The US economy cannot survive without continuous credit and debt creation. The FED will print more money and the average American will go just that much further in debt. Meanwhile, foreigners lust for the greenback. Their economies are in worse condition than the US... if that's even possible. Someone is going to be left holding the bag...
@StocksWolf752
2 ай бұрын
They do say gold will crash in a liquidity crunch However, many of those holding precious metals are preparing for such an event. So they are unlikely to be forced sellers. The paper market would tank and hopefully collapse.
@StacieBMui
2 ай бұрын
Hearing from an experienced investor who has survived adversity and prevailed is always motivating. It may be frightening when your portfolio goes from green to red, but if you have invested in strong firms, you should maintain growing them and stick to your goal.
@LiaStrings
2 ай бұрын
Impressive gains! how can I get your advisor please, if you don’t mind me asking? I could really use a help as of now
@StacieBMui
2 ай бұрын
Sharon Lee Peoples is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment.
@VictorBiggerstaff
2 ай бұрын
She appears to be well-educated and well-read. I ran a Google search on her name and came across her website; thank you for sharing.
@erock33
2 жыл бұрын
Witnessing what the Canadian government just did should be all the reason anyone needs to make sure cash never goes away.
@ougawougajr.4983
2 жыл бұрын
Boooahhh dat stench. Wohlgemtuh? Wieder mit duschen aufgehoert?
@Roylamx
2 жыл бұрын
erock33, Trouble is cash is only debt-based fiat currency which will soon have no value. The only solution is to awaken the people to the necessity of returning to intrinsic value currency because there is no other way out.
@dinklehimerschlitz9111
2 жыл бұрын
@@Roylamx I agree.
@daddycool980
Жыл бұрын
More right and freedoms taken away
@jakestarr4718
Жыл бұрын
sadly it comes down to corporate companies and how they pay us and retailers and what they decide to accept... we're just consumer idiots
@dasfahrer8187
3 жыл бұрын
The main reason for doing this is to track money easier. Every penny you spend, what it's spent on and exactly how much money you take in will be known to the federal gov't at all times.
@anthonywalker6168
3 жыл бұрын
How on earth are the cartels going to wash money?
@knucklesdragon4040
2 жыл бұрын
It'll help them determine how much you save as well so that can tax that too. TWICE. Once for earning it and again for saving it.
@sir_djii1720
2 жыл бұрын
What is the worse that can happen ? End corruption, tax fraud and middle men ?
@jasonwalker28
2 жыл бұрын
The fed will turn off your credit if the government doesn't agree with your political views. They will also know every single person you give money to. Their will be no ambiguity and we will truly become slaves to the government.
@christianpearson7108
2 жыл бұрын
@@sir_djii1720 becoming more of a slave then already are.
@silvermica
3 жыл бұрын
Digital money run by the government would probably make tracking and seizing your assets even easier! Perhaps at some point in time simply having cash will become a crime.
@svos7559
2 жыл бұрын
Spoiler alert it already is!
@DE_backoffice
2 жыл бұрын
Easy for them to get taxes ! !
@johncherish7610
2 жыл бұрын
EXACTLY that is its real purpose
@jacobnelson6042
Жыл бұрын
Buy Bitcoin, put it on a cold storage wallet, and thank me later. Also go read Edward Snowden’s Substack article titled Your Money AND Your Life to learn more about Central Bank Digital Currencies. It’s free and exposes how CBDC’s are actually fully programmable money.
@danielgrgic1246
Жыл бұрын
Yes, imagine all of the digital dollars being programmed and programmed to have a negative interest rate. Then, it's either you spend or your savings goes down.
@WorldsOkayestSorcerer
3 жыл бұрын
The biggest reason they’re considering it? CONTROL.
@pooglechen3251
3 жыл бұрын
Lol, the Fed already has your monies, but know you get to save 2% on everything since you don't need to pay the credit card companies.
@Yoshi92
3 жыл бұрын
How do you buy illegal drugs at a dealer then? With gold? 😂
@WorldsOkayestSorcerer
3 жыл бұрын
@@Yoshi92 Bitcoin?
@thewanderer4509
3 жыл бұрын
@@Yoshi92 Monero (XMR), Pirate Chain (ARRR), Haven (XHV) and other privacy cryptocurrencies. Bitcoin (BTC) is very traceable thanks to blockchain analysis that private firms heavily developed since Bitcoin's inception in 2009.
@zippydodahquirk9039
3 жыл бұрын
They already control cryptocurrency. Try to buy cryptocurrency stock and don't pay taxes on those gains. See what will happen.
@ajbarb2443
3 жыл бұрын
FED: Printing digital money is cheaper
@aukaming2011
3 жыл бұрын
Wrong.
@manujohn99
3 жыл бұрын
Digital money only means that we are gonna be the personal slaves of FED.
@manujohn99
3 жыл бұрын
@Ayaan K What about handling 1000 million transactions
@moneybags7064
3 жыл бұрын
Bitcoin does this already. Better and DECENTRALIZED
@whathell6t
3 жыл бұрын
@@moneybags7064 But still has a small volume.
@M0neyp0t
3 жыл бұрын
It's all about CONTROL! Monitoring, taxing & restricting your transactions. As an added bonus, your Digital Dollars will have an expiration date.
@kris348ka8
3 жыл бұрын
Why are you worried about it being tracked? If you have nothing to hide there is nothing to worry about. But yea I really don’t like the expiration date thing.
@JenX422
3 жыл бұрын
No retirement or even emergency savings. Complete enslavement until death. I imagine they will have to wipe away assets you currently own so everyone starts at the same amount. Can't have some people sidestepping the communism that have 401Ks and stocks already. "You will own nothing".. that includes the old people.
