Next Crisis Could Lead to Massive Banking Consolidation, 8 Banks to Dominate: Ed Dowd

"Edward Dowd, Founding Partner of Phinance Technologies, warns of an impending global debt crisis in an interview with Michelle Makori, Lead Anchor at Kitco News. Dowd predicts severe stress in the U.S. banking sector, leading to massive consolidation where only eight major banks will dominate. He also explores the potential for this crisis to pave the way for the introduction of central bank digital currencies (CBDCs), which could reshape the financial landscape.

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