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The David Knight Show

INTERVIEW: CBDC Coming Hard & Fast: Can A State Bank Protect?

The David Knight Show

David Knight

Christianity, Religion & Spirituality, News, Society & Culture, Politics

4.6765 Ratings

🗓️ 12 December 2022

⏱️ 40 minutes

🧾️ Download transcript

Summary

TN State Senator Frank Niceley joins to talk about efforts to establish a state bank in Tennessee and also a precious metals depository.
Can a state bank block CBDC that will create an open air prison for us all? Can it help to blunt the Fed's financial mismanagement? Will local banks become our allies as they realize that CBDC will destroy them all?

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Transcript

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0:00.0

We know, after we had the great recession, the Fed started a massive dumpster fire.

0:05.3

They had quantitative easing, low interest rates.

0:07.4

We even had bailouts to the repo market.

0:10.0

So there's a lot of things that were going on there for years.

0:12.8

Then we had the lockdowns and the hush money that poured gasoline on that.

0:17.1

We've had more gasoline piled on that with sanctions for energy and other things. But as

0:24.4

dangerous as all that is, as dangerous as the inflation is, we now have looming before us, a

0:29.7

central bank digital currency that is going to be a tool to see everything that we do and

0:35.5

control everything we do. It's going to be the bars on an open air prison. So what do we do about this? There are things that we do and control everything we do. It's going to be the bars on an open

0:38.5

air prison. So what do we do about this? There are things that we need to do locally, especially,

0:44.2

and at the state level. And so joining us today is Tennessee State Senator Frank Nicely. And I want

0:52.3

to get an update as to what is happening in Tennessee because, you know, there's a Texas

0:57.1

gold depository, precious metals depository, and there is a state bank in North Dakota.

1:04.0

But there's talk in Tennessee about putting both of those things in Tennessee.

1:08.9

So I want to find out the status of it.

1:10.4

Talk a little bit about how these things would work and time frame of this might happen. So joining us now is Tennessee

1:16.2

State Senator Frank Nicely. Thank you for joining us, Senator. Well, thank you, Dave, for having me.

1:21.2

Let's talk a little bit about, before we talk about the current status of it, let's talk a little bit

1:25.8

about how each of these things kind of operate

1:28.9

where they are right now. Like in Texas, I noticed just a few years ago, I think is in 2018.

1:34.3

They put in their precious metals depository. What type of things have you seen from that,

1:41.3

that, you know, how would that work in Tennessee?

...

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