FED solves everything by printing money so why would someone prevent issuing CBDC. With CBDC, printing is much easy, it's just digitally adding zeros. Isn't life much easier when the government prints money than not?
If the government does the same with the Nigerian government by deeming a $100 or $20 bill, people will be forced to use the CBDC wallet.
If this is the case in the US, why not get rid of the FED, and let the US Treasury print the money? Why pay for FED people and the owners of the FED, when the US could cut out this waste by printing the money themselves? Besides, then there wouldn't be any reason for the IRS tax.
The FED is a method to screw the people out of their money/labor.
The treasury is responsible for the physical printing of U.S. currency but with how banking works now the fed can just digitally transfer credits to whatever accounts they need. The oversight is completely political and of course it doesn't help when currency and digital credits can be generated out of thin air.
Even if you dissolve the agencies, as long as USD can be created without repercussion then the Congress will continue to spend money that isn't there.
Perhaps the fed isn't the issue, the politicians are.
Politicians are definitely an issue. But if the FED was gone, and the US Treasury were in control, there would be a much easier way for people to direct money affairs by getting their representatives to put an honest Treasury Secretary in place. Below is the real issue.
The Constitution allows for only gold and silver to be made into money. If you stretch this, you can issue gold and silver backed paper. But the problem with gold and silver as money is that there isn'e enough of it to maintain money with a growing population... especially considering the industrial uses of gold and silver.
The FED idea was used by government because it is based on a whole different idea. Government is allowed to contract with outside, private companies. And these companies don't have limitations on using only gold and silver. So, now we have fiat money that can be expanded across unlimited population size.
The problem with the FED idea is that the FED is loaning money into existence, and is collecting double in return for the money - not including the extra amount they get from interest on the loans. Half of this double loan repayment is going directly into FED owners private coffers. It gives the private owners money to manipulate the world, provided they don't push enough of it onto the market to inflate it beyond what the people can bear.
The point is that we are giving the world to the owners of the FED little by little, simply by using FED fiat money. They owe us the money back. So, they are trying to move the money system into CBDC to greatly confuse the fact that they owe us countless $trillions, and to maintain their control of money into the future.
The answer is to get rid of the FED, and to take back the money FED owners have stolen from us, militarily if no other way.
