'Emergency' Fed rate cut by June, only 6 U.S. banks will be left by '25 paving way for CBDC - Dowd forecasts that as banks consolidate, only 6 major banks will be left standing by '25, paving the way for CBDCs, digital fiat tokens issued & controlled by central banks.
(www.youtube.com)
🤑 BANK CONTROL 🤡
Call me stupid but will somebody please tell me what CBDC stands for? Google is no help.
Not stupid question at all, it stands for "Central Bank Digital Currencies".
Thank You. Much Appreciated.
No problem fren, I'm always having to ask or look up these things because I either forget what they stand for or don't know. I only shortened it in the title because I needed the room to add other words or I would have put the whole thing.