@vipneat7265
3 жыл бұрын
@Uni Mail that’s a statement and a half from Edward Snowden
@leonardonardulli1654
3 жыл бұрын
@@kris348ka8 you must be so dumb if you don't understand how dangerous this is
@blanktitle198
3 жыл бұрын
@@kris348ka8 you have nothing to hide yet you would not leave your front door open!
@kingadii
3 жыл бұрын
I think this will lead to the ability to cut off your access to finances altogether if they wish to. Right now, you can grab some cash and buy whatever you need from the store but in the future if there’s something you don’t comply with you’ll just get cut off and have no way of surviving.
@alanlineberger6133
2 жыл бұрын
you're paranoid.
@TheLuci915
2 жыл бұрын
@@alanlineberger6133 and you're naive
@alanlineberger6133
2 жыл бұрын
@@TheLuci915 Enlighten me. Based off the post above.
@TheLuci915
2 жыл бұрын
@@alanlineberger6133there's no enlightening you if you don't have enough common sense to not invest 100% of your trust in a government that has been trying to desperately keep us imprisoned for two years. Tell me why they would not want to have full control of how you spend your money. They're already monitoring 600.00+ YEARLY purchases on cash apps to tax us more. It's not about being paranoid. It's about being realistic
@alanlineberger6133
2 жыл бұрын
@@TheLuci915 I live in Ecuador. If you haven't read the news in the past 20 years The drug War has spread like wild fire through Latin America. If you are looking at the monitoring of these electronic payments as tyranny, imagine when the drug dealer in the next town to me is receiving Daily payments of $1000 how thta makes everyone else feel. I apologize You are not paranoid you are rude and self centered
@hydroaegis6658
3 жыл бұрын
IRS would be VERY happy to know every transaction you do.
@parthgutka3454
3 жыл бұрын
Don't they already do? and will it be a bad thing? like you would know who is not paying their taxes.
@pooglechen3251
3 жыл бұрын
sorry you can't order your purple d!ldo from Amazon with cash
@tioswift3676
3 жыл бұрын
@@parthgutka3454 - the irs doesn’t know any single transaction until you tell them. Digital currency might change this
@hydroaegis6658
3 жыл бұрын
People really think the IRS tracks your credit card purchases and your online shopping? What a joke. They literally couldn't even if they wanted to.
@zippydodahquirk9039
3 жыл бұрын
Bingo. Someone gets it.
@simony2801
Жыл бұрын
We would be utter fools if we let politicians do this to us and we would deserve everything we get.
@temitopes7066
Жыл бұрын
Politicians? The fed said they will do it without congress. Remember your money isn’t governed by politicians. It’s ran by the federal reserve. And there is nothing federal about them.
@lukasmiller486
Жыл бұрын
@@temitopes7066 “I care not what puppet sits on the throne of England; he who controls the money supply rules the country.” ___Nathan Rothschild.
@simony2801
Жыл бұрын
@Rob Gucci you need to understand what a government can do with it to remove your liberties before making such a ridiculous statement.
@frontierlandfrank5314
Жыл бұрын
@Rob Gucci you’re brainwashed
@melindabridges4292
Жыл бұрын
Totally agreed but how do we stop them??? Don't see a way...js
@jaredspencer3304
3 жыл бұрын
Crypto: let's make a decentralized, grass-roots, privacy-focused digital currency. Central Banks: agreed, let's make a...digital currency.
@lrtone
3 жыл бұрын
hahahha the fed is actually afraid of crypto. that's the reason for making a new breakthrough to compete
@Ajibolaa
3 жыл бұрын
Then let’s criminalize the very idea we copied.
@zuyo47
3 жыл бұрын
We need to inform the masses quicker lol.. cuz it seems this alone might be enough to convince the average person who knows little to nothing about crypto
@thatchinaboi1
3 жыл бұрын
Little did you know, Bitcoin was a DARPA program. 😂
@youretheai7586
3 жыл бұрын
@@thatchinaboi1 all roads lead to Rome.
@ryanphillips5688
3 жыл бұрын
3 reasons why they want to do this 1. To track your purchases 2. Tax everything 3. Print money out of thin air Bad idea
@nathanaelbartholomew
3 жыл бұрын
The mark of the beast. If you don't have cash, you can be banned from buying and selling. It is like the no mask no entry. No mark, no purchase. Don't be fooled, this is the reason for the locktowns.
@goalazo93
3 жыл бұрын
@@nathanaelbartholomew I think mark of the beast will be after we get used to this digital dollar in our phones for years. Then it will be on our hands in forehead
@nathanaelbartholomew
3 жыл бұрын
@@goalazo93 time is not enough. Things will happen by force. Just like this vazine thing was forced and rushed. You will see the same pattern. This age is coming to an end quickly. Don't relax. They have already installed 5g. Most of their equipment is in order. Watch out! Once they change the way people identify themselves. That will be the serious move.
@order_outofchaos
3 жыл бұрын
They've BEEN printing money out of thin air. But yes you are correct.
@roboticle117
3 жыл бұрын
@@nathanaelbartholomew the book of revelations was not ment to be prophetic, when referring to the mark of the beast they are actually referring to Emperor Nero. The people who wrote the book of revelations had a personal vendetta against Nero, and had to conceal it when writing the book of revelations. Now I don't mean to undermine you, its good to be cautious of what the government is doing but I would not correlate it to "end of the world shenanigans".
