I don’t buy the Isreal connection concern. It’s widely known we’re in bed with them on a number of issues. As well as their spy operations against us. But releasing these lists no way endangers any of that.
Will it become a vehicle to transfer value without involving banks? Yes. That is already happening. It is faster, cheaper, and it cannot be stopped by sanctions.
And that’s why I believe it will replace the dollar and other currencies. The ability to mask, hide and avoid govt involvement will drive this.
It’s possible those legacy currencies may still be used, such as th EU does, but the official currency will become digital.
Ok. So someone is protecting someone. The question is who and why? Or, this was good fodder to use as disinformation that reached a put up or shut up point.
The Fed's benchmark rate reached a two-decade high of 5.25% to 5.5% in July 2023. Since then, the rate has remained steady, with the most recent decision being to hold rates at the current range.