Central Bank Digital Currency CBDC is Coming

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  • čas přidán 31. 05. 2024
  • Hard Assets Alliance : hardassetsalliance.com/?aff=BSC
    Ed Dowd of Phinance Technologies and former BlackRock Portfolio Manager, provides his views on the U.S. economy, the Regional Banking Crisis, Central Bank Digital Currencies, and why the Trump-Biden Rematch is the worse possible scenario.
    Timeline
    00:00 Intro
    00:12 Hawaii
    01:09 Favorite Island
    02:17 US Economy
    04:12 Money Supply Goes Negative
    05:45 Bank Failures
    07:25 Government Spending
    08:40 The Fed
    09:05 Let's Summarize
    09:50 Small Businesses Collapsing
    10:18 Stock Market Risk
    11:30 Impact of Money Supply
    13:06 What Am I Missing?
    15:20 Debt Levels
    18:01 Regional Banks Collapsing
    22:10 Catalyst Coming
    23:55 S&P Target
    25:10 CBDC Coming
    26:15 Controlling Bank Accounts
    26:58 Canada Freezes Bank Accounts
    28:33 Motive of CBDC
    29:20 Crypto Currencies
    30:18 Trump Biden Rematch Bad
    31:55 Trouble Coming 2025
    34:20 Japan Carry Trade
    35:50 Wrap Up
    37:59 Conclusion
    WAIVER & DISCLAIMER
    If you register for this webinar/interview you agree to the following: This webinar is provided for information purposes only. All opinions expressed by the individuals in this webinar/interview are solely the individuals’ opinions and neither reflect the opinions, nor are made on behalf of, Bloor Street Capital Inc. Presenters will not be providing legal or financial advice to any webinar participants or any person watching a recorded version of the webinar. The investing ideas and strategies discussed on this webinar/interview are not recommendations to buy or sell any security and are not intended to provide any investment advise of any kind, but are made available solely for educational and informational purposes. Investments or strategies mentioned in this webinar/interview may not be suitable for your particular investment objectives, financial situation, or needs. You should be aware of the real risk of loss in following any investment strategy discussed in this webinar/interview. All webinar participants or viewers of a recorded version of this webinar should obtain independent legal and financial advice. All webinar participants accept and grant permission to Bloor Street Capital Inc. and its representatives in connection with such recording. The information contained in this webinar/interview is current as of April, 2024, the date of this webinar/interview, unless otherwise indicated, and is provided for information purposes only. Bloor Street Capital was paid a fee for this Interview.

Komentáře • 533

  • @BloorStreetCapital
    @BloorStreetCapital  Před měsícem +27

    What's your favorite island in Hawaii? What's your take on CBDCs? Is the government trying to control every aspect of our lives?

    • @alexandrapetre3009
      @alexandrapetre3009 Před měsícem +10

      Kauai is absolutely stunning. We stayed Hanalei Bay which is the closest thing to heaven you will find.

    • @OilTrading
      @OilTrading Před měsícem +1

      @@alexandrapetre3009 I agree the garden island Kauai is very nice :-) Yes with digital currency the government would have total control over a person's life. You would have to do everything the government told you to do or you would have your money turned off.......

    • @jimlarkin7859
      @jimlarkin7859 Před měsícem +7

      CBDC = boot on your face forever….

    • @nitdiver5
      @nitdiver5 Před měsícem +7

      My favorite island is the one with the most blue roofs

    • @jimlarkin7859
      @jimlarkin7859 Před měsícem +2

      @@nitdiver5 truth!!!!!

  • @HenryKatty
    @HenryKatty Před 2 dny +125

    I think investors should always put their cash to work, especially In 2024, we'll start to see more market diversification. I'm hoping to invest about $350k of my savings in stocks against next year. Hope to make millions in 2024

    • @bonner-qv3mi
      @bonner-qv3mi Před 2 dny

      Since risk is at an all-time high right now, perhaps you should be a little more patient and return when it has decreased. Alternatively, you can consult a trained financial expert for strategy.

    • @soniajames-tn4mp
      @soniajames-tn4mp Před 2 dny

      Yes true, I have been in touch with a brokerage Advisor. With an initial starting reserve of $80k, my advisor chooses the entry and exit commands for my portfolio, which has grown to approximately $550k.

    • @HenryKatty
      @HenryKatty Před 2 dny

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @HenryKatty
      @HenryKatty Před 2 dny

      I’ve been looking to switch to an advisor for a while now. Any help pointing me to who your advisor is?

    • @soniajames-tn4mp
      @soniajames-tn4mp Před 2 dny

      "Angela Lynn Shilling" is the licensed advisor I use. Just research the name. You’d find necessary details to work with a correspondence to set up an appointment...!

  • @econrith
    @econrith Před měsícem +48

    PAY CASH FOLKS, DON'T LET THEM GET THIS KIND OF CONTROL OVER WHAT YOU CAN SPEND AND HOW MUCH YOU CAN SPEND. The fees for contracting will be a big wedge of your available money available to you. It is up to everyone not to let this happen.

    • @peterson6824
      @peterson6824 Před 25 dny

      That's great, but really everyone should learn to use PRIVACY COINS (eg, Monero/XMR or Zcash/ZEC, etc.). And they should LEARN NOW because soon banks will stop allowing us to send USD to crypto exchanges. You see, if cash becomes worthless, then many say to hold silver. Great if you just want a hedge, but if you want to do financial transactions cross borders, online, without hauling heavy silver in your pocket, and without the govt CONTROLLING YOU and telling you what you can or can't buy, or punishing you if you post a contrarian opinion on social media (like they're doing in China with their social credit system)....then LEARN NOW how to use privacy coins.

