'Emergency' Fed rate cut by June, only 6 U.S. banks will be left by 2025 paving way for CBDC - Dowd

'Emergency' Fed rate cut by June, only 6 U.S. banks will be left by 2025 

paving way for CBDC - Dowd

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Kitco NEWS

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1,074,624 views Mar 24, 2023 #federalreserve #banking #money

Edward Dowd, Founder of Phinance Technologies and former BlackRock fund manager, and Michelle Makori, Editor-in-Chief and Lead Anchor at Kitco News, discuss the Federal Reserve's latest rate hikes, and why Dowd thinks Fed Chair Powell will be "forced" to cut rates by June of 2023, leading to a "controlled implosion" of the banking sector. Dowd forecasts that as banks consolidate, only 6 major banks will be left standing by 2025, paving the way for Central Bank Digital Currencies (CBDCs), digital fiat tokens issued and controlled by central banks. This, Dowd claims, could lead to "total government control" and a potentially dystopian future . Dowd also sees the dollar losing its dominance on the world stage with a "kinetic war" breaking out as the BRICS countries launch their own reserve currency. 0:00 - Fed outlook 9:56 - Inflection point 12:00 - Banking crisis 16:02 - Six banks left standing 18:17 - Central bank digital currencies 23:14 - Resisting CBDCs 26:39 - Hidden agendas 28:12 - New monetary system 31:11 - U.S. Dollar dominance 33:30 - De-dollarization and war 37:10 - Investment implications 39:00 - Civil unrest 40:48 - New book and report #banking #federalreserve #money ............

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