Right before Thanksgiving, when Americans were distracted with travel plans and family feasts, the Federal Reserve announced it is testing its own CBDC (Central Bank Digital Currency). Carol Roth, former investment banker and author of ‘The War On Small Business,’ joins Glenn to detail how this CBDC.
Financial institutions like MasterCard and Wells Fargo now are participating in a pilot program for digital dollars. FBI Director Christopher Wray recently failed to clearly answer questions about potential FBI involvement in the January 6th riot, and NBC suspended a reporter after his participation.
The Federal Reserve is considering not just switching to a digital dollar, but a programmable digital dollar, which would change how our entire economic system works, Glenn warns. But what would that actually look like for the average American? Rep. Patrick McHenry, who s a top choice for the Chairm.
For Glenn the biggest story of the week is also the least talked about one: Joe Biden’s recent executive order on cryptocurrency. In this clip, Glenn explains how the Biden administration is targeting crypto, what’s to come from the contents of that executive order, how it likely will be used to fur.