    • @user-xj4bt3pv3j
      @user-xj4bt3pv3j Před 16 dny +1

      The information technology , is keeping your last address handy as you tent the street. Pay cash or lose it.

  • @zimone8835
    @zimone8835 Před měsícem +60

    Cash = Freedom
    CBDC = Bondage

    • @georgesamaras2922
      @georgesamaras2922 Před měsícem +2

      electronic peer to peer digital cash .. trad cash is fiat

    • @ivorkovac303
      @ivorkovac303 Před 25 dny +9

      @@georgesamaras2922 Not everyone wants to be using their phones all the time, and paper still works without electricity or Wifi.

    • @bobjonez110
      @bobjonez110 Před 15 dny

      wealth =freedom and cash =debt. cash is often confused with wealth but cash is only Paper/digits that the government uses to control people through the illusion of a central Bank

  • @taroman7100
    @taroman7100 Před 27 dny +10

    Digital currency may be the straw. taking our money and digitizing it is slavery not freedom.

  • @user-cu4eb2un5d
    @user-cu4eb2un5d Před měsícem +130

    CBDC = Programable Money = Total Control

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

    • @Unisoft-data
      @Unisoft-data Před měsícem

      who cares to program money if they can program your mind ..... They already can PRINT NEW MONEY and have no inflation, there is absolutely no reason to program money

    • @sdrc92126
      @sdrc92126 Před měsícem +5

      Digital Cattle.
      A boot stamping on your face --- Forever.

    • @sikhtraveller8860
      @sikhtraveller8860 Před 17 dny +1

      ​@@BloorStreetCapitalthey r openly saying u will own nothing😅

    • @jjk2one
      @jjk2one Před 7 dny

      @@sikhtraveller8860 Specifically, a quantum computer could take a publicly available public key and derive the associated private key from it. This means that any data encrypted using that public key could now be decrypted without the consent of the party that sought to protect that data.

  • @jxschw
    @jxschw Před měsícem +21

    Ed Dowd is one of the best. Good interview.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +2

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

  • @user-ol7tl1vf5m
    @user-ol7tl1vf5m Před měsícem +38

    CBDC is a fantastic tool for the totalitarian mindset.
    My perspective is rooted in the belief in the inherent equality of all humans and the importance of ethical and moral principles. From this standpoint, there may indeed be little difference between a totalitarian nation state and a criminal gang:
    1. **Equality and Moral Principles**:
    - In a society where all individuals are considered equal and adhere to ethical and moral principles, no one should have undue authority or control over others. This applies regardless of whether the authority comes from a government or a criminal organization.
    2. **Violation of Rights**:
    - Both totalitarian states and criminal gangs can violate the rights and freedoms of individuals. Whether it's through state surveillance or criminal coercion, both undermine the autonomy and dignity of individuals.
    3. **Resistance and Accountability**:
    - Individuals in such a society have the right to resist oppression and hold those in power accountable for their actions. Whether it's challenging a repressive government or opposing criminal activities, the principles of equality and moral action guide individuals in standing up for their rights and the rights of others.
    From this perspective, whether the authority comes from a government or a criminal organization, it is seen as illegitimate if it violates ethical and moral principles or infringes upon the rights of individuals. In essence, both totalitarianism and criminality are rejected in favor of a society based on equality, ethics, and moral actions.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and the interesting perspective!

    • @RussCR5187
      @RussCR5187 Před měsícem

      There's no doubt that: 1) western countries are no longer operating under a representative democratic framework, and 2) there is a cabal of psychopathic billionaire oligarchs working to install a global totalitarian system, with them as kings and us (in drastically reduced numbers) as slaves.

    • @VoluntaryPlanet
      @VoluntaryPlanet Před měsícem

      AKA a Voluntary society

    • @sdrc92126
      @sdrc92126 Před měsícem

      _Harrison Bergeron_

  • @timfatout7082
    @timfatout7082 Před měsícem +15

    Eventually, the Fed will not be able to save the stock market - or anything else, for that matter. The introduction of CDBC will initiate a black market of a magnitude that nobody has ever seen.

  • @tarey05
    @tarey05 Před měsícem +20

    ❤ Ed Dowd! National treasure

  • @kennethsalfer5079
    @kennethsalfer5079 Před měsícem +64

    Funny how I never needed the government before to make money I think the government needs to stay out of everybody’s business and let them make their own way like it should be government has way too much control already and they F things up all the time…. So I’ll stick to my own way of making things work with my own way of making money, live long and prosper.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +1

      It's Jimmy Connor, thanks for the comment and great advice Ken!

    • @elizabethmurray5718
      @elizabethmurray5718 Před měsícem +3

      I agree. Who is the government to control people in the coal business, oil business, or tanning beds?
      The government's supposed to control illegal drugs and illegal immigration.

    • @VoluntaryPlanet
      @VoluntaryPlanet Před měsícem

      Government shouldn’t exist

  • @ad6417
    @ad6417 Před měsícem +75

    My son trained to be an electrician. It took him 6 months and he finally got hired as a janitor. Many of the job postings were fake. The company that hired him as a janitor mistreated him and actually told him they were doing him a favor by letting him earn money. He quit last week to start his own landscape company.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +10

      Wow that is crazy! Where is he based? I always thought electricians had a guaranteed job.

