The Feds's Digital Dollar Is Here!

It is official. The digital dollar, once talked about, is here. Reuters reported that on Tuesday November 15th, 2022, a statement from the Fed's of New York, announcing that Global Banking Giants and the New York Fed are testing the digital dollar in a 12-week pilots.

Citigroup, HSBC, Mastercard, and Wells Fargo are among the financial companies participating in the experiment. According to New York Fed, the project, which is called the regulated liability network, will use simulated data.

How will that affect you and your finances? Well, go figure. You will no longer have any privacy whatsoever. Your hard-earned savings will be "worth-less". Surely the dollar will continue to devalue resulting in heavily diminishing your purchasing power.

Our government will know what you have, where you have it, and how you are spending it. This is the ultimate control that they are after. It limits and blocks the way you spend your money unless obtaining their approval at first.

Therefore, your money is no longer safe! Prepare for the worst. Your dollar could be worth a fraction of what it is worth today.

They are all in cahoots. Americans can't afford for their wealth to be tested on.

Survey: Consumers Skeptical of Economic Turnaround, Pack on Holiday Debt



More than one in three Americans overspent during the holidays, according to a recent survey from WalletHub—though more people seemed to think it was worth it. Forty-three percent more people said it was worth going into credit card debt for the holidays this year compared to last holiday season, while nearly 25% said they regretted holiday purchases.

‌Consumers overall added $80 billion in credit card debt during the fourth quarter of 2022, according to WalletHub, and 31% of Americans said 2022 was a “poor” year for their finances overall. And all of the overspending didn’t come without some other forms of risk: Twenty-three percent of Americans reported encountering scams while doing their holiday shopping. The survey said that 19% of Americans expect to have more credit card debt at the end of 2023, and almost one out of three plan to get a new credit card this year for better rewards or a lower interest rate.

‌“Fifty-nine percent of people do not expect the economy to go back to normal this year,” said Jill Gonzalez, WalletHub analyst, adding that consumers are feeling “too much pressure from inflation and are too spooked by the threat of a recession to entertain the idea of economic normalcy.” Despite increasingly high interest rates and skepticism about the economy, consumers plan to continue relying on credit card debt to fuel their spending in 2023, Gonzalez said.

Avoid the Rental Trap of 2023

If you’re a renter, you likely face an important decision every year: renew your current lease, start a new one, or buy a home. This year is no different. But before you dive too deeply into your options, it helps to understand the true costs of renting moving forward.

In the past year, both current renters and new renters have seen their rent go up based on information from realtor.com:

“Three out of four renters (74.2%) who have moved in the past 12 months reported seeing their rent increase. The strain from recent rent hikes isn’t exclusive to renters who have recently moved. Nearly two-thirds of renters (63.2%) who have lived in their current rental between 12 and 24 months, and likely renewed their lease, have also reported increases in their rent.”

Follow The Money: A Closer Look at Two Years of Federal Funds

CARES. ARPA. IIJA. These bills and more have put billions into the state and local government market. We break down the major federal funding packages and how they’re being put to use.

January/February 2023 •  Andrew Adams

Since the pandemic began, the U.S. government has passed four laws that approve spending $7.6 trillion in pandemic relief, infrastructure investment and economic stimulus.

When the U.S. Congress passed the Coronavirus Aid, Relief and Economic Security (CARES) Act in March 2020, it was the largest spending bill ever passed by the federal government, allocating $2.2 trillion in economic stimulus money. In December of that year, Congress broke that recently set record with a consolidated appropriations package that totaled $2.3 trillion, made up of $1.4 trillion in routine funding and $900 billion in economic stimulus. A few months later, in March 2021, Congress passed the American Rescue Plan Act (ARPA), which authorized $1.9 trillion in stimulus. And in November 2021, they passed the $1.2 trillion Infrastructure Investment and Jobs Act (IIJA).

To illustrate the scale of this spending, it is roughly equivalent to 30 percent of the gross domestic product (GDP) of the United States, a little bit over twice the GDP of India and equivalent to the combined GDP of the world’s 147 poorest countries, using the latest figures from the International Monetary Fund’s World Economic Outlook.

WHERE DID ALL OF THIS MONEY GO?