The U.S. ‘nonprofit’ Digital Dollar Project said on Monday it would launch five pilot programs over the next 12 months to test the potential uses of a U.S. central bank digital currency, reports Reuters.
The private-sector pilots will initially be funded by Accenture Plc (ACN.N) and involve financial firms, retailers, and NGOs, among others. The aim is to generate data that could help U.S. policymakers develop a digital dollar.
Global Banking Giants and the New York Fed are testing the digital dollar in a 12-week pilots.
Citigroup, HSBC, Mastercard, and Wells Fargo are among the financial companies participating in the experiment. According to New York Fed, the project, which is called the regulated liability network, will use simulated data.
The government will know what you have, where you have it, and how you are spending it. It will eventually replace the dollar. That’s the plan. Do you trust the big government with this knowledge?
The bankers are talking about money that has expiration dates. They could stop bailouts and just seize your money.
This is a serious threat to freedom, and the people who represent us no longer care about what we think or want.
Privacy and control of your money are all on the line with CBDCs. The devaluation of the dollar will continue.
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I think it’s time to get involved in bartering groups.
Speaking of banks, this is kinda related…
I just read that many banks lost a lot of value -today – on the stock market
here is a partial list
1. PacWest, $PACW: -30%
2. Western Alliance, $WAL: -25%
3. Metropolitan Bank, $MCB: -21%
4. HomeStreet, $HMST: -15%
5. Zions Bank, $ZION: -10%
6. KeyCorp, $KEY: -7%
and last month 2 or 3 banks also failed…
I admit I am not clear on why all this is happening…
If anyone has more information, please post it or links to it.
I’m not an economics expert by no means, but from what I’ve read, The researchers found Silicon Valley Bank, Signature Bank and First Republic Bank were more exposed than most banks to the risks of a rapid increase in interest rates, which reduced the value of securities like Treasury bills that it held in its portfolios. That set the stage for insolvency when depositors rushed to pull their money from the bank. No one is talking about it, but the taxpayers foot the bill.
Thank you,but why is this spreading to so many banks like a virus?
today another bank almost crashed,
PacWest Bancorp shares tumbled nearly 60% in after hours trading
They are falling one after the other like dominos…
It seems there is more behind this…and so far it is not clear to me what it is.
This needs to be stopped cold, even if there is a run on the Banks to get your cash. If the Government get this kind of control over Your Money, you will have ZERO freedom; the Government will take what it wants when it wants.