Loading ...but I wanted to copy & paste the Conclusion of an insightful article regarding the status of CBDC’s (from Zero Hedge)
So, what is the current state of CBDCs?
A brief analysis would suggest that it serves almost as a microcosm of the Great Reset in general, in which grand plans for worldwide changes stalled at the halfway mark because the people pushing the scheme underestimated the speed of public understanding and power of public reluctance.
Now, we are witnessing the early stages of a re-launch as a faux partisan issue.
In this instance, the specific context is Donald Trump’s “trade war”, which will see CBDCs rebranded as a sensible non-Trumpian option and a way of rejecting US dollar dominance (or maybe even circumventing tariffs, look out for that in the future).
Who knows, maybe we’ll even look back at the “damage” caused by “Trump’s trade war”, and be told that digital currencies would prevent a future where the world’s economy is “held hostage by one narcissist” or something along those lines.
That will cleanly sweep the “left” into the pro-CBDC camp.
Meanwhile, to mop up the stragglers on the populist “right”, Donald Trump’s America (and maybe a few others for appearances’ sake) will have their alternative non-central bank digital currencies instead.
Creating what this FinTech article calls a “bifurcated” financial system. Or the appearance of one at least.
There are already academic papers talking up the benefits of stablecoins and CBDCs “co-existing”, and it’s not hard to see that translating into a financial two-party system – the illusion of choice and difference. Two bodies sharing a head.
But the branding will allow each “side” to point out the superficial differences between the systems and contrast their good social control with the other “side’s” bad social control, and engender tribalism along predictable old-fashioned lines.
They’ll be “interoperable” too, of course, because that’s the whole point. But people will be too invested in the argument to notice or understand what that really means.