View RSS Feed

State of Mankind

China’s Digital Currency Is a Blackmail Weapon

Rate this Entry
China’s Digital Currency Is a Blackmail Weapon

Video

American Thought Leaders
JAN JEKIELEK


“Imagine if the Chinese government had access to every Tom, Dick, and Harry in America … and they have the ability to know where your bank account is, what it looks like, what your income is, and if you’re in financial difficulty. Imagine if they could cross-run an algorithm that says, let’s look for U.S. government employees that have Tinder that are short on cash—and maybe they’re married—and we can corrupt them immediately.”

China’s new digital currency, the e-yuan, is the “single largest threat to the West in the last 50 years,” says Kyle Bass, founder and chief investment officer of Hayman Capital Management and a founding member of the Committee on the Present Danger: China.

But the rollout of the e-yuan has gone largely unnoticed, “overshadowed by the Russian invasion of the Ukraine,” Bass says.

In this episode, we discuss the dangers of the new e-yuan, the strengthening China-Russia alliance, and why Bass believes the Chinese regime is actually intentionally crashing its housing market.

Submit "China’s Digital Currency Is a Blackmail Weapon" to Digg Submit "China’s Digital Currency Is a Blackmail Weapon" to del.icio.us Submit "China’s Digital Currency Is a Blackmail Weapon" to StumbleUpon Submit "China’s Digital Currency Is a Blackmail Weapon" to Google

Tags: None Add / Edit Tags
Categories
Uncategorized

Comments