Russia's CBDC is GOOD because it state owned!
https://simplicius76.substack.com/p/russias-cbdc-exploring-the-truth
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Russia’s central bank system doesn’t function in this way. In fact, the Russian central bank is not comprised of any member ‘branches’ and has no type of private or corporate ownership in the way of the U.S. Fed. It simply has offices of the main central headquarters in different parts of Russia, but these are just administrative offices and nothing more. Further, because of this much simplified structure, the bank is administered primarily by a far more transparent board of directors which are appointed by the Russian president and State Duma. And most importantly, those directors are not involved in the same conflicts of interest as are possible and rampant in the U.S.—i.e. sitting on boards of other major globalist conglomerates and private commercial banks.
In fact, in Russia the banking situation can almost be said to be backwards to that of the U.S. in the following way. In the U.S., the largest private banks control the government and its monetary policy by way of their direct control over the Federal Reserve itself. In Russia, the largest banks in the country, like Sberbank, VTB, etc., are actually majority-state owned. Which means the Russian government has the controlling share and say in them.
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In fact, what’s startling for people used to the cronyism of the West, is that if you click through each member of the Bank of Russia’s board of directors, you’ll note that all, save one, are career state bankers, economists, or some type of career state employees. Meaning they’ve worked in various positions in the Bank of Russia or other state institutions for the majority of their careers rather than in private hedgefunds, investment firms, corporations, and the like, as is so common in the U.S. Federal Reserve system.
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