Video Player is loading.

Up next

"The Sunken Cathedral" - cover
Hopalong Ginsberg
15 Views

"US Dollar Being Devalued For A New Digital Currency Controlled By Government"

Hal Graves
Hal Graves - 189 Views
6
189 Views
Published on 18 Apr 2022 / In News and Politics

In 2022 the U.S. dollar is continuing to be devalued. The dollar has depreciated by six-fold over the last 50 years. In 1972 the value of one dollar was $1. But in the 2021 $1 had shrunk by 85% to being worth $0.15. Could the dollar be devalued enough to not be world's "reserve currency?" Several financial experts say yes. This may be why the U.S. government and Federal Reserve are investigating the use of a new digital dollar currency, with the dollar being phased out and creating a cashless society. The government would then control your bank accounts, withdrawing and depositing as they see fit. If adopted, the digital currency could be combined with a social credit score system to reward and punish citizens based on their acceptance and cooperation with the new money and other behavioral factors.

Show more
0 Comments sort Sort by

Up next

"The Sunken Cathedral" - cover
Hopalong Ginsberg
15 Views