“This is signaling a disaster for privacy, for humans, for people, [and] for citizens,“ says Todd Bubba Horwitz, founder of bubbatrading.com, following the recent launch of the Universal Monetary Unit at IMF Spring Meetings in Washington, D.C. He says it’s a “tragedy” because central bank digital currencies will enable governments to track people “from the day you born until the day you die,” arguing that it's just another way of taking freedom away from people. He says that the Fed is expected to raise interest rates again in May and there will be a “major disaster in the equity market" in the next year or so, citing unemployment, stagflation, and high interest rates as major factors. As a result, he says money will flow to gold and silver, helping gold reach new highs this year. Video by Stansberry Research.
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