Central Bank Digital Currency CBDC is Coming

Hard Assets Alliance : hardassetsalliance.com/?aff=BSC
Ed Dowd of Phinance Technologies and former BlackRock Portfolio Manager, provides his views on the U.S. economy, the Regional Banking Crisis, Central Bank Digital Currencies, and why the Trump-Biden Rematch is the worse possible scenario.
Timeline
00:00 Intro
00:12 Hawaii
01:09 Favorite Island
02:17 US Economy
04:12 Money Supply Goes Negative
05:45 Bank Failures
07:25 Government Spending
08:40 The Fed
09:05 Let's Summarize
09:50 Small Businesses Collapsing
10:18 Stock Market Risk
11:30 Impact of Money Supply
13:06 What Am I Missing?
15:20 Debt Levels
18:01 Regional Banks Collapsing
22:10 Catalyst Coming
23:55 S&P Target
25:10 CBDC Coming
26:15 Controlling Bank Accounts
26:58 Canada Freezes Bank Accounts
28:33 Motive of CBDC
29:20 Crypto Currencies
30:18 Trump Biden Rematch Bad
31:55 Trouble Coming 2025
34:20 Japan Carry Trade
35:50 Wrap Up
37:59 Conclusion
WAIVER & DISCLAIMER
If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of April, 2024, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital was paid a fee for this Interview.

[@BloorStreetCapital]

What's your favorite island in Hawaii? What's your take on CBDCs? Is the government trying to control every aspect of our lives?

[@alexandrapetre3009]

Kauai is absolutely stunning. We stayed Hanalei Bay which is the closest thing to heaven you will find.

[@OilTrading]

@@alexandrapetre3009 I agree the garden island Kauai is very nice :-) Yes with digital currency the government would have total control over a person's life. You would have to do everything the government told you to do or you would have your money turned off.......

[@jimlarkin7859]

CBDC = boot on your face forever….

[@nitdiver5]

My favorite island is the one with the most blue roofs

[@jimlarkin7859]

@@nitdiver5 truth!!!!!

[@zimone8835]

Cash = Freedom CBDC = Bondage

[@georgesamaras2922]

electronic peer to peer digital cash .. trad cash is fiat

[@ivorkovac303]

@@georgesamaras2922 Not everyone wants to be using their phones all the time, and paper still works without electricity or Wifi.

[@bobjonez110]

wealth =freedom and cash =debt. cash is often confused with wealth but cash is only Paper/digits that the government uses to control people through the illusion of a central Bank

[@econrith]

PAY CASH FOLKS, DON'T LET THEM GET THIS KIND OF CONTROL OVER WHAT YOU CAN SPEND AND HOW MUCH YOU CAN SPEND. The fees for contracting will be a big wedge of your available money available to you. It is up to everyone not to let this happen.

[@peterson6824]

That's great, but really everyone should learn to use PRIVACY COINS (eg, Monero/XMR or Zcash/ZEC, etc.). And they should LEARN NOW because soon banks will stop allowing us to send USD to crypto exchanges. You see, if cash becomes worthless, then many say to hold silver. Great if you just want a hedge, but if you want to do financial transactions cross borders, online, without hauling heavy silver in your pocket, and without the govt CONTROLLING YOU and telling you what you can or can't buy, or punishing you if you post a contrarian opinion on social media (like they're doing in China with their social credit system)....then LEARN NOW how to use privacy coins.

[@user-xj4bt3pv3j]

The information technology , is keeping your last address handy as you tent the street. Pay cash or lose it.

[@user-cu4eb2un5d]

CBDC = Programable Money = Total Control

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

[@Unisoft-data]

who cares to program money if they can program your mind ..... They already can PRINT NEW MONEY and have no inflation, there is absolutely no reason to program money

[@sdrc92126]

Digital Cattle. A boot stamping on your face --- Forever.

[@sikhtraveller8860]

​@@BloorStreetCapitalthey r openly saying u will own nothing😅

[@jjk2one]

@@sikhtraveller8860 Specifically, a quantum computer could take a publicly available public key and derive the associated private key from it. This means that any data encrypted using that public key could now be decrypted without the consent of the party that sought to protect that data.

[@nitdiver5]

CBDC is that last step before the 666 mark of the beast

[@Truthseeker424]

Yes… & It will be part of it… the first half of it.

