You have commented 339 times on Rantburg.

Your Name
Your e-mail (optional)
Website (optional)
My Original Nic        Pic-a-Nic        Sorry. Comments have been closed on this article.
Bold Italic Underline Strike Bullet Blockquote Small Big Link Squish Foto Photo
Submit your comments on this article
Government Corruption
Elizabeth Warren Calls for U.S. to Launch Central Bank Digital Currency
2022-04-02
[Breitbart] Appearing Thursday on NBC News, Sen. Elizabeth Warren (D-MA) called for the United States government to create a Central Bank Digital Currency (CBDC), which some longtime crypto proponents warn could be used to surveil citizens.

A transcript is as follows:

CHUCK TODD: Are you there [on creating a Central Bank Digital Currency]?

SEN. ELIZABETH WARREN: Oh, for a Central Bank Digital Currency? Yes. I think it’s time for us to move in that direction.

TODD: Whenever you look at every piece of paper currency we issue, not with coins, but paper, has its own identity. So essentially, we’re prepared for the blockchain now. Should that be how we build this?

SEN. WARREN: I think of it was what’s the problem we’re trying to solve and if the problem you’re trying to solve is fast, almost frictionless ability to send money across country and the world, a Central Bank Digital Currency does that. You don’t need a stablecoin for that.
Related:
Elizabeth Warren: 2022-03-17 Biden's Dishonest Attempt To Pin Inflation on Putin
Elizabeth Warren: 2022-03-02 Winsome Sears Urges Biden to Reverse Energy Policy ‐ ‘Take Care of What You Have Command of'
Elizabeth Warren: 2022-02-11 Fed Refuses To Release 60 Pages Of Correspondence On Pandemic Trades Scandal
Related:
Central Bank Digital Currency: 2021-04-17 Is China Preparing A Gold-Backed Yuan: Beijing Greenlights Purchases Of Billions In Bullion
Posted by:Besoeker

#15  I prefer to store my wealth as ammunition. It's always needed, it can get you what you need and best of all, you can recycle it and make NEW ammo from the cases.

Ammo, what can't it do?:p
Posted by: Silentbrick   2022-04-02 21:32  

#14  
Posted by: Sluse Grealet9429   2022-04-02 13:38  

#13  Not sure how all this would work but I'm wondering how will her cartel buddies launder their ill gotten gains?
Posted by: Abu Uluque   2022-04-02 13:37  

#12  Would this be in the Trudeau model, or the Cohaagen?
Posted by: swksvolFF   2022-04-02 13:06  

#11  Is this something like the e-rupi?
Posted by: Dron66046   2022-04-02 11:50  

#10  #7 ... Hope they sued the lying rentors.
Posted by: NN2N1   2022-04-02 11:39  

#9  The globalists have a lot of great ideas for everyone but themselves (sarc). You don't want to give up dollar dominance. It will not make for a better country or world. Warning! Morons, crazy people and crooks at the helm.
Posted by: JohnQC   2022-04-02 11:35  

#8  Do you really want the likes of Elizabeth Warren, Adam "the liar" Schiff, Mitch, Pelosi, and the others controlling *all* of your financing. It's bad enough they can freeze your bank accounts and leave you to starve on a whim as they did on Canada.
"Oh your retirement's too big so we'll going to take 80% of what you worked your ass off for and sacrificed for and give it to some poor slobs who wasted their lives on hookers and booze".
Posted by: CrazyFool   2022-04-02 11:12  

#7  The Godverment in charge of your assets and you say what can go wrong? OK, my sister's gay friend (who has a black partner) owns several VRBOs as his livelihood. The max occupancy on the posting is 4 people. VRBO rents it and 10 people check in which the owner sees this on the outside video and calls the renter, who lies about it. He tells them to leave. They eventually do, but immediately complain to VRBO that they were told to leave because they are black. VRBO shuts down all of his account pending an investigation. How does one prove they are not racist. It took weeks to resolve. Thousands of dollars lost.
Do you really believe this can't happen with the leftists in Washington if they had the keys to your assets? Look what the little tyrant in Canada did to protesters.
Posted by: jack salami   2022-04-02 10:57  

#6  Oh joy! More government control over my money and the ability to shut it off at will if I don't be a good little robot!!!

Fuck you assholes.
Posted by: DarthVader   2022-04-02 10:43  

#5  
Once digital, then DC can turn ON or OFF a person's wealth/income... based on whatever issues they decide or deem.

Some have asked ...What if we went back to a Gold Standard backed dollar, plus other such rare metals?

At the last audit, the US Treasury claimed 261,498,926.241 Troy OZ of Gold in its vaults.
Gold, which was selling for about $1,928.00 per troy oz at COB yesterday.

If the USA went back to a Gold Standard?
The US dollar would be backed by only about $504.1 +/- Billion in Gold Reserves.

Notes:
DC has a purposed Federal budget of about 10 times that for 2023.
DC has run up a national debt of about 60 times our Gold worth and 5 times the annual collected tax revenues.
Posted by: NN2N1   2022-04-02 08:55  

#4  Or, exactly how you will own nothing because in DC speak if it's all electric, it's all theirs.
Posted by: Cesare   2022-04-02 08:16  

#3  And let’s put in safe guards like having the encryption keys and passwords stored in Humper Biden’s laptop, put the congressional Pakistani Brothers in charge of cyber security and whomever is the world leader in charge of the central digital currency let us ensure they are selected based on Race, Sexuality, and ideology.
Posted by: Airandee   2022-04-02 06:17  

#2  They have lot's of brilliant plans, mostly centered on taking everything you have. Don't worry if you are a billionaire though. None of these plans apply to their donors. Bernie is a liar if he says the uniparty will attack their donors.
Posted by: Helmuth, Speaking for Thromons3612   2022-04-02 02:54  

#1  The dollar conversion will be painful at first, that is if you have any remaining dollars to convert. It really is for the greater global good. In this particular case, a more equitable solution really does justify the means. You'll see.
Posted by: Besoeker   2022-04-02 01:24  

00:00