T.H.E.M.
¨We believe in the judgment; we believe this first judgment will take place as God revealed, in America...¨
T.H.E.M.
¨We believe in justice for all, whether in God or not; we believe as others, that we are due equal justice as human beings.¨
China Could Force Donald Trump And The Fed To Destroy The U.S. Banking System
Billy BambroughContributorCrypto & BlockchainI write about how bitcoin, crypto and blockchain can change the world.
Donald Trump has reignited his long-running battle with China, something that’s likely to heavily feature in his re-election campaign.
Meanwhile, China is poised to launch a digital version of its yuan and could be about to create serious problems for the U.S. banking system—potentially forcing the U.S. to digitalize the dollar to compete.
Now, the Federal Reserve has warned central bank digital currencies might one day replace commercial banks, creating “a deposit monopolist” and playing “havoc” with the banking system.MORE FROM FORBESBitcoin Counters Donald Trump’s Antifa Protest ThreatBy Billy Bambrough
Most Popular In: Crypto & Blockchain
- Congress To Hold Hearing On ‘Digital Dollar’ Options For Possible Future Stimulus Payments
- Second Round Of Stimulus Checks Would Be Paper Or Direct Deposit Again
- Chinese Buyers Are Kickstarting A Generational Housing Market Rally, And Bitcoin May Be Next
“The introduction of digital currencies may justify a fundamental shift in the architecture of a financial system, a central bank ‘open to all,'” Federal Reserve of Philadelphia researchers wrote in a 32-page paper titled “Central Bank Digital Currency: Central Banking for All?”
The paper examined the potential effects of “giving consumers the possibility of holding a bank account with the central bank directly”—something that could potentially replace commercial bank checking accounts……MORE HERE
Click here for reuse options!Copyright 2020 Hiram's 1555 Blog