>>10811709 /pb
Fedcoin: The U.S. Will Issue E-Currency That You Will Use
The U.S. Federal Reserve will not only issue its own cryptocurrency but will also make sure Americans use it. That’s the prediction of currency guru Doug Casey who has an uncanny record of being correct about economic and political trends. His latest book, Surviving Fedcoin: How to Protect Yourself (and Profit) from America’s Coming Currency Change, is a public bet that the U.S. government will issue its own bitcoin which Casey views as “the last arrow” in its money quiver.
How will the dynamic play out? He speculates,
“To start with, I suspect it’s going to be a parallel currency. Perhaps usable just within the U.S. which, in effect, would be a form of foreign exchange controls even more effective than the inability of Americans to open up foreign bank and brokerage accounts today [due to monetary control through FATCA]…I think it’s a near certainty that they’re going to do something like this and soon.”
https://news.bitcoin.com/fedcoin-u-s-issue-e-currency/
moar:
December 18, 2019
Update on Digital Currencies, Stablecoins, and the Challenges Ahead
https://www.federalreserve.gov/newsevents/speech/brainard20191218a.htm
Boston Fed Bank explores cryptocurrency with MIT
https://www.bostonherald.com/2020/08/14/boston-fed-bank-explores-cryptocurrency-with-mit
Fed Introduces New Cryptocurrency Fedcoin; Here’s Why It’s Our Next Nightmare
https://www.btcnn.com/fed-introduces-new-cryptocurrency-fedcoin-heres-why-its-our-next-nightmare/
Still planning as though (they) have won