Facebook’s Cryptocurrency: Libra

Discussion in 'West Mall' started by Dionysus, Jun 19, 2019.

  1. Dionysus

    Dionysus Idoit Admin

    Most likely. In the meantime, several central banks announce they are exploring their own digital currency. Existential threat to the dollar?

    Central banks join to study possible digital currencies

    Bank of England
    Bank of Canada
    Bank of Japan
    European Central Bank
    Sveriges Riksbank
    Swiss National Bank
     
  2. Monahorns

    Monahorns 5,000+ Posts

    Central bank controlled currency is the problem itself. That is why bitcoin or something similar is the only thing worth working on. Need currency not controlled by government. And yes the Fed is controlled by the government. The Fed kept rates higher than Trump wanted. He yelled about it on social media and probably privately also, and they started reducing rates again. The supposed disconnect between the Federal Reserve and the US Federal Government is there for plausible deniability alone.
     
    • Agree Agree x 1

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