207. Central Bank Digital Currencies with Glenn Greenwald
Feb 6, 2024
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Investigate journalist Glenn Greenwald discusses Central Bank Digital Currencies and their impacts on financial freedom and monetary policy. Topics include the vulnerabilities of centers of power in the digital age, the differences between CBDCs and cryptocurrencies like Bitcoin, and the advantages of Bitcoin in the face of financial collapses.
Central Bank Digital Currencies pose risks of increased government surveillance, censorship, and confiscation.
Bitcoin provides privacy, censorship resistance, and protection against devaluation, making it an alternative to the current financial system.
Deep dives
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The Dangers of a Central Bank Digital Currency
In this podcast episode, the host discusses the controversial proposal for a central bank digital currency. The episode explains that this concept, supported by economists, central banks, and the World Economic Forum, is perceived as an efficient method for governments to exert control over the economy. However, the episode highlights the dangers of this approach, including increased government surveillance, censorship of transactions, and confiscation of funds. The episode argues that Bitcoin, with its decentralized nature and censorship resistance, provides a viable alternative to central bank digital currencies. It warns that without Bitcoin, individuals risk being at the mercy of government control over monetary and fiscal policy.
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Challenges Faced by Bitcoin and Fraud in the Crypto Space
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Investigate journalist Glenn Greenwald hosts Saifedean to discuss Central Bank Digital Currencies and their impacts on financial freedom and monetary policy.
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