https://www.barrons.com/articles/th...notice to,now gaining popularity for payments.
Yes, not to be outdone by the Chinese who is creating a digital yuan that some say is the biggest threat to the west: https://www.morningstar.com/news/ma...in-past-30-or-40-years-according-to-kyle-bass
The Fed is now getting serious in creating a digital dollar. So now not only that the money is not backed up by anything but now it won't even exist in physical forms. With a click of a button or a press of an "Enter" key, all the money that you have can have an instant value of zero or a million via instant monetary policy!! Money will no longer be affected by nor a reflection of economic factors such as productivity, interest rate, trade policy. It can have whatever value it wants and anybody who trades with us will have to be forced to adopt our monetary and economic policy, of course just like before, but now even more so. Soon every single country will want to create its own digital currency imprinted with its own economic policy and political, social, psychological and religious aspiration reflecting perhaps its own values and cultures and whatever historical baggage that it wants to carry. And the whole marketplace will just be a battle place to see who can outfake the other with their fake err digital currency.
China contributed to the world with its four inventions. Count this as their fifth. Let the battle of fake err digital currencies begin!!
Yes, not to be outdone by the Chinese who is creating a digital yuan that some say is the biggest threat to the west: https://www.morningstar.com/news/ma...in-past-30-or-40-years-according-to-kyle-bass
The Fed is now getting serious in creating a digital dollar. So now not only that the money is not backed up by anything but now it won't even exist in physical forms. With a click of a button or a press of an "Enter" key, all the money that you have can have an instant value of zero or a million via instant monetary policy!! Money will no longer be affected by nor a reflection of economic factors such as productivity, interest rate, trade policy. It can have whatever value it wants and anybody who trades with us will have to be forced to adopt our monetary and economic policy, of course just like before, but now even more so. Soon every single country will want to create its own digital currency imprinted with its own economic policy and political, social, psychological and religious aspiration reflecting perhaps its own values and cultures and whatever historical baggage that it wants to carry. And the whole marketplace will just be a battle place to see who can outfake the other with their fake err digital currency.
China contributed to the world with its four inventions. Count this as their fifth. Let the battle of fake err digital currencies begin!!
