Fed Just Revealed Plans for Digital Dollar Replacement

Discussion in 'Finance' started by MJ Davies, Apr 1, 2021.

  1. MJ Davies

    MJ Davies Well-Known Member

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    Fed Just Revealed Plans for Digital Dollar Replacement

    I can't think of anything the government does that works well so it's hard to imagine it being seamless. I also don't like the idea of everything neatly collected in one place for anyone to hack. No, I'm not doing weird transactions. It just seems a bit Big Brother-ish to me.

    What do you think?
     
  2. Injeun

    Injeun Well-Known Member

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  3. MJ Davies

    MJ Davies Well-Known Member

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  4. joesnagg

    joesnagg Banned

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    Don't see it happening anytime soon without some "refinements", to easy to trace payoffs and bribes. ;)
     
  5. Injeun

    Injeun Well-Known Member

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    No one will be able to buy or sell without the mark of the beast(some sort of digital identification process like a barcode from which there is no privacy or escape as far as buying/selling goes)
     
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  6. jack4freedom

    jack4freedom Well-Known Member Past Donor

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    I am a fairly progressive and liberal person politically. However I believe that the Federal Reserve and IRS should be abolished and that our monetary system should be returned to the US Congress as per the Constitution. The idea of a cashless society is abhorrent to me. I also am not a Bible Thumper by any means however I consider this “mark of the beast” quotation to be very a very accurate prediction as it pertains to letting some entity have complete control over our day to day dealings. To me as a long time poker player, I liken such tactics to playing in a game where your opponent knows all the cards in your hand. In my opinion, the IRS, The Federal Reserve, The War On Drugs and all of the legislation created to empower them are tools meant to create total control over the entire population. Bad news in my book. We should, through our elected officials be moving in the direction of abolishing and disempowering these institutions.
     
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  7. Lil Mike

    Lil Mike Well-Known Member

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    The US dollar is already mostly a digital currency. What's the purpose of creating another one?

    I'm not following the logic or necessity of this.
     

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