The proposal or “white paper” for the digital dollar has been released. There is a race globally to go digital in monetary policy. The big push over the next decade will be to rid the world of physical cash. With most countries on board with this movement to a cashless society, you will begin to see more transparency in how money is being moved. There are a few countries who are in the beta phase of their digital currency; China, being the most obvious country in this phase. Their digital currency is circulating through 5 of their provinces, and they anticipate being fully cashless by 2021.
The race to solidify and implement CBDCs in countries around the world is heating up, and no one wants to be left behind in this fourth industrial revolution. No country wants to lag behind in this historical innovation, because the faster and more efficient a country is, the faster that country will transition into this digital revolution. The signs are all around you, 5 years from now, will you say “I had the opportunity to solidify my financial freedom, but I was too afraid and allowed others to control my fate.” Now 5 years have passed and the nice chunk of savings and 401k has diminished in value by 30%, because of hyper inflation caused by the constant money printing and low interest rates. Seize the moment and take back your life!