'Big Brother' Alert: Bank Reports Predict U.S. CBDC Within 3-5 Years

Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, delves into a critical discussion with George Gammon, an astute investor and macroeconomics expert. Together, they dissect recent bank reports signaling the potential arrival of an Orwellian-style Central Bank Digital Currency (CBDC) in the U.S., projecting a timeline of three to five years, contingent on the unfolding crises. Gammon articulates the perilous implications of a CBDC and raises concerns about a potential covert introduction in the U.S. The conversation extends to Gammon's insights on de-dollarization, outlining a base case reminiscent of the 1970s. Stay tuned for the revealing Part 2!

Follow Michelle Makori on X: @MichelleMakori (https://twitter.com/MichelleMakori)
Follow Kitco News on X: @KitcoNewsNOW (https://twitter.com/KitcoNewsNOW)
Follow George Gammon on X: @GeorgeGammon (https://twitter.com/GeorgeGammon)

#CBDC

00:00 - Intro
01:11 - CBDCs 101
11:40 - Rollout plans
15:46 - FedNow
16:50 - CBDC: 3-5 years away
27:48 - CBDCs and dollar as reserve currency
42:12 - Dollar outlook
01:00:30 - Tokenization and CBDCs
01:04:37 - Why is gold a way to protect yourself
__________________________________________________________________
Kitco News is the gold standard in precious metals, commodities, cryptocurrencies, mining, and financial news.

SUBSCRIBE to our channel to stay up to date on the latest market and industry news.

For breaking news, views, charts, and data on precious metals, cryptocurrencies, and financial markets - visit us at https://www.kitco.com

To get market updates on the go, download the Kitco Gold Live! APP - https://applications.kitco.com

Stay connected:

Twitter - https://twitter.com/kitconewsnow
Instagram - https://www.instagram.com/kitconews
Facebook - https://www.facebook.com/KitcoNews
LinkedIn - https://www.linkedin.com/company/kitconews
StockTwits - https://stocktwits.com/kitconews

Live gold price and chart: https://www.kitco.com/gold-price-today-usa/
Live silver price and chart: https://www.kitco.com/Silver-price-today-USA/
Live crypto market data: https://www.kitco.com/price/crypto/

Learn more about Kitco News: https://www.kitco.com/news/about/

For more information on advertising, sponsorship and marketing promotions – please visit our online media kit at: www.kitco.com/advertising

Disclaimer: The videos are not intended to provide trading advice, and the views expressed do not necessarily reflect those of Kitco Metals Inc. Kitco News, its anchors, and reporters are not responsible in any way for the performance or actions of any sponsor, advertiser or affiliate of Kitco News.