BlackRock CEO Larry Fink’s annual letter to shareholders has become heavily scrutinized as ones from Berkshire Hathaway chief Warren Buffett and JP Morgan chief Jamie Dimon. Fink is the boss of a $10 trillion asset manager, the world’s largest and oversees more money than the Fed, told shareholders Russia’s invasion of Ukraine would fundamentally reshape the world economy and drive up inflation as supply chains are reconfigured.
The General Manager for the Bank of International Settlements – the central bank of central bankers – is planning for “absolute control” of the money we all spend.
The U.S. along with most other countries are moving towards implementation of central bank digital currencies. With this comes concerns related to privacy, political overreach, and discrimination.
This means your new next door neighbor and their extended family from, pick any third world country, might have gotten in with a zero down, zero interest, 100 year mortgage from the Fed to provide much needed diversification to your neighborhood and community.
French President Emmanuel Macron, whose poll numbers are abysmal and needs a sincere shot in the arm, just gave away the plot with his outside voice.
(Tom Luongo) I’ve noticed this trend within The Davos Crowd in recent months, speaking with their outside voice what they only ever talk about internally.
By now it’s common knowledge that China is leaps and bounds ahead of all other central banks in launching a CBDC, or Central Bank Digital Currency (which Beijing vows is not a challenge to the reserve status of the US Dollar, but is precisely that), however the US is doing everything it can to keep up.