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The US dollar is already essentially digital. No printing is required to debase the IOUnothing fiat we call the dollar. New dollars are created through nothing more than accounting entries at the Fed and within the financial system. A true digital currency will make it easier for the government to track and control your financial activity but it won't do anything to address monetary and fiscal distortions which are going to lead to a secular financial collapse; now likely imminent. There is zero reason to expect a happy ending given current conditions.

Aug 10, 2022
at
7:55 PM

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