Jason Purcell: De-Dollarization and CBDC (2/2)
The Propaganda Report
Brad Binkley
4.6 • 916 Ratings
🗓️ 4 December 2023
⏱️ 49 minutes
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| 0:00.0 | You're going to be. Oh, And there's no no other yeah, that's what I there is very so could you read that as |
| 0:32.1 | They were borrowing money you have a claim on future dollars, because you have no doubt future dollars will have value. |
| 0:41.0 | Compared to anything else you're looking at really. |
| 0:44.0 | Yeah and in the last decade the rates that we've seen on tenure on 10 year bonds have been lower than the US inflation rate. |
| 0:56.3 | So that means that I will lend the United States government money |
| 1:00.2 | even though I'm guaranteed a loss. |
| 1:02.2 | As a favor to me. |
| 1:04.0 | And negative interest rate, yeah. |
| 1:06.0 | Which, yeah, and I'm amazing. |
| 1:08.0 | Yeah, I don't actually think that's, you know, negative interest rates are for a like demand deposit interest rates should be negative |
| 1:19.1 | full reserve banking yes there should be negative because that's just a favor |
| 1:23.7 | somebody's just holding it for you and I remember there was some talk of |
| 1:27.6 | having negative interest rates on like super huge holdings like corporations and stuff and I was like wow because it's a privilege to |
| 1:39.7 | hold dollars like that's and it made sense is like wow I mean you're |
| 1:44.0 | charging them to have something that that will withstand whatever threat you |
| 1:48.7 | perceive. Exactly. Interesting. Yeah and it's something else and I think what pisses people off is that that sucks, right? |
| 1:58.0 | Uncle Sam takes that money and he spends it on endless war and he spends it on all of this you know whether |
| 2:07.0 | whatever your beef is whether it's welfare spending or it's the warfare |
| 2:10.8 | welfare or welfare state yeah exactly it's it's all of the above and it's just terrible. |
| 2:16.4 | It was all over the Wall Street Journal today. It's like well we're going to pass this bill and it's got a lot of money for Ukraine and Israel but we're also going to put it in for the homeless |
| 2:23.0 | for health care. |
| 2:24.0 | You know what, just give me my money back. |
... |
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