According to Ed It’s either CBDC’s and therefore the loss of all remaining human freedoms with manipulation of the population via “money” which we will no longer own or control from then on or a total meltdown of the financial system if they don’t “get it right”. During the banking collapses a few weeks ago Larry Fink CEO of Blackrock (yes, that really is his name) announced that there are more bank collapses on the way - no shit Sherlock!. IMO the chances of any of these utterly corrupt idiots getting anything right (except filling their boots as often as possible) is somewhere in the region of zero. The reasons for this coming catastrophe are that the people at the Fed and the US Treasury etc that think they are controlling all of this actually don’t understand the financial and banking systems and generally refuse advice from the few people that do such as Jim Rickards (former CIA) who worked for LCTM as tax advisor IIRC during the 90’s and was still there during the subsequent collapse of LTCM in 1998 and saw 2008/9 happening a long time before it did. The system is a massively complex giant mess that requires complexity theory for a proper understanding of it and these bozos are still using obsolete methods that came into being after and even before WW2. No proper measures were taken during the collapses of 1998 and 2008. In his 2016 book The Road to Ruin Jim (most of which is way over my head) predicts a complete catastrophe that will be far worse than the Great Depression (bailouts are not going to work this time) and says the only course available to the Fed will be to freeze the banking system.
939,104 views 24 Mar 2023 #federalreserve #money #banking
Edward Dowd, Founder of Phinance Technologies and former BlackRock fund manager, and Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, discuss the Federal Reserve’s latest rate hikes, and why Dowd thinks Fed Chair Powell will be “forced” to cut rates by June of 2023, leading to a “controlled implosion” of the banking sector. Dowd forecasts that as banks consolidate, only 6 major banks will be left standing by 2025, paving the way for Central Bank Digital Currencies (CBDCs), digital fiat tokens issued and controlled by central banks. This, Dowd claims, could lead to “total government control” and a potentially dystopian future . Dowd also sees the dollar losing its dominance on the world stage with a “kinetic war” breaking out as the BRICS countries launch their own reserve currency.