@skankhunt3624
3 жыл бұрын
"I believe that banking institutions are more dangerous to our liberties than standing armies. Already they have raised up a moneyed aristocracy that has set the Government at defiance. The issuing power should be taken from the banks and restored to the people to whom it properly belongs." Thomas Jefferson
@johnlee750
3 жыл бұрын
You forgot to quote the fine print: “…as long as they are white and male.” Thomas Jefferson, owner of more than 600 slaves during his life
@tankhurl4312
2 жыл бұрын
@@johnlee750 try to appreciate the quote because it is 100% correct. Also, who cares? You don’t take the timeframe into consideration, that(slavery) has been normalized since the beginning of mankind.
@johngarcia8827
2 жыл бұрын
I was dreading that tired old Thomas Jefferson -slave comment to be used once his name was mentioned...yawn
@MeatsackMiracle
2 жыл бұрын
His final words before passing was "we beat the banks"!
@MeatsackMiracle
2 жыл бұрын
@@johnlee750 and if u were a plantation owner back then you would own them also
@giancarlo_rc
3 жыл бұрын
People in 2008: _The fed has essentially become the finance industry._ *Year 2021:* _lol_
Maybe you'll realize and demand your gold out of your safe, and who are you going to call if the government or some unscrupulous character turns off your digital wallet are you going to take a pic of your phone with another phone
@robertuchman6947
3 жыл бұрын
When the government comes to your house and demands your gold
@ebyrnes97
3 жыл бұрын
So they can track every single transaction 👀
@kneelesh48
3 жыл бұрын
Banks already do that for them. They'll do it directly now
@kirtlander606
3 жыл бұрын
Definitely already happening.
@oldcountryman2795
3 жыл бұрын
OK. Good. Makes crime unprofitable.
@computerlearingchannel4257
3 жыл бұрын
@@oldcountryman2795 what if want to buy a dresser 1000$ from a local. Am i gonna get taxed for that to. With paper money i can buy it without getting taxed
@oldcountryman2795
3 жыл бұрын
@@computerlearingchannel4257 That sounds like a you problem
@enceladus2263
3 жыл бұрын
A digital US dollar means: 1) The government has complete control over what you spend money on 2) You completely lose anonymity This is a terrible idea
@northwestnugget6021
3 жыл бұрын
Welcome to the New World Order where you will own nothing and you will be happy.
@Tarntydon22
3 жыл бұрын
it doesn’t mean that they have complete control over what you spend money on. they can already freeze your assets if they have reason. they have said it is meant to compliment cash (I’m with you though they probably want to phase cash out). we don’t have anonymity now so what anonymity is there to lose? it is perhaps a terrible idea for avg joe on the surface but under the surface it gives FED tools to have better control of price stability and liquidity. and for your avg joe that means avoiding societal collapse. so… maybe not the best idea in the world but give it some merit for what it’s trying to accomplish
@CeoLogJM
3 жыл бұрын
People have been signing off their anonymity for decades. the fact that you are on youtube, is a sign that you have personally reduced your anonymity to a point that was unimaginable even 40 years ago.
@3chunter307
2 жыл бұрын
Agreed. This is grab your arms type stuff.
@michellefoulkes3766
Жыл бұрын
@@Tarntydon22 The only thing that they are trying to accomplish is taking complete control over your wallet.
@edgarplummer6750
Жыл бұрын
Digital Currency scares me because it sound too much like Script Money. Money you can only use at the "Company Store."
@CleverGirlAAH
Жыл бұрын
Yep. "Digital money only accepted here"
@user-ku5xo1ph9l
3 жыл бұрын
What happens when the grid goes down and your phone doesn’t work temporarily or long term?
@icemike1
3 жыл бұрын
Right
@cheetopuffs2580
3 жыл бұрын
This happen in texas like last winter remember even with CASH you couldn't pay for anything cause no register work. So didn't matter if you had cash/Silver/credit/debit card. If the store register don't work then it doesn't matter. In texas most people just gave people free food and then wrote down what they owe and hope the customer pay later
@jamesevangelista6460
3 жыл бұрын
That's the next crisis after this pandemic.
@periclesf.monteirodemacedo7085
3 жыл бұрын
Cold wallets?
@knucklesdragon4040
2 жыл бұрын
@@cheetopuffs2580 What's wrong with mechanical cash registers? Stores used 'em for decades.
@BoyBombay
3 жыл бұрын
because the People's Bank of China has a digital currency
@toddmaek5436
3 жыл бұрын
"John Spartan you've been fined one credit".... Thats why. Personal sanctions if you get outta line.
@echterbezwinger3274
3 жыл бұрын
the wagecage is coming. its YOUR turn to opose it
@Walderstedt
3 жыл бұрын
Digital currency + Social Credit Score = ................YEAH, YOU DO THE MATH.
@kevinyaucheekin1319
3 жыл бұрын
Target rewards aka federal disbursments selectively to reward political supporters or to take money away from political foes much easier.
@SoCalFreelance
3 жыл бұрын
OBEY, CONFORM, MARRY AND REPRODUCE, CONSUME, WATCH TELEVISION
@horacioelconserjeopina3956
Жыл бұрын
@@SoCalFreelance play videogames, eat poison and die alone
@4EyeFoxbody
2 жыл бұрын
End the Fed.
@CMDR.Gonzo.von.Richthofen
3 жыл бұрын
"PROGRAMMED TO EXPIRE AFTER A CERTAIN TIME TO ENCOURAGE SPENDING?!!" Seriously. Yes, encourage spending, and discourage saving. Brilliant plan, government! We will be back to serfdom in no time! 👏🏼.... 👏🏼..... 👏🏼.... 👏🏼.... Edit: that was at 4:02 for reference
@price3216
3 жыл бұрын
Then just invest your money in a stable asset, I'm sure by the time there is a digi dollar their will be reliable stablecoins
@CMDR.Gonzo.von.Richthofen
3 жыл бұрын
@@price3216 I already invest in stable assets, as well as some crypto. I just think it's absurd that people in our government would even consider the notion of a currency that EXPIRES if you don't spend it in time. Currency isn't a coupon. This whole thing is a massive scam by the government and the fed.
