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Is FedNow a precursor to CBDCs, 'totalitarian' control? - Richard Werner
Richard Werner, Economics Professor and Author of "Princes of the Yen," joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the FedNow instant payments system's rollout in July, and whether it could be a precursor to Central Bank Digital Currencies (CBDCs), digital tokens controlled and issued by central banks, and which operate like fiat money. He warned about the potential for CBDCs to unleash 'totalitarian power,' and suggested political solutions to the threat posed by CBDCs. (show less)
Richard Werner, Economics Professor and Author of "Princes of the Yen," joins Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, to discuss the FedNow instant payments system's rollout in July, and whether it could be a precursor to Central Bank Digital Currencies (CBDCs), digital tokens controlled and issued by central banks, and which operate like fiat money. He warned about the potential for CBDCs to unleash 'totalitarian power,' and suggested ... (read more)
Market Analysis
The Kitco News team speaks to analysts and experts on the frontlines of the market to get the most up-to-date news on the economy. The show offers a well-rounded, timely view on big market moves and any major headlines that may affect financial assets. Coined – no pun intended – as the number one source of precious metals news, Kitco News is the leading provider of up-to-date price action in the precious metals space.Disclaimer: The content on this website, including, without limitation, news, videos, interviews and commentaries, is provided by Kitco Metals Inc. ("Kitco") for informational purposes only and is not intended as any form of advice, whether legal, accounting, investment, financial or tax advice. Therefore, it cannot be relied upon as such. Should you require such advice, contact a licensed professional. The content provided herein is provided on an "as is" basis without any warranty of any kind, whether express or implied and your use of the information provided in said content is entirely at your own risk. In no event will Kitco be held liable for any indirect, special, incidental, or consequential damages arising out of the use of the content on this website.
