After Inflation Fiasco, Central Banks Now Want to Monopolize Trust in Money With CBDC Push and Crypto Bashing
As central banks across the globe are now admitting they failed to keep inflation under control and by sharply rising rates threaten to push economies into recession, they now claim that they are the main source of trust in the monetary system.
The Bank for International Settlements (BIS), sometimes referred to as ‘the central bank of central banks’, is out with a new report where it bashes the crypto industry while promoting what it calls “a brighter vision of the future monetary system” through central bank digital currencies (CBDCs).
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