A lot of pundits concentrated on Larry Fink's "....end of globalization...." remark in his recent shareholder letter.
They missed the real news. But the Last Refuge didn't.
...we had no idea Blackrock CEO Larry Fink was essentially going to confirm the premise of our prediction. Keep in mind, any digital currency can only work if there is a digital identity attributed to it – what some have called a digital passport which then creates a crypto wallet....
(Quoting Reuters)
...Fink said the war will push countries to reassess currency dependencies, and that BlackRock was studying digital currencies and stablecoins due to increased client interest.
“A global digital payment system, thoughtfully designed, can enhance the settlement of international transactions while reducing the risk of money laundering and corruption”, he said. ...
It will also reduce the independence (liberty) of citizens to spend where, when, and on what to zero, for it is impossible to have a 'digital currency' without a digital ID method. That digital ID can then be limited, directed, or shut off by action from the Governing Authority--whoever that might be.
All y'all will love living in a Biden/Ketanji/Zuckerberg/Schwab world, no? Well......get used to it.
Image courtesy Surber.
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