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2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
2 episodes with central bank digital currencies cbdc
In deze aflevering van de Metavers3 podcast gaan we dieper in op stablecoins en hun opmars binnen de cryptowereld.
LOTGENOTEN EVENT: samen met Rabi organiseren wij een luxe event gericht op investeren, belasting besparen, netwerken en meer. Inclusief gastsprekers als Wybren van Haga en Toine Manders! Let op: beperkt aantal plekken. Claim je ticket via: https://lotgenotenpodcast.nl/Moneyfesto-326a In deze aflevering spreken Jaro en Koen met financieel specialist Rabi Adli, hij heeft het over de ingrijpende macht die banken uitoefenen in onze samenleving. Rabi, met 7 jaar ervaring op de witwasafdeling van een grote bank, geeft ons een kijkje achter de schermen van het geldsysteem. Wat gebeurt er als banken enorme hoeveelheden geld blijven bijdrukken? We bespreken de impact hiervan en de mogelijkheid van een nieuwe financiële crisis. Daarnaast praten we over de bedreiging voor onze privacy. Banken volgen al onze transacties nauwgezet; wat zien ze precies, en hoe houden ze ons in de gaten? Rabi deelt tips over hoe wij ons minder zichtbaar kunnen maken voor banken. Vervolgens duiken we in de opkomst van Central Bank Digital Currencies (CBDC) en de potentiële gevolgen voor de controle en macht van banken. Heeft crypto, zoals Bitcoin, een rol in het terugwinnen van onze financiële autonomie? We sluiten af met een actueel onderwerp: schijnzelfstandigheid. Hoe gaat de overheid dit handhaven en wat betekent dit voor ZZP'ers? Rabi legt uit wat we kunnen verwachten en hoe de Belastingdienst de controle steeds verder uitbreidt. Een informatief gesprek over geld, privacy en onze toekomstige vrijheid! METTOM MAAKT WERKGEVEN MAKKELIJK! Doe nu gratis de schijnzelfstandigheid risicoanalyse
In deze aflevering van GoudKoorts bespreekt Bart Brands zijn recente interviews met Arno Wellens en Edin Mujagic, waarbij hij diep ingaat op de digitale agenda en de potentiële dreigingen van Central Bank Digital Currencies (CBDC). Bart analyseert de huidige goud- en zilverkoersen, die opmerkelijke stijgingen vertonen, en bespreekt de impact van de Amerikaanse en Europese centrale banken op de renteverlagingen ondanks stijgende inflatie. Verder behandelt hij de recente ontwikkelingen in de cryptomarkt en de schommelingen in de Bitcoin-koers. Bart sluit af met een blik op de verminderde investeringen in Nederlandse start-ups en de mogelijke economische indicatoren daarvan. ⚜️ Open nu een account bij GoldRepublic:
✘ Werbung: Mein Buch Katastrophenzyklen ► https://amazon.de/dp/B0C2SG8JGH/ Kunden werben Tesla-Kunden ► http://ts.la/theresia5687 Mein Buch Allgemeinbildung ► https://amazon.de/dp/B09RFZH4W1/ - Der digitale Euro wird uns alle zu Leibeigenen einer Politikerkaste machen. Heute spreche ich über einen zum Teil fiktionalen Thriller im Umfeld der Finanzindustrie, der Politik und der Bitcoin-Szene. Im Anschluss daran stelle ich noch drei Bücher vor, die im Detail Bitcoin und sein Umfeld erklären. - Central Bank Digital Currencies CBDC ► https://youtu.be/DiK-6P47gXI Buch Marc Friedrich Bitcoin ► https://youtu.be/63O6Fkl0ffU - 0:00 Einleitung | Überblick Bitcoin-Bücher 2:58 von Hayek und Orwell 7:00 Buch-Besprechung Mieses Geld 15:47 Bitcoin für Einsteiger 16:35 Digital Trust: Confirming the Future 20:21 Digitaler Euro | Bargeldloses Zahlen
John Alcock has a BSC and MSc from Otago. He also has an LLB from Auckland Uni of Technology. His time is presently devoted to matters crypto. He talks with us about Bitcoin, Central Bank Digital Currencies (CBDC's), and the progress by our own Reserve Bank. What he has to say in podcast 234, needs to be heard by all who care about freedom. There's also comment on the approaching age of Neo Feudalism and the “take away” from the last four years. And finally, The Mailroom with Mrs Producer. File your comments and complaints at Leighton@newstalkzb.co.nz Haven't listened to a podcast before? Check out our simple how-to guide. Listen here on iHeartRadio Leighton Smith's podcast also available on iTunes:To subscribe via iTunes click here See omnystudio.com/listener for privacy information.