@price3216
3 жыл бұрын
@@CMDR.Gonzo.von.Richthofen It's been a scam from the start. Inflation is just a tool with it's downsides and pros, same with expiration, both are similar.
@yatapote
3 жыл бұрын
bitcoin is savings
@josephcafe82
Жыл бұрын
Yes for example I went to a store to get my gas but it had problems connecting I waited same problem after spending 15 min I went to another store after and it said problems connecting. Thankfully I had cash. It gave me the thought that if all goes down what is there to fall back on
@puremusicdaz
Жыл бұрын
No savings, no privacy, no freedom. Say NO to CBDC, always use cash and ditch your apps.
@rbta2545
Жыл бұрын
Cash is suddenly "slow an costly for businesses"?!? Pending transactions, frozen assets, delayed deposits, power outages, down for maintenance, hacking all that's OK 👍
@bubbaandrayearl1678
Жыл бұрын
Those that refuse to take the mark of the beast will not be able to buy or sell.
@cheyennegranger9107
Жыл бұрын
There real reason is to take : in God we trust off the $ ...period. just like on the quarter; they reversed the direction on George Washington face to state we ain't looking towards God. But away from God....come Jesus come
@satantaescandon9277
Жыл бұрын
They did this in Nigeria and only 0.5 percent of the populace signed up. So what did they do... just created a physical cash shortage and forced people onto the system. They were literally starving children to death to force parents to comply.
@BallerDan53
2 жыл бұрын
It would give the government complete control over what you buy and when you buy it. If they want people to spend more, they could set an expiration date to force people to spend their money within a certain time frame. Government doesn't like it when people save. They could also limit you to buying a certain amount of goods or services, like limiting how much gas or food you can buy.
@michaelverbakel7632
Жыл бұрын
And when they impose the digital dollar upon the American public like the Federal Reserve wants, that will be a complete and total loss of freedom. So if the U.S. Federal Reserve controls YOUR money, they will control you. This is coming from a U.S. Federal government that has put the country trillions of dollars in debt and cannot control and waste billions of dollars in spending every year.
@StackBundle
Жыл бұрын
The government has nothing to do with this. The federal reserve isn't a part of the government.
@alanbrados2574
Жыл бұрын
That is why I continue to buy physical gold
@Angieamster
Жыл бұрын
like communist countries basically but in a modern way
@ChristIsKing712
2 жыл бұрын
As I learn more about finance, I understand more and more about why people hate the government, specifically the FED 😌. Power hungry elders who can never have enough. It’s sad to see this and then see a poor man who’s truly content with the little things in life. I’d like to think that the world would be better once I’m gone and time has past… Truth is my kids and grandkids will have to deal with these same BS government authorities.
@svos7559
2 жыл бұрын
Just understand that as long as any politician exists the world will be a bad place.
@isabellaereshki
3 жыл бұрын
"that's not a great way to run a modern global economy" Definition of Modern: anything post 1950... lol
@icemike1
3 жыл бұрын
Modern is now it was now then it's now now
@outpostorange9580
3 жыл бұрын
FED: Tracking money better
@rishabhnarang9757
3 жыл бұрын
Best tagline 😂👌
@albertcamus929
3 жыл бұрын
Like your bank?
@zhang_han
3 жыл бұрын
Might as well, since the alternative is burning countless millions of tax dollars employing government analysts to track the same thing.
@allen-gt5ng
3 жыл бұрын
@@albertcamus929 then gov can regulate what u buy and how much u buy. Banks don't do that
@christopherlamb3817
3 жыл бұрын
Put all my money in the government's hands....seems legit
@acrookedtoes
2 жыл бұрын
the gov already has all the money
@samarshelen6816
2 жыл бұрын
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@babodem2438
2 жыл бұрын
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@babodem2438
2 жыл бұрын
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@kelvinprescott8594
2 жыл бұрын
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@kelvinprescott8594
2 жыл бұрын
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@Fayruzshula
2 жыл бұрын
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@redditor7548
3 жыл бұрын
They want to digitalize the dollar so they can shut down all loopholes in avoiding taxes that can be taken advantage with physical cash
@imyours3549
3 жыл бұрын
And to control people
@vzjrz
3 жыл бұрын
GOOD! Maybe we'll finally get good tax policies.
@lucid_sound_design
3 жыл бұрын
@@vzjrz because we all know how effective those are!!
@vzjrz
3 жыл бұрын
@@lucid_sound_design Don't let perfection be the enemy of good!
@basba_qal
3 жыл бұрын
And, Why TF not. Crime must not pay. Honesty goes a long way.
@ivantan4537
3 жыл бұрын
Digital USD is going to take a long time to implement because there will be a long debate internally in USA before anything gets done.
@knucklesdragon4040
2 жыл бұрын
BUT once it IS done, Americans will be shocked by a cashless society because they "didn't see it coming". Long or short term tyranny is still tyranny.
@colenewaltersmusicandother9330
2 жыл бұрын
I don’t know everything is happening so fast it may be here quicker than we know.
@bobby1970
2 жыл бұрын
They might make an acception and somehow, get it implemented faster than we expect. They will probably bend the rules and do whatever it takes to make it happen.
@bobby1970
2 жыл бұрын
@@colenewaltersmusicandother9330 , that's exactly what's going to happen.
