Fed Wants 'Full Control' of All Transactions

I had a new piece published discussing this

Guys and gals,

I sounded like Chicken Little screaming that the sky was falling a year ago.

Now, there are literally chunks falling down from the heavens.

From my latest article at The Political Insider:

Conversations regarding the creation of Central Bank Digital Currency (CBDC) used to be confined to monetary policy aficionados and cryptocurrency prophets, but over the past year, this concept of a centralized digital currency issued and controlled by central banks has picked up steam across the African continent, China, the United States and now Mexico.

According to Bitcoin Magazine, Mexican Senator Indira Kempis proposed “draft legislation amending the country’s Monetary Law to include currencies issues by the central bank.”

Kempis supports the notion that direct intervention by the Mexican government is vital to the long-term financial health of the nation.

According to Kempis’ proposal, “It is essential that the State, through the regulation of the financial system, promote a greater access to and use of financial services through intervention to ensure that service providers provide fair treatment and quality service to their users, as well as how to create financial education programs that provide the necessary knowledge for Mexicans to make informed and aware decisions of their resources.”

Read the full article here to see what Elizabeth Warren wants to do with CBDCs here.