Say GOODBYE to the US Dollar as we know it
The US dollar as we know it, is about to change forever. In a recent video, I unpacked all of the ways the US dollar is losing its strength and dominance as the world’s principal reserve currency. If you haven’t seen that video, check out this card right here.
But what I didn’t quite go into in that video is how all of this is brewing and culminating, making way for the introduction of a Central Bank Digital Currency. So today, we’re going to talk about the future of digital currency and why it poses a significant threat to the US dollar.
CBDC is being promoted as an alternative to replace the American monetary system, which has been in place since the 1700s. Proponents of a digital currency argue that the advantages would include streamlined payment systems and more secure payments… but there’s a lot more that goes into it than that.
In reality, the use of CBDCs would pose substantial risks to the American people who are used to a traditional currency system that offers privacy and independence.
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Credit to : Morris Invest