21 Views· 04/11/23· News & Politics

Countries Begin Dropping the Dollar; Fed Launches First Stage of Digital Currency


Sharon Leonard
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LINK BELOW "⁣A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction countries that violate basic standards on human rights. Meanwhile, the Federal Reserve is launching a new program called FedNow, which is slated as a first step toward a centralized banking digital currency (CBDC) for the United States. The use of digital currencies is being promoted as a way to stop crimes like money laundering, but it’s also deeply criticized as a direct threat to financial freedom. Digital currencies would represent a new type of money where every payment is tracked." (Credits: Joshua Philipp, 'CrossRoads', Epoch Times) link: ⁣https://www.theepochtimes.com/....countries-begin-drop

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