Fed to Revisit Emergency Powers Playbook
Yep and you can bet the cryptocurrency stable coin is coming on line for The public when they start the process of replacing the old system with the new! You gotta have a crisis to convince the sheple to give away their freedoms every time!
serf
Mr. Powell declined at a press conference last week to elaborate on the Fed’s contingency plans, but he warned of severe damage to the economy and financial markets if Congress waits too long to act. “It’s just not something we should contemplate,” he said. “No one should assume the Fed or anyone else can fully protect the markets or the economy in the event of a failure.”
Central Bank Digital Currencies: A Future of Surveillance And Control
https://www.zerohedge.com/markets/central-bank-digital-currencies-future-surveillance-and-controlmy in the event of a failure.”
As you can guess, account-based CBDCs will be tied to user identities and Digital IDs, and straight off the bat they allow for total surveillance by the State and torpedo any chance of anonymity. For this reason, they are already a favorite among central banks. Given that CBDCs will be centralized ledgers and can be programmable, the ‘digital cash’ token option is not much better in terms of privacy and freedom.
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They will control the digital about like the voting machines.