Loading ...The communist regime in China is going to use its new state-controlled digital currency as a Trojan horse to project its authoritarianism all over the world, warns hedge fund manager Kyle Bass, and it could become a “cancer” plaguing the United States if it isn’t banned.
“Imagine a currency that almost has a mind of its own,” Bass said in a recent interview for EpochTV’s “American Thought Leaders.”
“It knows your account data, it knows your birthday, your Social Security number, where you live. It actually knows your spending proclivities and how you spend it.
“[Beijing’s] hope is to have a massive influence around the world to really leapfrog where they are today into a much stronger position economically and also giving them more control.”
Bass, founder and chief investment officer of Dallas-based Hayman Capital Management, was referring to the digital yuan, a central bank digital currency (CBDC) that Beijing began researching in 2014 and rolled out pilot tests for in four cities in 2020.
https://www.zerohedge.com/geopolitical/kyle-bass-us-should-ban-chinas-central-bank-digital-currency