Tag Archives: digital dollar

NY Fed Launches Digital Dollar Pilot Program

How many billion disappeared with the FTX crypto currency disaster? There was a famous FTX Super Bowl commercial last February that said Fortune favors the bold. Maybe it should have been Have you ever seen tens of billions of crypto assets disappear overnight? How can something digital represent wealth preservation? It doesn’t folks; it’s just […]

The Digital Dollar is Right Around the Corner

Executive Order 14067 was signed on March 9, 2022. It was the 83rd executive order signed by President Joe Biden since he was in office. The total number of executive orders signed by President Biden far easily exceeds the total by Trump, Obama, or Bush. Executive Order 14067 is officially titled Ensuring Responsible Development of […]

The ECASH Act Transforms Our Money

On March 28, 2022, Rep. Stephen Lynch (MA-08), Chair of the House Committee on Financial Services’ Task Force on Financial Technology, introduced H.R.7231 – The Electronic Currency and Secure Hardware (ECASH) Act. The ECASH Act is co-sponsored by Alma Adams of North Carolina, Ayanna Pressley of Massachusetts, Rashida Tlaib of Michigan, and Jesus Garcia of […]

The Fed is Making its Own Mess a Whole Lot Worse

The Federal Reserve System is the central bank of the United States. There are many reasons why the Federal Reserve is not a government agency. The US has to borrow money and pay interest and fees on it. A truly sovereign money system does not allow the central bank to sell Treasuries to other parties, […]

Digital Dollars and Digital Identity Are Coming to the US

The news outlets have been filled with Russia and Ukraine news. Before that, we were inundated with vaccine and lockdown mandates. Inflation has also taken center stage. The Fed explores interest rate hikes as a stop-gap measure. Oil is near seven-year highs and gas at the pump is headed higher with some economists predicting 1970s […]

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