@geoffgesell5385
2 жыл бұрын
They'll crash the economy with hyperinflation and force everyone to switch or make themselves like the hero coming in to save day with debt forgiveness. Just hand over your freedom and assets and let government take care of everything 🤮
@NathanielStockwell
3 жыл бұрын
And every time you jay walk, they would facially recognize you and automatically take the money out of your account
@GoodBoy-qs9we
2 жыл бұрын
Social cred. It's coming to the West faster than people think.
@svos7559
2 жыл бұрын
@@GoodBoy-qs9we It already exists with google, facebook, etc. Their services are going to be a big part of it. And yes the ccp actually does already have a AI judge who can even send you to jail for corruption.
@cmscms123456
2 жыл бұрын
The 'underground' economy will grow even larger, and the IRS will lose all of those tax dollars.
@sanc9808
3 жыл бұрын
"experts say these alternative currencies expose the risk of money and payments circulating outside the watchful eyes of central banks..." that's the real reason 4:37
@Norwegian733
3 жыл бұрын
Yes? Is that wrong? Terror financing, corruption, inflation. Everything can be dodged by some of these currencies. Not a good thing. If you have a normal income and does not have the need to hide stuff from the government.
@theblackharleyquinn7
2 жыл бұрын
👉🏽“Whether the money should be restricted to specific transactions, or programed to expire after a certain time period to encourage spending.” Yikes! I’m very surprised that nobody has commented on that statement around 5:50 yet! 😨This is the problem! The federal government would theoretically be able to have total control over our money should they so choose. If that statement does not disturb you, then I don’t know what will!
@musictosoothe
2 жыл бұрын
money that expires....illegal. What a crock...making money basically worthless. . forcing you to spend before your dollar goes away! If you got to spend it just unload your digital wallet and buy gold ... or bitcoin. So they want to discourage saving... and then they'll complain that the savings rate is low.
@christopheranderson9430
2 жыл бұрын
I'm very deeply disturbed by this. Slapping an expiration date on currency makes having any of it on that digital wallet utterly pointless. Nobody can save and we all stay as broke as a joke.
@LetterSignedBy51SpiesWasA-Coup
3 жыл бұрын
Control is why. They see decentralized crypto as a threat so they are hoping their centralized surveillance coin will be equally popular. Sadly, they will probably be successful.
@Casyfill
3 жыл бұрын
Can you remind me why government control over money is bad, again ?
@nichijoufan
3 жыл бұрын
@@Casyfill are you crazy??? the sole act of tracking it is breaking into our privacy, not only that, but they could add a social credit system with it and boom! usa is the new china
@LetterSignedBy51SpiesWasA-Coup
3 жыл бұрын
@@Casyfill You might as well be saying “remind me again why we shouldn’t have our papers in order for the gestapo.” firstly, government has a long history of devaluing currencies which exacerbates the income gap between the haves and have-nots (because the haves get out of the currency and into other assets). Secondly, government currency is not yours; it is the property of the government and they can take it away from you. Thirdly, privacy. Governments are now monitoring their own citizens and if they fully control your finances, they fully control you.
@albertcamus929
3 жыл бұрын
@@nichijoufan There hasn’t even been a proposal yet and you’re already making assumptions. Lol
@AkumaNoKuma
3 жыл бұрын
Not probably, definitely, and I'm all in
@darktealglasses
3 жыл бұрын
Why FED is considering a digital dollar? Because China has done so.
@svos7559
2 жыл бұрын
To track you!
@xeshii4853
11 ай бұрын
nope coz UN and WEF said so!
@joelruybalid3422
2 жыл бұрын
We should never replace cash with digital money.
@adorabledeplorable5740
3 жыл бұрын
A DIGITAL dollar means goodbye to your individual privacy rights....
@carademarcus
3 жыл бұрын
True but government and companies already have our data that bridge was crossed a long time ago
@carademarcus
3 жыл бұрын
@Dusty Scarole 🤷♂️ government can do what it wants
@carademarcus
3 жыл бұрын
@Dusty Scarole you pay taxes and and don’t say anything no different
@carademarcus
3 жыл бұрын
@Dusty Scarole 🤷♂️
@NunYa953
3 жыл бұрын
ABSOLUTELY NOT! END THE FED!
@reb1339
Жыл бұрын
This is not a good thing. RESIST AT ALL COSTS. They do not have our best interests.
"whether money should be restricted to certain transactions or expire over time" 😳 Ummm, no thank you!
@smoothiesful
3 жыл бұрын
The same was implemented in Zimbabwe
@zhang_han
3 жыл бұрын
You realize this is what food stamps and coupons are right?
@kris348ka8
3 жыл бұрын
@@zhang_han um yea but you don’t get paid in coupons do you?
@zhang_han
3 жыл бұрын
@@kris348ka8 no, and no one is suggesting that should be done.
@mactheo2574
3 жыл бұрын
This actually could be use for something like "Democracy Dollars", whereby every American is given $100 to use as donation money to their voting candidates. This diminish the political influence of wealthy donors and corporations. Pretty cool concept. "Democracy Dollars" can only be used for political donation, and it's either use it or lose it in any election cycle, so that's where the ability to expire money could be useful.
@Susieq26754
Жыл бұрын
Digitaltized banking on your phone is basically begging people to rob you.
@jamesrobbins2708
2 жыл бұрын
Make no mistake about the intentions of a digital currency, it's all about having control of you, tracking your spending and turning off your money if you do things they don't like. Think "green credits" are only for big companies? If this goes through they will be able to turn off your buying power if they determine you've generated to much carbon this month etc. Digital currency should be avoided at all costs! This is directly in like and brought to you by the folks over at the World Economic Form (WEF). Educate yourself on the organization if you haven't already.
