Fed Kicks Off Debate on Digital Dollar
By Boom Bust
With markets taking a beating this week, where are investors turning for a hedge? We take a look at the performance of global stocks and the toll of inflation. Plus, the Federal Reserve is making moves to expand its presence in the digital currency space. We take a look into the central bank’s efforts and how it will impact major crypto-currencies. And, could the gaming sector soon be dominated by cryptocurrency? We discuss the future for the industry and how crypto could cement itself in the community.
Here’s what others had to say:
Foong Yoke Peng
Hi Brent and Rachel, love this episode in particular when Brent teased Ben about the US digital roll out. A good one.
We will see double digit inflation and “high” interest rates. People think they are mutually exclusive but they are not. Food and fuel prices will rage uncontrollably.
Ng Yee Tat
Lol. “Debate”. Meanwhile in China, they are launching the Digital Yuan this year.
The problem with precious metals is your going to lose 20% of your money right off the bat. You lose by paying overspot and you will lose when you sell so only invest if your in it for the long run.
There was a massive sell off of Nasdaq and Bitcoin, nothing new here. Buy when the market is in fear!
No one will deposit money to the bank. The banking industry will oppose, and credit card companies will also be against it since they do not make any commission. So, it will not gonna happen in the US for a long time when a few industries are against it.
Everything reeks inflation in the economy…. I don’t know who, however a person desires to pay attention to this, you have to stop relying on the government and saving all of your money . Venture into making an investment a few in case you actually want monetary freedom.