George Gammon, host of the popular Rebel Capitalist podcast, makes the case to Bob and Cole that the recent bailouts of the US banks might be the first step into getting Americans using "FedCoin," which is simply holding dollar liabilities with the central bank. 🔔 Subscribe to the channel: ⭐ ⭐ ⭐ The audio version of the podcast is currently on your favorite platforms: 👉 Apple: 👉 Spotify: 👉 Stitcher: 👉 Deezer: ✅ Stay Connected With Us. 👉 Instagram: 👉 Twitter: 👉 Tiktok: 👉 Linkedin: 👉 Facebook: 👉 Our website: 👉 Podcast: ============================= ✅ Recommended Playlists 👉 Founders Forum Podcast: 👉 Child Millionaire: ✅ Other Videos You Might Be Interested In Watching: 👉 Ep. 5: The Importance of Failure and the Relevance of Austrian Economics 👉 What's the Best Strategy for Funding Education (Part 1/3) 👉 Child Millionaire- Chapter 2 Part 1/3 👉 Child Millionaire- Chapter 2, Part 2/3 👉 Child Millionaire- Chapter 2: Legacy Wealth (Part 3 of 3!) ============================= ✅ About infineo. infineo is digitising the $3+ trillion legacy life insurance industry, creating massive efficiency by utilising technologies such as the blockchain and AI. 🔔 Subscribe to the channel: ================================= Disclaimer: The information provided is for educational purposes and does not constitute financial advice. Consult with qualified professionals before making any financial or investment decisions. Copyright Notice: This video and my YouTube channel contain dialog, music, and images that are the property of infineo. You are authorized to share the video link and channel and embed this video in your website or others as long as a link back to my Youtube Channel is provided. © infineo...(read more)
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Episode 10: George Gammon Warns Bank Bailouts Might Be Used to Usher In CBDCs In the latest episode of his popular YouTube show, George Gammon, famed for his insightful analysis on macroeconomics and investing, raised a crucial concern over the potential convergence of bank bailouts and the introduction of central bank digital currencies (CBDCs). Gammon's warning sheds light on a controversial topic that could have far-reaching implications for the global financial system. Bank bailouts have been a contentious issue for many years, with proponents arguing that they are necessary to stabilize the economy during times of crisis. However, critics argue that they perpetuate a system that rewards reckless behavior and allows banks to escape the consequences of their actions. Gammon takes this debate one step further by suggesting that bank bailouts might serve as a possible catalyst for the introduction of CBDCs. CBDCs are digital currencies issued and controlled by central banks, representing a digitized form of fiat money. Proponents argue that CBDCs offer numerous advantages, such as increased transaction efficiency, lower costs, and enhanced financial inclusion. However, Gammon cautions that the adoption of CBDCs in the wake of bank bailouts could lead to an erosion of privacy and greater centralization of power. One key concern raised by Gammon is that CBDCs would enable central banks to have even greater control over the financial system. In a world where digital currencies are pervasive, central banks could potentially monitor every transaction in real-time, giving them unprecedented power to manipulate the economy. This would further exacerbate the already existing concerns over government surveillance and intrusion into individuals' financial privacy. Another issue highlighted by Gammon is the possibility of negative interest rates becoming the norm. With CBDCs, central banks can implement negative interest rates more effectively, as digital currencies can be programmed to depreciate automatically over time. While negative interest rates might be seen as a tool to stimulate economic growth, they could also have detrimental effects on savers and retirees, eroding their purchasing power. Furthermore, Gammon points out that CBDCs could potentially be used to restrict access to funds, making it easier for governments to implement capital controls. By controlling the flow of digital currencies, authorities can limit the amount of money that can be transferred abroad or withdrawn from the banking system. This ability to control individual’s financial autonomy raises concerns about government overreach and potential abuse of power. Although George Gammon's warning is cautionary in nature, it is crucial to consider the potential risks associated with the convergence of bank bailouts and CBDCs. While the adoption of CBDCs might offer advantages in terms of efficiency and financial inclusion, it is essential to carefully weigh the potential trade-offs in terms of privacy, centralization, and government control. As discussions and developments surrounding CBDCs continue to evolve, it is imperative that policymakers and citizens engage in open and transparent dialogues to ensure that the benefits of digital currencies are maximized while potential risks are mitigated. Only through thoughtful analysis and informed decision-making can we strike a balance between technological advancements and preserving the fundamental principles of privacy, freedom, and financial sovereignty. https://inflationprotection.org/episode-10-george-gammons-alert-on-potential-use-of-bank-bailouts-to-introduce-cbdcs/?feed_id=116033&_unique_id=64ac4913a7df8 #Inflation #Retirement #GoldIRA #Wealth #Investing #bailout #bailouts #bank #bankbailout #bankbailout #bankbailouts #bankfailures #bankbailout #bankbailouts #Banking #banks #Bitcoin #BITCOINPRICEPREDICTION #cbdc #CBDCs #colesnell #crypto #economics #economy #fedcoin #federalreserve #financialcrisis #foundersforum #foundersforumpodcast #georgegammon #howtoinvest #infineo #inflation #investing #rebelcapitalist #rebelcapitalistpodcast #recession #siliconvalleybank #siliconvalleybankbailout #stockmarket #stockmarketnews #Stocks #svb #BankFailures #bailout #bailouts #bank #bankbailout #bankbailout #bankbailouts #bankfailures #bankbailout #bankbailouts #Banking #banks #Bitcoin #BITCOINPRICEPREDICTION #cbdc #CBDCs #colesnell #crypto #economics #economy #fedcoin #federalreserve #financialcrisis #foundersforum #foundersforumpodcast #georgegammon #howtoinvest #infineo #inflation #investing #rebelcapitalist #rebelcapitalistpodcast #recession #siliconvalleybank #siliconvalleybankbailout #stockmarket #stockmarketnews #Stocks #svb
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