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Michelle Makori, Lead Anchor and Editor-in-Chief at Kitco News, interviews Rich Checkan, President and Co-Founder of Assets Strategies International, who says the FedNow Service, which launches in July, is a “slippery slope” to an “evil” central bank digital currency (CBDC). Checkan warns the U.S. could be forced into a CBDC to protect the greenback’s status as the world’s reserve currency. He also discusses how the world would look if a CBDC is adopted, pointing out that gold, silver, and Bitcoin will be the new cash.
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0:00 – FedNow
9:54 – Pros and cons of CBDC
25:37 – Opinion polls: U.S. vs. Canada
28:09 – CBDC and greenback’s reserve status
35:42 – Gold, silver, Bitcoin
#FedNow #CBDC #dollar #gold #Bitcoin #silver
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