I’m not sure whether to be happy or terrified that the fed chair and banks have this power. They are normally the criminals but we could potentially be cheering their hesitancy right now because of what we know will happen if these are implemented. Scary times for sure!
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The commercials banks are in charge of the ledger. We are dealing with private bank money here. Most dont realize it. The bankers are in control, making sure all is accounted for. We can change that with blockchain and crypto.
Of course, if a CBDC is implemented, it completely changes the equation, for both industries.
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