Will Cryptocurrency Replace The Dollar [View all]
What a radical headline for me to post, needed to get your attention.
3 Cryptocurrency Bills are scheduled to be voted on today, the Genius Act being the worst of the 3. It will allow the creation of a central bank digital currency.
Krasnov has made billions in crypto since taking office, crypto is the choice for drug dealers and arms traffickers since it is nearly impossible to trace.
These 3 bills are supposed to regulate crypto but that is a smoke screen, there is no enforcement mechanism. These 3 bills are going to give a huge boost to cryptocurrency and many Congressional Democrats are on board.
Krasnov has been doing everything he can to weaken the dollar, the latest inflation uptick will pour cold water on his efforts to get the Fed to cut interest rates.
It would be hard, but not impossible, for the dollar to lose its status as the world's currency. The 8 BRIC countries are working on a basket currency that would replace the dollar.
I expect all 3 bills to pass. The autocracy rolls on, but keep asking me for money for drapes for our house when it is on fire.
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