Crisis Leads to CBDCs

First rule of politics is never waste a crisis. That mantra is seeing a push toward Central Bank Digital Currencies.

Crisis Leads to CBDCs
Photo by Markus Winkler / Unsplash

Life is never boring but we are truly living in extraordinary times.

Almost everything we have 'known' has been turned on its head and that means we all have to adjust to the new world order.

It provides an opportunity for government to implement the adage of never letting a good crisis go to waste.

Who would have thought a Labor government would be announcing a nuclear waste dump for Australia after decades of opposition? It's in response to the move to nuclear submarines, which in itself is a big move for the country.

I hope both of these open up politicians minds to the potential of a complete nuclear industry for this country. It seems silly to allow nuclear power plants in submarines but not on land to power our homes and industry.

It's been fascinating to see some Labor luminaries like Penny Wong, who has campaigned against a nuclear industry and waste repository to suddenly embrace them.

The conviction of a lifetime, abandoned in a moment. That seems to be the state of modern politics.

We're also seeing our existing financial system turned on its ear.

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