Warning To Market Biggest Shift in Prices Gold – Lynette Zhang
can you see these similarities between
the breakdown of the previous system and
the breakdown in the current system but
it’s much much bigger this time because
this time we’re going full surveillance
we went to a debt based system here but
it was still it was still on the same
dollar system welcome to today’s video
where we dive into the world of Central
Bank digital currencies
cbdcs with Lynette Zang we’ll explore
recent updates on cbdc funding the
growing influence of digital currencies
globally and the race for cbdc dominance
join us as we discuss the differences
between retail and wholesale cbdcs their
impact on economies and gain insights to
navigate the evolving Financial
landscape so keep watching this
informative video till the end now first
we’ll just start with the tracker this
is as of March and as you can see in the
color coding
cancelled research proof of concept
which is considered an advanced stage
pilot and launched so remember there are
links to everything if you want to keep
track of this yourself you are more than
welcome to do so but according to this
the US anybody that’s in this purple
area uh and this and this that is in
Advanced stage of research of
cbdcs now this is as of this is from the
bank for international oh no this is the
Atlantic Council but this is from April
2021 where we had 74 central banks that
were looking at
cbdcs this is March
135 so you could see that it’s really
growing and there’s only 196 countries
in the world so we’re looking at what
they want as the future of money and
it’s most likely to happen our battle is
to retain choices and have money that’s
based on at least to a degree on sound
money so that we’re not working for air
we’re working for inflation I know we
can’t stop this and maybe we shouldn’t
stop that I mean I can see some good
things to it I could just also see some
bad things to it so we have to come
together in a global community and say
no and vote with our wallets and have
our wealth in sound money so that they
that we have our options because is this
really a race for control which is what
the cbdcs are all about now let me show
you the key findings 134 countries and
currency unions 98% of global SE of
global GDP are exploring
cbdcs 68 countries are in advanced
phases the US is in that category in the
pilot there is a new high of 36 ongoing
cbdc Pilots including the digital Euro
which is a two-year preparation stage
ending in
2025 the bricks Nation are in Pilot
phases Saudi Arabia Iran and the UAE are
also exploring crossw wholesale cbdcs
and something just came up on the news
about that as well
19 of the group of g20s so this is the
19th largest
economies uh 19 of the group of G20
countries are now in the Advan of cbdc
development including Brazil Japan India
Australia South Korea South Africa
Russia and Turkey so it’s going pretty
quickly now progress on retail cbdcs
okay retail cbdcs is where you and I
would have direct link with the Central
Bank okay we’re retail banks are
classified as wholesale okay so progress
on retail cbdc has stalled in the US
there is a widening gap between the US
and G7 Banks including the bank of
England and the bank of Japan now part
of that which we’ll talk a little bit
more about later is FTX what happened
with FTX and that collapse and also what
happened at Silicon Valley Bank that has
created you know a kind of shift in
thought process but we’ll come back to
that since Russia’s invasion of Ukraine
and the resulting G7 sanctions response
wholesale cbdc developments have doubled
because they’re not they would not be
counting on an interm mediary like Swift
which is controlled by the US and
therefore distribute
those sanctions to
whoever we decide we’re going to
sanction so yeah countries are looking
to protect themselves and that’s also
why you see the largest gold purchases
ever in history they want to retain
their independence and so do you and I
there are currently 13 crossborder
wholesale cbdc projects including
mbridge which connects China Thailand
the UAE and Hong Kong and will enter a
new phase expanding to 11 more countries
this
year three countries have fully launched
a cbdc the Bahamas Jamaica and Nigeria
the Eastern Caribbean currency Union
consisting of eight countries halted
availability of dcash due to technical
issues so there are some of those
cancellations that we saw however
they’re developing a new pilot don’t
worry they’ll be back for you in every
country with an advanced retail cbdc
project cbdcs are intermediated in other
words they go through the banks they’re
distributed through banks financial
institutions and payment services
provider China has a direct retail cbdc
and they also have a lot more control
over their population though they’re
losing some of that control so that
gives me hope on this as the largest
cbdc pilot in the world China’s digital
Yuan reaches 260 million wallets across
25 cities in
2024 the pilot is focused on optimizing
overseas tourist use and expanding
crossborder applications so can you see
how they’re
spreading the the influence of China is
spreading around the globe and much as
the world has been watching how China
can control their entire population
regard less of what they may outwardly
say every single Central Bank and every
single government is paying attention to
this great experiment you know we’ve
watched it fall down a little bit let’s
hope we see more of that but back to
this
Petrina completes their first
International crude oil trade in the
digital Yuan so this is cross border and
there’s a lot more of this cross border
so now they don’t have to convert into
dollars
in order to buy oil which that was the
Petro dollar that’s why the US kept its
status as the world Reserve currency now
that’s been eroding since 2000 however
having said that now this is a first
crossborder use case and this is going
to most it it is it’s going to inspire a
whole lot more of this
experimentation globalized one world
world’s Central Bank it is so much
easier to control if you have one entity
making all the decisions is that what
you want because clearly other central
banks don’t want that take a look at the
the gold buying through 2023 of central
banks now here’s 1950 to 1965 when the
currency was pegged to the dollar right
that’s when that started then there was
a run in the60s there was a run on the
US dollar here’s 1971 you see how
different that looks they brought out
the spot Market to control your
visibility and how you think about gold
and they were selling Leasing and so
convoluted that nobody really really
really knows how much gold any of the
central banks have but I’d like you to
notice that they began to buy gold not
sell as much or lease out as much in
2005 do you think they knew that 2008
was coming yeah I think they did they
made these choices to inspire all those
risky bets gosh are they making any
choices to inspire risky bets now yes
the all the markets are so overinflated
in 20122 you had the highest level of
gold buying even higher then during that
1950 to 65 period as the system was
breaking down can you see these
similarities between the breakdown of
the previous system and the breakdown in
the current system but it’s much much
bigger this time because this time we’re
going full surveillance we went to a
debt based system here but it was
still well use this whatever it was
still on the same dollar system as we
reach the end of today’s journey into
the realm of Central Bank digital
currencies we hope you’ve gained
valuable insights and perspectives from
our discussion with the brilliant
Lynette Zang remember the world of
Finance is constantly evolving and
staying informed is your passport to
success in this Dynamic landscape don’t
forget to hit that subscribe button and
ring the notification Bell to stay
updated on all our future Explorations
thank you
[Music]
Warning To Market Biggest Shift in Prices Gold – Lynette Zhang
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