RE: The Central Bank Fallacy And Why CBDCs Are Not A Threat

Very informative piece, Taskmaster. I learned some new things i did not understand fully before. Your quote from Greenspan reminds me of how Ben Bernanke testified in front of Congress that he did not view gold as money..

The absolute idiocy of his comments haunts the US economy to this day, as the "Dollar" was digitized decades ago, and then eliminated from existence through the creation of the Petrodollar backed by Saudi Arabian oil & enforced by the US Military-Industrial Complex.

The fact that it's called a "Central Bank" Digital Currency is the ultimate fear porn tactic. It's ONLY for central banks and their subservient national/domestic banks. They aren't for central bank to central bank transactions - that's what the BIS is for, and has been, since its creation in 1918 following the Treaty of Versailles, to ensure the protection of gold bullion holdings that were previously held in individual "sovereign" countries' banks/treasuries.

CBDCs are a tactic for totalitarian mind control more than anything.

FedNow is merely a 21st century ploy to remove friction between banks, nothing more. It won't compel bank account consumer holders to accept a CBDC as currency, nor will it force conversion to a "Digital Dollar" when the Dollar does not exist in reality. If there are only ~$2.7T-$3T in paper cash in existence, there is 3x as much debt from the US government held by foreign governments and banks. It's all a bad joke at this point

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