[@JamesBrown-du2nn]

There will be a resistance father god is not going to allow it to work out for them they don't run nothing on there best day but there mouth and there shoes over

[@kauaifishing1365]

You have nothing to worry about if you’re saved. You won’t be here. That happens during the tribulation

[@carolynklestinec8589]

I do believe this myself . And if you go back and watch a documentary all about the blockchain and how it works you will see how the biblical beast system could not really exhist without blockchain technology.

[@Jiidwag]

And AmeriKKKa(IMF-World Bank location) is leading it!!! LOL. USA = MYSTERY Babylon Harlot the GREAT!!!!! "AmeriKKKa the GREATEST country on Earth!"

[@taroman7100]

Digital currency may be the straw. taking our money and digitizing it is slavery not freedom.

[@kennethsalfer5079]

Funny how I never needed the government before to make money I think the government needs to stay out of everybody’s business and let them make their own way like it should be government has way too much control already and they F things up all the time…. So I’ll stick to my own way of making things work with my own way of making money, live long and prosper.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and great advice Ken!

[@elizabethmurray5718]

I agree. Who is the government to control people in the coal business, oil business, or tanning beds? The government's supposed to control illegal drugs and illegal immigration.

[@VoluntaryPlanet]

Government shouldn’t exist

[@tarey05]

❤ Ed Dowd! National treasure

[@jxschw]

Ed Dowd is one of the best. Good interview.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@user-ol7tl1vf5m]

CBDC is a fantastic tool for the totalitarian mindset. My perspective is rooted in the belief in the inherent equality of all humans and the importance of ethical and moral principles. From this standpoint, there may indeed be little difference between a totalitarian nation state and a criminal gang: 1. **Equality and Moral Principles**: - In a society where all individuals are considered equal and adhere to ethical and moral principles, no one should have undue authority or control over others. This applies regardless of whether the authority comes from a government or a criminal organization. 2. **Violation of Rights**: - Both totalitarian states and criminal gangs can violate the rights and freedoms of individuals. Whether it's through state surveillance or criminal coercion, both undermine the autonomy and dignity of individuals. 3. **Resistance and Accountability**: - Individuals in such a society have the right to resist oppression and hold those in power accountable for their actions. Whether it's challenging a repressive government or opposing criminal activities, the principles of equality and moral action guide individuals in standing up for their rights and the rights of others. From this perspective, whether the authority comes from a government or a criminal organization, it is seen as illegitimate if it violates ethical and moral principles or infringes upon the rights of individuals. In essence, both totalitarianism and criminality are rejected in favor of a society based on equality, ethics, and moral actions.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and the interesting perspective!

[@RussCR5187]

There's no doubt that: 1) western countries are no longer operating under a representative democratic framework, and 2) there is a cabal of psychopathic billionaire oligarchs working to install a global totalitarian system, with them as kings and us (in drastically reduced numbers) as slaves.

[@VoluntaryPlanet]

AKA a Voluntary society

[@sdrc92126]

_Harrison Bergeron_

[@timfatout7082]

Eventually, the Fed will not be able to save the stock market - or anything else, for that matter. The introduction of CDBC will initiate a black market of a magnitude that nobody has ever seen.

[@ad6417]

My son trained to be an electrician. It took him 6 months and he finally got hired as a janitor. Many of the job postings were fake. The company that hired him as a janitor mistreated him and actually told him they were doing him a favor by letting him earn money. He quit last week to start his own landscape company.

[@BloorStreetCapital]

Wow that is crazy! Where is he based? I always thought electricians had a guaranteed job.

[@chrisrossman9566]

100%, The company I am working for has job postings, but we are not hiring. We have about 350 total employees. If we let go 150 it wouldn't matter. Sales are down 50% from two years ago.

[@user-nw3zo9ze2y]

Wishing your son the best

[@cjb8993]

@@chrisrossman9566 Two things happening there. Two years ago, the country was running on Brandon Bucks, which have largely evaporated and now, what company is going to higher into the uncertainty of the election? None, they want to keep capital close and wait to see what the outcome will be. There's zero confidence in the US if the Brandon steals the election, again. And rightfully so, he's literally destroyed the nation in a few short years.

[@fredjohnston7022]

I don't know what city/state you are in - but most locations you can't find a GOOD/TRAINED Electrician to do anything. This is true of most trades. SO - the problem here could be the location - you have to be willing to move to where the work is - the best way to do that is find states that are GROWING and have strong financial discipline and AVOID states that have decreasing populations and out of control spending. Be careful with immigration - those states allowing mass illegal (not legal) immigration will have decades of fiscal problems as illegals take years/generations to adapt to American life. I live in IA and MO - both should remain quite stable (just avoid the bigger cities). QUALITY labor is in short supply. Nothing will be handed to anyone - hard work pays off eventually!

