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US Treasury Recommends Exploring Creation of a Digital Dollar

By Keith Thuerk | New to Crypto's? | 24 Sep 2022


US Treasury Recommends Exploring Creation of a Digital Dollar

 

As if on cue from when the last global crisis ended and the US Treasury recommends exploring CBDC. 

How thoughtful, they want your input (well probably not but, they do have a formal RFC where can thoughtfully provide reasons for them to ignore while they go 90mph towards full control of every aspect of your life.

Any chance the US Treasury works with SEC and forces ETH into submission and leverages ETH as the basis for CBDC? In this upside down world anything is possible; right?

  • Or will they leverage the 98M Veri (Veritaseum) tokens they confiscated from Reggie Middleton? 
  • Or was the US treasury reacting to Biden Administration Executive Order 14067?

So many different avenues this story can take . As I have stated many times on this site, the USA has been hard at work on a CBDC for years, with the help of many US Higher Edu Institutions such as MIT (Mass. Institute of Technology). Don't be lulled into the false they the US Treasury is just getting started, my take is they are in final full 'scale' testing or just about to enter that phase. Then live testing in 'test' markets in select cities. Oh wait isn't that what China did with theirs? Why, yes, yes it is. Funny how Governments across the globe can work together when it comes to silly things such as full societal control.  Or perhaps I am just another wild conspiracy theorist.

Does the US have a choice in the selection matter or are they just kowtowing to the BIS Overlords? Or is it the US Treasury must pick one of the BIS systems?

Perhaps I am just misled and need to be sent to a re-education camp to understand the full extent of how great Governments and CBDCs really are? They are coming to take me away, ho ho, he he. 

 

Summary - Do NOT be mislead by the kinder and gentler offering by the US CBDC, sure we all anticipated the current administration would release a crypto framework showing how BTC, ETH and their kind are bad while CBDCs are greatness reincarnate. Evil draws near my friends.

Disclaimer - I am not an employee nor an agent of US Treasury, nor the US Fed.  I think I would be fired for being too productive and thus deemed a threat to the rest of their employee's.

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Keith Thuerk
Keith Thuerk

Currently learning about Crypto and DeFi to combat the Inflationary Tidal wave coming our way!


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