CBDCs Will Further Fragment the Global Economy—and Could Threaten the Dollar
By the end of 2023, over 130 central banks representing 98 percent of global GDP will have initiated programs to develop central bank digital currencies (CBDCs). In the next five to seven years, it is reasonable to expect that quite a few of those countries will have issued CBDCs either in wholesale or retail formats. In 2023, policymakers quickly moved past proof of concept, delivering pilots across a range of jurisdictions.
CBDC initiatives continued to gather momentum during the first half of 2023 as noted in the Atlantic Council’s CBDC Tracker:
🔗SOURCE ➡️ Atlantic Council
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British man attacked for entering a ‘no-go zone’ in London.
A horde of Islamists surrounded him and questioned why he was in ‘their’ neighborhood.
They threatened him and began chanting ‘Allahu Akbar’ as they kicked him out.
A 65-year-old couple retiring in 2025 with average earnings will receive an estimated $1.34 million in lifetime benefits, while contributing only $720,000 in today’s dollars.
That shortfall—more than $600,000 per couple—is being made up by younger workers.
“Most of the growth in spending has gone to retirement and healthcare, while programs that promote upward mobility... have been left behind”
https://www.newsweek.com/social-security-medicare-young-workers-cost-10477619