4 Comments
Mar 25, 2023·edited Mar 25, 2023

I've read some interesting takes elsewhere and I'm inclined to think that there's something to the theory that Powell, Yellen and the f-ed up leviathan we call the federal government are doing all of this on purpose. They know that continuing to raise rates is going to cause banks to collapse and the theory is that is exactly what they want. Why? Because it is the perfect "crises" they will use to force us into Central Bank Digital Currency and do a phased ban on physical cash.

Joel, perhaps you and Messrs. Bonner, Dyson and Denning could provide your insights as to what you will do beyond owning a lot of physical gold and real estate if the government and central bank take that kind of control? I'm guessing Mr. Bonner has a lot of money outside the U.S. banking system, but from what I read this is going to be a very common tactic used all over the world and it's coming very, very soon.

Expand full comment

I tuned in to make a comment and the first thing I saw was someone else making the same comment and someone else agreeing. If I were a central banker wanting to control the entire system with CDBC, this looks like the playbook. Thanks for all of your comments.

Expand full comment