This is a must-read article to understand one point: CBDCs will allow citizens to bypass commercial banks in order to hold digital currency accounts directly with the Federal Reserve. This is profound because it risks driving all peripheral banks, S&Ls and credit unions out of business; it also takes Constitutional authority away from the Senate to regulate currency and coinage. Few are talking about this, but the WSJ has just put it in your face!
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Patrick Wood is a leading and critical expert on Sustainable Development, Green Economy, Agenda 21, 2030 Agenda and historic Technocracy. He is the author of Technocracy Rising: The Trojan Horse of Global Transformation (2015) and co-author of Trilaterals Over Washington, Volumes I and II (1978-1980) with the late Antony C. Sutton.
