“It’s a tragedy for privacy and humans:” expert warns of 'Unicoin' CBDC unveiled at IMF Meeting

“This is signaling a disaster for privacy, for humans, for people, [and] for citizens,“ says Todd Bubba Horwitz, founder of bubbatrading.com, following the recent launch of the Universal Monetary Unit at IMF Spring Meetings in Washington, D.C. He says it’s a “tragedy” because central bank digital currencies will enable governments to track people “from the day you born until the day you die,” arguing that it's just another way of taking freedom away from people. He says that the Fed is expected to raise interest rates again in May and there will be a “major disaster in the equity market" in the next year or so, citing unemployment, stagflation, and high interest rates as major factors. As a result, he says money will flow to gold and silver, helping gold reach new highs this year.

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Chapter stamps:
00:00 Yellen’s comments on dollar dominance
3:39 Saudi Arabia leads up on Russian diesel
4:43 Latest inflation data
6:15 What will the Fed do?
7:23 Gold and bitcoin
9:00 The banking sector
10:54 What has changed about the banking system?
12:59 IMF and UMU
15:44 Credit card privacy
16:54 Precious metals
17:41 Central bank digital currencies
18:58 Final thoughts from Bubba
20:00 What caused the equity market to suffer?