The ‘Panic of 2023’: A CBDC Nightmare?
It seems like it was just yesterday that James Corbett, one of the biggest financial experts of his generation, predicted a looming bank crisis of epic proportions. He’s been warning us for years that a massive shock, due to over-leveraged banks, would cause a massive plummet in markets known as The ‘Panic of 2023’.
Now, it looks like he was right. With the constant surge in the use of Crypto-Currencies and the focus of governments on Central Bank Digital Currencies (CBDCs), he believes this event will be much more than a financial crisis. He sees it as a possible ‘nightmare of total monetary control’. But what does it all mean, and how can we save ourselves from this ticking time bomb?
What is the Panic of 2023?
The Panic of 2023 is the name given to a systemic financial meltdown that James Corbett believes will result from overwhelming debt levels in the banking sector. This meltdown will cause a rapid increase in unemployment, stock market crashes, as well as currency devaluation among many others. Basically, it’s what happens when the ‘Too Big To Fail’ banks become ‘Too Big To Bail’.
Why Is The Crisis Coming?
It seems that the banking sector has simply taken on too much debt. With the growth of fintech and the march towards cashless payments, banks are having to keep up with the Joneses by lending more and more. In addition, central banks are continuing to print more and more money, further weakening the economy. All of this is causing a huge bubble, and when it pops, the effects could be catastrophic.
How Can We Prepare?
James Corbett has a few suggestions to help us prepare for the Panic of 2023, such as:
- Protect Your Assets: Invest your money in gold or other hard assets, which are unlikely to be affected by the crisis.
- Get Educated: Learn about CBDCs and other forms of digital currency and how they work. This can help you make informed decisions when the crisis hits.
- Invest Smart: Be sure to diversify your investments across multiple industries, countries, and asset classes so you don’t put all your eggs in one basket.
What Is The CBDC Nightmare?
James Corbett believes the real ‘nightmare’ of the Panic of 2023 will come in the form of Central Bank Digital Currencies (CBDCs). These are digital tokens issued by central banks, and they offer unprecedented levels of control and surveillance. They could be used to track and control every aspect of an individual’s financial activities, from wages to savings. This would effectively be a form of total monetary control.
What Can We Do To Avoid It?
The key to avoiding the CBDC nightmare is being prepared for the Panic of 2023. You should make sure your money is safe by investing in hard assets, educate yourself about digital currencies, and diversify your investments. If you do all of this, you will be less likely to be affected by the shockwaves of the Panic of 2023, and have the best chance of avoiding the ‘nightmare’ of CBDCs.
If James Corbett is right, then we better get ready. The ‘Panic of 2023’ could be a game-changer, and it’s important that we do whatever we can to protect ourselves and our money. So do your research and make sure you’re prepared. Good luck.
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