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Based on news accounts, the US Federal Reserve is working on a scheme to replace the US dollar with a central bank digital coin known as a CBDC. If the US Federal Reserve follows through on its plans to introduce a central bank digital coin, it would be a game changer for financial services and payments.
The Fed says the currency could offer a means for instant and seamless cross-border transactions, but it will also require biometric identity verification. A Fed-backed CBDC would be programmable, meaning that it would be a smart coin that could be turned on or off by the Fed. However, opposition to the Fed’s CBDC scheme is growing. Florida Governor Ron DeSantis and Texas Senator Ted Cruz are two Republican leaders who have publicly declared their opposition. Gov. DeSantis wants to ban it in Florida. Sen. Cruz wants to ban it in all 50 states.
- Host Rick Wiles will cover these stories and much more in today’s edition of TruNews.
- Rick Wiles, Doc Burkhart. Airdate 3/15/23
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It’s becoming increasingly clear that fiat currencies across the globe, including the U.S. Dollar, are under attack. Paper money is losing its value, translating into insane inflation and less value in our life’s savings.
Genesis Gold Group believes physical precious metals are an amazing option for those seeking to move their wealth or retirement to higher ground. Whether Central Bank Digital Currencies replace current fiat currencies or not, precious metals are poised to retain or even increase in value. This is why central banks and mega-asset managers like BlackRock are moving much of their holdings to precious metals.
As a Christian company, Genesis Gold Group has maintained a perfect 5 out of 5 rating with the Better Business Bureau. Their faith-driven values allow them to help Americans protect their life’s savings without the gimmicks used by most precious metals companies. Reach out to them today to see how they can streamline the rollover or transfer of your current and previous retirement accounts.
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Stay ahead of the economic challenges on the horizon with a free subscription to The Economic Collapse Substack.