BofA: Fed Will Use Digital Dollars To Unleash Inflation, Universal Basic Income And Debt Forgiveness

The Fed is about to issue free digital dollars for every American, but don’t be mistaken – that will come with a price. In an attempt to conceal their massive inflation targets defending the plan would solely provide further support for unemployment households, the Federal Reserve is now unleashing its Helicopter Money 2.0. However, the creation of digital money may arrive at the expense of the total devastation of the currency, staggering hyperinflation, and the forgiveness of the colossal national debt.
That’s why today, we gathered numerous experts’ insights that outline the real implications of this measure to the fragile US economy, and explain how the shift to a digital currency might allow the institution to surveil every transaction ever made using their app. So stay tuned, and don’t forget to give this video a thumbs up, share it with friends, and subscribe to our channel not to miss the next unfoldings of the US economic collapse.




Recently, the Fed has accepted that its favorite stimulus pathway has failed to boost the broader economy, but instead of reviewing its current money-printing policy, Fed officials decided to put the blame on how it is intermediated, particularly the way it creates excess reserves that ultimately end at commercial banks instead tracking its path down to consumer level. That is to say, even though the institution doesn’t admit, since it introduced QE and NIRP, the Fed has only worsened the situation it has been trying to fix, while continued to expand the biggest asset price bubble in history.
Right after the start of the widespread shutdowns and the huge spike in unemployment, the Fed has tried to short-circuit this process, and hand in hand with the Treasury it has issued its first round of “helicopter money”, which provided the direct transference of funds to US corporations via PPP loans, and also to end consumers via the emergency $600 weekly unemployment benefits. But the trillion-dollar stimulus relief wore off at an extremely fast pace, even before millions of workers had the chance to file claims to receive some help.
Despite the economy increasing needs for a massive liquidity tsunami, the funds created by the Fed and Treasury still never managed to reach those who need them the most – the end consumers. Now, with the alleged goal of reaching consumers who have been traditionally underserved by financial institutions, the Cleveland Fed website has disclosed that “legislation has proposed that each American have an account at the Fed in which digital dollars could be deposited, as liabilities of the Federal Reserve Banks, which could be used for emergency payments.”
Although the measure might look like a form of assistance to the American people, analysts have been warning that this is the perfect opportunity for them to raise surveillance on the public’s transactions.
At some point, the Fed could also obliterate such digital currency and wipe out people’s accounts. But as experts have been pointing out, for the time being, their aim is to successfully disintermediate commercial banks, since it would both offer loans to US consumers and directly deposit funds into their accounts, in that way, the agency would have the power to actually make the entire traditional banking system obsolete.

And before you think this is some type of “tin-foil theory” Fed opposers are trying to propagate in order to discredit the agency, the institution itself admitted its intentions in a recent statement transmitted on their website. Here goes what they said word-by-word: “Other proposals would create a new payment instrument, digital cash, which would be just like the physical currency issued by central banks today, but in a digital form and, potentially, without the anonymity of physical currency. Depending on how these currencies are designed, central banks could support them without the need for commercial bank involvement via direct issuance into the end-users’ digital wallets combined with central-bank-facilitated transfer and redemption services.”
With that said, their plan to deposit “digital dollars” to “each American” essentially bypasses Congress and gives the agency targeted “fiscal stimulus” capabilities. In that sense, it could trigger a substantial reflationary spike since the marginal price setters for economic goods and services is the lower-income segment of the American society.

What we still don’t understand in why the media isn’t reporting this news just yet. Where are the reputable economists acknowledging the undeniable fact that China has just become the most powerful economy of the world? What we can surely say is that this signals the end of an era for the U.S. economy and the beginning of a whole new level of economic suffering.

Epic Economist website: https://www.epiceconomist.com

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71 comments

  • ItzJuss Mee

    Covfefe-19 is a currency reset, It’s financial terrorism, no mask can save us! Government has killed more people just in the past century than any other plague, virus or disease.

    • zebratangozebra

      They want to crush the $ to force everyone into digital currency. Covid is a smokescreen to accomplish it.

