Whether You Like It or Not, The Digital Dollar Is Coming

[Inside Wall Street with Nomi Prins]( Whether You Like It or Not, The Digital Dollar Is Coming By Nomi Prins, Editor, Inside Wall Street with Nomi Prins The digital dollar is upon us. With every passing day, our government is closer to adopting a central bank digital currency (CBDC) and transforming our monetary system. A CBDC is a currency that would not be printed. It would only exist in cyberspace, allowing consumers to transact without a bank account. This would bring a major shift to our lives… affecting how we earn money to the ways we spend it. Now, a CBDC isn’t necessarily all bad. It’s a potentially revolutionary technology. For example, it could jumpstart innovations in the financial sector and support new business models. But if you’ve been reading Inside Wall Street, you’ll know I don’t believe that the potential benefits outweigh the dangers. And that’s because the digital dollar will give the Fed and government almost unbreakable financial control over your life. Today, I want to shed light on some key developments relating to the topic. I’ll also show you one way to position yourself against this inevitable trend… Recommended Link [“Stock Shock” Hits America October 1st (Prepare Now) – Multimillionaire Trader]( [image]( Over $13 trillion in household wealth has been wiped out… And stocks STILL cost DOUBLE what they did before the 2008 crash… But is the best solution really to just sit in cash? No. Over the last 4-decades, our firm has publicly predicted the fall of the Soviet Union… the Dot-Com collapse… the 2008 crash… Trump’s presidency… and the 2020, 2022, and 2023 crashes. Now, millionaire Jeff Clark is issuing a [new WARNING]( unlike anything we’ve seen in years. A [“Stock Shock” is coming to America]( that could be the worst OR BEST thing for your investments depending how you act BEFORE October 1st. Jeff’s also revealing the [ONE secret to getting ahead of this new shock]( and profiting in any market condition – closing returns of huge gains in only 8 days. [Click Here to See Jeff’s New WARNING.]( -- From Hamilton to Cedar The U.S. CBDC project all started with Project Hamilton. I wouldn’t blame you for not knowing about it… There was little fanfare when it kicked off in August 2020. Back then, the Fed embarked on a “multi-year exploratory research project” on issuing a CBDC that could be used by an economy as large as the United States. It was an important moment… For the first time ever, the Fed signaled its intent to use a CBDC for all economic transactions across our nation. Last year, the Fed and its partner, the Massachusetts Institute of Technology (MIT), concluded the project. The outcome? Scientists created a code that’s capable of handling 1.84 million transactions per second. They also found the “vast majority” of transactions settled in under two seconds. Then, they released OpenCBDC-tx, a research codebase under a larger open-source project called OpenCBDC. The stated goal of this global codebase is “to help central bankers, policymakers, academics, and others make decisions on how this technology might be developed.” And the results were encouraging… So encouraging, in fact, that the Fed kicked off two more CBDC initiatives that same year: the Regulated Liability Network (RLN) and Project Cedar. Spearheaded by the Fed’s New York branch, the RLN made use of blockchain tech to make settlements between banks as they exchange simulated digital tokens. It was a 12-week pilot program for the new digital dollar. And it involved global finance giants like BNY Mellon, Citi, Wells Fargo, and SWIFT. Meanwhile, Project Cedar saw the Fed team up with other central banks to explore the potential of cross-border payments using a CBDC. As part of the project, they tested exchange spot trades to determine whether a blockchain solution could improve “speed, cost, and access to cross-border wholesale payments.” The results were very promising. Again. The Fed and the Monetary Authority of Singapore found that blockchain can significantly improve cross-border payments. The two central banks managed to link their digital currency ledgers without a central clearing authority or a shared central network. The payments were automatic and reduced counterparty risk. An end-to-end settlement was achieved in under 30 seconds. Now, Project Cedar is currently focused on so-called "wholesale" transactions. These are transactions between banks and clearing firms… not the general public. But that doesn’t change the reality at hand. And it’s that the push for the digital dollar continues… Recommended Link [Bizarre Amazon Secret – Not Available on CNN, Fox, or MSNBC]( [image]( Amazon. It’s one of the most profitable companies on Earth. Yet, according to Brad Thomas, a multi-millionaire, best-selling author, and former economic advisor to President Trump… What few people realize is, thanks to a little-known IRS loophole – billions of dollars get paid out each year… Required by law! With the next payout scheduled to go out on September 10th! Brad has been featured on Bloomberg, Fox & Friends, Barron’s, CNN, Kiplinger, NPR, MSNBC, and Forbes… But he’s never revealed this secret anywhere… Until now… [Watch the Video Now (Brad Reveals Amazon “Payout” Loophole)]( -- Not Just a U.S. Project Here’s the thing you need to understand about CBDCs. They’re not just a U.S. project. They’re a global phenomenon. According to the Atlantic Council Central Bank Digital Currency Tracker, 114 countries are currently exploring a central bank digital currency. This represents 95% of global GDP. At writing, 65 countries