Countries Begin Dropping the Dollar; Fed Launches First Stage of Potential Digital Currency

Video Chapters:

0:00 Intro
2:47 Biden signs bill ending Covid national emergency
11:44 Federal Reserve launches FedNow
44:34 New world currency looks to replace the US dollar
1:05:35 Obama received tens of millions from a CCP-linked fugitive?
1:18:54 Q&A with Josh

A slew of nations recently announced they will begin moving away from the U.S. dollar when trading key products, and some are openly promoting a new movement to ditch the dollar for the Chinese yuan. The new movement in “de-dollarization” could deeply impact America’s role as the world leader, and damage its ability to sanction countries that violate basic standards on human rights.

Meanwhile, the Federal Reserve is launching a new program called FedNow, which is slated by some as a potential first step toward a centralized banking digital currency (CBDC) for the United States. The use of digital currencies is being promoted as a way to stop crimes like money laundering, but it’s also deeply criticized as a direct threat to financial freedom. Digital currencies would represent a new type of money where every payment is tracked.

In this live Q&A with Crossroads host Joshua Philipp, we’ll discuss these stories and others, and answer questions from the audience.