The Rise of Central Bank Digital Currencies: A Looming Threat to Financial Freedom
Adrian C. Spitters FCSI?, CFP?, CEA? President, Author, Private Wealth Advisor
I Execute Tax-Efficient Investment Portfolio Solutions So That Your Business, Family, And Estate Assets Are De-Risked And Protected Against Financial Risk, Economic Threats, Inflation And Higher Taxes.
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Embracing Decentralization and Alternative Assets in the Face of Centralization
In a startling revelation, SWIFT, the global payment messaging system utilized by the majority of banks worldwide, has announced its plans to launch a Central Bank Digital Currency (CBDC) platform within the next 12 to 24 months. This move, long anticipated by economic observers and advocates of financial freedom, represents a significant step towards the centralization of global financial systems and the potential erosion of individual liberties.
The Magnitude of SWIFT's Reach
To grasp the far-reaching implications of SWIFT's CBDC endeavour, it is crucial to understand the sheer scale of its current operations. According to Investopedia, more than 11,000 global SWIFT member institutions, primarily banks, sent an average of 44.8 million messages daily through the network in November 2022. This staggering figure underscores SWIFT's pervasive influence, extending well beyond domestic borders and encompassing the vast majority of the world's financial institutions.
The Rapid Progression of CBDCs
The acceleration of CBDC adoption is a stark reality, with Reuters reporting that around 90% of the world's central banks are now actively exploring the implementation of these digital currencies. This progression, once viewed as a distant possibility by skeptics, has gained remarkable traction, fueled by the perceived need to keep pace with the evolving landscape of cryptocurrencies and the drive for greater centralized control.
Nick Dryden, SWIFT's head of innovation, shed light on the organization's latest trial, which involved a consortium of 38 central banks, commercial banks, and settlement platforms. This trial was deemed one of the largest global collaborations on CBDCs and tokenized assets, aimed to ensure interoperability among different countries' CBDCs, regardless of the underlying technologies or protocols.
The Allure and Risks of CBDCs
While proponents of CBDCs tout their potential benefits, such as streamlined cross-border transactions and increased financial inclusion, critics warn of the substantial risks posed by these centralized digital currencies. The consolidation of financial ledgers under the control of a select few global elites raises grave concerns over privacy, individual sovereignty, and the potential for unprecedented surveillance and control.
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Diversifying into Alternative Assets
In the face of this looming threat to financial freedom, prudent high-net-worth Canadians may want to consider diversifying their investments into alternative assets like private equity, private debt, private real estate, and infrastructure. These asset classes can produce steady cash flow and upside returns uncorrelated to public markets, providing a valuable hedge against market volatility and centralized control. Now may be the ideal time to engage the services of a Private Portfolio Manager experienced in navigating turbulent markets. Such professionals can help mitigate risks and even capitalize on unique yield opportunities during times of volatility, safeguarding and growing wealth through a "capital preservation first" philosophy.
I have partnered with one of Canada's leading private wealth management firms, serving high-net-worth individuals and families across the country. This firm offers professional investment management and wealth planning services from a client-first perspective, granting affluent Canadians access to the kind of investment strategies typically available only to ultra-high-net-worth investors. Driven by a "capital preservation first" philosophy with a focus on generating consistent positive returns irrespective of public markets, my clients gain exclusive access to alternative investments, including Private Equity, Private Debt, Mortgages, Private Real Estate, and Infrastructure.
You Can Watch The Full Video Here: Holy Sh*t...SWIFT Just Announced New CBDC Platform
A Tangible Hedge: Precious Metals
Investors may also want to consider purchasing Precious Metals through ?New World Precious Metals as a tangible hedge against economic uncertainties. Historically, precious metals have served as a reliable store of value, offering protection against currency devaluation and financial turmoil.
As the world inches closer to the widespread adoption of CBDCs, it becomes increasingly crucial for individuals to explore alternative avenues for preserving their wealth and safeguarding their financial sovereignty. By diversifying into alternative assets and embracing decentralized solutions, we can collectively fortify our defences against the encroaching threat of centralized control.
Want to Learn More?
To learn more about implementing these diversification strategies and exploring alternative investment opportunities, contact me at [email protected] or use my Calendly Link for a personalized consultation. Together, we can navigate the complexities of the current market environment and ensure your portfolio remains resilient and aligned with your long-term financial goals while preserving your financial freedom in the face of the CBDC revolution.
To continue receiving my posts, please follow Adrian C. Spitters FCSI?, CFP?, CEA?, and sign up for my newsletter, Lasting Financial Security.
Please also check out and join my new group, The Counter Narrative.
Do you find value in the articles I write? Please subscribe to my weekly newsletter, which summarises my best stories of the week: SUBSCRIBE.
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