    • @chrisrossman9566
      @chrisrossman9566 Před měsícem +14

      100%, The company I am working for has job postings, but we are not hiring. We have about 350 total employees. If we let go 150 it wouldn't matter. Sales are down 50% from two years ago.

    • @user-nw3zo9ze2y
      @user-nw3zo9ze2y Před měsícem +7

      Wishing your son the best

    • @cjb8993
      @cjb8993 Před měsícem

      @@chrisrossman9566 Two things happening there. Two years ago, the country was running on Brandon Bucks, which have largely evaporated and now, what company is going to higher into the uncertainty of the election? None, they want to keep capital close and wait to see what the outcome will be. There's zero confidence in the US if the Brandon steals the election, again. And rightfully so, he's literally destroyed the nation in a few short years.

    • @fredjohnston7022
      @fredjohnston7022 Před měsícem +6

      I don't know what city/state you are in - but most locations you can't find a GOOD/TRAINED Electrician to do anything. This is true of most trades. SO - the problem here could be the location - you have to be willing to move to where the work is - the best way to do that is find states that are GROWING and have strong financial discipline and AVOID states that have decreasing populations and out of control spending. Be careful with immigration - those states allowing mass illegal (not legal) immigration will have decades of fiscal problems as illegals take years/generations to adapt to American life. I live in IA and MO - both should remain quite stable (just avoid the bigger cities). QUALITY labor is in short supply. Nothing will be handed to anyone - hard work pays off eventually!

  • @nitdiver5
    @nitdiver5 Před měsícem +94

    CBDC is that last step before the 666 mark of the beast

    • @Truthseeker424
      @Truthseeker424 Před měsícem +8

      Yes… & It will be part of it… the first half of it.

    • @JamesBrown-du2nn
      @JamesBrown-du2nn Před měsícem +3

      There will be a resistance father god is not going to allow it to work out for them they don't run nothing on there best day but there mouth and there shoes over

    • @kauaifishing1365
      @kauaifishing1365 Před měsícem +7

      You have nothing to worry about if you’re saved. You won’t be here. That happens during the tribulation

    • @carolynklestinec8589
      @carolynklestinec8589 Před měsícem +7

      I do believe this myself . And if you go back and watch a documentary all about the blockchain and how it works you will see how the biblical beast system could not really exhist without blockchain technology.

    • @Jiidwag
      @Jiidwag Před měsícem

      And AmeriKKKa(IMF-World Bank location) is leading it!!! LOL. USA = MYSTERY Babylon Harlot the GREAT!!!!! "AmeriKKKa the GREATEST country on Earth!"

  • @georgesamaras2922
    @georgesamaras2922 Před měsícem +18

    what CBDC or cards is worth without electricity

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment George and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

    • @duncanmacleod7287
      @duncanmacleod7287 Před 10 dny

      NOTHING and that's the point. They are leading us towards a "great reset" with EVs and digital money, id etc

  • @postscript5549
    @postscript5549 Před měsícem +18

    My thanks to Ed Dowd.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

  • @faithsrvtrip8768
    @faithsrvtrip8768 Před měsícem +11

    I always have cash on hand, usually in $10s and $20. Just in case SHTF.

  • @josephdow9205
    @josephdow9205 Před 17 dny +2

    Ed Dowd is a practical and Patriotic source for $$$$ info.

  • @BradleyMcDonald
    @BradleyMcDonald Před měsícem +24

    Very clear and smart. Very little fluff and every word makes sense.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +2

      It's Jimmy Connor, thanks for the comment Bradley and for taking the time to view our content!

    • @kathrynj.hernandez8425
      @kathrynj.hernandez8425 Před měsícem +2

    • @douglascarlson9006
      @douglascarlson9006 Před měsícem

      Oh really? ... just another lackluster interview that did not reveal any interesting perspectives on the prospects of CBDC here in the U.S.

  • @deirdredear
    @deirdredear Před měsícem +6

    Ed Dowd is always a guiding light. Thank you for having him on.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

  • @BlkFireHawk427
    @BlkFireHawk427 Před měsícem +10

    Love Ed Dowd!

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +1

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

  • @Bianca-bb6tt
    @Bianca-bb6tt Před měsícem +53

    CBDC is the Devel of Money

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Bianca and for taking the time to view our content! Why do you think CBDC is the devil of money?

    • @ace9840
      @ace9840 Před měsícem +8

      @@BloorStreetCapital It’s not money. Unless they’re planning on backing it with gold. Otherwise it’s just another debt based fiat currency.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +3

      @@ace9840 good point about gold and we know they wont do that!

    • @ace9840
      @ace9840 Před měsícem

      @@BloorStreetCapital But what if another country or financial entities do. They’ve been buying gold by the tons. Especially in the last few years after 2008 at it seems to be picking up speed. How would that affects our CBCD?

    • @Bianca-bb6tt
      @Bianca-bb6tt Před měsícem

      @@BloorStreetCapital Gold + Goldminer's is a great Investment for the next 6 Months 👍.

  • @tomsmith-rj3vw
    @tomsmith-rj3vw Před měsícem +14

    Yes and 1 million Americans went by by from trump fauci medicine
    As you said on USA watchdog. 2 weeks ago.. too strange.. but we ❤ ed dowd..we are glad your still alive..

