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RE: Three Reasons For The Banking Industry Collapse

in #banking3 years ago

Wait until you get CBDCs. That will put the control of interest rates effectively in the hands of politicians. At that point, they will go negative almost immediately. If they can put money into your digital wallet, they can take it out (or make it evaporate).

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Exactly! In fact, I wouldn't be surprised if the tax to incorporate negative interest rates is built into the initial roll out. Not long ago you discussed the likelihood that CBDCs will be used to roll out a Universal Basic Income. The law put into place to kick that off will undoubtedly include language that is just ambiguous enough to allude to the possibility of a processing fee, or something of the like, that will be glossed over in the beginning but gradually move forward until simply checking your balance drops a few dollars into government coffers.