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Bank Runs: All Roads Lead to Central Bank Digital Currencies, You Need Gold, Bitcoin to Exit System

Bank Runs: All Roads Lead to Central Bank Digital Currencies, You Need Gold, Bitcoin to Exit System

FromThe Daniela Cambone Show


Bank Runs: All Roads Lead to Central Bank Digital Currencies, You Need Gold, Bitcoin to Exit System

FromThe Daniela Cambone Show

ratings:
Length:
29 minutes
Released:
Mar 20, 2023
Format:
Podcast episode

Description

"We forgot about free markets a long time ago. We've been in [a] quantitative easing market ever since the 2008 financial crisis," says Simon Dixon, CEO and co-founder of BnkToTheFuture.com. "What's really been exposed is the fragility of the financial system... when you try to reverse any centrally planned, low-interest-rate, central-bank-subsidized stock market," he tells Daniela Cambone. "Banks have been broken based on a product that has become more volatile than bitcoin, which is straight up treasuries," Dixon argues. "There seems to be a theme and U.S. regulators seem to treat these blowups as a fine rather than prevent it in the first place. It's a regulatory failure," he continues. "Money at a bank is money I'm lucky to get back. That's how I've always looked at it and obviously that's not how most people look at it," Dixon says. "Bitcoin is a great mechanism for saving, but it's not very useful for spending. However, throughout this whole system shakedown, bitcoin has just worked," he concludes.
Released:
Mar 20, 2023
Format:
Podcast episode

Titles in the series (100)

There's a thirst for economic and investment know-how. It's not taught in the classrooms or discussed via mainstream media. The Daniela Cambone Show is proud to bring you the exclusive news, interviews, and insight you can't get anywhere else. Host Daniela Cambone sets out to interview the top minds in finance to help explain new investments, opportunities, and industries that otherwise might be a mystery. From cryptocurrency, gold, silver, interest rates, and central banks, to the inner workings of the global economy, Daniela's goal is to get you to a comfortable level of financial understanding to achieve freedom.