are in the advanced stages of CBDC development. Eleven countries have already launched their own CBDCs. These include Nigeria, Jamaica, the Bahamas, and eight countries in the Eastern Caribbean. Twenty countries are currently trialing CBDCs. These include China, Hong Kong, Sweden, Saudi Arabia, Russia, South Africa, and Singapore. In Australia, the government is conducting pilot programs with multiple financial institutions to test CBDC use cases. In Brazil, the Central Bank of Brazil aims to launch a CBDC in 2024. Earlier this year, Brazil successfully implemented a closed pilot program with financial institutions. In China, the government recently included the digital yuan, also known as e-CNY, in its currency circulation calculations. The e-CNY represents 0.13% of cash and reserves held by the central bank. China was the first major economy to test a CBDC when it began pilots in April 2020. At writing, the government has rolled out e-CNY in four cities: Shenzhen, Suzhou, Xiong’an, and Chengdu. Here’s the bottom line. Countries are falling over each other in their scramble to develop a CBDC. For a while, the U.S. was trailing behind. In fact, without Project Cedar, the Federal Reserve would be far from matching the progress made by its global counterparts. But the successful outcomes of this initiative have now allowed the U.S. to transition from the research phase into the development stage. And with that, all Group of Seven (G7) economies are now in the development stage of a CBDC. That means the world’s largest and most advanced economies – including the U.S., U.K., and Germany – are all getting serious about adopting CBDCs. Recommended Link [Bank Vaults Empty?]( [image]( Some are calling it sabotage… Others call it a ‘reset’ or a ‘controlled demolition’… According to Nomi Prins, you can call it whatever you want – the end result is the same. She says: “The transformation of our financial system is nearly complete. The final straw could be an extended run on cash as the FDIC and the Fed run out of money to insure Americans’ deposits. What happens next could represent the biggest financial overhaul since 1971 – and it could literally take the cash out of your wallet by July 31.” To show you what’s coming – and to help you prepare – Dr. Prins has recorded a free presentation where she lays out the Fed’s plan and details what happens next. [Click here to find out what you need to do to prepare for this historic transformation.]( -- What This Means for Your Money It’s inevitable that the U.S. will adopt an-all digital form of the dollar at some point. This won’t happen overnight. But it’s a “when,” not an “if.” In fact, on July 31, the Fed is set to unleash the biggest monetary transformation of our time… It will upend the way we interact with the financial system – and the way the financial system interacts with us. Make no mistake, this is an inside attack on the dollar. I believe it will blindside millions of Americans… and could leave a permanent scar on their finances. But this alarming event is also a rare opportunity to turn just a modest investment into a generational nest egg. That’s why I’m holding an emergency briefing tonight at 8 p.m. ET. I’m calling it [Countdown to Chaos (click here to RSVP instantly)](. During the event, I’ll explain what plans the Fed has for our money… and one way you can prepare for what’s about to happen. It involves a little-known asset with the potential to deliver 50x returns. Here’s the thing… The coming chaos isn’t about a single bank or stock going down. It’s much, much bigger than that. And it’ll have implications for you and your children’s financial futures. [So join me tonight in my briefing (sign up instantly here)](. And learn more about how you can protect – and even grow – your wealth. Regards, [signature] Nomi Prins Editor, Inside Wall Street with Nomi Prins P.S. Just this year alone, we saw five banks go belly up within the span of weeks. The truth is, the dangers in the financial sector continue to lurk behind closed doors. And as the Fed unleashes its final transformation of our financial system, more banks are in line to collapse… putting your money on shaky grounds. To help you make the most of my special briefing, I’ve prepared a special report called The 722 Bank Bombshell: Is YOUR Bank Next to Fail? In it, I detail seven banks that are on the brink of failure. [To access the report, make sure you upgrade to VIP right here when you sign up for my event](. I look forward to seeing you tonight. --------------------------------------------------------------- Like what you’re reading? Send your thoughts to [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). MAILBAG Without the creation and rise of blockchain technology, do you think governments around the world would still want to create their own CBDCs? And are you planning to attend Nomi’s special briefing tonight? Write us at [feedback@rogueeconomics.com](mailto:feedback@rogueeconomics.com?subject=RE: Inside Wall Street Feedback). IN CASE YOU MISSED IT… [Billionaire CEO warns Americans to prepare for “other surprises”]( When asked about the fate of the U.S. economy… JP Morgan CEO Jamie Dimon warned “other surprises” are on the horizon. To see why and how to protect yourself… [Click here and watch what happens in the first 10 seconds of this video.]( [image]( [Rogue Economincs]( Rogue Economics 55 NE 5th Avenue, Delray Beach, FL 33483 [www.rogueeconomics.com]( [Tweet]( [TWITTER]( To ensure our emails continue reaching your inbox, please [add our email address]( to your address book. 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