    • @wadedavies3924
      @wadedavies3924 Před měsícem +3

      Lesson learned.....avoid all injections from the Feds.

    • @taroman7100
      @taroman7100 Před 27 dny

      TRUMP? he was against the whole damn shut down thing--get your facts straight.

  • @andydarbyshire4933
    @andydarbyshire4933 Před měsícem +2

    Thnx for the insight.

  • @Pchangnyc_Jedi
    @Pchangnyc_Jedi Před měsícem +5

    Thanks James
    first time hearing ed
    love the insight

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

    • @zacbunch5691
      @zacbunch5691 Před měsícem

      Ed is a wealth data. Not just on finance.

    • @douglascarlson9006
      @douglascarlson9006 Před měsícem

      What insight? ...
      Another blown opportunity to really get inside Dowd's head o the topic CBDCs.

  • @roundroscoe6502
    @roundroscoe6502 Před měsícem +31

    Cash is king.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +3

      It's Jimmy Connor, thanks for the comment and well said but gold is even better!

    • @aliekatsmom
      @aliekatsmom Před měsícem +1

      Not no more

    • @cockyhemi-123
      @cockyhemi-123 Před měsícem +6

      Cash is fiat funny money. Gold and silver are king.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +2

      @@cockyhemi-123 nothing better then gold in the hand!

    • @mondolilith7917
      @mondolilith7917 Před měsícem

      He who holds the gold makes the rules.

  • @paulvarey2416
    @paulvarey2416 Před měsícem +6

    great interview. interesting guest

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Paul and for the ongoing support!

  • @jackcahill2383
    @jackcahill2383 Před 27 dny +1

    Thank you

    • @BloorStreetCapital
      @BloorStreetCapital  Před 24 dny

      Thanks for the comment Jack and for taking the time to view our content! We will have Ed back for sure!

  • @MalcolmS.
    @MalcolmS. Před 29 dny +1

    Great conversation!!! Very informative

    • @BloorStreetCapital
      @BloorStreetCapital  Před 29 dny

      It's Jimmy Connor, thanks for the comment Malcolm and for taking the time to view our content!

  • @Boujois23
    @Boujois23 Před měsícem +11

    Back to bartering if they get their way.

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Před měsícem +1

      Gold, crypto and bartering will be banned.
      Anything not going through the CBDC block chain will be criminalized.

    • @Boujois23
      @Boujois23 Před měsícem

      @@user-lb8bg6kj9m that would be very difficult to monitor or police. Whenever they have tried these things ( prohibition in US) people find a way round .

    • @arewethereyet9190
      @arewethereyet9190 Před 23 dny

      ​@@user-lb8bg6kj9mnot complying period!!

    • @treesway5411
      @treesway5411 Před 5 dny

      @@user-lb8bg6kj9m SO don't use their blockchain. If they attempt to ban something they don't have the authority to, you just simply do it anyway...it is YOUR right. DO NOT COMPLY

  • @ckordiolis
    @ckordiolis Před 25 dny +1

    Great conversation! ❤ Please 🙏 have Ed on more often!

    • @BloorStreetCapital
      @BloorStreetCapital  Před 24 dny +1

      Thanks for the comment and for taking the time to view our content! We will have Ed back for sure!

  • @detectiveofmoneypolitics
    @detectiveofmoneypolitics Před měsícem +4

    Economic investigator Frank G Melbourne Australia is following this informative content cheers Frank 😊

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Frank! Hope all is well down under!

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Před měsícem +1

      Who the heck is Frank g Melbourne

  • @tuhingatoha1134
    @tuhingatoha1134 Před měsícem +11

    Love what Ed Dowd had to say james...thanks for bringing him on.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

  • @jonna3474
    @jonna3474 Před měsícem +14

    God says in his word. "Gold and silver are mine" Who wouldn't prefer to hold Gods money.

    • @RussCR5187
      @RussCR5187 Před měsícem

      I want that gold and silver to be MINE.

    • @valerieirvin249
      @valerieirvin249 Před 9 dny

      Yes but there must be a way to measure it n break down a $5.00 purchase from a $50.00 gold coin, 🤔

    • @RussCR5187
      @RussCR5187 Před 9 dny

      @@valerieirvin249 I think of gold as generational wealth insurance against a complete breakdown of the financial system. For AFTER a new system has gotten started and you need a stake to get started in that new system. DURING the breakdown turbulence, silver would be more appropriate for everyday barter.

  • @MoosesValley
    @MoosesValley Před měsícem +11

    This video covered so much ground. Government spending / debt are also way out of control in my country, Australia. Local governments and local councils are all in massive debt. Even my local council, a small council in a rural area, is well over 100 million in debt .
    This is what happens when you allow morons (or corrupt criminals) to get into positions where they can control policy / business / money without any any transparency, accountability, or repercussions. People who cannot honestly and effectively run a market stall are running the country. And, of course, the problem with morons and criminals is that they often refuse to take a good hard look at themselves and admit what they really are.
    Scary times ahead ... volatility, crashes, rising cost of living, rising rents, rising and increasingly unpunished crime, people feeling increasingly disconnected and discriminated against, rising personal debt, ... and massive suffocating debt that people, governments, and councils are going to have to start paying back at some point.
    I'm still not sure what the "answer" is. I'm 100% debt free, own my very humble house (just an old farm house) and car, and have my savings in a 12 month term deposit @ 5.25%. There are probably better options ??? ... but at least I have the government bank deposit guarantee for protection (whatever that is worth).