@haydenruggiero3860
Жыл бұрын
I love how the concerns about privacy and govt. control over individuals' finances was only 10 seconds of this video. 5:47 to 5:57
@bozimmerman
3 жыл бұрын
WSJ & Fed's understanding of Bitcoin's Appeal: "It's a computer thing, right? We can do that too!" Which, of course, is exactly the opposite of the point of Bitcoin.
@OopsFailedArt
3 жыл бұрын
Problem is that Bitcoin will never be a massive part of the day to day spending for a country like the US. It has two fundamental issues. 1) it’s a deflationary currency. The value increases due to limited supply and therefore rational people hold on to it like other not real spendable currencies like gold. 2) no government in their right mind would ever allow a currency like this to become part of their system if they had any choice. Look what happened to Greece due to being on the Euro. That’s WITH the monetary body being on their side but having other priorities. No one is stupid enough to let bitcoins be used as more than a token part of the economy unless they’re desperate like Lebanon. The block chain technology is the part of Bitcoin that should truly survive the test of time. Like it or not (I don’t particularly) we are going to this model and it will be under government control
@mnlvill
3 жыл бұрын
The FED will do this. They want to track all your money more taxation. I like how they make it seem easy and “free,” we all know everything has a cost. This video is Misleading!
I haven’t seen or heard or someone talking about depositing a check in like 12 years here in Sydney, Australia
@BlackMamba-lt8oe
3 жыл бұрын
bcoz vegemite has made them.dumb
@christianpearson7108
2 жыл бұрын
just used a check to transfer funds fom one bank to another because i tried to do a mobile atm withdrawand was declined...i cant tell you how many times ive been declined digitally.
@bobby1970
2 жыл бұрын
Checks are starting to get rare here in the states also. Soon, there won't be any physical banks.
@akhil-menon
3 жыл бұрын
India has a solution where you don't even need the internet to wire money from one person/business to another. Something similar would work well in rural America
@480darkshadow
3 жыл бұрын
Could you please explain this in more detail?
@shayan_idk
3 жыл бұрын
that cant work because the rest of the 99% of america wouldnt care about it. it works in india because the bankless population is the majority there
@abdu_jilani
3 жыл бұрын
What is it?
@jarjarbinks6018
3 жыл бұрын
Does it have a name? I haven’t heard of this! While I think a digital usd would be quite convenient I would still prefer for it to have a similar level of privacy as my physical wallet has where my cash and my purchases are almost always only seen by me
@joshuacoto9528
3 жыл бұрын
Yeah right lol
@swaygfx
3 жыл бұрын
Yea but we dont like the government so no. We don't need no middle man when it comes to our finances. We're gonna have to pass and go with bitcoin
@cleo1488
3 жыл бұрын
This will make it much easier for the government to garnish your money. The IRS can’t garnish your cash.
@ZenTradeGame
3 жыл бұрын
We already have a Dollar Backed by nothing. Better make sure it’s really backed by Nothing.
It's backed by labor that's why the goons want unrestricted immigration
@willh2739
3 жыл бұрын
Warren: "bogus digital private money" wow.
@manujohn99
3 жыл бұрын
all money is bogus......... stumphead
@Anewuser_6282
3 жыл бұрын
@@manujohn99 all *currency* is bogus, money ≠ currency
@shadoninja
3 жыл бұрын
Ethereum and Bitcoin are public. The Federal Reserve is not.
@manujohn99
3 жыл бұрын
@@shadoninja The Federal Reserve must be removed. Then we wouldn't need Bitcoins
@manujohn99
3 жыл бұрын
@@Anewuser_6282 Then where is money....... Genius
@brandonalbin2450
2 жыл бұрын
The Fed is literally trying to kick out the middle man to be the middleman, Anyways I came here to learn how to trade after hearing on the radio about the importance of investing and how one man gained $340,000 in just two months after investing $150,000. Somehow, this video has helped clarify some points, but I'm perplexed, I'm a novice, and I'm open to suggestions.
@ej372
2 жыл бұрын
Now is not the time to be confused about investments, many people make so much profit from trading crypto, Nft's, stocks, and other financial markets. All you need to do is get the services of a financial advisor. Begin from there.
@sophiaadam9966
2 жыл бұрын
Trading on your own without prior experience can be risky; you could lose all of your money. I recommend that you seek professional assistance because you will not be afraid of losing money and will also learn more.
@brandonalbin2450
2 жыл бұрын
@@ej372 I'm certain I'll require the assistance of an exp ert. Is there anyone that can give me a solid recommendation that I can lookup
@ej372
2 жыл бұрын
@@brandonalbin2450 George Wesley Oliver, a qualified broker, and a very reliable portfolio manager I know comes highly recommended. He has made a lot of money for me and I have successfully withdrawn money from my account, therefore he is really trustworthy and genuine.
@sophiaadam9966
2 жыл бұрын
@@ej372 I know George Wesley Oliver, and he's not like other brokers who start telling you stories and making excuses for why the trade didn't go as planned after you've paid them.
@christazos2182
3 жыл бұрын
I trust a business to run my digital currency than a government….
@ryank3281
3 жыл бұрын
US: The Chinese digital Yuan is a violation of human rights and freedom Also US: The digital dollar is coming...
@oliverallen5324
3 жыл бұрын
The only difference between a digital dollar and a physical dollar is digital dollars are perfectly traceable so the privacy of cash goes away.
@marilynjones9061
3 жыл бұрын
INVESTING IN CRYPTO NOW SHOULD BE IN EVERY WISE INDIVIDUALS LIST, IN SOME MONTHS TIME YOU'll BE ECSTATIC WITH THE DECISION YOU MADE TODAY....
