The US Federal Reserve begins looking into its own digital currency
Steve Dent
Steve Dent
May 21, 2021, 7:55 am
... View MoreThe US Federal Reserve begins looking into its own digital currency
Steve Dent
Steve Dent
May 21, 2021, 7:55 am
The US Federal Reserve took a step toward developing a digital currency as it announced plans to publish a research paper on the subject. The aim is to gather public comment and get the US play a "leading role" in the development of international standards, said Fed chairman Jerome Powell in a video message.
"To help stimulate broad conversation, the Federal Reserve Board will issue a discussion paper this summer outlining our current thinking on digital payments, with a particular focus on the benefits and risks associated with CBDC in the U.S. context," Powell said. "As part of this process, we will ask for public comment on issues related to payments, financial inclusion, data privacy, and information security."
The announcement takes the concept of a "digital dollar" from a small research project into something potentially larger. The Fed aims to explore how "central bank digital currencies" or CBDCs could fit into the US banking system.
At the same time, the Fed is likely trying to accelerate work toward a potential US digital currency as other nations, particularly China, are farther along. Last December, China announced that select users could spend digital yuan given out in a lottery-type experiment. Digital currency is seen as a way for a China to not just a way to bolster its own monetary system, but as a tool for soft power internationally.
To that end, Powell emphasized that while the US hasn't come to any conclusions on a digital dollar, "we expect to play a leading role in developing international standards for CBDBs," he said. That make take some time, however, as he added that the decision will require "careful thought and analysis" from the public and elected officials.
Let me get this straight... Biden shuts down the XL Pipeline on his first day in office. Now, he sides with Russia and Vladimir Putin on them building a new Pipeline to supply Germany with gass??? Wha... View MoreLet me get this straight... Biden shuts down the XL Pipeline on his first day in office. Now, he sides with Russia and Vladimir Putin on them building a new Pipeline to supply Germany with gass??? What do you want to bet that this crooked bastard got paid off big time. If the truth is known, this is probably the big payoff that him and his sorry ass son have been waiting for.
So much for shutting down XL because of pollution. You sorry asshole, you've sold out your country your whole miserable life. You're a farce and an absolute disgrace to what it means to be an American.
Let me be clear. If I see anyone trying to attack Jewish people, I won't think twice about dumping a mag in your ass.
I just saw a story on the news that shows Rashida Talib is living up to her terrorist Palestinian roots. As much as I detest Joe Biden, I had to laugh as he was accosted on the tarmac by this elected ... View MoreI just saw a story on the news that shows Rashida Talib is living up to her terrorist Palestinian roots. As much as I detest Joe Biden, I had to laugh as he was accosted on the tarmac by this elected terrorist. Everything that is happening in the world today is a direct result of Joe Bidens disastrous lack of leadership. He is giving OUR tax dollars to HAMAS, a known terrorist group.
He also dropped the sanctions against the Iranian regime. Now, they have money to supply the Palestinian Authority with rockets and other weapons such as drones. Lastly, he undermined the Abraham Accords and made it feasible for Arab countries to start funding the Palestinian Authorities again. All because he hates Donald Trump.
I keep asking myself why this is happening. Then I realize, Biden is just a puppet. He is doing what his masters tell him to do. It's all part of a bigger plan that many of us will never know about. It's about control,.... but who's really in control? I'll tell you... God is in control, and His ways are not the ways of man. HE knows the end from the beginning.
We are in the End Times that were spoken of several times in The Bible. If you think it's just a big book of stories, you're about to get a huge surprise. Israel is under attack by most of the world, but there is a remnant that supports Israel and her people. I am one of those remnant. I will never forsake God's chosen people, even when many of them have forsaken him... again.
The time is short. God's elect are hanging on, but it won't last much longer. No man knows the hour or day when Jesus returns, but we can know the season. That fig tree in the parable given in The Bible is now tender. It has set forth fruit and "the harvest" is not far away. Get your salvation settled. Feel free to share this if you agree with me. Either way, nothing will stop the return of "The Son of Man".
Sincerely, James Lackey
What if I told you that Covid19 was just a rehearsal? What if I told you that Anthony Fauci knew ALL ALONG that this was going to happen??? So our reward for calling out this little troll is that NOW ... View MoreWhat if I told you that Covid19 was just a rehearsal? What if I told you that Anthony Fauci knew ALL ALONG that this was going to happen??? So our reward for calling out this little troll is that NOW we don't have to wear a damn mask!!!! Don't forget that he was just saying 3 weeks ago that the masks would be necessary until next year. Something is rotten here and I think his name is Fauci. After all, HE DID approve the funds to the Wuhan Virology Lab from the National Institute of Health.
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