Loading ...The Chairman of the Federal Reserve Claims There Is Room For Multiple Reserve Currencies
Thanks Brian A
This is a Surprising Turn of Events !
Powell is saying USA is “slowly” working on a CBDC …but even if it is rolled out there will be room for “Private” ( Crypto) Currencies as well ( so long as they are “Regulated “)
“Multiple Reserve Currencies ?” I’d say this is a Wow !
This comment is a huge tell. It shows he is taking his orders from above. He is the global elite rep now. So. his actions should reflect what’s best for the UN vs the USA.
Allowing for private currencies makes it easier for the public to swallow. Soon enough after it is rolled out they will be outlawed.
a regulate crypto would be the same as any old stock then, regulation means tracking,taxable, control. You will not get paid for a job in crypto and expect to be tax free,
It is a very Big WOW and not for the crypto angle. He is basically acknowledging what is coming. The US dollar is losing it’s exclusive reserve currency status and China will be competing and in some period of time(of China’s choosing when they back the yuan with gold) replacing the US dollar. It could be over a period of 5 years but more likely, less than that.
That’s been Armstrong’s theme now for quite some time. China will take over the #1 spot in the world. He says post 2032.
2032 has been Martin’s target date for at least 10 years now, if not longer.