• Latest
  • Trending
Federal Reserve Details ‘Digital Dollar’ Plans

Federal Reserve Details ‘Digital Dollar’ Plans

06/20
Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

05/29

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

05/27
FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

05/27
Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

05/27
Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

05/27
Biden Prostate Cancer

Joe Biden Prostate Cancer Diagnosis Shocks Nation

05/27

10 Moments Pope Francis FAILED Christians; Key Actions that Drew Backlash

05/27
McIver Assault on ICE Officers Sparks National Outrage

McIver Assault on ICE Officers Sparks National Outrage

05/20
PEW POLL: Majority of Americans Have Negative View On Israel; Republican Support Drops 10%

PEW POLL: Majority of Americans Have Negative View On Israel; Republican Support Drops 10%

04/16
Kristi Noem Enforces Real ID Tyranny, Travel Mandate; Tramples On American Liberty

Kristi Noem Enforces Real ID Tyranny, Travel Mandate; Tramples On American Liberty

04/16
Former Congressman Exposes 9/11 Cover-Up, Demands Trump Probe into Building 7 Collapse

Former Congressman Exposes 9/11 Cover-Up, Demands Trump Probe into Building 7 Collapse

04/16
VA Governor Youngkin Caught in Cover-Up Scandal With Sheriff Releasing Dangerous Criminal Aliens in Chesapeake

VA Governor Youngkin Caught in Cover-Up Scandal With Sheriff Releasing Dangerous Criminal Aliens in Chesapeake

04/09
Saturday, May 31, 2025
Subscribe
SUPPORT
National File
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
SUBSCRIBE
  • Home
  • Culture
    • Christianity
    • Video Games
    • Marxism
    • Snowflakes
    • Free Speech
  • News
    • Breaking News
    • International News
    • Fake News
    • Exclusive
  • Politics
    • Gun Rights
    • The Swamp
    • Deep State
    • Supreme Court
    • 2020
    • 2022
    • 2024
  • Big Tech
    • Technology
    • Alt-Tech
  • Sports
  • Education
  • Rona’
No Result
View All Result
National File
SUBSCRIBE
Home Economy

Federal Reserve Details ‘Digital Dollar’ Plans

by Ben Bailey
June 20, 2022
in Economy, News
Federal Reserve Details ‘Digital Dollar’ Plans

Last Updated on June 20, 2022

The Federal Reserve (FED) is rolling out plans to develop a “Digital Dollar”, according to FED President Jerome Powell. According to a report in Reuters, there had been speculation that such a thing would develop in response to the popularity in cryptocurrencies and the decreasing value of the US Dollar (USD). Critics of the Digital Dollar, or what is often referred to as a Central Bank Digital Currency (CBDC) point to the idea that the FED will have the power to freeze accounts on an arbitrary basis.

Powell announced the venture on Friday, stressing that the project is aimed at maintaining the USD’s standing as a global reserve currency, meaning that it is one of the most widely used currencies in the world along with the Chinese Yuan, the Euro, and others. Russia and China have tried to displace the USD as the world’s primary currency.

RelatedPosts

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

Some economists speculate that a cryptocurrency such as Bitcoin could eventually wind up being the world’s most prevalent reserve currency. Bitcoin has a capped supply at 21 million units, so it cannot be devalued through currency manipulation, such as printing. It is also completely decentralized. A digital dollar would be controlled by the FED, which is technically a private entity (a bank), but has proven to be a quasi-government agency, printing money and changing interest rates in response to various policies. Despite this, the FED is practically unaccountable to voters.

Concern that some people have about centralized finance is not unfounded. Large financial institutions have already singled out several dissident figures. Several right wing activists and politicians have even had accounts frozen and funds seized. Prominent examples involve former GOP Senate candidate Lauren Witzke having her Wells Fargo account shut down and political commentator Nick Fuentes having approximately half a million dollars removed from his account at the behest of the DOJ for his participation in the election integrity rally in Washington on January 6, 2021.

Skeptics of the digital dollar point out that giving the FED (and by extension, the federal government) unlimited control over the finances over American citizens, a de facto social credit system would no longer be a fringe conspiracy, but a reality.

