Will The CBDC Reset Cancel Your Debt? | Clive Thompson

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Clive Thompson analyzes the recent Federal Reserve interest rate cuts and their potential impact on the economy. While these cuts may initially seem advantageous for markets, he warns they could indicate more serious problems within the labor market and the broader economic landscape. Thompson suggests that investors steer clear of cyclical companies and those burdened with high debt during a recession, recommending a focus on consumer staples and utilities as more reliable options. He expresses concern over rising government debt and the threat of a currency crisis, which could lead to substantial losses for cash and bondholders. Additionally, Thompson discusses the scenario of debt cancellation during a Central Bank Digital Currency (CBDC) reset. In times of economic uncertainty, he highlights the lasting appeal of gold as a safe-haven asset. Clive Thompson's LinkedIn: https://www.linkedin.com/in/clive-thompson-661997251/