David Morgan: Tyranny & The Looming Threat of CBDCs

Tom rejoins silver investor David Morgan to discuss Central Bank Digital Currencies (CBDCs). David has already done 30 podcasts examining crypto including possible ties between bankers, elites and the cryptocurrency world. He suggests banking elites desire to control the system via CBDCs is rooted in a reluctance to allow citizens to escape established systems. China's CBDC system is functioning successfully, becoming a model for other countries. Governments are expert at economic manipulation, said David, which is why he implores people to contact their representatives directly and express apprehension towards a crypto-central bank initiative. He acknowledges asset-backed cryptocurrencies offer a possible alternative, since they are still under the government's radar. Opting out of the current financial system is a viable option, but asset backed investments are still small relative to the overall financial system. David doesn't expect anything major to disrupt the system over the summer, so gold is likely to remain quiet. Money holds power, but ultimately freedom is more important. This is why efforts to disrupt status quo are so important. Time Stamp References:0:00 - Introduction1:00 - CBDC Adoption & Crypto4:50 - Bank Instability & Control10:10 - CBDC Uncertainties11:37 - U.S. CBDC Timelines16:54 - FedNow Trial Program18:08 - Gov't Efficiency & Money19:27 - Sidestepping the System20:30 - Pressure Politicians21:48 - Asset Backed Crypto?24:16 - What Price Freedom?25:36 - Freedom & Opting Out28:47 - Precious Metals & Gov't31:47 - Collapse Scenarios36:47 - Summer Doldrums?40:13 - Wrap Up Talking Points From This Week's Episode * Governments are using Central Bank Digital Currencies to increase their control and prevent people from escaping the system.* Asset backed crypto currencies may provide an alternative financial structure and offer more freedom.* There likely won't be any major disruptions to the existing financial system this summer, creating a period of steadiness for precious metals. Guest Links:Website: https://silver-investor.com/Twitter: https://twitter.com/silverguru22YouTube: https://www.youtube.com/user/silverguruISO 20022: https://www.progressoft.com/blogs/iso-20022-data-model-holds-the-key-to-cbdc-interoperability David is a precious metals enthusiast with degrees in finance and engineering, and he originated The Morgan Report. This monthly report covers economic news, the global economy, and substantial capital gains by investing in the Resource Sector. The Model Portfolio includes top-tier, mid-tier, speculative, and special situations. David considers himself a big-picture macroeconomist whose main job is educating people about honest money and the benefits of a sound financial system. A dynamic, much-in-demand speaker worldwide, he has appeared on CNBC, Fox Business, and BNN in Canada. He has interviewed- The Wall Street Journal, Futures Magazine, Investing Rules, and numerous other publications. As publisher of The Morgan Report, he has appeared on CNBC, Fox Business, and BNN in Canada. He has been interviewed by The Wall Street Journal, Futures Magazine, The Gold Report, and numerous other publications.