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +2

      It's Jimmy Connor, thanks for the comment and hope all is well down under!

    • @MoosesValley
      @MoosesValley Před měsícem

      @@BloorStreetCapital Sorry to say Jimmy, but our politicians are doing their best to turn our country into a shit hole. Even very mild people like me are thinking: time for armed rebellion ???

    • @dave9547
      @dave9547 Před měsícem +4

      Well said. I'm in Melbourne, and what happened during c o n v i d was horrifying. The number of people it mentally, spiritually, financially, and physically broke is staggering. Where's the accountability for the crimes committed? Their won't be any. That's the sad and infuriating reality of it. All the best to you mate

    • @carolynklestinec8589
      @carolynklestinec8589 Před měsícem

      The governments are blowing up this financial system . There is a " GREAT RESET " coming
      All big money players will take a haircut . They will reorganize and start all over again with the rich people still getting the same contract and funneling of money to them . Banks could care less ( federal reserve and BIS ) why would they care they have made interest on money pulled out of thin air . And when the middle class falls the banks will gain even more assets. Everything else is written off and we start all over . The youngster get to buy houses from the banks 30 year mortgage again its all good in their hood . That is why all,ALL ,countries did this in a coordinating fashion . Hame over for USD on to the next thing we can dupe people to think is valuable to trade their time ( aka life) for . While they reep the benefits. And tictok will show you all the things that $$ can buy

    • @giselawatson2203
      @giselawatson2203 Před měsícem +2

      I’m a lot like you. But be advised, the banks don’t have to money to cover the so called “insurance” on your deposit

  • @Zizook
    @Zizook Před měsícem +11

    CBDC’s is already a thing, the banking system and the government just doesn’t tell you🤷🏼

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment! If that is true when will they tell us or implement it?

    • @Zizook
      @Zizook Před měsícem

      @@BloorStreetCapital They will never reveal things like this. In my entire life, they have never revealed the reality of money printing either, so why would they reveal the banking system as a tool of societal control. Governments will never reveal the ways they steal from the general public to fund themselves.

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Před měsícem +2

      ​@BloorStreetCap
      First comes "retail CBDC" via Fed Now system. Bailouts and bonuses for bankers can happen behind a wall of secrecy.
      The plebs will get a different kind of CBDC called retail CBDC. It's the means by which the average person gets ripped off.

    • @InvestgoldUK
      @InvestgoldUK Před měsícem

      95% of the population of Denmark has taken the digital id without realising the consequences. There’s clauses in there that any govt dept or the bank can lock your id at any time. No banking, no health services…go to your local fx and see if you can buy DKk

    • @scottsperber6468
      @scottsperber6468 Před měsícem

      Think agian a crash like you have never seen is coming hold on to your cbdc it’s bogus.

  • @rolflagerquist8514
    @rolflagerquist8514 Před měsícem +6

    Love is the highest energy vibration in the multiverse.
    "Love withheld is a Burdened Heart", I pass my LOVE to All.

    • @taroman7100
      @taroman7100 Před 27 dny

      ok you pray for us

    • @rolflagerquist8514
      @rolflagerquist8514 Před 26 dny

      Free yourself first by using 2 remaining DNA (from 12) and your FREE Will (while you still can) Vote/Pray "against all oppressors" then pass it on. NB; Prayer/Votes to wherever they are recorded. Unless humans act on their own behalf - extinction.

    • @hopeinHim5160
      @hopeinHim5160 Před 22 dny

      ​@@rolflagerquist8514❤️‍🔥🙏✝️

  • @lakecitymortgage7847
    @lakecitymortgage7847 Před měsícem +3

    What are edwards thoughts on xrp when the markets black swan events occur?

    • @BloorStreetCapital
      @BloorStreetCapital  Před 29 dny

      It's Jimmy Connor, thanks for the comment/question. I will ask him the next time we chat.

  • @cockyhemi-123
    @cockyhemi-123 Před měsícem +23

    There’s no such thing as digital precious metals.

    • @user-cs8wp6rs3u
      @user-cs8wp6rs3u Před měsícem

      😂😂😂🤥

    • @scottsperber6468
      @scottsperber6468 Před měsícem +2

      It means that the digital currency is backed by Gold silver platinum not air like fiat which what cbdc is backed by.

    • @cockyhemi-123
      @cockyhemi-123 Před měsícem

      @@scottsperber6468 oh, yeah. Okay. If you believe that I got a bridge for sale.

    • @johnnagle7702
      @johnnagle7702 Před měsícem

      ​@@scottsperber6468not to be trusted has to be physical

    • @islandaerial3414
      @islandaerial3414 Před měsícem +1

      See Kinesis Money

  • @thistimeisdifferent
    @thistimeisdifferent Před měsícem +3

    It’s great to see Ed again, thank you for this video. Much appreciated watching on a beautiful Sunday morning.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content!

  • @rickynorris1694
    @rickynorris1694 Před měsícem +14

    This video should be called Beast System is coming.

  • @vallaeiasprings9870
    @vallaeiasprings9870 Před 29 dny +1

    does "banks" INCLUDE credit unions?

