The Great Reset: On coming CBDCs will most likely hurt your wealth and lead to dangerous control.

How to protect your wealth and autonomy from Central bank digital currencies (CBDCs) dangers. "John Butler, Investment and Editorial Director at Southbank Investment Research, and Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, discuss the rollout of CBDCs, and why they could lead to 'dystopian' scenarios playing out in which government control becomes Orwellian. Butler explains why CBDCs could make inflation worse, and offers his thoughts on what a 'CBDC-defensive' portfolio would entail. They end their discussion with an examination of gold and its role in the coming monetary reset."

More in the Kitco News video.

Note: In simplest term a CBDC is a digital form of fiat currency. However this is where it ends. After a short period of transition (6 months or so), fiat currency – cash, monies in the bank and investments, not converted or unconvertible will be deemed illegal tender.

Location: Canada

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