Posted BY: Teresa | NwoReport
The United States’ plans for implementing a central bank digital currency (CBDC) appear to be in jeopardy due to the daunting challenge of maintaining it effectively. A critical issue hindering this endeavor is the availability of a workforce capable of managing the system. Unfortunately, many potential workers are too ill to continue or have succumbed to the effects of the Wuhan coronavirus (COVID-19) “vaccines.”
This situation is deeply tragic on both human and economic levels. The country’s economy faces the risk of collapse as numerous critical systems are plagued by issues, and there aren’t enough employees to rectify them and ensure their functionality.
Portfolio manager Ed Dowd recently addressed this pressing matter on the “Health Ranger Report.” Given the shortage of competent workers to oversee a national CBDC, he suggested that states might take matters into their own hands and launch their currencies. Dowd envisioned a scenario where different entities issue their own money, much like Confederate money during the Civil War, leading to the emergence of black markets and barter systems.
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The impending financial collapse is exacerbated by the fact that the U.S. dollar is a Federal Reserve Note linked to nothing concrete. The relentless printing of endless U.S. dollars to finance wars and globalist endeavors has accelerated the devaluation of the currency, becoming increasingly evident in recent years.
Dowd expressed hope that his home state, Texas, would adopt its own state-level currency backed by tangible assets like oil, gold, or food, offering greater stability and value compared to the depreciating U.S. dollar.
The uncertainty surrounding the nation’s future, including a divided country and questions about leadership, makes it difficult to predict the extent of the challenges ahead. Nevertheless, as the country grapples with these complex issues, alternative currencies and financial systems may emerge as potential solutions to the impending financial crisis.
In conclusion, the United States’ pursuit of a national CBDC faces significant hurdles, primarily related to workforce availability and the vulnerability of the U.S. dollar. State-level currencies backed by tangible assets may become a viable alternative, but the future remains uncertain amid the evolving economic and political landscape.
Nothing wrong with digital currencies per se. As long as they are decentralized, and gold & asset-backed – so that they are controlled; not us.
No Thanks! I don’t believe in having my money as a Digital Currency. That’s pretty much a make believe money like Monopoly Money. I prefer to have something in hand/pocket rather than depend on someone else in the sky to assure my money is there. Can you say Hack the System and Drain the Money?