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Why CBDCs Should Never See The Light Of Day

Why CBDCs Should Never See The Light Of Day
zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.

2021: The Year Of The Black Swans?

A “Black Swan” is best defined as an unforecastable, low-probability, high-impact event. They may include more prosaic natural disasters, like earthquakes, but are more generally understood to be unforeseeable economic, financial and political calamities. While Black Swan events are, by this definition, unforecastable, the trends building up to them can often be observed, and that process has been our aim since the inception of GnS Economics in 2012. For example, it’s nowadays often possible to observe the buildup of pressure in volcanos. This does not guarantee an eruption, naturally, but it provides an indication that such an event could occur.

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