The Federal Reserve is moving away from the financial freedoms we are accustomed to and is implementing a Central Bank Digital Currency on July 1, 2023.
We should all be happy that we have the ability to transact purchases relatively free of government tracking and restrictions.
But that could go away.
Biden Executive Order 14067, from March 2022, proposes a CBDC that would change everything about the way we enjoy relative financial freedom from government intervention in our business, including eventually eliminating cash transactions and ownership of cryptocurrencies.
You are invited to contact your congressman to discuss this matter, after you have researched it.
Steve Elmaleh
Sag Harbor
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