Black swan event takes place in a short time frame. It's an instant event that happens and then a reaction / attempt to fix & recover. But in the case of cbdc a black swan event won't cut it. You can't just impose cbdc on people no matter how serious the event is imo. So what is needed is a black swan ballad, something that takes place over many years and conditions people so much so that they will see cbdc as their best chance of survival when the time comes and adopt it voluntarily so to speak. They may even introduce a gold standard and in a terrible manner so it fails as part of the process.

Tl;Dr cbdcs are still a long ways away. The logistics and scale of something like that is almost impossible, but also if it was possible the willingness of ppl to adopt it, the incentives for the people to adopt are not immediately clear to me yet.

would make you wonder how.

A wholesale CBDC, as a system between banks that only banks use, but not you and me, needs no bank consolidation. So they can't mean that.

one of the major obstacles to CBDCs is that banks are dead set against a retail CBDC, i.e. one that individual people use. That would be a CBDC account, presumably with the Fed, and it would eliminate banks as providers of individual bank accounts. Though those are not profit centers, necessarily, for banks, they are capital inflow centers.

The article speaks of a "public private partnership", but.. what would that mean? bank CBDCs? Like bank issued money, like in the old days, but pegged to the dollar - basically a line of 5, 6 bank issued stablecoins?