  • @johnnywlittle
    @johnnywlittle Před 28 dny +1

    Jimmy has done really well since his Tennis days. Didn’t know he was such a financier 😊

    • @BloorStreetCapital
      @BloorStreetCapital  Před 24 dny

      Ha, thanks for the comment Johnny! Truth be told, I Cant get the ball over the net.

  • @nanscott3362
    @nanscott3362 Před měsícem +3

    some states have put laws in place to ban CBDC . In a liberal state all things are possible

  • @pogi8638
    @pogi8638 Před měsícem

    Hello Jimmy great video. The thought of a CBDC is very concerning. I very new to investing. What do you think about Bitcoin? Is it worth buying some now?.

  • @contentforclosers
    @contentforclosers Před měsícem +5

    Most currency's are digital already. You don't really think the gov has trions of dollars sitting around in warehouses.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +1

      It's Jimmy Connor, thanks for the comment! That's actually funny and now that I think about it you're probably right.

    • @arachosia
      @arachosia Před měsícem +3

      Yes it's mostly digital, but that's not the same as a CBDC. CBDCs can be programmable in order to incentivize one to spend in a certain way. They can even program expiration dates into CBDCs, so you'd have 30 days to spend it or you lose it

    • @contentforclosers
      @contentforclosers Před měsícem

      @@BloorStreetCapitalIt is the false dream of marxist academics to have enough money for everything and that money to still be money.

    • @RussCR5187
      @RussCR5187 Před měsícem +1

      @@arachosia Agreed. We have BDC, not CBDC.

    • @splash4891
      @splash4891 Před měsícem +1

      @@arachosia exactly, there is a big diff. and total control over currency that way...egads

  • @tonyricco777
    @tonyricco777 Před 27 dny +1

    Research Porticoes Capital, SPE (Blank-Check Company) regarding bank failures. Game Changer.
    Looks like a "Public-Private Partnership" model designed to shore up FDIC's lack of capability to insure depositors, imo.

  • @user-sj7fu6es3y
    @user-sj7fu6es3y Před měsícem +13

    CBDC = serfdom

  • @paradise6606
    @paradise6606 Před měsícem +2

    Banks are discriminating against legal tender. Something is really wrong with what's going on in these times.

    • @777hc777
      @777hc777 Před 5 dny

      Stop banking with the big banks. Bank at a home owned bank or community banks.

  • @rosarywarrior8608
    @rosarywarrior8608 Před 18 dny

    Will home values drop or increase? Is it a good time to sell for the sake of just downsizing and retiring?

  • @a.mendez2894
    @a.mendez2894 Před 29 dny +1

    is it best to pull yur savings an buy gold an silver. how do you get away from CDBC

  • @Josephine-sm2db
    @Josephine-sm2db Před měsícem +1

    Last year when everyone was warning about CBDCs, he wasnt that worried about it.

  • @tykko8899
    @tykko8899 Před měsícem +1

    ST interest rate goes down means something bad about to happen, a very interesting point and has answer my question, which i have for long time. Thank you.

  • @robertvann7349
    @robertvann7349 Před měsícem +10

    You need to harp on debt. 687 trillion dollars in derivatives swaps on debt clock. These are toxic hidden loses, packaged and given a net value and shelved and will NEVER BECOME TRANSPARENT AS LOSES because the government was given a net value.❤❤❤😂🎉

    • @ponderinglife5582
      @ponderinglife5582 Před měsícem +1

      Those derivatives are hard cash….😆🤣,

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Robert! I will bring this up for sure with my next guest.

    • @robertvann7349
      @robertvann7349 Před měsícem

      @@ponderinglife5582 they are credit and currency derivatives swaps on paper, and who knows how much more , yeah right cash dude? I don't think the Fed has printed those dollars.

    • @robertvann7349
      @robertvann7349 Před měsícem

      @@BloorStreetCapital hope you look at the debt clock number. Japan was the first nation to hide loses with packaged derivatives swaps, the banksters give them a NET VALUE but they are so toxic nobody in their right mind would buy swaps. It is criminal period. The Big Short move.🥳🥳🥳🥳

  • @RichardEnglander
    @RichardEnglander Před měsícem +2

    Long term investor? Buy gold, BTC, Tesla.
    I bought more TSLA last week, it was a bargain and way undervalued.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment! Great timing on Tesla!

  • @tinanolan1485
    @tinanolan1485 Před měsícem +1

    Amazing data analyst. His team’s work on the vaccine harms is incredible.

  • @TonyDAmatoFinancial_Services

    Hard Assets, Gold & Silver!!!

  • @justintime477
    @justintime477 Před měsícem +4

    Japan joins BRICS and you already know

  • @richsteeger7819
    @richsteeger7819 Před 19 dny

    A retail CBDC is form of central bank digital currency that is used by the general public. A wholesale CBDC, on the other hand is used among banks and other licensed financial institutions for interbank payments and securities transactions. Each jurisdiction could have a CBDC issued by its respective central bank. So fear the retail CBDC.

  • @dansilver2702
    @dansilver2702 Před měsícem +1

    I wouldn't summarize. we are listening

  • @Rita-ic9tv
    @Rita-ic9tv Před měsícem +1

    In 2019, US was energy independent, fair trade practices bringing jobs back to US, low interest rates, no wars, US poised to have best economy ever, then 2020.. pulled plug on hot economy

    • @taroman7100
      @taroman7100 Před 27 dny

      then Fauci became a politician and not a hack scientist

  • @umbro12
    @umbro12 Před 28 dny +1

    Yep few banks here in Australia, are not using cash, totally digital

    • @BloorStreetCapital
      @BloorStreetCapital  Před 24 dny

      Thanks for the comment! Is the government able to track all your transactions? Are they able to penalize you through the dc system?

