Federal Reserve
Bank of America Warns: The U.S. Dollar Is on the Verge of Collapse
The U.S. dollar has long been considered the backbone of the global financial system — a symbol of strength, stability, and trust. But according to Bank of America’s recent warning, that perception is rapidly unraveling. The bank has raised alarms that the dollar is not just under pressure, but on the verge of collapse, after…
Read MoreDigital Currency is Coming to a Country Near All of Us
A Hitchhiker’s View of the Digital Currency Threat The inevitability of a centralized, digital monetary system was all but made certain when Bitcoin and other cryptocurrencies came into being. What seemed like innovation to rescue us from the poorly managed policies and control mechanisms our current monetary systems/governments are infamous for, has put us all…
Read MoreFEDERAL RESERVE Powell warns of ‘some pain’ ahead as the Fed fights to bring down inflation
KEY POINTS Fed Chairman Jerome Powell on Friday pledged that the central bank will “use our tools forcefully” to attack inflation that is still running near its highest level in more than 40 years. In his annual Jackson Hole, Wyoming, policy speech, Powell added that higher interest rates likely will persist “for some time. The…
Read MoreFed Governor Touts FedNow as Alternative to CBDC
The Fed’s upcoming payment service fulfills many of the same purposes as a CDBC. Key Takeaways Governor Michelle Bowman said today that the Federal Reserve’s FedNow service could be ready by mid-2023. She suggested that the payments service addresses the need for a central bank digital currency (CDBC). She also said that the Federal Reserve…
Read MoreNews Bites There is ‘no limit’ to tyranny under CBDCs; Western democracy is a ‘façade’ – Zuby
According to the Atlantic Council’s CBDC Tracker, 105 countries are exploring adoption of a ‘Central Bank Digital Currency’ (CBDC), a digital money that a central bank would control. The United States, for example, is considering a ‘FedCoin’ CBDC. Author, rapper, and public speaker Zuby is against the idea. “This is a very dangerous technology,” he…
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