'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.
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🤑 BANK CONTROL 🤡
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.