Will U.S. Trade Cash for CBDCs? Fed Sends Mixed Messages, by Michael Nevradakis, Ph.D.

CBDCs are an idea whose time should never come. From Michael Nevradakis, Ph.D. at childrenshealthdefense.org:

Despite recent statements to the contrary by Federal Reserve Chair Jerome Powell, the U.S. Federal Reserve appears to be proceeding with the development of central bank digital currency (CBDC) infrastructure. Critics weigh in on Powell’s statements and what CBDCs — and going cashless — would mean for U.S. citizens.

The U.S. Federal Reserve (the Fed) appears to be proceeding with the development of central bank digital currency (CBDC) infrastructure — including hiring software developers — despite recent statements to the contrary by Federal Reserve Chair Jerome Powell.

“People don’t need to worry about a central bank digital currency, nothing like that is remotely close to happening anytime soon,” Powell said in his March 7 testimony before the Senate Banking Committee.

“If we were to ever do something like this, and we’re a very long way from even thinking about it, we would do this through the banking system,” Powell said. “The last thing … we the Federal Reserve would want would be to have individual accounts for all Americans.”

Catherine Austin Fitts, founder and publisher of the Solari Report and former U.S. assistant secretary of housing and urban development, told The Defender, “Powell’s latest language is slippery — more slippery than we have seen from him.”

In June 2023 comments about CBDCs, for example, Powell said that the Fed is “doing a great deal of work,” adding that “it’s something we really need to explore as a country.”

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One response to “Will U.S. Trade Cash for CBDCs? Fed Sends Mixed Messages, by Michael Nevradakis, Ph.D.

  1. Sun von Rommel

    Brandon signed that CBDC order early on in the burning it all down better Great Reset Leap Forward regime.

    Apparatchiks know best how to spend “your” money and they will intervene if you’ve had too much to think or shirked against the hive.

    You won’t need any food for that week to think on your crimes against the state.

    No dunce cap during your exclusion, for now.

    After all, it is for the good of the collective, comrade.

    Liked by 1 person

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