@dannyfrancis5585
3 жыл бұрын
Bitcoin is more profitable investment online, it's infact the best way of earning passive income.
@dannyfrancis5585
3 жыл бұрын
Here in Canada, expert Mrs patricia turner carries out the both orientation and mentorship potential
@sarahwilson9073
3 жыл бұрын
Investing all my saving with Expert Mrs patricia turner has been the best decision that I have taken.
@spencernewman8282
3 жыл бұрын
Wow!!!I’m just shocked you mentioned and recommended mrs patricia turner trading services.
@spencernewman8282
3 жыл бұрын
Mrs patricia turner has been good for me ever since I started with her.
@steverose3435
Жыл бұрын
the number one economic financial issue we have in America the national debt. This smacks of two things 1) to fix our economical issues we don’t want lay blame where it should go and address that. instead let’s pave a new road away from the problem ( out sight, out of mind). 2) who in their right mind feels better leaving the entirety of their money to sit in the hands and complete control of a private bank ( the fed is a private bank) where there would be absolutely no oversight or accountability? This is monetary madness with polished surface.
@HezekiahBlackwell-hb2dw
Жыл бұрын
What about all your money in the bank how would that work if you have digital currency going cashless would be the worst mistake in history the government control your device they can't track cash
@baadhabit
Жыл бұрын
US Govt has never been good at money and managing anything. Can you imagine the waste and abuse that would come from this. Terrible idea. If the Govt suddenly feels like you’re spending too much or not buying the right things they can just turn off your wallet.
@87channels
3 жыл бұрын
U. S. Government : no to bitcoin! Also us government : *this*
@benjaminfisher750
Жыл бұрын
When this happens, it’s game over for any free people.
@sherrellsprowls7804
2 жыл бұрын
Nice content. To me, trading the forex and crypto market is way better than any online investment 💯
@chrissain1395
2 жыл бұрын
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
@Kokoben1
2 жыл бұрын
@@chrissain1395 I will advise you to try expert Mrs Bridget's trading services
@Kokoben1
2 жыл бұрын
🏐🏐🏐🏐 +𝟭𝟰𝟮𝟰𝟮𝟮𝟲𝟲𝟮𝟱𝟳
@Kokoben1
2 жыл бұрын
Tell her i referred you 👆
@michaeltaylor6168
2 жыл бұрын
@@Kokoben1 Wow you really know expert Bridget...? I'm a living testimony of expert Bridget, she has been trading for me for months now
@handyatmusic
2 жыл бұрын
Cash is the monetary equivalent of freedom of speech and freedom of association.
@lemonrand1
3 жыл бұрын
The questions is will FED allow paper dollar to still exist in its current form..with CBDC
@Galaxia53
Жыл бұрын
If they're dumb enough to make CBDCs an actual thing then I imagine they would say that paper money stays but slowly get rid of it anyway. CBDCs would benefit them more than physical money
@DumbledoreMcCracken
3 жыл бұрын
Interest rates should be zero. It may be deflationary. Otherwise we are slaves in the shackles of debt. Interest is criminal theft from people, but the crime is not the stolen money, it is the lack of education of the people. “It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning.” ― Henry Ford
@DumbledoreMcCracken
3 жыл бұрын
@JMB b not if you can't make the payments.
@lbaker3602001
3 жыл бұрын
Back in the 90's a bank teller wrote a program that would add a half a Penney to a bogus account every time the Bank computer made a transaction. The only way they caught him, was when he closed out the account.
Imagine they get into controlling which transactions go through and which don't. E.g., man convicted of DUI can make ordinary purchases, but Fed won't permit them at stores that sell alcohol. Surprise! Some grocery stores sell alcohol. There are so many ways government could screw this up. I hope they stay out of it.
@Ibn_Abdulaziz
3 жыл бұрын
@@PeterLawton Alcohol ban would be great though.
@PeterLawton
3 жыл бұрын
@@Ibn_Abdulaziz that is a perfect example of what I am talking about. People with my private info may judge me when it’s not their business. I drink alcohol now and then, and I gather that you do not. I respect your choice for you, but enjoy my freedom to choose. I do not wish to impose my judgement or choices on others.
@sd.cali.6197
Жыл бұрын
The best way to track people down is like this.. they will know absolutely everything about us
@martinclark6952
3 жыл бұрын
5:45 "how anonomous?" try completely but of course it wont be. Expiration? imagine having money that goes bad as fast as bananas how ridiculous
@luckyluc25
Жыл бұрын
After what happened to FTX, I'm really not for digital currency. There are just to many corrupt people in this world, and all someone would have to do is go in and make it all $0. What do we do when that happens and we have no proof of your savings? And don't tell me that won't happen because banks, and big businesses, are hacked all the time.
@stachowi
3 жыл бұрын
Tracking and taxes.
@forreal2398
2 жыл бұрын
Having CASH is the only way to run a MODERN global economy period
@zetajolyne3689
3 жыл бұрын
Digital RMB has set up test areas in Shenzhen, Shanghai and Beijing. Now if you are Chinese citizen and long living in Beijing, after the verification you will have a ¥200 pack in digital only from Beijing city govt.
@svos7559
2 жыл бұрын
Wow 1.75 usd
@saqibmudabbar
3 жыл бұрын
One they make it they say the Chinese copied us again! When we know digital rmb already exists. And has been in use for quite sometime.
