Editor’s Note: Longtime readers may be familiar with Nick Giambruno.
Nick has worked closely with Doug Casey for many years and was previously Editor in Chief here at International Man.
He’s known for spotting Big Picture geopolitical and economic trends ahead of the crowd and seeing crises before they come.
Nick has been to countless countries that have experienced hyperinflation and financial crises… including Zimbabwe, Lebanon, Haiti, Turkey, Argentina, Syria, Nicaragua, Bosnia, Colombia, Ukraine, Kazakhstan, Iran, and many other volatile places most people wouldn’t dare go to.
He knows what really happens during a monetary “reset”… and what you should do.
Nick’s insights are particularly urgent today…
That’s because The US is on the cusp of its worst crisis in nearly a century.
You’ll find all the details in the discussion with Nick below.
Nick Giambruno: It’s clear there is an effort by some of the most powerful people in the world to bring about a cashless society. CBDCs are a big part of that.
If they are successful, the government would have complete knowledge of—and control over—every transaction you make.
If you’re disobedient, they would be able to turn off your ability to transact at the push of a button, or they could charge you a fee whenever you did something they didn’t like.
With CBDCs, central banks could impose deeply negative interest rates—a tax on savings—with ease.
They could also put an expiration date on your money, much like how some frequent flyer miles expire worthless after a certain amount of months.
Governments could also program CBDCs to control what they allow you to spend your money on. For example, perhaps they will ration meat, airline travel, gasoline, and other products in the name of fighting Climate Change.
In short, CBDCs would enable governments to harness and redistribute the country’s wealth any way they saw fit.
CBDCs are a totalitarian’s dream. They would give governments an almost unbreakable control over the individual—precisely the opposite of how a free society should work.
Imagine what Stalin and other tyrants throughout history could have done with the power of CBDCs?
If King George had that kind of power, would the colonists have prevailed and established the USA? The British may have been able to identify, disrupt, and quash the American Revolution.
Here’s the bottom line.
CBDCs are a terrible thing with no redeeming qualities. Nonetheless, they are coming soon—probably this year. There will be immense consequences to your personal freedom and financial wellbeing.
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