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Get Ready For Currency Reset & CBDC Control | Clive Thompson
The U.S. is likely headed toward a currency reset, says Clive Thompson. Thompson is a retired Managing Director of Wealth Management formerly working in Swiss Private Banking. With the ever expanding national debt, there will come a point when investors will no longer trust the US dollar. The US government will have to restart the system and reestablish credibility through backing of the currency by gold. The new system will likely be a Central Bank Digital Currency (CBDC). He discusses the privacy concerns related to a potential CBDC.
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INTERVIEW TIMELINE:
0:00 Intro
1:30 Banking system
6:54 Bank run
8:35 Which banks will fail?
18:09 Currency reset
30:26 Return to gold standard
38:48 Preparedness
45:20 Thompson online
47:25 Weekly specials
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