, known as the digital dollar, saying it would help reinforce the U.S. role as a leader in the world financial system.in March calling on a variety of agencies to look at ways to regulate digital assets, the agencies came up with nine reports, covering cryptocurrency impacts on financial markets, the environment, innovation and other elements of the economic system.said one Treasury recommendation is that the U.S.
According to the Atlantic Council nonpartisan think tank, 105 countries representing more than 95% of global gross domestic product already are exploring or have created a central bank digital currency. Eswar Prasad, a trade professor at Cornell who studies the digitization of currencies, said Treasury's report "takes a positive view about how a digital dollar might play a useful role in increasing payment options for individuals and businesses" while acknowledging the risks of its development.
"These reports focus on risks — not opportunities," the statement reads, "and omit substantive recommendations on how the United States can promote its burgeoning crypto industry, including job creation, improvements to the financial system, and expanded access for all Americans."and other digital assets.
Digital currency is fine...as long as it isn't government issued....not a fan of them regulating what you can and can't by with the stroke of a key.
Getting away from physical money will be our downfall
Bc muh right to privacy
We have got to stop this. Globalism will kill them American dream.
Bad enough we pretty much already have credit based citizen status and physical currency is worthless,but this will solidify the government control over every last cent and track citizen financial activity in real time if implemented! More government overreach into privacy!
Great, Hackers will be all over that.
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Fucking NO.
What does this mean? 🥺
What could go wrong SMDH
Yet when China does it, it’s condemned…I don’t get it
Funny how all the 'conspiracy theories' are becoming a reality, huh? Wake up people! Also, who is the REAL Tyrant/Dictator now? U still proud u voted for biden?🙄 Wait till gvmt says ur not allowed to use $$ today. Don't believe me now. Just wait.
This is very bad!
Yea let's have a government who can't even back the dollar make a digital currency
NONO NO NO NO NO NO I don't want digital dollars. That would mean if no electricity, no spending or buying, no economy. Money needs to be physical.
New world order bby let’s gooo!!!! And ppl think it’s a joke lol
Yup it's part of Executive Order no. 14067 signed this year. Yup, that's right, don't remember seeing this anywhere on MSM.
This is very bad.
An absolute major piece of the Great Reset. Tie it to your social credit score, and it's game over. It's not coming, it's here bay bay.
Don’t think this is a good idea.
Just one step closer to the CCP social credit system. Welcome to Communism
One step closer to tyrannical govt.
ScottAdamsSays Terrible idea
ScottAdamsSays Im down if they get rid of coins…I am not a fan of carrying 2 lbs of it on a daily basis bc of sales tax
ScottAdamsSays Digidollar
ScottAdamsSays We call it the prime dime
ScottAdamsSays Nope.
Nope
ScottAdamsSays “According to the Atlantic Council nonpartisan think tank…” The Atlantic Council is nonpartisan, you say? 😂😂😂😂😂😂🤣🤣🤣🤣🤣🤣
This is for total control…. Sometimes it’s good to be old
We don’t need that bullshit
ScottAdamsSays This might be one of the few items the far left and far right completely agree to hate together.
How will digital drug deals and hookers work? Asking for a friend.
God forbid 🙏🏼
Remember folks. A central bank digital currency (CBDC) can be coded to expire if not used (no saving money), and also coded to not be able to be given/donated to causes the state chooses not to allow... ie, donating to Canada truckers blockade. Fight against CBDC's.
ScottAdamsSays Time to buy gold and stock up on cash.
ScottAdamsSays No thanks
ScottAdamsSays No!
Uh oh.
CASH IS KING!!
ScottAdamsSays No thanks. You can take my middle digit instead.
Soon you’ll be paid in credits, buy things with credits, and controlled by those same credits. They’ll link them to your medical records, social platform. Go to buy something they don’t feel you need, denied. Too much red meat this month..denied. Oh you’ve used you fuel allotment
ScottAdamsSays No valid purpose for this other than to a) tax us more; and b) confiscate our money to pay for their profligate spending & deficits
Sweet! Social credit score, here we come!
File this under things we already know. We allow this and it will be the end of personal freedom.
ScottAdamsSays I'm okay with this as long as I get paid in whatever currency they accept their bribes in.
Globslism
Watch out for the US CBDC to not be the dollar or pegged to the dollar in a dual currency future. Wouldn't it be interesting if this were a way to devalue the dollar and skate on the real burden of paying back dollar denominated debt and obligations?
