Image Source: Pixabay
 

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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