Dear Reader, Putting money ‘off grid’ might seem like something that only the rich and powerful do. But in light of recent developments, it might soon become a necessity for some everyday Aussies. That’s because the Reserve Bank of Australia (RBA) is developing a new type of digital money called Central Bank Digital Currency (CBDC). CBDCs can potentially give governments the ability to monitor and control citizens. Just look at China. At the height of the pandemic, the Chinese Communist Party (CCP) launched the e-CNY. This programmable currency allows the CCP to track every transaction, decide how it can be spent, and even punish people if they plan to buy something they ‘shouldn’t’. Could that happen in Australia? Nobody knows…but if that concerns you, it may be prudent to prepare yourself for the worst-case scenario. I believe a smart approach is to keep some of your wealth off the financial system, safe from government control…while you still can. You’ll learn 13 easy strategies for doing this in my free CBDC report. Click here to access it.
Best, Greg Canavan, Editorial Director, Fat Tail Investment Research |