@truthseeker7061
3 жыл бұрын
FED : China marginalized economy is prove that alternative payment is a risk of an ongoing and monopolization of ecosystem Also FED : imma digitize your pocket wether you like it or not 🗿
@isabellaereshki
3 жыл бұрын
they should not even be talking about money that potentially expires. that should not even be a subject of discussion. its difficult enough to try to earn a living as it is, with people having to live with roommates or work multiple jobs to make ends meet, money that expires on top of all the existing difficulties is just beyond words and filled with expletives at just the thought of it being considered.
My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up
@H奧維
2 жыл бұрын
I have heard a lot about investments with Jane and how good she is, please how safe are the profits?
@H奧維
2 жыл бұрын
@Lisa Manda wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.pls
@H奧維
2 жыл бұрын
Pls how I can get in touch with this Expert Jane?
@H奧維
2 жыл бұрын
@Bernard Wayne Thanks for his info I'll contact her right away☺️
@estherjack6027
2 жыл бұрын
I've never seen someone as perfect as Mrs Jane she knows how to analyze trade, and with her strategies she has earned me €16,835 in 18 days of working with her
@computerlearingchannel4257
3 жыл бұрын
The money system is good already. Just stop printing so much dollars
@keitatsutsumi
3 жыл бұрын
Senator Warren didn’t explain *anything* about how a digital currency would work in the US. Not her fault, get an EXPERT to talk about it…
@kidvicious2227
Жыл бұрын
No tax free money anymore. Everything will be taxed to the max in a system like this
Imagine waking up to all your digital money gone because of a glitch
@kulendup.4744
Жыл бұрын
Or worse the government shut your account down.
@highonsmog
3 жыл бұрын
Average American has $400 saved, meaning that banks aren't getting rich off our savings, but off the fractional system and our interest payments on thin air loans. Also, the point of real money that expires is draconian as it forces bogus transactions and profitless investments, as the seller knows you are forced to spend, and the rich will crush the middle class and lower class investor.
@CleverGirlAAH
Жыл бұрын
Not to mention insider trading and tracking of movement of money-- Cause Congress never profits off of knowing how cash is flowing, right?
@PranavMuktevi
3 ай бұрын
banks get rich by loans, and every American i know has some sort of loan or credit card debt, saving aint going to help much . The banks reserve ratio is zero for deposits now so they can print as much as they want
@johnortizbaez1638
2 жыл бұрын
CBDC = Central Bank Digital. The only way forward is with sound money. ( aka - decentralized and limited digital currencies ). Centralized banks are the ones that are devaluing the dollar by constantly printing more money.
@kakaderaunak
3 жыл бұрын
Before getting into this complicated network of CBDCs, fiscal and monetary policy experts in the west must read about the UPI system running in India.
@sugat0
3 жыл бұрын
UPI is still based on cash. It replaces Visa and MasterCard but still requires bank account. CBDC you don't need bank account. You have direct account with central bank. Also CBDC can work offline without internet connection. UPI is restricted to payment .But CBDC has benefits beyond payment.
@shayan_idk
3 жыл бұрын
they definitely explored the idea lol. it would be even worse than the current system
@aleksandersuur9475
3 жыл бұрын
With CBDC-s a system like UPI is unnecessary, you don't need a way to transfer money between n x n payment platforms if everyone can just have an account at central bank.
@PranavMuktevi
3 ай бұрын
bro this is completely different stop spamming upi everywhere, like it is a invemntion Chinese has it long back before we do, cbdc is different i would suggest book on digital currencies if you want to read it explains all about it- the future of money- eswar s prasad
@maryrenaud6732
Жыл бұрын
This is a pro-CBDC commercial. Nothing is stated about the privacy of transactions which is absolute with cash. The idea that I would be forced to spend it or lose is offensive to me as a senior who need savings for future medical or other expenses. The right to privacy enshrined in the USA Constitution could easily be lost if the Central Bank via a CBDC can control what you spend, what items you can/or cannot buy, or simply suspend your account because your ‘social score’ akin to China’s slave system, is not high enough. Potential abuses are unlimited. What if they don’t like your religion or your vaxx status or anything else? Suddenly you have no money?
@PraveenNair123
3 жыл бұрын
The reason for the success of digital currencies is that it can be used as a medium to transact bypassing the government channels. Also digital currencies have a technological backbone that controls it's quantity under circulation (it won't inflate like ordinary currencies). CBDC's looks like printed currency in digital form.
@CeoLogJM
3 жыл бұрын
The success of digital currencies comes from criminals and speculation, we aren't even close to feeling any sort of effects concerning stuff like quantity under circulation. There just aren't enough real products in the crypto space to talk about any real business being done with those mediums. Maybe in 20 years, when we have God knows what tech and government control, might crypto currencies become something that could be useful, but we could just as well see a worldwide crackdown, especially after a big enough crypto crash.
@ots5891
Жыл бұрын
@@CeoLogJM Trump was also saying the same thing until he started raising campaign funds with his sale of NFT, traded obviously in Ethereum. People like you are gonna be the first victims of the CBDCs if you don't catch up to innovation
@-Now_or_Never-
Жыл бұрын
Imagine having an expiration on your money “ THINK about that for a minute” let it sink in ….. read the articles , the purpose of having an expiration is to create more spending in the economy, so what’s happens when your money expires lol like magic it’s gone , thanks for playing “ freedom to do what we tell you”
@jaymarx
3 жыл бұрын
Can we finally simplify tax process? getting rid of the leeches in our society, finally be more efficient?
I'm glad Texas is legislating a gold backed currency that is going to give us an option. I will not conform to this beast system. F CBDC and F Brandon. 🐑
@jaymarx
3 жыл бұрын
If we move forward, what else we can use to mock China in the future?
@moov9455
3 жыл бұрын
biggest LOL
@johncarmelo555
2 жыл бұрын
They can also freeze your funds or deduce if your not a good citizen
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