USD Going digital-Not a conspiracy theory

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There was this US House of Representatives guy from Texas who for the past 30 years has been warning of all of this as being the logical end game, his name was Ron Paul...almost everyone said he was crazy. Now, not so much.
 
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Not that long ago if you mentioned that the USD was going to be replaced by a digital dollar, and your cash would be no good, people called you paranoid. Mainstream media still is touting it in the realm of "fringe conspiracies".

Any attempt to then take things to the next logical step, such as the fact that the government could, restrict what you buy, how often and how much you can purchase, seize your bank accounts and track every penny you spend, and you are really a nut.

The steps being taken to take us to a digital dollar are largely unreported. Odd isn't it that something so radical as doing away with physical currency isn't getting any real press? They are moving full steam ahead from an idea to practice, and have moved into a "testing" phase.

https://www.msn.com/en-us/money/mar...-big-banks-to-test-digital-dollar/ar-AA149FCi
Even if they manage it it just opens up more avenues for bartering. Totalitarian countries have proven many things to the rest of the world; Chief among them is that no matter how much you commit atrocities, or how far your overreach extends, there will always be a thriving black market. The US dollar really won’t be much good anyways once it’s replaced as the global exchange currency, and it doesn’t matter if it’s in paper form or electronic. Cash is king, but like all kings its reign will eventually end. We as a people need to adapt when that happens, and learn to conduct untraceable trade in other ways.
 
The fact that we can borrow more than $30T is proof that the money is fake.

There's nobody to borrow it from -- nobody has that kind of cash to lend. Conveniently though, there is someone to pay the interest to.

Since there's no one to borrow it from, they write an IOU and fire up the presses. It's a total scam.
 
The fact that we can borrow more than $30T is proof that the money is fake.

There's nobody to borrow it from -- nobody has that kind of cash to lend. Conveniently though, there is someone to pay the interest to.

Since there's no one to borrow it from, they write an IOU and fire up the presses. It's a total scam.
Yep
 
What I have not seen yet is a discussion of how this bank asset shortfall effects foreign countries that purchased bonds back when interest rates were considerably lower. Collectively, they own around 6.5 trillion. China alone holds 1.1 trillion.

This gets me wondering if this whole thing is not a manufactured "warning" to China.

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