Central Bank Fiat Currency: As Yoda would say, “Clear, your mind must be, if you are to discover the real villains behind this plot.”

The author discusses various financial matters, notably the history and risks of fiat currency, the role of the Federal Reserve, and the development of digital currencies. The author criticizes the Fed’s “responsible” management of digital assets, underscores the need for congressional approval for issuing digital dollars, and expresses personal concern over a Central Bank Digital Currency. Furthermore, the author highlights possible surveillance risks associated with China’s Digital Yuan.