The feds are announcing a US digital currency...

[Gator Fever]

Ok why are they doing this?

Because the dollar's reserve status in the world is being quickly destroyed by the actions taken in response to the idiotic sanctions the west put on Russia?

To give the govt almost unlimited ability to track the flow of money?

To crush Bitcoin and other cryptos?

 

[jfegaly]

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Ok why are they doing this?

Because the dollar's reserve status in the world is being quickly destroyed by the actions taken in response to the idiotic sanctions the west put on Russia?

To give the govt almost unlimited ability to track the flow of money?

To crush Bitcoin and other cryptos?

666. Surely you do understand everything happening is already written.

 

[GhostOfMatchesMalone]

Look for stories in the coming months about how 'unsafe' BTC is. How easy it is to get your money stolen and scammed.

The US will offer it's own alternative....now with MORE SECURITY!

Guess who will be in charge of securiing the financial network? You already know.....the government.

They can't control BTC, so it has to go away and make way for a US-backed network that makes it easier for the US to control the system.

 

[Gator Fever]

Look for stories in the coming months about how 'unsafe' BTC is. How easy it is to get your money stolen and scammed.

The US will offer it's own alternative....now with MORE SECURITY!

Guess who will be in charge of securiing the financial network? You already know.....the government.

They can't control BTC, so it has to go away and make way for a US-backed network that makes it easier for the US to control the system.

I definitely think this is one of the biggest reasons as crypto was growing so quickly.

 

[instaGATOR]

All that can, and in all ways possible (it can't do everything), it's time to return to barter trade wherever you can...

And acquire as much physical property as you can before your paper money stash becomes nothing more than rough unsuitable toilet paper or kindling....

If you put the federal government in charge of the Sahara Desert, in five years there'd be a shortage of sand. --- Milton Friedman.

 

[EvilWayz]

666. Surely you do understand everything happening is already written.

The number of the beast is 999.

Anything you see in a dream is upside down and backwards.

 

[BCSpell]

It will go even further then this. Think about Canada and the seizing of the funds/accounts supporting the Truckers.

Once the US moves to an all digital currency, they will have complete control have who has $ and how much they have and they will be able to take as little or as much of it as they want.