Is a Digital Dollar Coming? Some Financial Experts Warn It Could be Instrument of Government Control

31

More and more central banks around the world are in the early stages of creating digital currencies. Federal Reserve Chairman Jerome Powell told the House Financial Services Committee in March that the Fed had already begun testing a digital dollar.

Powell told the House Financial Services Committee, “We’re not at the stage of making any real decisions. What we’re doing is experimenting in kind of early-stage experimentation. How would this work? Does it work? What’s the best technology? What’s the most efficient really at an early stage on? But we’re making progress on sort of technological issues.”

Just like paper dollars, a Central Bank Digital Currency of CBDC would be issued by the Federal Reserve. Those pushing for it say it would have several advantages over physical money. They say it could be used to fight inflation because the Fed would have more direct control over the money supply. It could speed up transaction payments and help fight money laundering.

Read the full story from CBN’s Dale Hurd:
https://www2.cbn.com/news/us/digital-dollar-coming-soon-some-financial-experts-warn-it-could-be-instrument-government

CBN News. Because Truth Matters™

Download the free CBN News App: http://cbnnews.com/app

SUBSCRIBE to the CBN News Channel for more:
http://youtube.com/c/CBNnewsonline/?sub_confirmation=1

SUBSCRIBE to the QuickStart Newsletter by visiting quickstart.news

SUBSCRIBE to the Quickstart Podcast. New episodes every morning at 7am: cbn.com/cbnnews/quickstart

What’s coming up next? Have a look at our program guide: https://www.youtube.com/redirect?q=http%3A%2F%2Fwww1.cbn.com%2Fcbnnews%2Fnewschann&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description

CBN features 24-hour TV news from a Christian perspective. The CBN News Channel provides independent news programming to an underserved audience to enlighten, entertain and inspire Christians around the world. Comments below do not necessarily reflect the views of CBN.

Share this live feed with your friends and family:
https://www.youtube.com/c/CBNnewsonline

Like us on Facebook: https://www.facebook.com/cbnnews/
Like us on Twitter: https://twitter.com/CBNNews
Follow us on Instagram: https://www.instagram.com/cbnnews/

Contact News Editors: https://www.youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2Fcontact%2Fcontact-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description

Questions about other CBN programs: https://www.youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2Fcontact%2Fcontact-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description

Questions about supporting CBN?
http://www1.cbn.com/cbn-partners (and) https://www.youtube.com/redirect?q=https%3A%2F%2Fsupport.google.com%2Fyoutube%2F%3Fp&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description

Questions about Helping the Home Front? Call: 800-700-7000
https://www.youtube.com/redirect?q=https%3A%2F%2Fwww1.cbn.com%2F700club%2Fhelping-&redir_token=3Xja-7LE5ZQebEu1fn-B5ib34tN8MTU3OTg4MjMzMkAxNTc5Nzk1OTMy&v=P0mHVeNNfDw&event=video_description

#breakingnews #politicalnews #christiannews #christian #christianity #church #breakingnews #cbnnews

source

31 COMMENTS

  1. There is no benefit for the consumer/regular citizens to CBDC. We can already instantly transfer money with the current system. CBDC will take away the physical options, and add permissions and requisites to the use of digital. They will do it. But everyone should understand, there's nothing in the Bible to indicate that we have to endure or live under this system before the Antichrist comes. Until then, it can 100% be stopped.

  2. Control. Key word. Get it.😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂 money money money. 😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂😂

  3. Tell you what, I think Haley stands a better chance of being president than Trump…..I'm telling you folks, the Dems ARE NOT going to allow Trump to be president again….by whatever means possible!…..

  4. Revelations 15: 15 And he had power to give life unto the image of the beast, that the image of the beast should both speak, and cause that as many as would not worship the image of the beast should be killed.

    16 And he causeth all, both small and great, rich and poor, free and bond, to receive a mark in their right hand, or in their foreheads:

    17 And that no man might buy or sell, save he that had the mark, or the name of the beast, or the number of his name.

    18 Here is wisdom. Let him that hath understanding count the number of the beast: for it is the number of a man; and his number is Six hundred threescore and six.

  5. The U.S. Federal Reserve is ''NOT'' a United States Government Institution, so why are we allow the US Fed Reserve which is run by non-government private individuals, to control our finances? Wake Up AMERICA ! FIGHT BACK ! WE ARE NOT A COMMUNIST COUNTRY ! This could spark Civil War…Do Not trust the Government !

  6. is it legal to force a digital currency upon all the american people and without a majority rule by the american people in total agreement ???? it is obvious at this moment in the history of all man kind that you will lose all personal freedom forever if you accept this totalitarian enactment .. are you going to remain silent while you are told what is going t happen to all of us next ? that i don't see will be in our best interest ..do you ? i have got to under stand you will be turning over every personal decision you and only can make for your on survival to ask permission to purchase an item as all items will only be allowed to be bought by A.L controlled digital currency ..remember by accepting these facts you will lose all of your freedom to choose what you need to survive ! and there will never be a choice given to you again if you happen to change your mind !

  7. Digital dollar is such a huge mistake,
    It not only give hacker's a chance to dip into the system,
    It also gives our government chance to spy on what we buy.
    Me personally think there is plenty of physical $$$ to go around, so why try to push for the digital dollar.

Comments are closed.