Facebook’s Cryptocurrency: Libra

[Dionysus]

Libra will be DOA within a year, IMHO.

Most likely. In the meantime, several central banks announce they are exploring their own digital currency. Existential threat to the dollar?

Central banks join to study possible digital currencies

Bank of England
Bank of Canada
Bank of Japan
European Central Bank
Sveriges Riksbank
Swiss National Bank

 

[Monahorns]

Central bank controlled currency is the problem itself. That is why bitcoin or something similar is the only thing worth working on. Need currency not controlled by government. And yes the Fed is controlled by the government. The Fed kept rates higher than Trump wanted. He yelled about it on social media and probably privately also, and they started reducing rates again. The supposed disconnect between the Federal Reserve and the US Federal Government is there for plausible deniability alone.