In case you haven’t noticed, countries have been rushing to roll out their central bank digital currencies or CBDCs.
Although they say it’s because they want to address things like ‘financial inclusion’, the European Central Bank or ECB recently said the quiet part out loud.
Central banks are rolling out CBDCs to ensure the continuation of the existing financial system in the face of growing inflation and growing distrust in national currencies. This was explicitly noted in the ECB’s recent working paper about CBDCs.
As you might have guessed, today’s video is about that paper, and it’s safe to say that it’s one of the craziest CBDC papers I’ve summarized so far. It reaffirms the stuff I’ve summarized from other papers, and confirms some of my worst fears about CBDCs.
Enjoy, if you can…
⛓️ 🔗 Useful Links 🔗 ⛓️
► Full CBDC Working Paper: https://www.ecb.europa.eu/pub/pdf/scp…
📜 Disclaimer 📜
The information contained herein is for informational purposes only. Nothing herein shall be construed to be financial legal or tax advice. The content of this video is solely the opinions of the speaker who is not a licensed financial advisor or registered investment advisor. Trading cryptocurrencies poses considerable risk of loss. The speaker does not guarantee any particular outcome.