[@postscript5549]

My thanks to Ed Dowd.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

[@georgesamaras2922]

what CBDC or cards is worth without electricity

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment George and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@duncanmacleod7287]

NOTHING and that's the point. They are leading us towards a "great reset" with EVs and digital money, id etc

[@faithsrvtrip8768]

I always have cash on hand, usually in $10s and $20. Just in case SHTF.

[@BradleyMcDonald]

Very clear and smart. Very little fluff and every word makes sense.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Bradley and for taking the time to view our content!

[@kathrynj.hernandez8425]

[@douglascarlson9006]

Oh really? ... just another lackluster interview that did not reveal any interesting perspectives on the prospects of CBDC here in the U.S.

[@josephdow9205]

Ed Dowd is a practical and Patriotic source for $$$$ info.

[@deirdredear]

Ed Dowd is always a guiding light. Thank you for having him on.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@BlkFireHawk427]

Love Ed Dowd!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@Bianca-bb6tt]

CBDC is the Devel of Money

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Bianca and for taking the time to view our content! Why do you think CBDC is the devil of money?

[@ace9840]

@@BloorStreetCapital It’s not money. Unless they’re planning on backing it with gold. Otherwise it’s just another debt based fiat currency.

[@BloorStreetCapital]

@@ace9840 good point about gold and we know they wont do that!

[@ace9840]

@@BloorStreetCapital But what if another country or financial entities do. They’ve been buying gold by the tons. Especially in the last few years after 2008 at it seems to be picking up speed. How would that affects our CBCD?

[@Bianca-bb6tt]

@@BloorStreetCapital Gold + Goldminer's is a great Investment for the next 6 Months 👍.

[@tomsmith-rj3vw]

Yes and 1 million Americans went by by from trump fauci medicine As you said on USA watchdog. 2 weeks ago.. too strange.. but we ❤ ed dowd..we are glad your still alive..

[@wadedavies3924]

Lesson learned.....avoid all injections from the Feds.

[@taroman7100]

TRUMP? he was against the whole damn shut down thing--get your facts straight.

[@andydarbyshire4933]

Thnx for the insight.

[@tuhingatoha1134]

Love what Ed Dowd had to say james...thanks for bringing him on.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

[@Pchangnyc_Jedi]

Thanks James first time hearing ed love the insight

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

[@zacbunch5691]

Ed is a wealth data. Not just on finance.

[@douglascarlson9006]

What insight? ... Another blown opportunity to really get inside Dowd's head o the topic CBDCs.

[@MoosesValley]

This video covered so much ground. Government spending / debt are also way out of control in my country, Australia. Local governments and local councils are all in massive debt. Even my local council, a small council in a rural area, is well over 100 million in debt . This is what happens when you allow morons (or corrupt criminals) to get into positions where they can control policy / business / money without any any transparency, accountability, or repercussions. People who cannot honestly and effectively run a market stall are running the country. And, of course, the problem with morons and criminals is that they often refuse to take a good hard look at themselves and admit what they really are. Scary times ahead ... volatility, crashes, rising cost of living, rising rents, rising and increasingly unpunished crime, people feeling increasingly disconnected and discriminated against, rising personal debt, ... and massive suffocating debt that people, governments, and councils are going to have to start paying back at some point. I'm still not sure what the "answer" is. I'm 100% debt free, own my very humble house (just an old farm house) and car, and have my savings in a 12 month term deposit @ 5.25%. There are probably better options ??? ... but at least I have the government bank deposit guarantee for protection (whatever that is worth).

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and hope all is well down under!

[@MoosesValley]

@@BloorStreetCapital Sorry to say Jimmy, but our politicians are doing their best to turn our country into a shit hole. Even very mild people like me are thinking: time for armed rebellion ???

