The events happening right now in the world are unprecedented. There are banks trying to outmaneuver central banks. Yes, to the common citizen it seems like they’re on the same side, but they’re really not.
Due to Keynesian money printing insanity, banks are actually trying to control the situation because they see it won’t be good for them in the long run.
I’m not an economist and I don’t pretend to be one, but in very simple terms, the current financial system is a huge Ponzi scheme with layers of banks. The smaller commercial banks get left with the bag of shit when inflation happens.
And now we see former Economy Minister of Greece Yianis Varoufakis actually advocating for CBDCs.
“The time for ending the bankers’ scandalous cartel is now; the way to do it is by creating a central-bank cryptocurrency.”
It is insane.