DefendingUtah (@DefendingUtah)

Catherine Austin Fitts: Why Stablecoins May Be “Much More Terrifying” Than CBDCs "For years, much of the debate over digital money has focused on one feared development: the central bank digital currency, or CBDC. Critics have warned that a CBDC could transform money from something people simply possess and exchange into something that can potentially be tracked, programmed, restricted, frozen, or conditioned upon behavior. But Catherine Austin Fitts argues that Americans may now be watching the wrong door. In her interview with Miles Franklin Media, Fitts makes a provocative argument: the United States may not need a retail CBDC to construct the kind of programmable financial architecture that CBDC critics fear. Instead, she says, much of that functionality could emerge through a combination of: stablecoins + tokenized bank deposits + distributed ledgers + digital assets + surveillance...." https://ironcountynews.org/catherine-austin-fitts-why-stablecoins-may-be-much-more-terrifying-than-cbdcs/