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IPFS News Link • Currencies

Central Bank Digital Currency Prison - Catherine Austin Fitts

• USA Watchdog

Catherine Austin Fitts (CAF), Publisher of The Solari Report, financial expert and former Assistant Secretary of Housing (Bush 41 Admin.), says the Central Bank Digital Currency (CBDC) is much easier said than done.  There is a monster fight behind the scenes between commercial banks and central banks.  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."

 


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