Part 4/9:
While discussions around climate initiatives dominated the headlines, another critical topic emerged—the Fed's potential foray into CBDCs. The ever-increasing trend of de-banking in the cryptocurrency sector, an effort that appears to allow banks to choose clientele based on political affiliations, raises significant concerns about access to financial systems. Such a move aligns with criticisms of a potential shift toward a social credit system, reminiscent of models employed in countries like China.