New York Fed and Big Financial Companies to Start Testing the Ominous ‘Digital Dollar’

It’s official: The Federal Reserve Bank of New York announced Tuesday that it and a group of big financial institutions will be testing, over a 12-week period, use of “digital dollars” — the term now often being used to describe a central bank digital currency (CBDC) from the Federal Reserve. CBDCs threaten to eviscerate privacy and enable direct and sweeping control over who can spend how much and on what, all based on the desires of financial and governmental elites.

Continue reading at http://ronpaulinstitute.org/archives/peace-and-prosperity/2022/november/16/new-york-fed-and-big-financial-companies-to-start-testing-the-ominous-digital-dollar/