ScottAdamsSays Steer clear of Anything that Janey Yellen has a hand in. yellendisaster
Shouldn't the voting people approve something like this? Yes. They should.
ScottAdamsSays And we will move one step closer to a civil war…
ScottAdamsSays Not good. Just imagine the Pointy Haired Boss being able to control how Wally spends his paycheck.
ScottAdamsSays
The bright line is giving the Fed the ability to create money directly in the form of bank deposits to individuals, or the TGA, whether BC or the existing dollar. That requires a major change in the Federal Reserve Act. Right now the Fed can only create bank reserves.
ScottAdamsSays A really bad idea.
... isn't that the same as regular dollar in your bank account? 'pretty sure there's no actual paper associated with that (not until i withdraw it from an ATM).
ScottAdamsSays 'I want a 'currency' that the government can shut off with the press of a button' - Said nobody in their right mind, ever
ScottAdamsSays Pure evil, I’d rather have penis cancer than use a cbdc
ScottAdamsSays If true we're two steps closer to perpetual servitude. Do you want the Gov't. to be able to freeze or delete assets, disallow purchases, track everything you're allowed to buy, all conditioned on your political compliance?You won't be able to pray for release, cradle to grave.
ScottAdamsSays Bad bad idea.
This is kind silly. The Eurodollar system, the offshore US dollar monetary system, is already a digital currency, ledger-money, reserve-less, unregulated, outside the control of any central bank.
ScottAdamsSays Central Bank Digital Currencies (CBDCs): ''Digital cash could be programmed to be spent only on goods the government deems to be essential or sensible.'
ScottAdamsSays Wow, your Tweets usually have few comments or replies, this was a winner.
Disgusting
ScottAdamsSays Oh f*ck no.
ScottAdamsSays FJB
ScottAdamsSays Wake up Americans, if they do this your freedoms are toast!
ScottAdamsSays Never! When they get the capability to control how much you spend and what you spend it on THEY WILL!
ScottAdamsSays Yes, let's let the boomers create a digital monetary system. It'll work perfectly.
The Rothchilds make their play
Gotta crush that other digital currency they can't control.....
This is an incredibly bad idea, but that won't stop them.
Monero
Sure, no way the government could remotely mess that up. Right… Right? They should just adopt an already existing cryptocurrency, dogecoin maybe?
Read the Bible.
ScottAdamsSays Is it called visa?
👎🏽👎🏽👎🏽👎🏽
ScottAdamsSays If the Biden administration is willing to save its own people, they will reject digital currency. If they don’t, we know where we stand.
ScottAdamsSays Trudeau shut down bank accounts of people with Unacceptable Opinions. A digital dollar allows Biden to do that instantly for everyone.
Oh that will go well😱
Imagine giving the Biden regime the power to disable your crypto wallet remotely just because you’re deemed a danger to their version of “democracy.” Or, if they one day copy their master China, your “social score” gets below the minimum. Cash is king. No regime can cancel cash.
FUCKBIDEN
ScottAdamsSays Once the Democrats have this, they will be able to track YOU and everything YOU do. Big Brother will no longer even pretend to be fiction.
ScottAdamsSays And then they will literally own you and everything you think is yours
ScottAdamsSays How will Hunter stuff them in a g-string?
ScottAdamsSays Buy physical gold. Always.
Very bad idea. Say good bye to privacy if this happens. Look what credit card companies are doing with gun purchases.
ScottAdamsSays This is one of those things we should overthrow the government for trying.
ScottAdamsSays The end
The Biden Administration is one step closer to making the Yuan the official currency of the USA.
ScottAdamsSays Folks they moving in on you
ScottAdamsSays
ScottAdamsSays Not interested at all
ScottAdamsSays About those 87,000 additional IRS agents……
ScottAdamsSays No.
ScottAdamsSays Yeah, no shit.
Crash it- control it
Seriously this such a bad idea. Do your own research people. This is the beginning of the end.
America has a digital 🖕🏾 for the commie rat Biden and all his administration.
Keep the dollar bills flowing around not digital money
I totally support this... Nothing would crater the Crypto Industry faster... Since nothing is more annoying the Crypto-fanatics online boasting about their alleged pseudo crypto returns, to hear them cry about their REAL Crypto-losses would be comedy gold! BITCOIN GOING TO ZERO!
This doesn’t sound good.