Posted on 02/18/2022 11:29:43 AM PST by Oldeconomybuyer
Federal Reserve Board Governor Lael Brainard on Friday laid out a case for the role a U.S. central bank digital currency could play in bolstering financial stability as the use of stablecoins and cryptocurrency grows and other countries issue their own CBDCs.
"It is essential that policymakers, including the Federal Reserve, plan for the future of the payment system and consider the full range of possible options to bring forward the potential benefits of new technologies, while safeguarding stability," Brainard said in remarks prepared for delivery to the U.S Monetary Policy Forum in New York.
Fed policymakers are divided on the need for a central bank digital currency, even as many other central banks globally are pressing ahead on such plans.
Brainard has emerged as a supporter of the idea, though in her remarks she emphasized the importance of considering the potential impact of a U.S. CBDC rather than making any outright claims for the need to adopt it.
"It is important to consider how new forms of crypto-assets and digital money may affect the Federal Reserve’s responsibilities to maintain financial stability, a safe and efficient payment system, household and business access to safe central bank money, and maximum employment and price stability," she said Friday.
(Excerpt) Read more at newsmax.com ...
Central banking is a good racket if you can get it.
Crypto currency was borne to create crisis to eliminate paper money
Central banking is a good racket if you can get it.
That’s the goal of the Fed.
Raise your hand if you think that the US government won't make other digital currencies unviable, or illegal when Fed Coin rolls out. I've got a bridge for sale if you do.
When all your financial assets are 1s and 0s on a hard drive they can erase you at-will.
Canada is showing the way seizing digital wallets, it’s absolutely possible for National Governments and Central Banks to crush cryptocurrencies the vehicle will be that cryptocurrency is financing terrorist groups
Oh hell no!
Anyone surprised?
No..No way Jose.
No! That's not possible! I've been told by crypto advocates, for years, that could not happen!?!
Canada is doing the impossible then
and they don’t like competition...
That’s the best part.
Actually produce nothing and have zero competition.
The Fed Reserve and Rothschilds deserve a short drop and a sudden stop.
Of course he does. The theft continues.
How?
What do you think your financial assets are now?
bingo
And they are doing it, aren’t they?
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