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Trump’s Federal Reserve Pick Wants to Put Metal Chips in Cash to Track Every Dollar and Tax It

February 25th, 2018
Categories: Past News

Link: http://www.thedailysheeple.com/trumps-federal-reserve-pick-wants-to-put-metal-chips-in-cash-to-track-every-dollar-and-tax-it_022018

Marvin Goodfriend was nominated by President Donald Trump to fill one of the vacancies on the Federal Reserve Board of Governors. He was then confirmed by the U.S. Senate Banking Committee to advance. Goodfriend’s idea was to insert magnetic strips into the bills. Each time the cash was returned to a bank, the money would be taxed at a pre-determined rate. That would discourage individuals from hoarding cash.

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