Fed’s Powell Suggests US “CBDC” Fedcoin Will Protect Global Financial Dominance

Andrew Anglin June 18, 2022

No one could have predicted this.

Reuters:

The development of an official digital version of the U.S. dollar could help safeguard its global dominance as other countries issue their own, Fed Chair Jerome Powell said on Friday, weighing in with generally positive remarks on a hot-button topic at the central bank that has left policymakers divided.

“A U.S. CBDC (central bank digital currency) could… potentially help maintain the dollar’s international standing,” Powell said in introductory remarks to a research conference held by the central bank on the international roles of the dollar.

The Fed has just finished a four-month public consultation period soliciting opinions on the idea of a digital dollar. Fed Vice Chair Lael Brainard has emerged as a key supporter while Fed Governor Chris Waller has made the case against.

“As we consider feedback…we will be thinking not just about the current state of the world, but also how the global financial system might evolve over the next 5 to 10 years,” Powell added.

Well.

This isn’t really what he’s saying it is.

The dollar has already collapsed. And a fake cryptocurrency is not going to maintain global dollar dominance. Money is already digital, so this doesn’t serve any purpose in terms of what he is talking about. If you have the correct paperwork, you can internationally transfer millions or billions of dollars from SWIFT for fees that are not significantly higher than a crypto transaction.

Creating a real cryptocurrency as a CBDC would take at least five years (it took China longer than that, and it still isn’t fully implemented). The fed doesn’t have that time. What they are going to do is just going to be based on the model of a standard crypto scam – they’re going to be able to inflate the supply, which defeats the purpose of a cryptocurrency.

This is a ruse. It’s a dollar crash to replace the dollar, which was always the plan.

The plan is not to “digitize the dollar” – it’s to introduce a totally new currency, which is primarily going to be a UBI token for the goyim. They want to pay you to not work, to live in a pod and eat bugs, to take drugs, play video games, and die.

This tiny gay Israeli Jew is one of the key “philosophers” of the World Economic Forum:

There aren’t any “secret conspiracies” anymore. Unless you’re some kind of retard. Bill Gates already told you “coronavirus” was not really deadly and was actually just the flu. If you look at the plan for the “CBDC,” it’s the same thing. It’s not a digitized dollar. That already exists. They are talking about a completely new currency. They are going to merge the Department of Treasury and the Federal Reserve.

They’re going to give you an allowance, basically.

The question is: what will the elite use as a currency? They’re not going to use goytoken.

Well, probably Bitcoin, frankly.

Bitcoin might go lower, it might not, but if all of these big holders get liquidated, the bottom is $8,000. Michale Saylor is saying he can’t get liquidated above like $4,000, but I mean – who knows. I don’t understand that math. He’ll need some new collateral before then.

Nothing is safe, nothing is secure. But if they’re telling you they’re going to make a CBDC, that means they are admitting, in so many words, they’re planning to burn the dollar. I don’t understand how they can do that without first conquering Russia and China, because if they burn the dollar, they can’t fund their ultra-military, and then we’re just Brazil.

Frankly, I consider myself very good at this “big picture” analysis stuff, and any of you can look at my record, and find that for the last 9 years (anniversary coming up!), I’ve been more right than anyone else. But I am telling you right now: I don’t know what is going on.

The domestic agenda simply does not make any sense when contrasted with the geopolitical situation.

Here’s my best recent analysis: The Status of the Globalist Agenda has Been Escalated from “Confused” to “Chaotic”

The people in charge appear to have lost the plot, and this Ukraine debacle proves that they’re not really capable of managing anything at all. So even though it doesn’t make any sense, I don’t see any reason to believe they won’t just totally burn the dollar in the near future.

When things fall apart, they’re going to seize your property, they’re going to seize your gold. They might not seize your farm and your buried gold.

But the bottom line is: despite the current chaos in the crypto market, Bitcoin is probably the best bet. They can’t seize it without kidnapping and torturing you to give them your 24 words. But torture might make you forget your seed, and they don’t really have any way of knowing how much you have if you’re smart about it.

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