Topic: Banking For All Act

1 chapters across the catalog

Thugs on a plane
Episode 1274 22:33 - 25:35

1274: Thugs on a plane

Digital Dollar, Post Office Banking, Cashless Society

The "Banking for All Act" proposes using the U.S. Post Office as a hub for unbanked citizens to access digital wallets linked directly to the Federal Reserve. This move toward a "digital dollar" coincides with a decline in physical cash usage during the pandemic. Critics argue this system allows the government to assign digital accounts based on Social Security numbers, centralizing financial control.