25 Comments

1. I’ll wait for Catherine and John’s analysis on this one – two of the very few I trust anymore. There’s just too many out there these days giving out banking system analysis then trying to sell you gold and silver coins in the next breath. So glad you guys don’t do that.

2. Inevitably the western central bankers will have to make the argument that adopting CBDCs is a matter of national or bloc security, because if we don’t do it, the chinese / russians will. and i guess by some leap of contrived logic, it will mean china will rule the world.

   thank you catherine, john and solari team for everything that you do. no doubt your intelligence and eloquence in explaining this issue has helped to make it a main stream issue.

   1. China’s CBDC is a two-tier system which preserves existing banks, unlike the proposed US CBDC that would be one-tier.
      Through “private/corporate” WeChat, China already has pervasive digital payments, transaction tracking and a transaction-level kill switch.
      US proposals for CBDC are closer to a state-run WeChat.

      1. In case you are interested in what is happening there, here is a video about current China banking controls that work in tandem with digital payment platforms such as Wechat.

         The video is not great but it gives you an idea at least of another place where the war on cash is happening.

         Not to mention that the social credit score system is well integrated with these platforms already.

         No Money Is Yours! Money Control Amplifies Authorities’ Power.Chinese Economy Like Casino Capitalism

         https://m.youtube.com/watch?v=bc4faJMUZXE

      2. Hi Rich! That is right on paper, but you have seen how the China govt has taken over the tech industry in China, even making Alibana Jack Ma, China’s Jeff Bezos equivalent, have to give up company control and retire to Japan. So there is no real separation between private and state within that industry. Or the banking industry for that matter, these are centrally managed within a corporate shell

3. Cautiously optimistic – could this at least lead to a critical mass of awareness on the CBDC issue?
   Also to note, the timing is convenient with DT’s arrest theatre which aimed to put DeSantis in an awkward position.

4. Kristi Noem already vetoed a sneaky CBDC bill in South Dakota. DeSantis is trying to draw attention to this and is asking other governors to follow suit. Not a fan of his cozy connection to establishment donors as they will expect a very high ROI from him. But it’s possible they also see CBDC’s as a threat to them. The Fed will use an AI most likely to run it. And it will (in the end) go after everyone.

   1. I am going to do high octane speculation a la Dr. Farrell here, and suggest that these establishment donors who are pushing back against CBDCs in Florida via DeSantis are headquartered somewhere in Colombia or Mexico, and operate very large global cash based businesses.

      1. Yup. Said on Money & Markets that DeSantis political support was likely mob and Navy.

5. I am confused at times about DeSantis and his past connection’s to Skull & Bones… but…. just getting MORE people to understand the impacts of CBDC’s is fantastic news to me. The people MUST know about it – to STOP it.

6. Just for raising awareness of CBDC and for being against CBDC – this is good.

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