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Wednesday, February 24, 2021

We Need a Digital Dollar to Counter China, Says Rep. McHenry

 https://youtu.be/g6ufVTJfe2s


*the only way it would work is if the dollar equaled one dollar. there is already a digital coin pegged to the dollar: usdc, busd *(binance usd pegged coin) and usdt (how ever much trust there is in tether left.) it would be a shame if the pegged digital currencies of today appreciated all because of a mismatch that the federal reserves crypto coin would be (presumably fed coin.) There is a chance it would fail because there might be just enough dishonesty with physical cash that is pacifies the local players in any social system. I wonder what congress, the IRS, and the world bank would do? (besides their bosses in "high rooms" of counting everything in the world (yes, that is a physiological disorder.) 


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