  • @gillyOO7
    @gillyOO7 Před 29 dny +1

    It’s for banks not for general use

  • @marxamillion5576
    @marxamillion5576 Před 26 dny +1

    Ed is the first person, other than myself, that I've heard say that government jobs are on the wrong side of the equation

    • @BloorStreetCapital
      @BloorStreetCapital  Před 24 dny +1

      Thanks for the comment and for taking the time to view our content!

  • @samyporrata5840
    @samyporrata5840 Před měsícem +3

    Central bank digital currencies already exist. They don’t print anymore when they frivolously spend our money. Just numbers on a screen.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Sam! Sounds very much like bitcoin.

  • @JustinBoger-yu3tk
    @JustinBoger-yu3tk Před měsícem +1

    Is there more coming? Yes Republic First closed last Friday.

  • @ssm59
    @ssm59 Před měsícem +1

    Isn’t it interesting that since we have been reduced to a consumer based economy, the powers that be wish to hit us with a CB DC, which ultimately will reduce consumption. What happens then?

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Před měsícem

      Mark of the beast

    • @RussCR5187
      @RussCR5187 Před měsícem

      Universal Basic Income, offered only in CBDC, at a level which forces hardscrabble lives for everyone except a privileged few, all within a global totalitarian system.

  • @valerieirvin249
    @valerieirvin249 Před 9 dny +1

    The gas prices in Hawaii reflect prices in wa state.

  • @serious9432
    @serious9432 Před měsícem +13

    yep they want you to transfer your savings out of the private banks into the central bank of the goverment. So they can use it

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +2

      It's Jimmy Connor, thanks for the comment but what they really want to do is control it!

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Před měsícem

      Pretty sure they can print it anytime since it's all fake money.

    • @giselawatson2203
      @giselawatson2203 Před měsícem

      So they can take it. Read The Great Taking. PDF is available free

  • @weekendatbernies2265
    @weekendatbernies2265 Před 23 dny

    Always enjoy Ed’s brain. Fifty-six ?? Thought he was late forties.

  • @kauaifishing1365
    @kauaifishing1365 Před měsícem +1

    I live on Kauai. Tourism down 20-25% from last year

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content! So sorry to hear that but it's just a matter of time before it comes back. The island is just too beautiful for people to stay away.

  • @bobalobba
    @bobalobba Před 29 dny +1

    He who controls the money supply controls the world

  • @steadyfinancialgrowth
    @steadyfinancialgrowth Před měsícem

    Ed Dowd - economy.

  • @geoffreymclaughlin8343
    @geoffreymclaughlin8343 Před měsícem +3

    This wont work. Cash is king.

  • @user-nd1yg3mh8n
    @user-nd1yg3mh8n Před měsícem +2

    will owning silver help?

    • @daleblast5379
      @daleblast5379 Před měsícem

      No. Silver is not very scarce. That's why it's only $28 an oz. The more valuable it becomes, the faster it will be mined from the earth. Which will suppress the price

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment/question! I agree with the comment below, just too much of it to have any real value. In addition, 75% of all silver is produced as a byproduct from some other metal such as copper.

  • @suebudding1445
    @suebudding1445 Před měsícem +4

    No way

  • @rodneydowd4739
    @rodneydowd4739 Před měsícem +1

    Great last name!

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Rodney and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

    • @rodneydowd4739
      @rodneydowd4739 Před měsícem +1

      @@BloorStreetCapital I was talking about my fellow Dowd. But ya Connor ain’t bad neither. 😂

  • @xqt39a
    @xqt39a Před měsícem +5

    So the treasury / FED will do whatever is necessary to keep up appearances until November, all hell breaks lose and Trump takes the blame ( if elected)

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +1

      Ain't that the truth!

    • @RussCR5187
      @RussCR5187 Před měsícem +1

      They will try, but their success is far from guaranteed. Too many variables that the Fed cannot control (like the Japanese Yen that was mentioned).

  • @skybrown1931
    @skybrown1931 Před 15 dny +1

    PEOPLE WILL LET IT IN

  • @dont_trust_any1_even_ur_waifu

    W Dowd

  • @JosefPrac
    @JosefPrac Před měsícem +11

    Imagine a world where financial power is decentralized, and states operate independently of traditional banking influence. #Cardano is making this possible. 🚀🌟

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem +1

      It's Jimmy Connor, thanks for the comment Jose and for taking the time to view our content!

    • @cockyhemi-123
      @cockyhemi-123 Před měsícem +2

      Yeah. It was called the United States of America before December 23, 1913.

    • @user-lb8bg6kj9m
      @user-lb8bg6kj9m Před měsícem

      ​@@cockyhemi-123
      Them days are long gone br0thers.

    • @daleblast5379
      @daleblast5379 Před měsícem

      Except Cardano isn't decentralized or scarce. Charles hochkins has control of the network. Bitcoin is the real winner. No one controls it. And it's supply is capped @ 21 million. No matter what happens that can't change

    • @Gman979
      @Gman979 Před měsícem

      ​@@daleblast5379but who control the Internet and grid?

