Ok fine a little dramatic at this point in time, but you get the jyst of what I'm saying. I was watching another pundit, and the thesis holds up pretty nice in my opinion. In their opinion which I agree with, is that people need a solution to a problem created by the entity that created the problem. Now perhaps you can round up little farm animals, but the bait for human beings is currency and what you can buy for it.
So George believes that because the FEDERAL reserve cannot do business directly with the average person (as per their charter), the average person is going to wonder why rates are so good for the 3 Month Treasury, and only the banks get that rate. So what could be an answer? Switch to the CBDC because the Federal reserve can never default and can 'guarantee' a nice interest rate!
Look you don't have to come to us, but just letting you know the cash is being removed and the longer you wait to 'convert' you will have less purchasing power of the old currency. But hey, in our charter we cannot conduct business one on one. Maybe that needs to chance for your benefit!
The yield curve is inverted, and long term investing seems like in the pooper! Remember how having a longer wait for something is supposedly more 'risk'? Ok not anymore!
Most Every western government made some crucial decisions almost unilaterally by shutting down economies..
Most every western government made crucial decisions to 'open' economy..
So what kind of wealth distribution is this?
Won't it be just amazing! Yah, there's a hard landing coming. We will need help no?