The Need for the Digital Dollar.

Predictions suggesting that perhaps the euro, renminbi, or IMF special drawing rights (SDR) would replace the dollar have not panned out, primarily because the system surrounding the U.S. dollar reinforces its centrality. But what if the fundamentals of that system were displaced through a new modality of currency—a change not simply in who stood behind the currency but a change in currency form itself? Our research indicates that this prospect is what should concern American decision-makers and those that rely heavily on American centrality.

Two of the most often evoked substitutes for the U.S. dollar are the euro and the renminbi. However, both lack the market, institutional, and geopolitical fundamentals for such an endeavor. As such, they do not generate confidence, which is the crucial criterion for a currency to be central to global economic activity. Both alternatives remain subject to greater uncertainty, and thus reliability, than the U.S. dollar.

A third, and we argue a more likely threat to U.S. dollar centrality, are Central Bank Digital Currencies (CBDCs). Our claim rests on the assumption that cryptocurrencies indicate a changing nature of the economy—akin to the introduction of fiat money or financial economy.

By and large, there are three types of cryptocurrencies: private cryptocurrencies, stablecoins, and CBDCs (Central Bank Digital Currencies). Although all are tokens of a new era (pun intended), only the latter present a challenge for the U.S. dollar, while the first two suffer from embedded flaws that will cap their potential preeminence.

The end of personal freedom has begun in America. Executive Order 14067, Biden’s massive power grab. Section 4 of this order calls for urgent research into developing the digital dollar.

On November 15th, 2022, the Federal Reserve announced they are now testing the ‘digital dollar’. They’ll be joined by major banks like Citigroup, HSBC, Mastercard, and Wells Fargo.

And you should be scared!

Biden’s plan has dark and dire consequences.

The ‘digital dollar’ puts all your money in the hands of the government.

Privacy is gone. They will know exactly how much money you have. Where it is kept. What you are spending it on.

And if they don’t approve, they can take it all away with a click of a button.

No wonder the Democrats just gave $80 billion for IRS enforcers.

Don’t support their candidates? Gone.

The framework is now in place for total control.

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