Central Bank Digital Currencies, the so called CBDC, the so called “instrument for mass control”.
It’s quite known that the most part of money is electronic. An estimation says that only 3% of total money is in a physical form.
The first forms of CBDC will be the Digital Dollar, Digital Euro, Digital Ruble, Digital Yuan and many more coming. A survey says that more than half of Central Banks are now evaluating the issuance of their own centralized Digital Currency.
Federal Reserve trend for money creation is quite exponential and facing a big inflation is just a matter of time.
Since the pandemic event of 2020, the supply of United Stated Dollar has increased by more than 22%. Do you remember the Stimulus? Do you remember the 1200$ US bonus, the so-called Helicopter Money?
So, what am I talking about in this video?
How Banks can make the mass poorer and poorer.
How Bank can control the mass in terms of Money Movements, Purchasing and Monetary power.
When people ask me: “Is still worth buying Bitcoin” the first thing I think is: “Holy s**t, they have no idea of what they are talking about”. That is the incipit to start why I consider Bitcoin as a more and more relevant Store of Value. It still has violent speculative pressures BUT it is indestructible. With a great difference from Gold (for example).
Cryptocurrencies are not only a Speculative Tool. They represent the idea of an independent money, with no intermediaries and not approving counterparties like payment providers and or controlling Banks.
That is why the Deficit Myth Book, from Stephanie Kelton comes into help with the MMT, Modern Monetary Theory
Sources of information
Bitcoin Energy Consumption
https://www.nasdaq.com/articles/research%3A-bitcoin-consumes-less-than-half-the-energy-of-the-banking-or-gold-industries
Survey among Central Banks upon the CBDC
https://www.coindesk.com/about-80-of-central-banks-are-exploring-cbdc-use-cases-bison-trail-report-says
China bans Bitcoin
https://www.publish0x.com/blockchain-insights/china-bans-bitcoin-strategic-choice-xgldqzd
Ideas about the Digital Dollar
https://www.kitco.com/news/2021-07-02/Digital-Dollar-is-inevitable-Fedcoin-will-give-government-total-control.html
I give you here some interesting and useful links
Technical contents here https://www.publish0x.com/?a=pmbkk7NbzJ
Binance fee discount http://bit.ly/MikeDiscount
To buy the Ledger https://bit.ly/MZLedger
▶️ 3Speak