What are Central Bank Digital Currencies (CBDCs) and what impact will they have on our finances?
Central Bank Digital Currencies (CBDCs) promise efficiency but carry some potential hidden dangers. In this episode of Wealthion, Andrew Brill is joined by Brett Rentmeester of Windrock Wealth Management to discuss the future of money, revealing how CBDCs could reshape our financial freedoms and the tug-of-war between CBDCs and cryptocurrencies. Are we heading towards a financial dystopia, or is there a silver lining in decentralized finance? Brett's insights might change the way you think about the future of currency.
TIMESTAMPS:
00:00 - Introduction
6:02 - CBDCs and impact on financial systems
10:18 - CBDC and their potential risks
15:38 - Crypto risks and benefits
18:57 - Central bank digital currencies and their impact on society
25:15 - Financial crisis and potential return on gold & silver
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