RELATED: Federal Reserve Details Largest Rate Hike Since 1994 

Tags: CryptocurrencyEconomyFederal Reserve BankJerome PowellUS Dollar
Ben Bailey

Ben Bailey

Related Posts

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War
News

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

May 29, 2025
News

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

May 27, 2025
FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures
News

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

May 27, 2025
Load More
Next Post
West Point Teaches CRT to Cadets, Documents Reveal

West Point Teaches CRT to Cadets, Documents Reveal

‘Lightyear!’ Bombs After Disney Added Gay Kiss to Protest Florida Law

'Lightyear!' Bombs After Disney Added Gay Kiss to Protest Florida Law

Florida Leaders Express Concern After Columbia Elects Ex-Leftist Militant as President

Florida Leaders Express Concern After Columbia Elects Ex-Leftist Militant as President

Breaking News

  • EXCLUSIVE: The Federal Government Is Tracking Unvaccinated People Who Go To The Doctor And To The Hospital Due to CDC-Designed Surveillance Program

    EXCLUSIVE: The Federal Government Is Tracking Unvaccinated People Who Go To The Doctor And To The Hospital Due to CDC-Designed Surveillance Program

    0 shares
    Share 0 Tweet 0
  • FULL RELEASE: Ashley Biden Diary Reveals Child Sex Trauma, Drug Abuse, Resentment For Joe – Whistleblower

    0 shares
    Share 0 Tweet 0
  • EXCLUSIVE SOURCE: Biden Daughter’s Diary Details ‘Not Appropriate’ Showers With Joe As Child

    0 shares
    Share 0 Tweet 0
  • FBI Asks Judge to Delay Seth Rich Laptop Release for 66 Years

    0 shares
    Share 0 Tweet 0
  • McCarthy Used FTX Cash to Defeat Conservatives in 2022

    0 shares
    Share 0 Tweet 0

Recommended

Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War

Elon Musk Retreats from Political Spending Five Months After H1B Controversy

FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

Ukraine’s Assassination Attempt on Putin Leads to Escalations in Conflict

Edward Dowd Exposes Alarming COVID Vaccine Statistics on Excess Deaths and Disabilities

Facebook Twitter Reddit Telegram RSS

Category

  • 2020
  • 2022
  • 2024
  • Abortion
  • Alt-Tech
  • Bannon
  • Big Pharma
  • Big Tech
  • BLM
  • Borders
  • Breaking News
  • Cancel Culture
  • cartoons
  • Censorship
  • China
  • Christianity
  • Civil Unrest
  • Climate Hysteria
  • commentary
  • Con Inc
  • Coronavirus
  • Corruption
  • Crime
  • Culture
  • Deep State
  • Dissident Right
  • Drugs
  • Economic War
  • Economy
  • Education
  • Election Integrity
  • Elections
  • Exclusive
  • Fact Check
  • Fake News
  • Fake News Media
  • Feminism
  • Free Speech
  • Germany
  • Gun Rights
  • Hate Hoax
  • Human Trafficking
  • Immigration
  • Impeachment
  • International News
  • Israel
  • January 6th
  • LGBTQ
  • Life
  • lifestyle
  • Mafia
  • Man-Made Disasters
  • Marxism
  • Medical
  • Movies
  • NarcoGovernments
  • National Security
  • Nationalism
  • Nationalism vs. Globalism
  • Natural Disasters
  • News
  • op-ed
  • Opinion
  • Opioid Crisis
  • Politics
  • Populism
  • Race
  • Radical Islam
  • Related Stories
  • Religion
  • Russia
  • Sex Crimes
  • Snowflakes
  • Soros
  • Sports
  • States
  • Supreme Court
  • Taiwan
  • Technology
  • Terrorism
  • The Church
  • The Hill
  • The Swamp
  • Trump
  • Ukraine
  • Unions
  • Video
  • Video Games
  • Violent Crime
  • Vote fraud
  • Voter Fraud
  • Voter Fraud Investigation
  • White House
  • Wholesome News
  • Zionism

Recent News

  • Piers Morgan Confronts Israeli Ambassador on Child Casualties Amidst Gaza War
  • Elon Musk Retreats from Political Spending Five Months After H1B Controversy
  • FAA’s Newark Decision Exposes Air Traffic Control Crisis and Mental Health Failures

© 2024 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here info@nationalfile.com Want to advertise with us? Please email: info@nationalfile.com

No Result
View All Result
  • Home
  • Politics
  • News
  • Culture
  • Coronavirus
  • Sports
  • 2020
  • Breaking News
  • Civil Unrest
  • International News
  • The Swamp
  • Big Tech
  • Deep State
  • Voter Fraud
  • Marxism
  • Free Speech
  • DONATE
  • SUBSCRIBE

© 2024 NationalFile.com National File, LLC. Privacy. Corrections. About Us. All Rights Reserved.
Have any questions or suggestions? If you are having difficulty unsubscribing from our mail subscription please send an email here info@nationalfile.com Want to advertise with us? Please email: info@nationalfile.com