#410: The Fed Is Trying To Bring Down The European Banks with Tom Luongo
TFTC: A Bitcoin Podcast
00:00
CBDC and the European Banks
The European banks have capital requirement, reserve requirements where they can allocate to gold. So that would naturally create demand. But at the same time, right, the Europeans desperately want to go to fully unback money and then control the value of it by controlling your access to it. That's what they want. Just think of it this way. You're just, you know, your Venezuela and I'm Iran to them. The listeners are Russia. Now, that's what the seat is ultimately reduced to. It's not hard.
Transcript
Play full episode
