worse than Inflation | Heresy Financial
https://www.youtube.com/watch?v=fth_luTgbi0
MacroVoices #306 Darius Dale: Reflation Will Give Way To Deflation | Macro Voices
https://www.youtube.com/watch?v=K3CVCG-FFgo
CBDC vs Bitcoin | FTSE Russell Convenes | Real Vision Finance
https://www.youtube.com/watch?v=jEVHWbhXI-Q
MV #307 Viktor Shvets: Inflation is still a pendulum but will eventually yield to disinflation | Macro Voices
https://www.youtube.com/watch?v=Q6TWk6LBxVs
Whoa Bro, you been BUSY!!
Defeats the whole point of digital currency if it's controlled by central banks.
Better idea, F7CK NO. I'll do private blockchain we really don't need it centralized. We can attach everything to commodities.
In fact blockchain can take over the patents, trademarks, copyrights etc. We don't need centralized regulation. O more now than ever do not want this form of bullshit government t control on us any longer.
Anyone who even suggest the one world way needs to be hanged.
I recommend projects like Ethereum and Cardano. They will keep up with the tech.
I'm glad more people here are researching the crypto space and looking into Cardano, I think it is better in many ways than any other crypto out there. It will be bulletproof by the end of this year.
I do not know how to answer all those crazy questions in the form. It is just for people who invest and know the wording.
The "request" is for optics. It's like elections - they're giving the illusion of the public having a voice but will do whatever they want and say it was what the public wanted.
Still, it doesn't hurt to just tell them NO!
Agree. (Unfortunately, expecting business as usual from them.)
Thanks for the information, I sent the feedback. Main comment was that money is akin to manure and when you pile up too much in one spot it starts to stink.
People need to pay attention to Russia now banning cryptocurrency.
From
https://www.reddit.com/r/CryptoCurrency/comments/s8vkj5/calm_down_false_alarm_russias_central_bank_wont/
Calm down, false alarm. Russia's central bank won't ban crypto
According to cache: https://www.gazeta.ru/business/news/2022/01/20/17170255.shtml (already deleted, but internet and cache remember everything) no one in Russia is going to ban crypto. The news said that the size of the annual bonus of the financial department of the Central Bank directly depends on the citation index in the media. It is for this reason that today they threw in the information about the ban on cryptocurrencies.
Source 1
https://preview.redd.it/5i4us13wcxc81.jpg?width=576&format=pjpg&auto=webp&s=d7cd1696563e4ef365095e7107fab9fc356bc351
Original Source
https://preview.redd.it/ayk47czycxc81.jpg?width=702&format=pjpg&auto=webp&s=1f9bed0c0eecaffc7e604b70d1c9a94c5ed3b8db
Or. Tell them bitcoin already exists.
FUCK THE FED, SAY NO TO DIGITAL CURRENCY!
Yikes ok I’m seriously uneasy now. I don’t own crypto yet it’s been to high, what this will do is incite most to move their funds to BTC if I did own any it would be placed in a cold wallet AWAY from a computer system.
I don't recommend BTC to most people, I recommend Cardano. You want a crypto system that is decentralized, safe, and can handle transactions by billions of people a day. Cardano looks the most promising. They should have a very good system built by the end of this year.
We have already been warned that bitcoin is how human and drug trafficking expenses are paid and that BTC channels are going to be destroyed, haven't we? I don't remember the sauce, but have not forgotten the warning.
Its not true. Bitcoin is a public block chain, it makes drug and human trafficking more transparent.
The current US fiat system allows for much less transparency and shady deals to be made.
The current global Black Market is estimated to be over $10 Trillion. Crypto isn't mentioned at all.
https://www.forbes.com/sites/benzingainsights/2011/11/07/rise-of-the-shadow-economy-second-largest-economy-in-the-world/
Same deal with leaked Panama papers or any whistleblower leak, there's nothing on crypto being used to fund human and drug trafficking.
Also I agree the request is to find data on Americans they really don’t care, it’s a F no but yea they don’t care. President Trump likes crypto but we would have to move to that suggestion.
Why, so they can digitally delete anything I've worked for. FO.
Don't use your real name and email then...
The jews don't control the Fed any more, since circa 2019 (ish) control of the Fed is in the hands of white hats.
This is nothing but theatre.
I hope so!
Remember they will have you arrested to protect their maximum profits. They will repossess your home, car, or anything else to make a extra dollar. They don't understand the word fairness.
Sorry FED, but I don't want anything to do with you. You won't get my feedback either.
TIME TO END THE FEDERAL RESERVE BANKING CARTEL, IT IS NOT PUBLIC, IT IS A PRIVATELY OWNED CORPORATION AND AS SUCH IS AS LEGIT AS ANY MAFIA HAS EVER BEEN.....
I don't want digital currency. I don't like the thought of the Fed being in by business. I think they want us under their thumb.
Yup.
Talk about turning us into Communist China.
They can try but we will still have our guns and wits. It'll be a physical war if they try to force this.
That is why the world dictatorship has not been able to take over. Otherwise, everywhere would be like Australia.