Updated-Possibilities for a U.S. Central Bank digital currency

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Updated-Possibilities for a U.S. Central Bank digital currency

Published: Monday, September 19th, 2022 @ 4:10 pm
By: Countrygirl1411 ( More Entries )

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President Biden often summarizes his vision for America in one word: Possibilities. A “digital dollar” may seem far-fetched, but modern technology could make it a real possibility.

A United States central bank digital currency (CBDC) would be a digital form of the U.S. dollar. While the U.S. has not yet decided whether it will pursue a CBDC, the U.S. has been closely examining the implications of, and options for, issuing a CBDC. If the U.S. pursued a CBDC, there could be many possible benefits, such as facilitating efficient and low-cost transactions, fostering greater access to the financial system, boosting economic growth, and supporting the continued centrality of the U.S. within the international financial system. However, a U.S. CBDC could also introduce a variety of risks, as it might affect everything ranging from the stability of the financial system to the protection of sensitive data.

https://www.whitehouse.gov/ostp/news-updates/2022/09/16/technical-possibilities-for-a-u-s-central-bank-digital-currency/

EO 14067:

Ensuring Responsible Development of Digital Assets

March 9, 2022

The rise in digital assets creates an opportunity to reinforce American leadership in the global financial system and at the technological frontier, but also has substantial implications for consumer protection, financial stability, national security, and climate risk. The United States must maintain technological leadership in this rapidly growing space, supporting innovation while mitigating the risks for consumers, businesses, the broader financial system, and the climate. And, it must play a leading role in international engagement and global governance of digital assets consistent with democratic values and U.S. global competitiveness.

https://www.whitehouse.gov/briefing-room/statements-releases/2022/03/09/fact-sheet-president-biden-to-sign-executive-order-on-ensuring-responsible-innovation-in-digital-assets/

EU is already speeding towards digital currency, digital ID, and biometric systems for tracking citizens.

https://thenationalpulse.com/2022/09/16/the-eu-is-speeding-towards-digital-id-currency-and-biometric-systems-for-tracking-citizens/

Central Bank digital currency is the bullet train to digital concentration camps.

"If you can move every human into a digital concentration camp, empty their bank account any time you want, and tell them what they can and cannot spend money on, you've got complete control"

https://kanekoa.substack.com/p/central-bank-digital-currencies-are

Turning the USA and world into China with digital currencies.

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Conservative Voter said:

( September 20th, 2022 @ 7:38 am )

Digital central bank currency means government control of our money and a huge loss of privacy. It is an authoritarian concept that must be stopped or we will lose our freedom.

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