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The Glenn Beck Program
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Insights on Central Bank Digital Currencies and Banking Operations
The chapter explores the implications of Central Bank Digital Currencies (CBDCs) and the inner workings of banks. It covers the potential risks of CBDCs, the concept of bank deposits being loans to the bank, and the creation of money through loans and asset purchases. The discussion also delves into how banks primarily deal with securities like government bonds rather than traditional deposits.
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Transcript
