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Biden Goes Full Bore on Digital Currency just like Red China has

serfserf Member Posts: 8,983 ✭✭✭✭


Well it's coming hard and fast now folks,welcome to The new cashless money system under The NWO,in my humble opinion.

serf

https://www.cnbc.com/2022/03/09/heres-whats-in-bidens-executive-order-on-crypto.html

Biden just put out an executive order on cryptocurrencies — here’s everything that’s in it

U.S. President Joe Biden signed an executive order on Wednesday calling on the government to examine the risks and benefits of cryptocurrencies.

It’s a long-awaited directive that has had the crypto industry on edge, not least due to growing regulatory concern around the world surrounding the nascent digital asset market.

There had been reports of a divide between White House officials and Treasury Secretary Janet Yellen leading to delays in the policy rollout.

The crypto market got wind of the executive order overnight after the Treasury accidentally put out a since-deleted statement calling it “historic” and releasing some of the details ahead of time.

Comments

  • mac10mac10 Member Posts: 2,049 ✭✭✭✭

    they want there cut

  • Mr. PerfectMr. Perfect Member Posts: 63,072 ✭✭✭✭

    This is a huge problem. Say the US gov't wants to do what Japan did and devalue the dollar substantially by driving interest rates negative as a cure for international debt. Japan saw residents pull their money out of the bank and put it in their mattresses. Well, if the currency is digital that can't happen. The money just sits online and loses value. Americans go broke while the US makes huge gains in its debt. This is a disaster and it's coming fast.

    Some will die in hot pursuit
    And fiery auto crashes
    Some will die in hot pursuit
    While sifting through my ashes
    Some will fall in love with life
    And drink it from a fountain
    That is pouring like an avalanche
    Coming down the mountain
  • select-fireselect-fire Member Posts: 68,508 ✭✭✭✭

    This will get interesting when inflation goes higher

  • truthfultruthful Member Posts: 1,615 ✭✭✭✭

    Yup. Create a phony cryptocurrency, with a phony evaluation, then use it to pay off the national debt.

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