Economic analyst and financial writer David Morgan says do not expect the Federal Reserve to lower interest rates anytime soon. Morgan thinks the Fed is not going to devalue the dollar. Morgan explains, “We need to continue the dollar until the new system is initiated. That’s the point.
Yes, it’s about interest rates, that is part of the mechanics about this. The philosophy is we need a dollar in the system as the king when we transition into the new system. Now, there is a debate whether that is true or false.
Is this going to be a global currency?
Is it going to be a central bank digital currency (CBDC) that is worldwide? Or is it going to be nation states with their own currencies? That has yet to be determined. I think the power behind the Fed wants the dollar to survive, and they are going to make it survive. That means they are going to push interest rate as high as necessary until they can transition to this new system.
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