Warning Shot Fired! - Daily Reckoning

2.2.23 - Warning Shot Fired! - Daily Reckoning

Gold last traded at $1,912 an ounce. Silver at $23.47 an ounce.

Warning Shot Fired! - Daily Reckoning

Another warning shot across the bow just happened...

I warned my readers a few weeks ago about how the Federal Reserve, in cooperation with giant global banks, has launched a 12-week pilot project to test the message systems and payment processes on the new CBDC dollar.

A pilot project is not research and development. That's already done. The pilot means that what I call "Biden Bucks" are here, and the backers just want to test the plumbing before they roll the system out on the entire population.

That project is due to be completed next month. In other words, Biden Bucks are getting closer to becoming a reality for us all. Now there is another big development to keep you up to speed...

This month, the Digital Dollar Project (DDP) released an updated version of its white paper called "Exploring a U.S. CBDC."

The project expanded the paper in order to examine central bank digital currency projects internationally, though its focus is still on the United States. Since its original white paper release in 2020, CBDC projects worldwide have increased from 35 to 114.