Essentially he concludes that it's almost inevitable. Some discussion regarding the dangers of a CBDC and how they can be tied to whatever political agenda is desired to control the population.

He states that there will probably only be about six Banks left in a couple of years and most of the regional banks will likely fail.

Mentions bank runs and fears them.

He's long on the US dollar because there is so much debt tied to it that people will not be able to simply abandon it.

He's a pretty credible guy. He used to manage portfolios at Blackrock. He's also hoping to find alternative ways to fight a CBDC.