The Bank of International Settlements recently released a blueprint for a future monetary system run on CBDCs.
It's wrought with all of the hubris, bad assumptions, and creepy control mechanisms that you would expect.
Here's my breakdown of their plan:
Central bureaucrats are often acting with the best intentions. But know is smart enough to grasp the complexity of our social & economic systems. Therefore the consequences of central planning are often disastrous.
Chinese central planners had the best intentions when they ordered birds to be killed to increase agriculture yield. Unknowingly setting a process in motion that killed 10s of millions… 😰
Really good breakdown. Thanks for bringing the signal week after week.
Thanks for the good summary, Marty! Keep up the good work — we will win.
Good article 💪⚡.
So...they're making Ethereum 3?
Bank for International Settlements*
great riff ;)