    • Prussian Revivalist

      @ItzJuss Mee, you know it’s interesting you bring up the “Covfefe” because I somehow had a feeling when I first heard of the COVID nonsense that there was a “code-word” behind Covfefe. It brought a flashback to my mind when Trump mentioned that, along with “Keeping America Safe”. There has been an overly unusual obsession and focus on “safety” since he got in.

    • Liter One

      @Prussian Revivalist For when they shall say Peace and Safety, then sudden destruction comes upon them, as travail upon a woman with child, and they shall not escape

  • zebratangozebra

    They want to crush the $ to force digital currency. Covid is a smokescreen to accomplish it.

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    • Evan Roberts

      @Romero santana how

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  • Rick Melbye

    The Fed is a private company, not a government agency. Why would we give them that much power?

    • Alexander Rojas

      Hello brothers and sisters are you business man/woman, politician, musician, soccer player or student and do you want to be rich,powerful and famous in life.You can achieve your dreams by being a member of the Illuminati. With this all your dreams and heart desire can be fully accomplishment,It’s optional to join the most powerful secret society in the world illuminati. To Join the illuminati family originally called the ILLUMINATE ORDER; explore the ends of riches..I extend an open invitation to all those who agree with the concept of individual rights to apply and join the illuminati Order.Join the world of the happiest and most influenced people in the world and be the first to join an receive some of $500,000 dollars as a benefits of being a full member.whatsaap the Grand Master via +1(778) 784-7987 join the illuminati family or via Email:illuminatioutreach15@gmail.com🔺🔺

    • Dave c

      @Don Don The Creature

    • Dave c

      @Samuel Smith Yes Carlin’s and you aint part of the club is brilliant

    • mikke2130

      Because we are slaves to the system

    • Duppsy Daisy

      It happened so slowly.

  • Intelligently Stoopid

    They wont be “quietly taking control.” Its going to get real loud

    • EDUCO

      I missed this part- care to give more context?

    • Intelligently Stoopid

      I just mean that i dont believe the takeover is going to go as smoothly and quietly as the powers that be would like. I think there will be more of an uprising the more they impose on our freedoms. We still have our guns too so eventually we will see more people with them in the streets, and more people pulling the triggers.

  • Bidens Laptop

    James Corbett was saying it was digital dollars since before the pandemic. This was the main driver. Negative Rates+ Q.E forever.

  • Sharon Crawford

    The plan is unfolding.

  • MMM DDD

    Great information, wrong voice.

  • MAXIM, Holland Nederland, the Netherlands.

    Digital imaginary money right.

    It saves printing money that is fake already.

    Most countries in the world are already bankrupt 😂😂😂

  • Jagzilla

    Cashpocalypse NOW!

  • websurferguy

    I wonder if the new Irish voice gets paid in lucky charms.

    • Jane Sanchez

      I can’t get past the new voice either.

    • Alexander Rojas

      Hello brothers and sisters are you business man/woman, politician, musician, soccer player or student and do you want to be rich,powerful and famous in life.You can achieve your dreams by being a member of the Illuminati. With this all your dreams and heart desire can be fully accomplishment,It’s optional to join the most powerful secret society in the world illuminati. To Join the illuminati family originally called the ILLUMINATE ORDER; explore the ends of riches..I extend an open invitation to all those who agree with the concept of individual rights to apply and join the illuminati Order.Join the world of the happiest and most influenced people in the world and be the first to join an receive some of $500,000 dollars as a benefits of being a full member.whatsaap the Grand Master via +1(778) 784-7987 join the illuminati family or via Email:illuminatioutreach15@gmail.com🔺🔺

  • John Liu

    Watch Hidden SECRET of Money Mike Maloney been saying all this happening for over 10years

    • fmagalhaes1521

      That series has bee quite prophetic.

