In The End CBDCs Are A Joke

▶️ Watch on 3Speak


Central Bank Digital Currencies tend to send fear through those in the crypto markets. However, when we look at them closely, they are really a joke.

In this video I discuss how we will look back and find them to be particularly humorous. It is a feeble attempt by government to remain relevant. Other than that, they are nothing more than more of the same when it comes to cryptocurrency. In short, they will not be able to compete.


▶️ 3Speak



0
0
0.000
8 comments
avatar

pixresteemer_incognito_angel_mini.png
Bang, I did it again... I just rehived your post!
Week 82 of my contest just started...you can now check the winners of the previous week!
13

0
0
0.000
avatar

In my opinions, QE makes more sense if you consider that those printing the money are intentionally trying to crash the current system, put small business out of business and instill rampant inflation so that paying down those trillions in debt becomes something that can be accomplished in a decade with an inflation rate of 10+%.

The banks cannot lend money with this inflation rate and current interest rates. So once things are crashed then expect interest rates to finally rise so that the money you pay them back has as much buying power as the money they loaned you. Expect money printing to stop. Expect anyone that wants to work in a non-underground job to need to be paid in CBDCs. They will then own you as they will own your wallet.

Even with fiat there have been two occasions that my bank would not allow transfers to go through for two crypto exchanges. Once they would not allow my debit to be used for precious metal purchases. After phone calls on all those occasions and some argument with the bank the transfers went through with an apology that it was only for my own security.

Imagine if that had been CBDCs and such transfers were simply not allowed, period.

CBDCs are no joke and they must be stopped. Maybe to folks like us have crypto bags and precious metals it is a joke yet for Joe Average it is the next battle line, in my opinion.

0
0
0.000
avatar

Interest rates rise who will borrow? How will government be able to pay back the debt?

0
0
0.000
avatar

They will pay back debt through inflation. 10 years at a minimum of 10% inflation will nullify the debt. Then the interest rates will rise in my opinion.

0
0
0.000
avatar

I like the analogy with the illegal sharing of music. So long as the government can't fully control things, its not a threat to the rest of us and I don't think the banks will give up without a fight. Because once CBDCs come out, the government will be the one in control and not them.

Posted Using LeoFinance Beta

0
0
0.000
avatar

They are the same thing m. The federal reserve are just conglomerates of banks

0
0
0.000
avatar

a feeble attempt by government to remain relevant

Completely agree. They don't even know where to begin, they are old money, terrified with any other system other then the one they think they understand.

Posted Using LeoFinance Beta

0
0
0.000