The Great Reset: Nigeria experiment with CBDC failed – Central Bank of Nigeria finds another Ponzi scheme.

After attempts to get the country population to adopt the eNaira, their Central Bank Digital Currency, the adoption was met with little success. Now Nigeria Central Bank will pilot a cNGN stablecoin on February 27, 2024. This cNGN serves as a complement, and not a substitute, for the eNaira, which is the CBDC issued by the CBN.

This launch comes after the country's central bank raised monetary policy rate by 400 basis points to 22.75% and greatly weakens the naira to a fresh record low. "The cNGN token is pegged at 1:1 to the Nigerian naira, the country's fiat currency, and is backed by Naira reserves held in designated commercial banks."

"Wow, the currency is collapsing. How is this going to be a stablecoin? Will this instil confidence when the people are experiencing inflation at levels never before seen?"

"In this video, Lynette Zang delves into the dynamics of transitioning monetary systems, drawing insights from Nigeria's economic landscape. She scrutinizes the failures of conventional approaches to combat inflation and restore trust in currencies. With a keen focus on the rise of digital currencies and stablecoins, Lynette advocates for prioritizing tangible assets like gold and silver for wealth preservation. Encouraging viewers to embrace self-sufficiency and community resilience, she empowers them to take control of their financial destinies by voting with their wallets. Join Lynette as she navigates through the complexities of global economics, offering invaluable insights and strategies for navigating uncertain times."

More in the Lynette Zang video.