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Biden Orders Work To Begin On Future Digital Dollar by Heather Scott and Aurelia End

March 11, 2022March 11, 2022 EarthNewspaper.com Comment(0)

President Joe Biden on Wednesday ordered government agencies to begin work on creating a digital US dollar, weighing the risks and benefits of a move that could be a game changer for the global financial system. Coming amid the explosive rise of private crypto currencies like bitcoin, the US effort will place “the highest urgency on research and development efforts into the potential design and deployment options of a United States” digital currency, according to an executive order signed by Biden. “A United States CBDC may have the potential to support efficient and low-cost transactions, particularly for cross-border funds transfers and payments, and to foster greater access to the financial system,” the order said, adding it could also be less risky than private digital assets. CBDC stands for central bank digital currency. The world’s largest economy will join more than 100 countries that are exploring or have launched pilot programs with their own central bank digital currency, including China’s digital yuan.
https://techxplore.com/news/2022-03-biden-future-digital-dollar.html

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John Lennon was the greatest singer-songwriter and the most influential political artist of the twentieth century. He was assassinated on Monday, December 8, 1980, walking into the Dakota, his home on the upper West side of Manhattan, New York City. I was at the Dakota for nine hours that fateful night. I created this documentary to honor John. Strawberry Fields: Keeping The Spirit Of John Lennon Alive (Film) (1:22:08) Producer | Writer | Director: Mark R. Elsis Featuring: Crying For John Lennon by Hargo, Produced by Phil Spector and Graham Ward Released Online: April 1, 2020.

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