Creating Wealth Real Estate Investing with Jason Hartman cover image

1979: Police State, Digitizing The Dollar, SEC Attacks Crypto, Bank Bailouts, Clive Thompson

Creating Wealth Real Estate Investing with Jason Hartman

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The Politics of Political Correctness

Once the CBDC is up and running, it'll be extremely easy to say, okay, the old currency, you can't use it anymore. It's now you'll get 90 cents or 80 cents or 70 cents. So if you wait to convert, they'll incentivize you to convert by inflating away the value of your old currency. Now, if you've got 5,000 or 10,000, there shouldn't be a problem. But if you're a multimillionaire, I can see that they're not going to want all of that money rushing into the economy and emptying the shops. And then the government will decide who wins and who loses.

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