>>10811709 (LB)

Could some Anon smarter or more knowledgeable about financial matters please explain what this means in layman's terms?

I've dealt mostly with cash all my life, have a checking account, once had a savings account, but that's the extent of my banking experience.

>Legislation has proposed that each American have an account at the Fed where digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments.

Emergency payments to whom, from whom? Who would be depositing digital dollars?

TYIA

spooky - when I went to post this my captcha was this - taxdump

>>10812149

Okay, I get the big picture, knew that decades ago so have mostly dealt in cash, but what that emergency payments all about?

>>10812268

Huh?

What does that have to do with emergency payments?

Who gets an emergency payment from whom?

I can't be sending money to the Fed, and I don't think the Fed is going to send me money - so what's it about?

>>10812316

>Highly Educated Americans Are by Far the Most Closed-Minded Group

So people who know the truth, and are not open to falsehoods are closed-minded?

Works for me.

This whole thing about being open-minded has been going around for centuries - they imply if you don't accept their falsehoods, you're a bad person.

>>10812029

Dubya loves him some black dick in the ass.

>>10812301

Used to call them high yellow.

>>10812522

The policies would be automatically nonpayable due to criminal conduct. It's like fire insurance - it doesn't pay out if you torch your own house.