The Fed’s Plan To End Money | CBDC | What You Need To Know.
CBDC stands for Central Bank Digital Currency. It is a digital form of a country’s fiat currency that is issued and regulated by the central bank. CBDCs are intended to be a digital representation of the traditional currency, allowing for electronic transactions and payments while being backed by the central bank’s authority and monetary policy.
A CBDC system could potentially compromise individual privacy, as transactions would be recorded and monitored by the central bank. This level of surveillance could raise concerns about the misuse of personal financial data or the risk of governments gaining too much control over citizens’ financial activities.
Introducing CBDCs could disrupt the existing financial system and present risks to financial stability if not implemented and regulated carefully. Issues such as bank runs or destabilizing shifts in capital flows might arise, and the central bank would need to navigate these challenges to ensure the smooth functioning of the economy.
Not everyone may have equal access to digital technologies required for CBDC use, potentially excluding certain segments of the population, particularly those in remote or underprivileged areas. This could exacerbate existing economic inequalities.
A digital currency system is vulnerable to cyber-attacks, and a successful attack on a CBDC could have far-reaching consequences for a country’s financial system and economy.
CBDCs could reduce the role of commercial banks, leading to potential disintermediation and affecting their ability to provide loans and financial services to the public.
Implementing CBDCs would require central banks to strike a balance between ensuring financial stability and implementing effective monetary policies. The complexities involved in managing money supply, interest rates, and exchange rates in a digital currency ecosystem could be challenging.
The introduction of CBDCs could have geopolitical implications, affecting cross-border transactions and potentially challenging the global dominance of certain currencies like the US dollar.
Speaker Gregg Reese
#CBDC
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I wish to work with u some Day
There all currupt , and they can stop it , your credit at any time and also take it off you 👍
The world elites own the banks , rocker fellows , and that's what they want cashless society, credits
Digital currency is so stupid no way to honestly track that its bs
Yep! You guys know what you're talking about! The Federal Reserve is a private corporation… They're communists and Marxists… The Rothschilds and cabal run the show… Not saying all the Rothschilds want to be the way some of them are. Shit, there's so many of them! I heard their real name was Bauer… Who knows? All I know is, you guys know what you're talking about… Some people just don't know, manipulated, don't do any research. They listen to the mainstream media, which is mostly run by the CIA… Anyway, I'm talking too much. 😉 But I tell it like I see it… And you guys did a great job of showing it and saying it! You all have a great evening, and God Bless you!