Eswar Prasad, a Cornell University professor, has warned that central bank digital currencies (CBDCs) – with their expiry dates and restrictions on “less desirable” purchases – could lead economies to a much dark path . Prasad issued the warning during the 14th Annual Meeting of the New Champions hosted by the World Economic Forum (WEF).
During one of the 30-minute panel discussions at the WEF event, also known as Summer Davos, Prasad said programmable CBDCs and other new forms of money could take the international economic landscape toward financial collapse. The Truth About Gold IRA Rollovers and Transfers
He noted that one of the “huge potential gains” for digitizing money is the programmability of CBDC units .
“You could have a potentially better – or some people might say a darker world – where the government decides that units of central bank money can be used to purchase some […]
Excerpt Sourced From: truthbasedmedia.com