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Digital Dollar? Fed Begins Debate on New Way to Control Cash

WHOA.

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For decades, the American people have wondered about the safety of our currency.  Sure, the US Dollar has long been considered the “gold standard” of international fiat, but even using that phrase colloquially raises questions.  Specifically:  Is there still any gold backing our bucks?

On paper, no.  Our nation is now operating in the realm of “legal tender”, thanks to the regrettable decision to remove the actual, physical gold from the equation years ago.  But, worse still, is the sinking reality that even Fort Knox’s stash may not be what we believe it to be any longer.

All of this monetary meddling has Americans rightfully worried, and the latest news out of the federal reserve is even worse.

The Federal Reserve finally released a much-delayed paper yesterday opining on the pros and cons of developing its own central bank digital currency (CBDC), but without coming to any firm conclusions.

Around the world, there are now 23 CBDCs either in pilot or formally launched. They have morphed from a theoretical concept into real-world digital cash, changing the way governments and millions of people use money — but not in the U.S.

There was no telling which way the fed would lean as of yet.

Although the Fed’s paper doesn’t advocate one way or another on whether the U.S. should begin development, the language used in the paper indicates that it’s very open to the idea, Josh Lipsky, director at the Atlantic Council’s GeoEconomics Center, tells Axios.

But for a nation that is already mired in a number of financial schemes and scams, (the Federal Reserve and the stock market perhaps being paramount among them), the news certainly isn’t going to help any of us sleep better at night.

 

Opinion

NEW NATO NARRATIVE: Ukraine Can ‘Win’ War with Russia

Know one would have even considered the possibility 3 months ago.

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Well that is one heck of a turnaround, eh?

We’ve gone from watching Russia amass an enormous fighting force on the borders of Ukraine, (all while telling the world that it was all routine and to butt out), to watching those same tanks and personnel roll into the sovereign neighboring nation, all the while worried that Russia would simply steamroll Kyiv and take the whole country for itself in a matter of days.

Nearly three months later, and that story is changing…and dramatically.

Ukrainian forces say they have pushed back the Russian military in the region around Kharkiv in northeastern Ukraine, and near the border with Russia, continuing a counteroffensive that has prompted Russian troops to withdraw from around Ukraine’s second-largest city.

Then came a surprising suggestion.

NATO’s Secretary-General Jens Stoltenberg said Sunday that “Ukraine can win this war” following an informal meeting of the group. His comments came after Finland announced it would apply to join the military alliance in what marks a historic move for the traditionally neutral Nordic country.

Joining the military alliance will “maximize” Finland’s security after Russia’s unprecedented invasion of Ukraine in February, President Sauli Niinisto said.

Sweden is expected to follow suit with both applications likely to enflame tensions between NATO and Russia further. Moscow warned last week of “retaliatory steps” if Finland joined the alliance.

Ukrainian President Volodymyr Zelenskyy is drinking the proverbial Kool-Aid as well, having claimed that Eurovision will be able to hold its enormous, annual songwriting competition in Mariupol next year.

 

Well that is one heck of a turnaround, eh? We’ve gone from watching Russia amass an enormous fighting force on the borders of Ukraine, (all while telling the world that it was all routine and to butt out), to watching those same tanks and personnel roll into the sovereign neighboring nation, all the while worried that Russia would simply steamroll Kyiv and take the whole country for itself in a matter of days. Nearly three months later, and that story is changing…and dramatically. Ukrainian forces say they have pushed back the Russian military in the region around Kharkiv in northeastern Ukraine, and near the border with Russia, continuing a counteroffensive that has prompted Russian troops to withdraw from around Ukraine’s second-largest city. Then came a surprising suggestion. NATO’s Secretary-General Jens Stoltenberg said Sunday that “Ukraine can win this war” following an informal meeting of the group. His comments came after Finland announced it would apply to join the military alliance in what marks a historic move for the traditionally neutral Nordic country. Joining the military alliance will “maximize” Finland’s security after Russia’s unprecedented invasion of Ukraine in February, President Sauli Niinisto said. Sweden is expected to follow suit with both applications likely to enflame tensions between NATO and Russia further. Moscow warned last week of “retaliatory steps” if Finland joined the alliance. Ukrainian President Volodymyr Zelenskyy is drinking the proverbial Kool-Aid as well, having claimed that Eurovision will be able to hold its enormous, annual songwriting competition in Mariupol next year.  

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Opinion

Biden Approval Crashes Again, This Time to Historic Low

This is just sad at this point.

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Look around your country.  See the struggle in real time.  Watch how hard it is for the rest of this nation to get to where they need to be, every day, and ask yourself “why does it need to be like this?”.

And then realize that all of this trouble is coming to America in what was supposed to be the launching months of a new “roaring twenties”; as COVID faded and the economy roared back to life, America was poised to be a global show for the ages.

Instead, the last year and a half have been filled to the brim with turmoil and strife and not much nice.

US President Joe Biden is taking his lumps on account of it.

An NBC News poll released Sunday shows Biden’s job approval rating has plunged to a fresh low, with just 39 percent of Americans approving of the job he’s doing and 56 percent disapproving.

This was a new milestone for the reluctant leader.

Those numbers represents the lowest mark of his presidency.

Inflation, the economy and border security are the three main areas where voters see Biden failing them. The overall cost of living is standing as the public’s top issue.

Biden’s approval rating has experienced a few brief reprieves over the course of his presidency, but has continued on a steady decline almost from the start.

Look around your country.  See the struggle in real time.  Watch how hard it is for the rest of this nation to get to where they need to be, every day, and ask yourself “why does it need to be like this?”. And then realize that all of this trouble is coming to America in what was supposed to be the launching months of a new “roaring twenties”; as COVID faded and the economy roared back to life, America was poised to be a global show for the ages. Instead, the last year and a half have been filled to the brim with turmoil and strife and not much nice. US President Joe Biden is taking his lumps on account of it. An NBC News poll released Sunday shows Biden’s job approval rating has plunged to a fresh low, with just 39 percent of Americans approving of the job he’s doing and 56 percent disapproving. This was a new milestone for the reluctant leader. Those numbers represents the lowest mark of his presidency. Inflation, the economy and border security are the three main areas where voters see Biden failing them. The overall cost of living is standing as the public’s top issue. Biden’s approval rating has experienced a few brief reprieves over the course of his presidency, but has continued on a steady decline almost from the start.

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