  • @user-df6kb7md4c
    @user-df6kb7md4c Před 29 dny +1

    What I found is that in Kauai people are rude. Those in Oahu are very kind.

    • @BloorStreetCapital
      @BloorStreetCapital  Před 29 dny

      It's Jimmy Connor, thanks for the comment! I didn't find that at all. I really liked Kauai.

  • @captainnemo4422
    @captainnemo4422 Před měsícem

    We are way past , " I never thought that could happen here!!"...

  • @iamhe999
    @iamhe999 Před měsícem +1

    invest in gold, and Bitcoin.. wait for BRICS digital coin backed by gold.. then invest in it to protect you assets

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment! I own gold and no bitcoin. Not going to lie, wish I did.

  • @user-yy3vd9vx7y
    @user-yy3vd9vx7y Před měsícem +1

    The more the people talk about recession the longer it will last!

  • @GalacticScribes
    @GalacticScribes Před měsícem +1

    xrp!

  • @alonzolobaton4631
    @alonzolobaton4631 Před měsícem +2

    Never forget 911, C19, and 😂CBDC

  • @AnthonyLoflin-nq8wo
    @AnthonyLoflin-nq8wo Před 13 dny

    No, it's not.

  • @wealthis
    @wealthis Před 29 dny +2

    China has a CBDC for years now. They digitized the Yuan

    • @BloorStreetCapital
      @BloorStreetCapital  Před 29 dny

      It's Jimmy Connor, thanks for the comment but is this for certain?

    • @Anna_Lianhua
      @Anna_Lianhua Před 18 dny +1

      I live in China and follow news regarding cbdc, retail e-CNY was introduced in 2019-2020, government promoted usage of e-CNY via red envelopes, gift cards, etc. In 2023 one province introduced a law, when all government employees would get their salaries in e-CNY only, though reports had shown that most of users transferred e-CNY to RMB e-wallets straight after receiving them as a salary. 数字人民币 is an equivalent in Chinese

  • @derkong7114
    @derkong7114 Před měsícem +2

    The richest men in the world (Central Banks) are buying Gold. They want you buying BTC...

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment and for taking the time to view our content! If you are not a Subscriber, please Subscribe!

  • @williamsimonton3487
    @williamsimonton3487 Před měsícem +6

    Wondering if Maui could use 60 billions but US congress had to make a tough decision 🤔

  • @robertdagge200
    @robertdagge200 Před měsícem +5

    I saw U2 in Trinity College Dublin in about 1984. Cost the equivalent of about 60c. I lost my sweater mid concert - somehow it ended up on stage and Saint Bono was using it to wipe the sweat off his face. The modern Turin Shroud. Then Saint Bono thumped someone in the crowd. Peace and love, man.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment Robert! My friend went to Vegas to see U2 in the Sphere and spent over $1000 per ticket! U2 was there for months (played 40 shows) playing to sold out shows. I don't know where these people are getting the money.

    • @robertdagge200
      @robertdagge200 Před měsícem +2

      @@BloorStreetCapital Let's hope Bono didn't thump anyone there....

    • @johncoates968
      @johncoates968 Před měsícem +1

      great story did you get your sweater back?

    • @Pathippie
      @Pathippie Před měsícem

      ​@@robertdagge200Let's hope he didn't repeat, " Alexi Navalny.....Alexi Navalny" over and over.

    • @cockyhemi-123
      @cockyhemi-123 Před měsícem

      Bono’s a socialist pig.

  • @treesixnine
    @treesixnine Před 12 dny

    No it isn't

  • @Got2Learn
    @Got2Learn Před měsícem +2

    Says everyone since 2001....still waiting.

  • @elizabethmurray5718
    @elizabethmurray5718 Před měsícem

    Will something happen in the nick of time?
    If you tell your bank NO, will that help?

    • @kenike007
      @kenike007 Před měsícem

      😅😂😂...Can you tell SATAN no??
      We all need to not consent...it's gonna be the hardest thing you ever do in this life, and we may leave this existence .
      But would you really want to live in the total control and enslavement they will press on you.
      What life is that?
      I will not get the mark or be control 24/7.

    • @elizabethmurray5718
      @elizabethmurray5718 Před měsícem

      I agree​@@kenike007

  • @Gman979
    @Gman979 Před měsícem +3

    Back to barter trade.

  • @bobjonez110
    @bobjonez110 Před 15 dny +1

    he says we had a couple of banks close last year and then convolutes silicon valley Bank which was last year with first republic a few weeks ago..maybe he meant in the last year..so I will give him a pass on the BS~ ometer..LOL

  • @bernadettecortina2070
    @bernadettecortina2070 Před 20 dny

    No to CBDC

  • @davidguerrero1636
    @davidguerrero1636 Před měsícem +1

    I’m in LA and we’re paying $5 a gallon

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment! I'm in Toronto and we are paying $6!

  • @zsazsa8006
    @zsazsa8006 Před měsícem

    Understand Defi now before its to late... in crypto it is the complete opposite of CBDC.

  • @johnjeffery6638
    @johnjeffery6638 Před měsícem +1

    Dowd really see's the big picture.

    • @BloorStreetCapital
      @BloorStreetCapital  Před měsícem

      It's Jimmy Connor, thanks for the comment John and for taking the time to view our content! If you are not a Subscriber, please Subscribe!