/biz/ - Business & Finance

The real big brain take is that this is all a Fed bluff to entice banks to loosen lending standards and support credit growth in the economy. Digital dollar with interest-bearing capabilities and insta-settled transactions would make modern banking obsolete, both as a consoomer service as well as a monetary policy distributor.

Like everything this will become a polarized issue, Dems shilling for it based on equality and getting gibs-to-nigs quicker, GOP will battle it because of muh free markets n'shiet.

Meanwhile banks will continue to collect $30 billion per year paid to them as interest on their reserve balances at the Fed. Is this interest printed money? NO it is paid for by US taxpayers XDDD

>>22522603
>>22523680
For situations that bad I would think fake gold would be a better investment.
>Pyrite
>Pinchbeck
>Copper / Zinc mixes

I mean chinks got away with using gilded copper alloy bars as gold collateral at actual banks for years. In a SHTF scenario is anyone really going to be verifying gold authenticity?