World

The #Libra Association has announced it’s planned for a simple global currency and financial infrastructure.

Find out more https://libra.org/en-US/

The Libra Association was initially composed of a handful of large firms, but PayPal Holdings has since severed ties with the project.

Though it seems that even though PayPal may have stepped out of the picture, Facebook is now taking that place. Facebook CEO Mark Zuckerberg is set to testify before the House Financial Services Committee over the platform’s plans to implement its own digital currency. Sources close to the matter this week said Zuckerberg will be the only witness at the hearing later this month.

Though online currency makes people feel uneasy pure and simple is due to the unpredictability and the wild market cycles of similar currencies like Bitcoin. This makes Global regulators wary of how digital currency will impact the financial system. The Libra currency was created to boost e-commerce and advertisements within Facebook with plans to release the cryptocurrency in 2020, but a number of factors may halt the company’s progress. The real concern is that Facebook has data on billions of people and has repeatedly shown a disregard for the protection and careful use of this data it is also agreed that Congress and regulators have the opportunity to examine the consequences of what happens if Facebook creates such a currency.

What do you think?

Help Support Peter Boykin and Maga First News:

Join SubscribeStar at https://www.subscribestar.com/peterboykin

Join Patreon at https://www.patreon.com/peterboykin

or One Time Donation at https://www.paypal.me/magafirstnews

Follow – Peter Boykin

at Telegram – https://www.T.Me/PeterBoykin

at Facebook – https://www.Facebook.com/PeterRobertBoykin

at YouTube – https://www.YouTube.com/PeterBoykin

at Reddit https://www.reddit.com/user/peterboykin/

at Instagram https://www.instagram.com/peterboykin

Purchase Peter Boykin’s Book #RussiaGate: Truth, Post-Truth, or Damned Lies?!

on Amazon.com at https://www.amazon.com/RUSSIAGATE-TRUTH-POST-TRUTH-DAMNED-LIES-ebook/dp/B07XKW767S/

Websites:

https://www.peterboykin.com

https://www.MagaFirstNews.com

https://www.MagaOneRadio.net

The resolution further calls capitalism “the greatest engine for human advancement in the history of the world, bringing more people out of poverty and into prosperity than any economic model in the history of mankind.” Sen. Steve Daines, R-Mont., introduced a resolution Monday condemning socialism —  warning progressive Democratic policies would lead to “complete government control.” Sen. Daines specifically attacked policies supported by the progressive wing of the Democratic Party, such as the Green New Deal and Medicare for All. The resolution claims the proposals would “eliminate the private property rights of all people of the United States,” the resolution stated. “A radical, socialist, far-left movement is growing across this country. And it has taken root as the new voice of the Democratic Party . . . Today we make a choice. Freedom or Socialism. I choose freedom,” said Daines, who is up for re-election next year, Montana’s Great Falls Tribune reported.

Source


Current track

Title

Artist