Will CBDC Succeed or Will it Ultimately Fail? What Happens To Gold?
Peter St Onge, a Ph.D. economist and professor, joins the show to discuss the possibility of a gold-backed digital currency emerging from a Texas legislator and whether it would be implemented or if the Fed would prefer a central bank digital currency (CBDC), not backed by gold. Peter also shares his opinion on other commodity-based currencies and the potential of backing a currency with gold or silver. He discusses the strategic advantage of backing a currency with gold or silver and the possibility of BRICS (Brazil, Russia, India, China, and South Africa) introducing a gold-backed currency. Peter explains how China could implement a BRICS currency separate from their own currencies and how it could be a potential threat to the US dollar. Tune in to this informative discussion on the future of currencies and the role of gold in the financial system.
Peter's Twitter: https://twitter.com/profstonge?s=20
Twitter - https://twitter.com/WallStreetSilv
Instagram - https://www.instagram.com/wallstreetsilver/
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Facebook - https://www.facebook.com/Wall-Street-Silver-103206701843254
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DISCLAIMERS/TERMS/RULES:
► I am not a professional financial adviser, nor do I offer financial advice. This video is for entertainment only. Please consult your investment and tax experts for financial advice.
#silver #wallstreetsilver #gold #preciousmetals #silvergoldbull #Wall #Street #Reddit #Platinum #CurrencyReset #Reset #Silversqueeze #Fed #November2021 #2021 #worse #restart #financecommunity #stockexchange #inflation #preciousmetals #finance #banks #financecrash #gold #economy #money #economiccrisis #broke #credit #inflation #purchasingpower #systemchange #crisis #crash #marketing #insolvency #profit #bitcoin #Cryptocurrency #politics #media #stockmarket #stocks
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