Postcards: Will the Fed Bankrupt the Tooth Fairy?
We have another tooth loose in the Florida Republic... perhaps my daughter should take whatever money comes her way and buy energy stocks based on this latest analysis.
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Dear Fellow Expat:
Imagine for a moment that we become a cashless society.
That payments are done by a Central Bank Digital Currency (CBDC).
No more dollar bills… no more quarters, nickels, or dimes. All… on your phone.
Forget the government tracking… the invasion of privacy… the central bank’s ability to see everything you buy… and the possibility of bans on certain products (the latter was embraced in a recent panel at the World Economic Forum.)
Instead, let me ask a question…
What would the Tooth Fairy then leave under a pillow?
A QR code?
A cold wallet with Bitcoin in it?
Candy?
This morning, my daughter turned and wiggled a tooth.
Another one is coming loose.
She’s expecting a payday.
She lost her first two teeth during our trip to Switzerland. Before the trip, we’d discussed that the Tooth Fairy would leave money under her pillow.
But we thought it would happen before takeoff…
So, we had to improvise.
My wife explained that there’s a different tooth…
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