The Mainstream Media's job is to divert the general public away from the real events that impact their lives and shift their focus onto a neverending stream of unimportant distractions designed to keep them unaware of the creeping authoritarian Police State that is being built up around them. Clint Russell managed money for many years and understands how the Globalists are using some very sophisticated language and tactics to shift the public into a disastrous system of global carbon taxes, Central Bank Digital Currencies (CBDC), and ESG scores as a way of shaping behavior while getting insanely rich in the process. Will society figure out that the Green New Deal is a scam of epic proportions in time, or will BlackRock and the World Economic Forum remake society in their image and force the people to live in pods and eat ze bugs? Time is running out. Clint Russell's Links: Liberty Lockdown Podcast: https://apple.co/3bkpsii Sponsors: Emergency Preparedness Food: www.preparewithmacroaggressions.com Chemical Free Body: https://www.chemicalfreebody.com Promo Code: MACRO C60 Purple Power: https://c60purplepower.com/ Promo Code: MACRO Wise Wolf Gold & Silver: www.Macroaggressions.gold True Hemp Science: https://truehempscience.com/ Haelan: https://haelan951.com/pages/macro Solar Power Lifestyle: https://solarpowerlifestyle.com/ Promo Code: MACRO LegalShield: www.DontGetPushedAround.com EMP Shield: www.EMPShield.com Promo Code: MACRO Christian Yordanov's Detoxification Program: https://members.christianyordanov.com/detox-workshop?coupon=MACRO Coin Bit App: https://coinbitsapp.com/?ref=0SPP0gjuI68PjGU89wUv Macroaggressions Merch Store: https://www.teepublic.com/stores/macroaggressions?ref_id=22530 LinkTree: linktr.ee/macroaggressions Books: HYPOCRAZY: https://amzn.to/3VsPDp8 Controlled Demolition on Amazon: https://amzn.to/3ufZdzx The Octopus Of Global Control: Amazon: https://amzn.to/3VDWQ5c Barnes & Noble: https://bit.ly/39vdKeQ Online Connection: Link Tree: https://linktr.ee/Macroaggressions Instagram: https://www.instagram.com/macroaggressions_podcast/ Discord Link: https://discord.gg/4mGzmcFexg Website: www.Macroaggressions.io Facebook: www.facebook.com/theoctopusofglobalcontrol Twitter: www.twitter.com/macroaggressio3 Twitter Handle: @macroaggressio3 Rumble: https://rumble.com/c/c-4728012 The Union Of The Unwanted LinkTree: https://linktr.ee/uotuw RSS FEED: https://uotuw.podbean.com/ Merch Store: https://www.teepublic.com/stores/union-of-the-unwanted?ref_id=22643&utm_campaign=22643&utm_medium=affiliate&utm_source
Audio-Podcast – OrionX.net: Deep Insight, Market Execution, Customer Engagement
Bitcoin ETF and Bitcoin halving have fueled renewed excitement in the cryptocurrency world and it is time to catch up with the state of the market again. Dr. Stephen Perrenod joins Shahin Khan to go over the latest hot topics: Wall Street entering the Bitcoin market with about a dozen Bitcoin Exchange Traded Funds (ETF), the upcoming halving of newly minted Bitcoins, and the state of Central Bank Digital Currencies (CBDC). [audio mp3="https://orionx.net/wp-content/uploads/2024/01/OXD023_TCrypto-update_Halving_ETF_CBDC_20240129.mp3"][/audio] The post Bitcoin ETF, Bitcoin Halving, CBDCs – OrionX Download Podcast appeared first on OrionX.net.
