CBDCs will be just as “inflatable” as the currency we have now, probably more so, if that’s possible. Investigate gold and Bitcoin if you’re interested in protecting your wealth. From Nick Giambruno at internationalman.com:
International Man: For over 2,500 years, gold has been mankind’s most enduring money.
However, with the emergence of Bitcoin there is a new hard money option.
How do you see the two as governments worldwide continue to engage in rampant currency debasement and are rolling out central bank digital currencies (CBDCs)?
Nick Giambruno: First, I am all for free-market competition in money.
I say let the best money win.
Having a handle on the basics is crucial to understand what is happening here.
Money is a good, just like any other in an economy. And it isn’t a complex notion to grasp.
It doesn’t require you to understand convoluted math formulas and complicated theories—as the gatekeepers in academia, media, and government mislead many folks into believing.
Understanding money is intuitive and straightforward.
Money is simply something useful for storing and exchanging value. That’s it.
The way I see it, three primary monetary goods are competing against each other today: Bitcoin, gold, and fiat currency.
Fiat currency is currently the dominant form of money in the world. But that status is fleeting as central banks are debasing their currencies at breathtaking speed.
CBDCs are a desperate, last-ditch effort to keep the fiat currency scam going—a Hail Mary.
To escape the collapsing fiat system and CBDC enslavement, many millions—soon billions—of people are turning to monetary alternatives like gold and Bitcoin.
Fiat currency is a fraud of historic proportions that causes incomprehensible damage. So I am rooting for both gold and Bitcoin in this three-way war for monetary supremacy.
