INSANE Proposal to Let the Fed DELETE Your Money and SHORT Stocks

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[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

Under this proposal, banks would cease to exist and everybody would have an account at the Fed. The currency would be a CBDC (Central Bank Digital Currency) and this would allow the Fed & Treasury to fudge your numbers at will.

Will it go through or not? Will a law be made out of this? Probably not as is, but given who the author of the paper is and her position at the government, it's easy to see this is the direction they want to take.

I find this extremely bullish for cryptocurrencies, making their adoption more and more a necessity for everybody.

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (3 children)

And now watch people pull money out of the bank and put it in the matress.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (2 children)

Silver. Silver is where it's at.

[–]IkeConn 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (1 child)

If I'm investing in anything it will be ammunition. You can't eat silver or take game with it.

[–][deleted] 1 insightful - 1 fun1 insightful - 0 fun2 insightful - 1 fun -  (0 children)

I'm fine, thanks, I learned how to make a bow by playing Tomb Raider.

Just kidding.