BY TYLER DURDEN
Back in 2020, we sketched out the monetary endgame as follows: the Fed – along with all other central banks – was rushing to roll out a CBDC (digital dollar) so that when the next crisis hit, it could then directly deposit said “Digital Dollars” directly into the accounts of each American – or at least those Americans the Fed found worth of such stimmies – to offset a deflationary bust.
ICYMI: The Fed Is Preparing To Deposit "Digital Dollars" Directly To "Each American" https://t.co/etmxda3xkv https://t.co/gIZgWbJfkp
— zerohedge (@zerohedge) September 24, 2020
Well, fast forward to today when it now appears that such a digital money paradrop may be about to take place… only not in the US which remains behind the curve in CBDC development and adoption, but in China.