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The Immigrant's avatar

Tom Luongo has interesting theories. I follow a lot of channels (not MSM) to get as many ideas as possible then I’ll make my own opinions. I listening Tom’s agreements almost for 2 years. He is even more brutal behind pay wall. Anyway, I think he was the 1st one arguing that Powell and Dimon are on the same team. It didn’t make any sense when JPow start raising rates and then Dimon went to Davos and told Bloomberg on live TV - wake up, the oil will be here for about 50 years or so.

Most of Tom’s thoughts make sense, worth to consider to watch.

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johnycomelately's avatar

I wonder if the NY boys are wary about how CBDCs would affect commercial banking. How would capital be raised? How would markets operate? Who would determine distribution.

Seems like a rehash of the Roundheads against the Cavaliers, parliamentarians vs the crown.

CBDCs represent ‘digital feudalism’ (great term and a lot is written on the topic) whereas capital represents freedom of capital flow.

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