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
Video Source
wow😮
One Corporation will control every institution, government,, religion, trade and commerce etc…So many people want to be taken care of….
Try paying for your gas with a chunk of silver😂
Pray and repent NOW JESUS IS AT THE DOOR 🚪 🙏 THE MARK OF THE BEAST SYSTEM IS IN PROCESS NOW. The 10 kings are here Briggs government NWO ANTICHRIST RELGION. DONT BE LEFT BEHIND OR TAKE THE MARK TO BUY AND SELL . DONT LET SATANS ARMY TAKE UR CROWN. HEAVEN IS REAL AND YOU WILL LIVE FOREVER IN HEAVEN WITH GOD OUR FATHER AND NEVER DIE. TRIBULATION IS STARTING AND JUDGMENT ON AMERICA IS HERE. JESUS IS THE ONLY WAY. AMERICA IS GONE FOREVER WAKE UP AMERICA THE RAPTURE IS COMING ARE U READY
Western Countries today have the weakest men ever on planet earth and the most useless women ever too…
If I wanted to rule the world, earth would be my prime target…people don't fight for anything today except to be right all the time,
the right to experiment sexually and the right to have the government hand them free money…