Oh, they have plans. Expect the banks to be cut out of the new deal. They're planning to create a digital currency that come directly from the fed. They be able to know everything about your purchases and whether you are privileged enough as a good citizen to continue shopping.
Oh, they have plans. Expect the banks to be cut out of the new deal. They're planning to create a digital currency that come directly from the fed. They be able to know everything about your purchases and whether you are privileged enough as a good citizen to continue shopping.
Dude, the banks ARE the fed.
Dude, the banks ARE the fed.
No, they are closely related but they act as a proxy. This proxy insulates you from undue seizure or examination without a warrant. And the many trusts and credit unions may be run by wealthy individuals, but they are far from being elite. As it stands, a court order is still required before access to your funds is denied, notwithstanding the pettiness of Chase Manhattan and Wells Fargo recently.
No, they are closely related but they act as a proxy. This proxy insulates you from undue seizure or examination without a warrant. And the many trusts and credit unions may be run by wealthy individuals, but they are far from being elite. As it stands, a court order is still required before access to your funds is denied, notwithstanding the pettiness of Chase Manhattan and Wells Fargo recently.
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