[@dave9547]

Well said. I'm in Melbourne, and what happened during c o n v i d was horrifying. The number of people it mentally, spiritually, financially, and physically broke is staggering. Where's the accountability for the crimes committed? Their won't be any. That's the sad and infuriating reality of it. All the best to you mate

[@carolynklestinec8589]

The governments are blowing up this financial system . There is a " GREAT RESET " coming All big money players will take a haircut . They will reorganize and start all over again with the rich people still getting the same contract and funneling of money to them . Banks could care less ( federal reserve and BIS ) why would they care they have made interest on money pulled out of thin air . And when the middle class falls the banks will gain even more assets. Everything else is written off and we start all over . The youngster get to buy houses from the banks 30 year mortgage again its all good in their hood . That is why all,ALL ,countries did this in a coordinating fashion . Hame over for USD on to the next thing we can dupe people to think is valuable to trade their time ( aka life) for . While they reep the benefits. And tictok will show you all the things that $$ can buy

[@giselawatson2203]

I’m a lot like you. But be advised, the banks don’t have to money to cover the so called “insurance” on your deposit

[@paulvarey2416]

great interview. interesting guest

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Paul and for the ongoing support!

[@ckordiolis]

Great conversation! ❤ Please 🙏 have Ed on more often!

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content! We will have Ed back for sure!

[@Boujois23]

Back to bartering if they get their way.

[@user-lb8bg6kj9m]

Gold, crypto and bartering will be banned. Anything not going through the CBDC block chain will be criminalized.

[@Boujois23]

@@user-lb8bg6kj9m that would be very difficult to monitor or police. Whenever they have tried these things ( prohibition in US) people find a way round .

[@arewethereyet9190]

​@@user-lb8bg6kj9mnot complying period!!

[@detectiveofmoneypolitics]

Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Frank! Hope all is well down under!

[@user-lb8bg6kj9m]

Who the heck is Frank g Melbourne

[@MalcolmS.]

Great conversation!!! Very informative

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Malcolm and for taking the time to view our content!

[@roundroscoe6502]

Cash is king.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and well said but gold is even better!

[@aliekatsmom]

Not no more

[@cockyhemi-123]

Cash is fiat funny money. Gold and silver are king.

[@BloorStreetCapital]

@@cockyhemi-123 nothing better then gold in the hand!

[@mondolilith7917]

He who holds the gold makes the rules.

[@paradise6606]

Banks are discriminating against legal tender. Something is really wrong with what's going on in these times.

[@jackcahill2383]

Thank you

[@BloorStreetCapital]

Thanks for the comment Jack and for taking the time to view our content! We will have Ed back for sure!

[@rickynorris1694]

This video should be called Beast System is coming.

[@user-lb8bg6kj9m]

6.6.5. .... +1

[@lakecitymortgage7847]

What are edwards thoughts on xrp when the markets black swan events occur?

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment/question. I will ask him the next time we chat.

[@thistimeisdifferent]

It’s great to see Ed again, thank you for this video. Much appreciated watching on a beautiful Sunday morning.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

[@rosarywarrior8608]

Will home values drop or increase? Is it a good time to sell for the sake of just downsizing and retiring?

[@rolflagerquist8514]

Love is the highest energy vibration in the multiverse. "Love withheld is a Burdened Heart", I pass my LOVE to All.

[@taroman7100]

ok you pray for us

[@rolflagerquist8514]

Free yourself first by using 2 remaining DNA (from 12) and your FREE Will (while you still can) Vote/Pray "against all oppressors" then pass it on. NB; Prayer/Votes to wherever they are recorded. Unless humans act on their own behalf - extinction.

[@hopeinHim5160]

​@@rolflagerquist8514❤️‍🔥🙏✝️

[@tonyricco777]

Research Porticoes Capital, SPE (Blank-Check Company) regarding bank failures. Game Changer. Looks like a "Public-Private Partnership" model designed to shore up FDIC's lack of capability to insure depositors, imo.

[@pogi8638]

Hello Jimmy great video. The thought of a CBDC is very concerning. I very new to investing. What do you think about Bitcoin? Is it worth buying some now?.

[@nanscott3362]

some states have put laws in place to ban CBDC . In a liberal state all things are possible

[@robertvann7349]

You need to harp on debt. 687 trillion dollars in derivatives swaps on debt clock. These are toxic hidden loses, packaged and given a net value and shelved and will NEVER BECOME TRANSPARENT AS LOSES because the government was given a net value.❤❤❤😂🎉

[@ponderinglife5582]

Those derivatives are hard cash….😆🤣,

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Robert! I will bring this up for sure with my next guest.

[@robertvann7349]

@@ponderinglife5582 they are credit and currency derivatives swaps on paper, and who knows how much more , yeah right cash dude? I don't think the Fed has printed those dollars.

