The Federal Reserve is trying to figure out how to keep cash relevant in a cashless world. It’s considering digitizing the U.S. dollar, giving people money they can access on their phone and bypassing electronic payments that can be slow and costly for businesses. Illustration: Jacob Reynolds/WSJ

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►►In today’s video, Best Crypto to Buy Now & I go over the Top 5 Cryptos to buy this month in November 2022! The fate of the crypto market lies in something that’s about to happen in about 2 weeks. Luckily for you, I’ve done the research and got a full-proof plan, all you gotta do is watch the video! 🙂

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The Facebook-backed Diem Association plans to launch a new stablecoin tied to the U.S. dollar in 2021. Formerly known as Libra, the digital currency project faced years of pushback from regulators, with key figures deeming the project a failure months after the first white paper launched. So how is Diem getting its previous detractors on board? CNBC’s Joumanna Bercetche spoke to Diem’s chief economist Christian Catalini about what has changed, and what the new coin could mean for consumers.

*Diem has since withdrawn its license application in Switzerland shortly after publication.
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Many people are concerned about the rollout of a Central Bank Digital Currency, especially as we see carnage in the markets everywhere.

It seems like policy makers are doing everything they can to bring as much pain as possible on everyday Americans, while asset prices are crashing, and prices of goods and services are going through the roof.

So, the big question is, are the deliberately trying to reset everything so they can rollout a CBDC?

So, in this video, I’m going to give you exactly what my plan would be if I was in charge — and wanted to rollout a Central Bank Digital Currency successfully. Because if they were to roll this out right now, people wouldn’t have any incentive to migrate over into it unless they had a reason to, which is why everything must go through chaos.

Timecodes
0:00 Video Overview
1:43 Intro
1:46 CBDCs and How They Would Function
3:13 My Plan to Roll Out a CBDC
13:47 Outro

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