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Agree With You On This - The Fed Is Looking To Create Their Own Crypto-Currency (Main Board)

by Hillarys Colon, Tuesday, July 28, 2020, 10:53 (15 days ago) @ Pepe the Programmer

I agree with everything you wrote. Basically with crytpo you are not subject to the whims of the Fed. I looked into saving my money outside of the USD, I wanted to open an account in a Swiss bank and get Swiss Franks as its not pegged to the dollar.

The Fed is aware that people are looking to hedge against the dollar via the cryptos. By you doing this they loser their leverage over us. They are planning on defeating this via their own crypto currency:

https://markets.businessinsider.com/news/stocks/the-federal-reserve-is-looking-into-developing-digital-currency-us-2019-11-1028705211?op=1

https://bitcoinist.com/federal-reserve-ponders-fedcoin/

Remember the Fed is NOT a federal agency, its a private corporation owned by the banks. How the govmt allowed them to take control of the currency is a whole other topic.


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