Is a Digital Dollar Coming Soon, and What Would It Mean for Americans' Privacy?

When asked whether a Federal Reserve or Central Bank Digital Currency might be on the horizon, Federal Reserve Chairman Jerome Powell told a congressional committee this year, "We're nowhere near recommending or let alone adopting a central bank digital currency in any form."
While Powell admits that while the central bank continues to work on a digital currency, he realizes the obstacles to success at the present time are insurmountable.
For starters, the Fed knows a Central Bank Digital Currency or CBDC could wreck the nation's banking industry, threaten the dollar's status as the world's reserve currency and even threaten the Fed itself.
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[@mobelue]

“We are nowhere near adopting a digital currency of any sort,“ means they are ready.

[@JesusLovesEVERYTHING]

Especially if they say "don't worry," means it's right around the corner.

[@julesservantofjesus972]

​@@JesusLovesEVERYTHING Exactly 💯!

[@Canmoore543]

We know what it means

[@jeffb4612]

We already have a digital currency. I'm guessing 90 percent of money is digital, cash is paper and not backed by gold. The real threat to our lives is fear and worry, and that is absolutely everywhere.

[@DerekOfRivia]

At least paper is physical. It may nit be backed by gold but it was backed by America. Digital Currency is backed by nothing and very unsecure. It's not a major issue now because we have the option.

[@stevenpreyes7835]

This Is invasion of privacy this is control

[@moditorres7647]

💯💯💯 truth …..

[@stevenpreyes7835]

I will not reply to such bs

[@brandontuck2725]

Read your Bible

[@julesservantofjesus972]

Amen!

[@dellaw1633]

Amen

[@Unvaccinated69-m9o]

Mark of the beast and most of you already took their PHARMAKIA and didnt even question it 🤣

[@sharonsimcox969]

Praying for our Rulers leave us alone just stop and let us live in peace 🙏☮️🇺🇸

[@starglare1003]

There will never be peace until the Prince of Peace splits the eastern sky, and returns back to the earth again after the tribulation period!! Praise Jesus ❤❤

[@allisterguerra7452]

If one doesn’t believe this isn’t going to happen then you really need to go read your Bible more .

[@Jesus_Christ_isKing]

Mark of the beast system. Be ready church

[@lauragem796]

It will be interesting to see how Dave Ramsey deals with this.

[@wierdsmabob]

If they would go digital only it would be a problem if the power went off and no transactions could be made.

[@NonyaBizness-wr6in]

We shall resist

[@chato12377]

Revelation 13:17

[@projectcontractors]

"I will never allow the creation of a central bank digital currency." ~Donald Trump, 2024

[@MR..2REAL]

CBDC are already here...a synchronized dollar drop by BRICS will be implemented

[@Canmoore543]

I think it’s closer now than ever.

[@BDA1990]

We don't ever need to have digital currency

[@HagiaFantasia]

Churches and billionaires that don't pay much taxes can help pay for the debt....and you will, cope

[@ChadAndersen-qc4kf]

Buy gold 🪙 and silver 🥈 now

[@jeffteyrosado9966]

Sweet

[@loracollins7288]

Horrible

[@ChadAndersen-qc4kf]

It's going to get ugly real soon

[@AmosTull-ts8yh]

I heard they biometric payment to all us retailers in early January

[@northupupgrages09]

Until it is.... 🐸🔥⚠️

[@cliftonconnor9389]

The Federal Reserve is not the government. Go learn about that fact.

[@BDA1990]

Ban it I still want cash and coins

[@crazycatman5928]

Elon Musk said yesterday that a new cripto is coming soon that will change everything.

[@AE-pv9vc]

Meh...he pumps and dumps...I don't trust him on that topic

[@crazycatman5928]

@@AE-pv9vc same here my friend. Same here.

[@grahamjones5400]

It means we have no privacy and its even more worthless than paper money

[@TammyHicks-wd8yn]

We already have no privacy

[@nlf17]

​@TammyHicks-wd8yn but this one is on another level 666 mark of the beast!

[@papajoefortner1817]

Soon or not its coming. My friends I have videos for you on Bible Prophecy and the End Times. Please consider going to Papa Joe Fortner or Shockwaves of the End Times or The Watchmen Series with Papa Joe. Thank you and God bless you 🙏

[@f.r.e.e.]

🆓😇✝️ ✌️👔📖 (F.R.E.E) TattoO Revelation 13:16-17

[@galemartin9155]

I now know your weakeness Christian Conservatives....they are two. Envy and greed.😊

[@Psychodermia]

Those are human weaknesses. Everyone is subject to their influence, even you.