Post
Topic
Board Economics
Re: Fed on brink of fifth(?) round of quantitative easing
by
larry_vw_1955
on 25/07/2023, 01:48:07 UTC
as though that's ever happened before in the united states. i doubt it.
Oh really? Do you know for whom your beloved Biden is working for? Roll Eyes
he's working for the democratic party. that's why he let all the immigrants come in so they could vote democrat.


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CBDC will come with restrictions (social credit score, carbon credits). Have you been living under a rock or what? Shocked
all of the trial UBI programs I've seen have no restrictions on how people use the money.

https://www.theguardian.com/society/2023/jun/04/universal-basic-income-of-1600-pounds-a-month-to-be-trialled-in-england

A universal basic income of £1,600 a month is to be trialled in England for the first time in a pilot programme.

Thirty people will be paid a lump sum without conditions each month for two years and will be observed to understand the effects on their lives.



https://www.freep.com/story/news/local/michigan/2023/07/02/guaranteed-income-ann-arbor-universal-basic-income/70360484007/

Ann Arbor recently joined the growing list of cities across the nation exploring what happens when lower income families receive a steady stream of cash in their pockets each month — no strings attached.


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If you think it will be that easy to buy BTC with CBDC on Binance or Coinbase (for example), I have a bridge to sell ya... Grin

i'm not even sure why someone receiving a nice UBI would even care about wasting their time sending their important money off to some untrusted third party to buy something that they don't even know why they need it. they're going to get more money the next month so they might as well spend what they have right now rather than gambling is the way I see it...

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I suggest to watch this video, if you want to be mentally prepared:

https://www.youtube.com/watch?v=vWkepoLUZfs
i've already seen enough sci fi movies. nothing new there most likely!