Bitcoin and other digital cryptocurrencies have tremendous potential to decentralize the monetary system in some way. There has always loomed the threat that the Federal Reserve Bank would find a way to worm their way in, and now I’m afraid that day has come before widespread adoption could prove disruptive.
Amendments to the Uniform Commercial Code (UCC) were recently approved that encourage the adoption of a central bank digital currency (CBDC). We assume it is fairly self-evident that a traceable, programmable digital currency, controlled by the Fed, would be a major threat to our freedom.
Additionally, the US dollar has been the currency used for trade around the globe for decades. But there is a very real move towards the Chinese Yuan to replace it. What could this mean for you?
Although these subjects might be difficult to digest, it is happening and you need to be aware of the potential impact they could directly have on you. We look forward to fielding and answering your questions about this topic with guest David Hoyt, the Executive Director of Development at The Heartland Institute in Jacksonville, FL.