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Peak Prosperity

Hello CBDCs, Goodbye Freedoms!

Peak Prosperity

Chris Martenson

Business, Government, Investing

4.7591 Ratings

🗓️ 18 April 2023

⏱️ 32 minutes

🧾️ Download transcript

Summary

Do you feel like things are moving too quickly to absorb? That’s because they are and that’s no accident. A very common strategy of revolutionaries and those holding the reins of power who wish to get big things accomplished is to move more quickly than decent people can adjust.

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Transcript

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0:00.0

CBDCs, Central Bank Digital Currencies, they are coming and they are going to take your freedoms away.

0:07.0

They are a potentially extremely bad idea for you and for me.

0:12.3

Let's talk about those and go there now.

0:14.2

This is Chris Martinson with you from Peak Prosperity.

0:17.0

This is episode 108.

0:20.0

That's 108 episodes on top of all the COVID coverage that I've been bringing to you.

0:25.6

And my interest is, look, I obviously have a very wide-ranging point of view and lots of things I like to look at because I'm a systems-level thinker.

0:32.6

I like to see how the pieces fit together.

0:34.6

Economy, health, energy, environment, they all fit together

0:39.4

to me at a systems level. So when you understand things at that level, I think you have

0:43.5

a chance of understanding what's happening and why. And that's what I want to share with you.

0:48.9

And that's the work I do at peak prosperity every single day. I've been doing for like 15 years.

0:53.8

This is who I am and what I do.

0:55.9

So this is really, it's the end of money as we know it. That's really what's on the table here.

1:01.2

And so you have to understand some things about central bank digital currencies, what they are,

1:05.2

what they can be, and what they probably will be. So let's go there now. And here's one of my favorite purveyors of bad data and

1:15.7

bad information. Janet Yellen, boy, she has coming up with a lot of bad ideas all the time.

1:20.8

If you want to see just a prime example of incompetence failing upwards, Janet's your gal. I really despised what she did at the Central Bank's Federal Reserve.

1:31.8

And now this, she says, hey, as the Treasury Secretary says, hey, there are important advantages

1:37.9

and disadvantages to a CBDC.

1:40.4

There must be carefully considered before moving but it may be something maybe something

1:46.9

that is in the future for Americans yeah that means it's coming and the whole thing there's

...

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