[claydavisss]

The Fed Digital Dollar will be a purchasing instrument that exists only in an app or website. They will be added and subtracted as the government sees fit. If, for example, the government should want to spike consumer spending, they need only tell you that your account will have a maximum value of $100 as of midnight. Either spend the rest or it will be deleted.

Show up at a political rally for a group that is currently out of favor, your balance is deleted. Break the speed limit and your balance is deleted. Be home by 10pm or your balance is deleted. Pledge 10% of your balance to the poltical party currently in power and you can buy yourself forgiveness on your next potential balance deletion.

Buy gold.

[vikramkr]

So what you're describing is the complete collapse of our current system of government. If the US becomes a failed state like you describe, turning into a totalitarian wasteland where not even the pretense of democracy is maintained, do you really think the secret police are going to let you buy things with gold?

The fed introducing a cryptocurrency will not cause the US to become a failed state, and if the US is on the path to becoming a failed state, then the federal reserve not introducing a cryptocurrency isn't going to change anything. You cant eat gold. Buy productive assets. If you think society is going to collapse like that into a totalitarian state, then, I dunno, move to some country that you think is not on the path to giving up democracy, or go full prepper and buy land and guns and stuff. Good luck holding off the US military though. Might be better to defect when you have the chance.