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There has been a lot of talk about central bank digital currencies (CBDCs) lately. Supporters tell you they will provide a safe, secure, convenient alternative to cash. But in this episode of the Friday Gold Wrap, I dig deeper and explain that CBDCs are actually about more government control. I also talk about how Jerome Powell talked and tanked the markets this week.
Topics Covered
- Jerome Powell performs “open-mouth” operations
- Markets react to a hawkish Fed
- What are central bank digital currencies?
- The issue of control
- Nigerians spurn government digital currency
Video Length: 00:27:53
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