[@robertvann7349]

@@BloorStreetCapital hope you look at the debt clock number. Japan was the first nation to hide loses with packaged derivatives swaps, the banksters give them a NET VALUE but they are so toxic nobody in their right mind would buy swaps. It is criminal period. The Big Short move.🥳🥳🥳🥳

[@user-sj7fu6es3y]

CBDC = serfdom

[@BloorStreetCapital]

Boom!

[@vallaeiasprings9870]

does "banks" INCLUDE credit unions?

[@johnnywlittle]

Jimmy has done really well since his Tennis days. Didn’t know he was such a financier 😊

[@BloorStreetCapital]

Ha, thanks for the comment Johnny! Truth be told, I Cant get the ball over the net.

[@tykko8899]

ST interest rate goes down means something bad about to happen, a very interesting point and has answer my question， which i have for long time. Thank you.

[@a.mendez2894]

is it best to pull yur savings an buy gold an silver. how do you get away from CDBC

[@BloorStreetCapital]

Gold all the way!

[@Zizook]

CBDC’s is already a thing, the banking system and the government just doesn’t tell you🤷🏼

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! If that is true when will they tell us or implement it?

[@Zizook]

@@BloorStreetCapital They will never reveal things like this. In my entire life, they have never revealed the reality of money printing either, so why would they reveal the banking system as a tool of societal control. Governments will never reveal the ways they steal from the general public to fund themselves.

[@user-lb8bg6kj9m]

​@BloorStreetCap First comes "retail CBDC" via Fed Now system. Bailouts and bonuses for bankers can happen behind a wall of secrecy. The plebs will get a different kind of CBDC called retail CBDC. It's the means by which the average person gets ripped off.

[@InvestgoldUK]

95% of the population of Denmark has taken the digital id without realising the consequences. There’s clauses in there that any govt dept or the bank can lock your id at any time. No banking, no health services…go to your local fx and see if you can buy DKk

[@scottsperber6468]

Think agian a crash like you have never seen is coming hold on to your cbdc it’s bogus.

[@tinanolan1485]

Amazing data analyst. His team’s work on the vaccine harms is incredible.

[@cockyhemi-123]

There’s no such thing as digital precious metals.

[@user-cs8wp6rs3u]

😂😂😂🤥

[@scottsperber6468]

It means that the digital currency is backed by Gold silver platinum not air like fiat which what cbdc is backed by.

[@cockyhemi-123]

@@scottsperber6468 oh, yeah. Okay. If you believe that I got a bridge for sale.

[@johnnagle7702]

​@@scottsperber6468not to be trusted has to be physical

[@islandaerial3414]

See Kinesis Money

[@contentforclosers]

Most currency's are digital already. You don't really think the gov has trions of dollars sitting around in warehouses.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! That's actually funny and now that I think about it you're probably right.

[@arachosia]

Yes it's mostly digital, but that's not the same as a CBDC. CBDCs can be programmable in order to incentivize one to spend in a certain way. They can even program expiration dates into CBDCs, so you'd have 30 days to spend it or you lose it

[@contentforclosers]

@@BloorStreetCapitalIt is the false dream of marxist academics to have enough money for everything and that money to still be money.

[@RussCR5187]

@@arachosia Agreed. We have BDC, not CBDC.

[@splash4891]

@@arachosia exactly, there is a big diff. and total control over currency that way...egads

[@justintime477]

Japan joins BRICS and you already know

[@JustinBoger-yu3tk]

Is there more coming? Yes Republic First closed last Friday.

[@jonna3474]

God says in his word. "Gold and silver are mine" Who wouldn't prefer to hold Gods money.

[@RussCR5187]

I want that gold and silver to be MINE.

[@valerieirvin249]

Yes but there must be a way to measure it n break down a $5.00 purchase from a $50.00 gold coin, 🤔

[@RussCR5187]

@@valerieirvin249 I think of gold as generational wealth insurance against a complete breakdown of the financial system. For AFTER a new system has gotten started and you need a stake to get started in that new system. DURING the breakdown turbulence, silver would be more appropriate for everyday barter.

[@rodneydowd4739]

Great last name!

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Rodney and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@rodneydowd4739]

@@BloorStreetCapital I was talking about my fellow Dowd. But ya Connor ain’t bad neither. 😂

[@Josephine-sm2db]

Last year when everyone was warning about CBDCs, he wasnt that worried about it.

