The Legacy Report - 13 Sep 2021
During a two-day congressional hearing, Federal Reserve chair Jerome Powell said the main incentive for the U.S. to launch its own central bank digital currency, or CBDC, would be to eliminate crypto coins in America.
Powell said: “Cryptocurrencies are largely for making bets on price increases and haven’t reached the status of payment mechanisms.”
Powell compared crypto to gold.
“For thousands of years, human beings have given gold a special value that it doesn’t have…”
“They’re really vehicles for speculation,” he told The Economic Club of New York in an interview.
And Powell said: “You wouldn’t need stablecoins; you wouldn’t need cryptocurrencies, if you had a digital U.S. currency. “I think that’s one of the stronger arguments in its favor.”
Former Fed chair Janet Yellen is now Treasury secretary.
In February, she told CNBC that she views bitcoin as “a highly speculative asset” and said it is not “widely used as a transmission mechanism” and is an “extremely inefficient way of conducting transactions.”
In this urgent new briefing, Silicon Valley insider Jeff Brown reveals
It’s not for the reasons you might think…
Jeff is a former top tech executive who worked for years for Fortune 500 companies, including a division of QUALCOMM…
And he is part of an exclusive club…
He gets invited to private meetings with early investors in Elon Musk’s SpaceX program, Airbnb, Uber, Facebook, and Lyft…
His peers include a former VP of Twitter, a former CEO of Forbes, as well as several billionaires, and people who have invested in more than 300 private technology companies.
Because as a 30-year Silicon Valley veteran, Jeff has access to tech CEOs, company founders, board members, and inventors that no journalist or financial analyst could ever dream of…
And over the years he has developed a knack for knowing in advance which tech investments are on the cusp of paying off big.
The Fed doesn’t want you to know about this…
The bottom line is for the people to regain their original, moral principles, which have intentionally been watered out over the past generations by our press, TV, and other media owned by the Illuminati/Bilderberger Group, corrupting our morals by making misbehavior acceptable to our society. Only in this way shall we conquer this oncoming wave of evil.
ose-downs will eventually destroy smaller and middle-class businesses, and in so doing, destroying the entire middle-class.
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