Fed chairman Jay Powell solutions questions from Rep. Maxine Waters (D-Calif.) about Facebook’s cryptocurrency Libra.

14 COMMENTS

  1. CIA Book is already a government program run by someone who cant even code and he has an escape chute to jump into with his handpicked chinese asset ‘wife’ when people wake up to their criminal platform

  2. Why has the Fed and Congress failed to act against Bitcoin and other similar cryptocurrencies that are obvious large dangers? How could anyone expect any organization that has failed to respond to the reality of Bitcoin to understand how to work with Libra in advance? Is LIbra violating the law? If not, why should LIbra wait for incompetent government regulators to scratch their rears some number of times before proceeding. No doubt Libra will raise regulatory issues. But, those regulatory issues will only be understood in the process of actually implementing and trying Libra. Payment systems based on cryptographic techniques are coming. Certainly a regulatory system that has completely failed to outlaw Bitcoin should be worried about its ability to regulate anything. But the advance of technology has only happened by doing first and responding to regulators when they wake up from their dream world sleep.

  3. POWELL LOOKS LIKE HE HAS 1 FOOT IN THE GRAVE ! AH POLITICS U CAN BE A 100 YEAR OLD DELUDED AHOLE AND STILL HAVE A JIB AND ELIGIBLE FOR A PENSION BEYOND THE GRAVE IT SEEMS, THERE SHOULD BE A LIMIT. TUN 70 U R OUT!

  4. why should a private bank like the federal reserve have a right to say shyt to Facebook about what they do. Aren't U.S. taxpayers giving the Federal Reserve about $450 billion per year these days , just for interest on unpayable, ever increasing, corporate Washingtons' debts ??

  5. If you can pay stuff with “Libra” because it will be a very popular
    Crypto ( stable coin) , then It can be used to buy another crypto (that promotes privacy and anonymity) , then transfer the funds to who ever you want , even a Criminal.
    He will then receive the crypto and change it back to libra, and thats the magic of crypto, when you enter the ecosystem, there are a tons of very ,very , very sofisticated tools to hide your money , your cryptowallet and your transactions, because crypto has no country.
    Libra will be the “bills” , bitcoin will be the gold.
    All thousands of other cryptos just need , one that becomes trusted , stable and mainstream. To be used as money.
    And that can be Libra.
    When this happens,other cryptos will boom and the crypto era will begin, the end of regular money will begin and it will be a very fast end.

  6. A permanent facility for the repo market. The banks dont have the reserves on file to settle overnights as they print the dollar to oblivion. Fuck powell and this clown show. I will look forward when the dollar burns and we have to true financial freedom we deserve.

LEAVE A REPLY

Please enter your comment!
Please enter your name here