Whether the U.S. should have its own central bank digital currency (CBDC) is hotly debated. Several countries, including China, already have CBDCs in operation; but the U.S. Federal Reserve is proceeding with caution. Prof. Saule Omarova, President Biden’s nominee for Comptroller of the Currency, is in favor of a CBDC and has made a strong case for it; but many conservative commentators are opposed, and her nomination remains in doubt.
Continue readingFiled under: Ellen Brown Articles/Commentary | Tagged: banking, CBDC, CENTRAL BANK DIGITAL CURRENCY, china, Dodd-Frank, DOLLAR, FDIC, Federal Reserve, GREAT DEPRESSION, IMF, OMAROVA, PRESIDENT BIDEN, Trump and the Fed | 13 Comments »
WEB OF DEBT BLOG 
Rather Than Sink Main Street by Raising Interest Rates, the Fed Could Save It. Here’s How.
Inflation is plaguing consumer markets, putting pressure on the Federal Reserve to raise interest rates to tighten the money supply. But as Rex Nutting writes in a MarketWatch column titled “Why Interest Rates Aren’t Really the Right Tool to Control Inflation”:
Continue reading →Filed under: Ellen Brown Articles/Commentary | Tagged: Bank of North Dakota, economy, Ellen Brown, Fed, FED REFORM, Federal Reserve, FEDERAL RESERVE ACT, Great Reset, IMF, Inflation, interest rates, WEF | 20 Comments »