Simon Dixon has a thesis that the primary purpose of CBDC will be to provide a way to offset the deflationary effect of widespread insolvency while simultaneously making consumers whole as banks fail beyond the means of the FDIC to make depositors whole. CBDC will be different than Federal reserve notes -- it will be direct, non-debt-based currency. Simon has posted some very interesting youtube videos about this recently including a wonderful breakdown of the IMF announcement last week calling for a new Bretton Woods agreement and acceleration of CBDC issuance by all government which dovetails with an IMF issued CBDC.

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