Robert Kiyosaki Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE | Summary and Q&A

21.7K views
โ€ข
March 12, 2024
by
FREENVESTING
YouTube video player
Robert Kiyosaki Predicts a Horrible Economic Crisis Where EVERYTHING WILL COLLAPSE

TL;DR

The US government's push towards a central bank digital currency (CBDC) raises concerns about surveillance, control, and potential political enforcement.

Install to Summarize YouTube Videos and Get Transcripts

Key Insights

  • ๐Ÿคจ The US government is moving quickly towards a central bank digital currency, raising concerns about surveillance and control.
  • ๐Ÿ’จ A CBDC would eliminate the need for cash and create a faster and cheaper payment system.
  • ๐Ÿค‘ The hidden agenda behind a CBDC includes increased government surveillance, political enforcement, and potential limitations on individuals' money.
  • ๐Ÿ’ฏ Similar systems already exist in countries like China, where a social credit score is used to control citizens' behavior and access to services.
  • ๐Ÿฒ Non-digital assets like gold, silver, real estate, and natural resources can serve as alternatives to protect wealth and escape the digital drag net.

Transcript

in today's world of fake news misinformation what else we have what we all need are credible sources and the reason I'm talking about Jim's background with the Pentagon the White House Congress the CIA and Department of Defense he's an Insider's Insider so we need credible resources today around page 270 toward the end of the book there's a whole s... Read More

Questions & Answers

Q: What is Executive Order 14067, and why is it concerning?

Executive Order 14067 is an order that accelerates the US movement towards a central bank digital currency. The concern lies in its potential for total surveillance, control, and political enforcement.

Q: How does a central bank digital currency work?

A CBDC is a digital form of a national currency, such as the dollar. It functions as a new payment channel, eliminating the need for cash. Transactions can be made directly from one individual's digital account to another.

Q: What are the implications of a CBDC for individuals' privacy?

With a CBDC, the government would have access to individuals' transaction data, knowing what they are purchasing and where they are. This raises concerns about privacy and surveillance.

Q: Can the government use a CBDC for political enforcement?

Yes, a CBDC can be used to enforce political agendas. The government could block certain purchases, freeze accounts, or seize assets based on individuals' political preferences or activities.

Summary & Key Takeaways

  • The US government is accelerating its movement towards a central bank digital currency (CBDC) with Executive Order 14067.

  • A CBDC would eliminate the need for cash and create a new payment channel, allowing for faster and cheaper transactions.

  • However, a CBDC also enables total surveillance and control, including tracking purchases, withholding taxes, and imposing limitations on money.

Share This Summary ๐Ÿ“š

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on:

Explore More Summaries from FREENVESTING ๐Ÿ“š

Summarize YouTube Videos and Get Video Transcripts with 1-Click

Download browser extensions on: