WARNING. A world currency that is backed by central banks is on the horizon!!
- From The Category5.TV Newsroom Episode 665
- October 21, 2020
It looks like we will sooner rather than later see central bank digital currencies (CBDC). China is already testing their solution and others are following soon. Last week the IMF started talking about their idea to a new Bretton Woods system and this week important heads of central banks are meeting to discuss the importance of CBDCs. This week Robert Koenig highlights the risks and benefits that such a change will bring across the world. It is all about programmable money and not digital money. Bitcoin and other decentralized cryptocurrencies will be your only protection.
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Relevant Links:
Twitter, Raoul Pal
https://twitter.com/RaoulGMI/status/1317836119149580288
IMF, Kristalina Georgieva, A New Bretton Woods Moment
https://www.imf.org/external/mmedia/view.aspx?vid=6200738336001
Cross-Border Payment—A Vision for the Future
https://www.imf.org/external/mmedia/view.aspx?vid=6200538633001
Twitter, Raoul Pal
https://twitter.com/RaoulGMI/status/1317836119149580288
IMF, Kristalina Georgieva, A New Bretton Woods Moment
https://www.imf.org/external/mmedia/view.aspx?vid=6200738336001
Cross-Border Payment—A Vision for the Future
https://www.imf.org/external/mmedia/view.aspx?vid=6200538633001
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