'Big Brother' Alert: Bank Reports Predict U.S. CBDC Within 3-5 Years
Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, delves into a critical discussion with George Gammon, an astute investor and macroeconomics expert. Together, they dissect recent bank reports signaling the potential arrival of an Orwellian-style Central Bank Digital Currency (CBDC) in the U.S., projecting a timeline of three to five years, contingent on the unfolding crises. Gammon articulates the perilous implications of a CBDC and raises concerns about a potential covert introduction in the U.S. The conversation extends to Gammon's insights on de-dollarization, outlining a base case reminiscent of the 1970s. Stay tuned for the revealing Part 2!
Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow George Gammon on X: @GeorgeGammon (https://twitter.com/GeorgeGammon)
#CBDC
00:00 - Intro
01:11 - CBDCs 101
11:40 - Rollout plans
15:46 - FedNow
16:50 - CBDC: 3-5 years away
27:48 - CBDCs and dollar as reserve currency
42:12 - Dollar outlook
01:00:30 - Tokenization and CBDCs
01:04:37 - Why is gold a way to protect yourself
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