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Government Crypto Currency
Posted on 12/19/22 at 9:42 pm
Posted on 12/19/22 at 9:42 pm
Been hearing the govt will come out with a crypto currency next year. Do you think this is because they know the current dollar is not sustainable since all the money they have printed and they have messed up the interest rates for so long now that they are gonna crash the dollar and move to a new global currency? If so, would you consider cashing in accounts and converting them to gold? Gold will always have some value and will most likely be used to back the new global currency.
10
Posted on 12/19/22 at 10:01 pm to IMATIGERFAN
1971 was the end of the gold standard and we are lot going back.
If the dollar crashes, as you described, the financial fallout will collapse our free market system. Stocks, bonds and the US dollar would crash to zero.
If the dollar crashes, as you described, the financial fallout will collapse our free market system. Stocks, bonds and the US dollar would crash to zero.
Posted on 12/19/22 at 10:08 pm to IMATIGERFAN
They're working on a CBDC.. it'll just be a digital dollar.. but say byebye to any shred of financial privacy.
This post was edited on 12/19/22 at 10:09 pm
Posted on 12/19/22 at 10:19 pm to IMATIGERFAN
It'll just be the dollar digitized baw
Posted on 12/20/22 at 6:37 am to Hulkklogan
I’ll try to barter or trade for things instead.
Posted on 12/20/22 at 7:05 am to IMATIGERFAN
I think they've stated CBDC is about 5 years away. Probably about the time it'll take to destroy the dollar without broad societal collapse. They'll slowly wean off the dollar and introduce CBDC.
Posted on 12/20/22 at 7:41 am to IMATIGERFAN
Y’all are suckers for still posting on this alt right website when we’re moving to a social credit system
I’m already mining cbdb with my Ukraine signs at my house and changing my fb picture to a black square
I’m already mining cbdb with my Ukraine signs at my house and changing my fb picture to a black square
Posted on 12/20/22 at 9:03 am to IMATIGERFAN
quote:No.
Do you think this is because they know the current dollar is not sustainable since all the money they have printed and they have messed up the interest rates for so long now that they are gonna crash the dollar and move to a new global currency?
Just one method for control as they quickly get rid of cash.
Always assume nefarious actions as the safest answer when it comes to the US government.
Posted on 12/20/22 at 9:09 am to Scruffy
quote:
Always assume nefarious actions as the safest answer when it comes to the US government.
I bet y’all are jealous that it isn’t y’all spearheading the nefarious government actions this time
Hopefully y’all get another plandemic soon
Posted on 12/20/22 at 9:42 am to IMATIGERFAN
I been hearing about this for a few years
I figured it was something that the government wanted to do to track money flow and try to eliminate black and grey market payments.
I figured it was something that the government wanted to do to track money flow and try to eliminate black and grey market payments.
Posted on 12/20/22 at 9:50 am to Scruffy
quote:
Always assume nefarious actions as the safest answer when it comes to the US government.
We can't even begin to imagine how this will frick us.
Ration meat purchase to fight climate change
Social credit score too low? No electronic purchases for you this year.
Oh you want to travel? LOL Nope. Your CBDC is blocked from being used overseas.
I mean we can't even imagine the evil they have planned with this.
Only one way out.....
Posted on 12/20/22 at 10:04 am to IMATIGERFAN
Any fiat currency is based on faith and trust in the government that issues it, digital or not. That's the bad news.
Posted on 12/20/22 at 10:06 am to I Love Bama
quote:
Only one way out.....
Hopefully Putin saves us soon
Posted on 12/20/22 at 10:46 am to IMATIGERFAN
The theory is they'll get everyone to switch over by offering incentives (or disincentives).
If you convert your cash in the first 6 months you get 10% extra gov. coins.
If you convert between 6 months and a year you get 1 for 1.
After that is keeps going down to force people to make the change.
If you convert your cash in the first 6 months you get 10% extra gov. coins.
If you convert between 6 months and a year you get 1 for 1.
After that is keeps going down to force people to make the change.
Posted on 12/20/22 at 11:02 am to IMATIGERFAN
quote:I think it is more to do with full scale control via lack of privacy and additional levers to pull to spur economic activity
Do you think this is because they know the current dollar is not sustainable since all the money they have printed and they have messed up the interest rates for so long now that they are gonna crash the dollar and move to a new global currency?
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