Egon von Greyerz: Wrong FED policy, CBDC vs. cash & gold

In the U.S., the fastest interest rate hikes ever are being implemented and attempts are being made to lower inflation by destroying demand. Unemployment is the result and more and more people have to touch their savings. Even when interest rate hikes by central banks end, market forced increases are to be expected, a vicious cycle for the economy and finance. To prevent the collapse of the fiat financial system, CBDC's are being pushed further and further, e.g. in Ukraine. But there are also counter-movements for cash. In Switzerland, a new initiative wants to protect cash by law. In Argentina, once one of the richest countries on earth, inflation is reaching almost 100%. In Lebanon, too, cash is rapidly devaluing and riots are breaking out. Gold and silver protect your savings. Even small sums will make a big difference in an emergency.

Sources and further information

Interest increases
https://www.schwab.com/learn/story/markets-to-fed-slow-down-you-move-too-fast

US savings
https://fred.stlouisfed.org/series/PSAVERT
https://fred.stlouisfed.org/series/TSDABSHNO

CBDC vs. cash
https://thenewscrypto.com/ukraine-prepones-pilot-launch-of-digital-hryvnia-to-2023/
https://www.srf.ch/news/wirtschaft/comeback-des-bargelds-bargeld-wird-in-der-schweiz-wieder-beliebter
https://www.bk.admin.ch/ch/d/pore/vi/vis514.html

Hyperinflation, gold
https://www.goldseiten.de/kurse/Goldcharts-ARS.php
https://www.msn.com/de-de/finanzen/top-stories/argentinien-inflationsrate-steigt-auf-fast-100-prozent/ar-AA17wA8W
https://www.reuters.com/world/middle-east/lebanese-depositors-smash-up-burn-beirut-banks-2023-02-16/
https://www.incrementum.li/en/journal/february-2023-monthly-gold-compass/

This is not investment advice.