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CBDC - Central Bank Digital Currency


Thanks for reading: The Washington-Reality Bubble Goes POP. Try not to get bubble-gum on your face. But, once it's over, it's all over! I hope you're making plans just for that eventuality. Remember: Life is too important to take it seriously! - JL


A CBDC is a digital form of central bank money that is widely available to the general public.

"Central bank money" refers to money that is a liability of the central bank. In the United States, there are currently two types of central bank money: physical currency issued by the Federal Reserve and digital balances held by commercial banks at the Federal Reserve.

While Americans have long held money predominantly in digital form—for example in bank accounts, payment apps or through online transactions—a CBDC would differ from existing digital money available to the general public because a CBDC would be a liability of the Federal Reserve, not of a commercial bank.


Jacopo Tintoretto-The Origin of the Milky Way (1575)


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