Government Crypto: A New Way To Steal From You

In this video, I discuss government cryptocurrencies (central bank digital currencies, a.k.a "FedCoins") and their implications for investing and wealth preservation.

Central bank digital currencies will make it much easier for the government to tax its citizens, distribute UBI (Universal Basic Income), program negative interest rates directly into the money itself, and prevent the demonetization of the banking system by low interest rates.

Unfortunately, it will just be another version of fiat money, and a poor store of value. To preserve one's purchasing power, one will need to look to real estate, physical gold, and Bitcoin.

FedCoins will also onboard many people to crypto, and unintentionally speed up the adoption of Bitcoin.

Not investment advice! Consult a financial adviser.

Central bank digital currencies:
https://en.wikipedia.org/wiki/Central_bank_digital_currency

China's new national cryptocurrency:
https://hackernoon.com/how-chinas-new-national-cryptocurrency-changes-everything-sc4032eq

Global central banks working on cryptocurrencies:
https://www.cnbc.com/2020/01/21/global-central-banks-are-partnering-up-to-explore-digital-currencies.html

U.S. debt clock:
https://www.usdebtclock.org/

German yield curve:
https://www.bloomberg.com/markets/rates-bonds/government-bonds/germany?sref=SUTBRjfG

Bank of Cyprus depositors lose savings:
https://www.usatoday.com/story/money/business/2013/07/29/bank-of-cyprus-depositors-lose-savings/2595837/

Watch the Federal Reserve's balance sheet explode:
https://fred.stlouisfed.org/series/WALCL

U.S. M2 Money Stock:
https://fred.stlouisfed.org/series/M2

Can the government shut down Bitcoin?
https://www.youtube.com/watch?v=VJtVt5QuIAE

Bitcoin For Beginners (2020):
https://www.youtube.com/watch?v=ZpDA682fDN0

Matthew Kratter is the author of the Amazon best-seller "A Beginner's Guide to the Stock Market":
https://www.amazon.com/Beginners-Guide-Stock-Market-Everything-ebook/dp/B07S31TBF5

If you like my teaching style and would like to learn more about investing and trading stocks, options, and futures, be sure to check out my online courses here:
https://www.trader.university/join

Use this secret coupon code to get a discount: YT99

#FedCoin
#Bitcoin

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