News: Are The Rumors True? Will A CBDC RESET The Economy?
Rebel Capitalist News
George Gammon
4.7 • 1.1K Ratings
🗓️ 3 February 2023
⏱️ 17 minutes
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| 0:00.0 | Hello, fellow Rebel Capital, so be you're well. |
| 0:02.2 | So in the comments of my videos, |
| 0:05.8 | and I've been hearing this in the Forum |
| 0:08.1 | and Rebel Capital's Pro, among other places, |
| 0:11.4 | everybody's talking about how a central bank digital currency will |
| 0:17.2 | reset the entire economy and in my opinion this is just completely wrong. |
| 0:25.0 | And listen, no one's a bigger critic of the Fed than I am |
| 0:30.0 | and a Central Bank digital currency. |
| 0:32.0 | But I've got to be straightforward and honest as to what we should be concerned with and what we should not be concerned with. |
| 0:40.0 | And in my opinion, we should not be concerned whatsoever with a central bank digital currency |
| 0:46.7 | resetting the economy, wiping out all the debt, all the contracts that you have for your home loan will be null and void and all I've heard some just bizarre claims. |
| 1:01.0 | So and let me give you an example really quick here and I was going to go to some |
| 1:05.0 | YouTube videos and show you some youtubers that are talking about this but then I |
| 1:09.6 | said to myself I don't want to I don't want to play that game, you know, you guys know that's not me. |
| 1:15.9 | I don't want to talk smack about someone and I don't want to throw anyone into the bus, |
| 1:20.1 | you know, if they want to do that and if they're thinking that it's going to happen that way then you know so be it no |
| 1:27.2 | I can't control that but so let's go over to quora and you guys will kind of get the gist of what I'm referring to. Just simple question here. |
| 1:36.2 | Could new Central Bank digital currencies be used to wipe out debt and reset the economy. |
| 1:44.0 | Another thing that I heard is, you know, the United States debt is getting so high that the |
| 1:48.9 | Central Bank digital currency will allow governments to basically inflate away the debt because people will gravitate |
| 1:59.8 | towards this new currency and they won't want to use dollars anymore and therefore |
| 2:08.9 | the dollar will depreciate in value relative to let's say Fed coin and because of this you know |
... |
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