[@ssm59]

Isn’t it interesting that since we have been reduced to a consumer based economy, the powers that be wish to hit us with a CB DC, which ultimately will reduce consumption. What happens then?

[@user-lb8bg6kj9m]

Mark of the beast

[@RussCR5187]

Universal Basic Income, offered only in CBDC, at a level which forces hardscrabble lives for everyone except a privileged few, all within a global totalitarian system.

[@weekendatbernies2265]

Always enjoy Ed’s brain. Fifty-six ?? Thought he was late forties.

[@serious9432]

yep they want you to transfer your savings out of the private banks into the central bank of the goverment. So they can use it

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment but what they really want to do is control it!

[@user-lb8bg6kj9m]

Pretty sure they can print it anytime since it's all fake money.

[@giselawatson2203]

So they can take it. Read The Great Taking. PDF is available free

[@xqt39a]

So the treasury / FED will do whatever is necessary to keep up appearances until November, all hell breaks lose and Trump takes the blame ( if elected)

[@BloorStreetCapital]

Ain't that the truth!

[@RussCR5187]

They will try, but their success is far from guaranteed. Too many variables that the Fed cannot control (like the Japanese Yen that was mentioned).

[@samyporrata5840]

Central bank digital currencies already exist. They don’t print anymore when they frivolously spend our money. Just numbers on a screen.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Sam! Sounds very much like bitcoin.

[@TonyDAmatoFinancial_Services]

Hard Assets, Gold & Silver!!!

[@dansilver2702]

I wouldn't summarize. we are listening

[@umbro12]

Yep few banks here in Australia, are not using cash, totally digital

[@BloorStreetCapital]

Thanks for the comment! Is the government able to track all your transactions? Are they able to penalize you through the dc system?

[@richsteeger7819]

A retail CBDC is form of central bank digital currency that is used by the general public. A wholesale CBDC, on the other hand is used among banks and other licensed financial institutions for interbank payments and securities transactions. Each jurisdiction could have a CBDC issued by its respective central bank. So fear the retail CBDC.

[@marxamillion5576]

Ed is the first person, other than myself, that I've heard say that government jobs are on the wrong side of the equation

[@BloorStreetCapital]

Thanks for the comment and for taking the time to view our content!

[@RichardEnglander]

Long term investor? Buy gold, BTC, Tesla. I bought more TSLA last week, it was a bargain and way undervalued.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! Great timing on Tesla!

[@kauaifishing1365]

I live on Kauai. Tourism down 20-25% from last year

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment and for taking the time to view our content! So sorry to hear that but it's just a matter of time before it comes back. The island is just too beautiful for people to stay away.

[@Rita-ic9tv]

In 2019, US was energy independent, fair trade practices bringing jobs back to US, low interest rates, no wars, US poised to have best economy ever, then 2020.. pulled plug on hot economy

[@taroman7100]

then Fauci became a politician and not a hack scientist

[@alonzolobaton4631]

Never forget 911, C19, and 😂CBDC

[@suebudding1445]

No way

[@DelburT-ep8tq]

🤣😂🤣😂🤣😂 aged real good!!!!!!!!!!!!!!!

[@steadyfinancialgrowth]

Ed Dowd - economy.

[@robertdagge200]

I saw U2 in Trinity College Dublin in about 1984. Cost the equivalent of about 60c. I lost my sweater mid concert - somehow it ended up on stage and Saint Bono was using it to wipe the sweat off his face. The modern Turin Shroud. Then Saint Bono thumped someone in the crowd. Peace and love, man.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Robert! My friend went to Vegas to see U2 in the Sphere and spent over $1000 per ticket! U2 was there for months (played 40 shows) playing to sold out shows. I don't know where these people are getting the money.

[@robertdagge200]

@@BloorStreetCapital Let's hope Bono didn't thump anyone there....

[@johncoates968]

great story did you get your sweater back?

[@Pathippie]

​@@robertdagge200Let's hope he didn't repeat, " Alexi Navalny.....Alexi Navalny" over and over.

[@cockyhemi-123]

Bono’s a socialist pig.

[@gillyOO7]

It’s for banks not for general use

[@captainnemo4422]

We are way past , " I never thought that could happen here!!"...

[@user-nd1yg3mh8n]

will owning silver help?

[@daleblast5379]

No. Silver is not very scarce. That's why it's only $28 an oz. The more valuable it becomes, the faster it will be mined from the earth. Which will suppress the price

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment/question! I agree with the comment below, just too much of it to have any real value. In addition, 75% of all silver is produced as a byproduct from some other metal such as copper.

