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IPFS News Link • Central Banks/Banking

Catherine Austin Fitts Exposes The Central Bank Digital Currency Prison

• https://www.zerohedge.com by Tyler Durden

CAF explains, "You have bubbled an entire economy, and now you are bringing out something (CBDC) that could shrink the bubble dramatically, and it can put a lot of banks out of the game and out of the business..."

"If the central banks are going to compete directly for retail accounts, it's going to shrink the fees and business for a lot of banks.  You are talking about cutting their income or putting them out of business.  So, CBDC is highly controversial.  One reason is people are beginning to wake up and realize, oh, I am no longer an insider.  CBDC is going to turn me into a slave, and they are going to be able to take all my assets.  You think they could lock you down during the pandemic?  The CBDC is the ultimate lockdown tool, and they can lock anyone down whenever they feel like it."

The Fed's biggest fear is losing control of the financial system.  CAF says,

"The Fed is scared to death of the global debt growth model, and they kept this model going by growing the debt more and more and more.  Now, interest rates are accelerating in a way . . . it shrinks your productivity.  So, the pie that is supporting the debt, is shrinking....


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