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Is the Central Bank Going to Monetize the Debt?
Dalio: The central bank knows they're going to monetize the debt. They've been a gradually for a long time, and we all knew that," he said. "This week is going to be unfortunately madness" He says it's like an ant colony doing their own thing; whether decentralized or centralized doesn't matter. Dalio: As I see it, the commercial banking sector is the only impediment to a full-blown CBDC.