The Importance of Programmability in Money

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The government has been raising short-term interest rates dramatically, which gives us an inverted yield curve where short rates are higher than long rates. That means the local bank business model no longer works. Gold and silver will tend to hold their value going forward because governments can't make more of them.

A centralized digital currency combined with the consolidation of a few mega banks due to the recent failure of regional banks, are two trends that could lead to the end of traditional savings and checking accounts. We speak to a former Wall Street analyst about the potential hazards of a Fed controlled digital currency. Get the facts first on Morning Wire.

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