There need to be a separation between funds transaction and investing. Just like the separation between Church and State or Investment Banking and Commercial Ba

There need to be a separation between funds transaction and investing. Just like the separation between Church and State or Investment Banking and Commercial Banking. Currently there isn't because you are forced to invest if you want to be able to transact. As a matter of fact the figure you see in your checking account is expressed in dollars but that is false because those are IOUs from the bank exressed in dollars. You are defacto investing in the loan portfolio of your commercial bank. It's a very different thing. Maybe CBDC will allow all of us to 'bank with the Fed' so we will know for sure that those dollars are real and not being put to work in any way , shape or form.