    • Alexander Rojas

      Hello brothers and sisters are you business man/woman, politician, musician, soccer player or student and do you want to be rich,powerful and famous in life.You can achieve your dreams by being a member of the Illuminati. With this all your dreams and heart desire can be fully accomplishment,It’s optional to join the most powerful secret society in the world illuminati. To Join the illuminati family originally called the ILLUMINATE ORDER; explore the ends of riches..I extend an open invitation to all those who agree with the concept of individual rights to apply and join the illuminati Order.Join the world of the happiest and most influenced people in the world and be the first to join an receive some of $500,000 dollars as a benefits of being a full member.whatsaap the Grand Master via +1(778) 784-7987 join the illuminati family or via Email:illuminatioutreach15@gmail.com🔺🔺

  • Host Mo Berry

    This is agenda 21. The great reset is coming. Have you dependant on our leaders. That’s Y they are dangling that 2nd stimulus check in our faces. To see how many people will keep begging for their help… this is a great way for anyone who is looked at as a domestic terrorist to be completely cut off

  • Ronzel Lewis

    ALL.I CAN SAY THE RICH WILL GET RICHER AND THE POOR WILL BE SLAVES

  • David Thomas

    Don’t worry, they’ll screw this up like everything else they touch.

  • Paul Hogsten

    This narrator sucks! You need the 1st guy back (he didn’t die of COVID, did he?)!

  • szaki

    I think, there’s gonna be another wave of Corona virus coming soon, a bad one, so Gov. s kill paper and coin money, because it can spread the virus. People will be forced to use only digital currency and shop online!
    It’s all ready here and used in China, paying with mobile devices even in farmers markets.
    Western world just lagging behind China!

    • Jordan Westpac

      @Ryan Clabough We’re already monitored through our phones

    • Ryan Clabough

      @szaki you cant monitor cash hidden under my bed

    • Bruno-Pierre Couture

      @Ryan Clabough well if you have 500k under your bed you cant really spend it either or you will have to justify where you got the money…
      They already know (or should legally know) all your sources of income

    • Ryan Clabough

      @Bruno-Pierre Couture I already pay taxes on money I earn . Then I pay taxes on products I buy. And at the end of the year I pay income tax. The money under my bed has been taxed once and will be taxed again when i purchase something with it. I think that’s enough taxes

    • Little Red Hen

      True.

  • Selim Keskin

    They can make digital money but the world can’t accept this money.

    • Trevor Schrock

      It already is accepted. The dollar is already digital.

    • Gia B

      I think calling means is there’s a lot of countries which still use physical dollars. and millions and millions of people around the world do not have digital bank accounts.

    • Trevor Schrock

      @Gia B fintech companies already have this solved. If you have a smartphone, you can have a bank account.

    • EMichael NY

      If it’s given free, it’ll be accepted; like a drug dealer giving a new addict a free sample of a new drug just to get him addicted and coming back for more.

  • insert random name here

    This should scare the crap out of anyone who has ever had a credit card number stolen or SS# stolen. You could be wiped out of everything in seconds.

  • kendra mckenna

    One world currency. Funny how every country in the world is shutting its doors although they know it will crush their economies. Funny how digital currency is now on the table.

    Damn seems everyday we are getting closer and closer to one world order/government/currency.

  • Ricardo Silva

    Every wise individual list is to invest in different streams of income that don’t depend on the government to bring money especially now the pandemic is hitting the economy pretty hard 💯💯💰💰.

    • OLIVER HANSEN

      You are right but believe me a successful trade is determine by the broker ability to trade and your willingness to invest what can yeild good profits on trade .

    • Alexis Castillo

      I had been studying how to invest in past months and I hope what I have will help a lot later.

    • Alexander Rojas

      Hello brothers and sisters are you business man/woman, politician, musician, soccer player or student and do you want to be rich,powerful and famous in life.You can achieve your dreams by being a member of the Illuminati. With this all your dreams and heart desire can be fully accomplishment,It’s optional to join the most powerful secret society in the world illuminati. To Join the illuminati family originally called the ILLUMINATE ORDER; explore the ends of riches..I extend an open invitation to all those who agree with the concept of individual rights to apply and join the illuminati Order.Join the world of the happiest and most influenced people in the world and be the first to join an receive some of $500,000 dollars as a benefits of being a full member.whatsaap the Grand Master via +1(778) 784-7987 join the illuminati family or via Email:illuminatioutreach15@gmail.com🔺🔺

    • Shyon Mottaghi

      @Mia Frederick look into a few and hold it for the long term. Once we finally make the transition you’ll the see the investment pay off.

    • Dave c

      @Anna Mcmahan No…investing in the right things is the thing to do…Gold,silver and crypto.
      Bonds…NO!!!STOCKS…NO!!!Real Estate…No!!!

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