CBDC: The End of Money (Movie)
Click the following link to watch the film “CBDC: The End of Money” Central Bank Digital Currencies are being pushed worldwide by the Bank of International Settlements and governments. [...]
QUESTION: Mr. Armstrong; What about the Chinese housing bubble. Why has this been so different in many ways?
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ANSWER: The primary difference is the simple fact that Chinese cannot take their money out of the country under the capital controls. Consequently, the property market has become their bank account. They have been moving from public to private assets in China as well. This is starkly different from housing bubbles in the West where it was not a capital shelter due to capital controls.