The Deep State Globalist Elite want to ban cash.
I predicted thith!!!
Senate Democrats voted down what would have been anuddah bailout yesterday because it didn’t do nearly enough to satisfy their appetite for money printing.
Nancy Pelosi then proposed an alternative 1100 page bill in the House that would literally replace cash with a “digital dollar” issued by the Federal Reserve through digital wallets that are likewise maintained by the Federal Reserve on behalf of “U.S. Persons”.
She says it’s because poor people don’t have bank accounts and therefore won’t be able to cash checks. I’m sure she will also eventually cite the potential for cash to spread the coronavirus, if she hasn’t already.
The real reason?
Inflation and bank runs are coming.
Regular listeners of this show knew to expect this well before the coronavirus was a garnish in some Chinese guy’s soup, but we’ll be doing a bit of a deep dive anyway for the uninitiated.
This is EPISODE 395 of So to Speak w/ Jared Howe!
Edit: The Fed’s ETF purchases are in the BOND market; not the stock market. The bond market is actually three times larger than the stock market.