Dems propose Treasury e-cash, a peer-to-peer electronic cash system
(cryptoslate.com)
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So not the central banks but US Treasury. What's the downside here?
Just to me any electronic monetary system is one of control they don’t like your views off goes through account they monitor most patriots in all E-commerce as it is now all reg flagged articles I’ve read in past on this. A major take away for me on this also is from article
“You’re holding the money on your device. If you lose your device, you lose the money — that’s the risk. Just like you lose your physical wallet on the train, you lose all the money inside the wallet.”
There it is no recovery system in place?
“The pilot program proposed by the ECASH bill will “complement the ongoing efforts of the Federal Reserve and President Biden to explore and advance potential design and implementation options for a digital dollar,” said Lynch. The initiative is not intended to rule out a Fed-issued CBDC, but exists in tandem with the “fedcoin”.
We are inching close af to their OWO currency in plan for ages - to me it’s all about control
https://www.cnbc.com/2021/09/22/the-fed-is-evaluating-whether-to-launch-a-digital-currency-and-in-what-form-powell-says.html
Another good read : https://vigilantcitizen.com/vc-resources/how-this-1963-list-of-communist-goals-is-becoming-a-reality-right-before-our-eyes/
“ Global financial systems” per WEF 5/2021
https://www.rethinkingthedollar.com/prepping-for-a-cyber-pandemic-cyber-polygon-2021-to-stage-supply-chain-attack-simulation/
And from @Ashlanddog earlier in week : https://www.independentsentinel.com/klaus-schwab-sees-everyone-microchipped-in-next-10-years/ ((wonder why ?)) Yep good to have that ch$p in us for financial security I’m sure