Display MoreChakana is on to something. Here's part of the endgame.
Biden to issue executive order to explore U.S. digital dollar (msn.com)
President Biden is signing an executive order Wednesday to explore establishing a U.S. Central Bank Digital Currency (CBDC) — also known as a "U.S. digital dollar" — akin to a cryptocurrency, according to senior Biden administration officials.
One key difference between the digital dollar and cryptocurrency is that the former would be subject to some regulation by central banks. So, for instance, the Federal Reserve could issue some monetary policy around issuance rates, address any inflation concerns and more. Senior Biden administration officials note that already there are more than 100 countries that are looking into issuing their own centralized digital currencies. Several agencies of the federal government have already begun researching the introduction of a U.S. digital dollar, but senior Biden administration officials stressed that this is the first time the federal government has taken a "holistic" approach to assessing a the possibility of a centralized digital currency, connecting both government banking institutions with departments and agencies focused on security considerations to mitigate risk.
So, the Brandon admin wants to suggest that a new currency that is under regulatory control of the central banks is a country's own currency?