5 ms·
The urgency behind CBDC tells me some things about the future: - attack on competing digital wild moneys aka crypto - uncontrollable inflation and erosion of
by deutschew 5y ago
The urgency behind CBDC tells me some things about the future:
- attack on competing digital wild moneys aka crypto
- uncontrollable inflation and erosion of US dollar despite rate increases
- a 4 sigma event causing super-deflation
- political instability from demographic most impacted by super-deflation
- social instability from demographic most vulnerable to super-inflation
- financial surveillance of said demographics
- the rich who survive can bypass CBDC via bartering hard assets
- hellojesus 5y ago> uncontrollable inflation and erosion of US dollar despite rate increases Lol rate increases
- jbay808 5y agoIt's no coincidence that it's coming up at a time when interest rates hit zero.
- imtringued 5y agoThey have been zero for almost a decade in europe and much longer in japan.