U.S.A. CBDC (Central Bank Digital Currency) The New World Order

 

This morning I woke up to article on CNN for Central Bank Digital Currency (https://www.cnn.com/2022/03/11/tech/us-digital-dollar-cbdc/index.html). I had researched this subject a few years ago when other countries decided to go into the same direction. This brought up alot of concerns and red flags. I find it interesting that during this time of uncertainty the Federal Reserve has stepped up the process via the U.S. government/banks to implement the use of Digital Currency (CBDC). This digital currency would allow direct payments to others without a 3rd party as well. False, the true 3rd party is the government. 

The White House President Joe Biden's Executive Order fact sheet on Digital Currency 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/

The red flags for me are the ability for the government to track all purchases and basically your foot print. If we go further into harder times they could limit the our ability to make certain purchases on goods, services, food, fuel, and more. They would have the ability to de-activate or limit the use  of your card if you didn't pay your taxes (state or federal) or if you were not in good standing with debt of any kind. These are all plausible scenarios that could happen.  We would be at the mercy of the government. 

This digital currency would gain wind under its sails with Crypto investors. These investors that are Billionaires/Millionaires also known as whales shift their weight on the daily markets to make massive gains and drops at a heart beat. Making some smaller investors wealthier and others broke. 

It's my understanding Ethereum's block chain technology/platform is the most compatible at the moment for this digital currency CBDC for the USA. This certainly could change in the futiure. They are trying to eliminate the U.S. paper dollar from being created or used. While all this happens Gold and Silver will rise to new heights. But that is a topic for another day.     

These countries have begun or will be using a form of Digital currency CBDC:

China:  renminbi or Digital Currency/Electronic Payments (DCEP) 

Bahamas: the Sand Dollar, a digital version of its Bahamian dollar

The Marshall Islands: plan to launch Marshallese Sovereign

Sweden: piloting a CBDC called e-krona

Europeon Union: European Central Bank (ECB) has also explored releasing a CBDC, the digital euro

Singapore: (MAS) Project Ubin

These other countries South Korea, Japan, the United Kingdom, Canada, and others are considering launching CBDCs as well. 

Here is the possible platform not yet confirmed that maybe used by the USA (below). 

Here is a bit about Ethereum via Wikipedia: Ethereum is a decentralized, open-source blockchain with smart contract functionality. Ether is the native cryptocurrency of the platform. Among cryptocurrencies, Ether is second only to Bitcoin in market capitalization. Ethereum was conceived in 2013 by programmer Vitalik Buterin.