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RE: Digital Euro (CBDC): There Is No Point

in LeoFinance10 months ago

The Fed will never issue a CBDC, mark my word on that one. In fact, it is likely against the constitution.

Ironically, at least for now, the Fed is actually enhanced by the advancement of stablecoins since they are USD denominated. It allows for more money creation when it is sorely needed without having to rely upon the banks lending.

As for the digital Euro, the goal is control and power. That is the only reason I can see.

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Ironically, at least for now, the Fed is actually enhanced by the advancement of stablecoins since they are USD denominated

This made me curious. Because of this, wouldn't the Fed try to control the stablecoins next? And if offering their own stablecoin is against the constitution, can't they find a loophole and try to go around that to get more control?