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The U.S. dollar as we know it is in serious jeopardy – and the biggest threat may be from the U.S. Treasury itself.
For more than 75 years, the dollar has been the world’s reserve currency – making it the one currency all countries have agreed to use for global trade.
That means trillions of U.S. dollars change hands around the world every single day, and that’s given it a tremendous amount of power in the world financial markets.
It’s called a “central bank digital currency” (or CBDC), and it’s the U.S. government’s response to the booming cryptocurrency market.
But CBDCs are actually far different from traditional cryptocurrencies like Bitcoin or Ethereum, with the main difference being that they’re completely controlled by the federal government.
That means this new “digital dollar” could end up being fully “trackable”, giving the government a tremendous amount of power over what transactions they consider acceptable.
Not only that, but this new “digital dollar” could send shockwaves throughout the financial markets, and have far-reaching and potentially devastating effects on the value of American savings accounts.
It’s no wonder Fox News called this a “deeply troubling development” and why Bloomberg said “CBDCs have the potential to disrupt the world of money as we know it.”
Today Jim Rickards – a legendary economist who was an advisor to both the CIA and the Pentagon – has sounded a critical alarm about this troubling new development.
In his vitally important new exposé he explains exactly why this is such a serious threat to the privacy and personal security of all Americans – and why it gives a disturbing amount of control over your money, straight to the U.S. government.
If you have any money in stocks, bonds, a savings account or 401(k), you need to know this information.