" Libra: Facebook Wants to Control Your Money
Facebook - backed by some of the largest banks and corporations on Earth - seek to create a global digital currency and reassert Western dominion over the global economy."
http://landdestroyer.blogspot.com/2019/11/libra-facebook-wants-to-control-your.html#more
A long and rich article which Dr Dejahang posted here yesterday. ( https://qoto.org/@drdej555/103239575953234069 )I read thru and he covers a wide variety of implications. A good read, requires focus. 
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@design_RG At least it has some imperical backing, I guess, unlike USD...
@realcaseyrollins The hegemony of the US Dollar as the major Reserve currency is a tremendous advantage for the country.
And mr. T complains about trade unfairness? 😛
We need more widely accepted reserve currencies, of the real kind, and not under the control of a sinister corporation, like FB, which is under share votes controlled by one single man.
@realcaseyrollins The article does mention many varied concerns, one being that a centralized, globally active banking entity of this kind could allow someone's funds to be blocked and traced internationally. Handy for powerful governments, which could starve some opposing party simply by freezing their assets.
Combine that with FB's known sneakiness and past incidents of manipulation, selling people's information to private operators (and this being used in the 2016 campaign, see Cambridge Analytica).
I don't trust crypto currencies as they are, there are so many incidents of irrecoverable loses thru hacks, exchanges going bankrupt with hundreds of millions in client assets evaporating. And the price manipulation reported by trade analysis in 2017, when BTC hit huge peaks, then dropped substantially.
A lot of people got wiped out, many who had bought crypto using credit cards and debt.