[@valerieirvin249]

The gas prices in Hawaii reflect prices in wa state.

[@BloorStreetCapital]

Im paying $6 a gallon in Toronto. What are you paying?

[@bobjonez110]

he says we had a couple of banks close last year and then convolutes silicon valley Bank which was last year with first republic a few weeks ago..maybe he meant in the last year..so I will give him a pass on the BS~ ometer..LOL

[@GalacticScribes]

xrp!

[@geoffreymclaughlin8343]

This wont work. Cash is king.

[@iamhe999]

invest in gold, and Bitcoin.. wait for BRICS digital coin backed by gold.. then invest in it to protect you assets

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! I own gold and no bitcoin. Not going to lie, wish I did.

[@user-uh2pe3kw5l]

So are they going to take the peoples money from them sitting in their accounts.??

[@elizabethmurray5718]

Will something happen in the nick of time? If you tell your bank NO, will that help?

[@kenike007]

😅😂😂...Can you tell SATAN no?? We all need to not consent...it's gonna be the hardest thing you ever do in this life, and we may leave this existence . But would you really want to live in the total control and enslavement they will press on you. What life is that? I will not get the mark or be control 24/7.

[@elizabethmurray5718]

I agree​@@kenike007

[@user-df6kb7md4c]

What I found is that in Kauai people are rude. Those in Oahu are very kind.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! I didn't find that at all. I really liked Kauai.

[@user-xj4bt3pv3j]

Once its digital currency, all is vulnerable, the poor tracked to the bank for a couch payment. Big Corps hope for bail, or fail to their own inability to use forethought, selling short leave it to Nancy,,, I worked in the best years and in the end stay healthy, a country with unaffordable health care is destroyed from the start, Too many in the money bin.

[@Got2Learn]

Says everyone since 2001....still waiting.

[@user-yy3vd9vx7y]

The more the people talk about recession the longer it will last!

[@bobalobba]

He who controls the money supply controls the world

[@BloorStreetCapital]

So true!

[@davidguerrero1636]

I’m in LA and we’re paying $5 a gallon

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment! I'm in Toronto and we are paying $6!

[@skybrown1931]

PEOPLE WILL LET IT IN

[@tomsmith-rj3vw]

Good storey but hard to believe.. how he wasted 6 months ..

[@johnjeffery6638]

Dowd really see's the big picture.

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

[@JosefPrac]

Imagine a world where financial power is decentralized, and states operate independently of traditional banking influence. #Cardano is making this possible. 🚀🌟

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment Jose and for taking the time to view our content!

[@cockyhemi-123]

Yeah. It was called the United States of America before December 23, 1913.

[@user-lb8bg6kj9m]

​@@cockyhemi-123 Them days are long gone br0thers.

[@daleblast5379]

Except Cardano isn't decentralized or scarce. Charles hochkins has control of the network. Bitcoin is the real winner. No one controls it. And it's supply is capped @ 21 million. No matter what happens that can't change

[@Gman979]

​@@daleblast5379but who control the Internet and grid?

[@bodebug]

Maui No Ka Oi

[@sarahswonderland1287]

We don't need such things cash is alwàys good and be... No reptilians no greys you are the resistance

[@williamsimonton3487]

Wondering if Maui could use 60 billions but US congress had to make a tough decision 🤔

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment William and great point!

[@giselawatson2203]

They can’t launder the money in Maui.

[@wealthis]

China has a CBDC for years now. They digitized the Yuan

[@BloorStreetCapital]

It's Jimmy Connor, thanks for the comment but is this for certain?

[@Anna_Lianhua]

I live in China and follow news regarding cbdc, retail e-CNY was introduced in 2019-2020, government promoted usage of e-CNY via red envelopes, gift cards, etc. In 2023 one province introduced a law, when all government employees would get their salaries in e-CNY only, though reports had shown that most of users transferred e-CNY to RMB e-wallets straight after receiving them as a salary. 数字人民币 is an equivalent in Chinese

[@Heywood562]

Too many people on u-tube trying to be so called experts when really they're just trying to sell something. All these financial shows are wrong about 95% of the time. Bull pucky

[@davidwilliams4498]

Is that why we are seeing very many gold sell tv commercials. Yeah it will be worthless someday just like predicted in the best selling book of all time