Join us as we rewind through the treasure trove of offshore wealth management topics covered in 2023. This episode is your gateway to mastering the intricacies of offshore banking, specifically tailored for Americans seeking financial prowess beyond borders. The episode is a valuable resource for understanding the nuances of the offshore banking world. Subscribe for more expert insights and stay ahead in cross-border wealth management, whether you are an investor or a financial professional! 00:11 Going Beyond Performance: Link to the full discussion https://youtu.be/ZP5uR4lftpg 03:12 Proposed Beneficial Owner Registry in Switzerland with Jessica Schaedler: Link to the full discussion https://youtu.be/KayxDlNY3ME 06:14 The U.S. Bank Crisis & Credit Suisse: Link to the full discussion https://youtu.be/Cs5zxe5eTWs 09:28 Unveiling Swiss Venture Capital: Link to the full discussion https://youtu.be/hOJ4lVnoYAE 11:21 Central Bank Digital Currencies (CBDC) & The Swiss Franc Initiative: Link to the full discussion https://youtu.be/UxKq_sav7mI 14:42 Cook Islands Trusts For Asset Protection: Link to the full discussion https://youtu.be/c874smLJN9I 15:44 USA & China Decoupling And A New World Reserve Currency?: Link to the full discussion https://youtu.be/jKGOoj5LZxk 19:27 BRICS: Are They Destroying The U.S. Dollar's Dominance?: Link to the full discussion https://youtu.be/5M4K8cLYXSE 26:38 A Tale of Two Fiscal Choices: U.S. Debt Ceiling vs. Swiss Debt Brake: Link to the full discussion https://youtu.be/oVE4-hQxgqE 31:19 Moving Offshore With Your Individual Retirement Account: Link to the full discussion https://youtu.be/em7-PhIGBvo 34:14 What is FATCA? What Americans with a Swiss Bank Account need to know: Link to the full discussion https://youtu.be/LN7BruaUzf8 37:51 Outro Contact WHVP: Website: https://whvp.ch/ Email: info@whvp.ch Telephone: +41 44 315 77 77 Disclaimer: All posts and publications are for your information only and are not intended as an offer, promotion, or solicitation to buy or sell any financial instrument or perform any other financial transactions. All information and opinions expressed in posts and publications reflect our current views as of the date of the publication and may be liable to change without notice.
JOIN THE COMMUNITY Logos TwitterDiscordRESOURCES: Edward Snowden X Edward Snowden SubstackJarrad Hope X TIMESTAMPS: 00:00: Intro 01:00: A look back at the last 10 years of surveillance 07:50: Post September 11th Surveillance scheme 09:45: A new era of presumed mass surveillance and the loss of a free internet 14:10: Beyond omnipresent oppression (add subscription card) 15:30: Why should people care about privacy? Privacy is power 19:12: How did your politics evolve over the years? A meta game of politicians25:27: Logos and why the politics of this project matter. Creating political neutrality and just governance. 30:30: Recognizing cyberspace as the fifth domain of conflict. 33:40: Reform or Revolution? 36:39: Why the decentralisation movement is so important. Order via protocol instead of law 41:48: Combining resistance, privacy, and technology 47:35: Logos – Infrastructure for Network States 53:05: Decentralizing access to the internet. Tornado Cash, VPN, TOR, and network blocks 57:30: Catalan Independence Referendum. Decentralized technology, mesh network, IPFS 1:02:20: How economies work and defining private property 1:06:40: Neutrality, Crypto, Central Bank Digital Currencies (CBDC)1:12:20: Encrypted content, private, secure messaging, and metadata 1:16:20: Government forced backdoors into encryption schemes 1:18:50: Ensuring the freedom of future generations
In this episode: Deep Dive into CBDC: Lindsay introduces Central Bank Digital Currencies (CBDC), providing real-life examples of how these might impact day-to-day transactions and individual freedoms.Privacy and Surveillance Concerns: Lindsay describes some implications of electronic currencies and the resulting erosion of privacy, mentioning that it could lead to a dystopian world.Check out Lindsay's Airbnb Experience: https://www.airbnb.com/experiences/3362025https://www.meetup.com/bitcoin-bootcamp/To learn more about Bitcoin: Join the Orange Hatter Women's Reading Club. Visit https://www.meetup.com/womensbitcoinreadingclubwithorangehatterPlease email questions/comments to Tali@orangehatter.comRemember: Knowledge is empowerment!
Right now, in terms of the future of money, it seems like the messaging from the the mainstream media, the elites gathered at the World Economic Forum, and central banks across the world, is that Central Bank Digital Currencies (CBDC) will soon replace the cash in our pockets. And, of course, despite this being painted as a great convenience to the average person… in reality, having everyone on a central bank digital currency would allow the federal government to control our lives like never before. In theory, governments could make the money expire, so you would have to use it before a certain date. They could make the money unusable in certain industries, such as, for instance, the gun industry. And also, if the technology develops further, they could tie the digital money to some other type of profile that you have in the system — sort of like what they do in China with their “social credit” scores. However, as great as all that sounds, the truth is that behind the scenes, central banks around the world are buying up physical gold bullion at record rates. Publicly, they promote CBDCs, but in reality, they are hoarding gold like never before.
Right now, in terms of the future of money, it seems like the messaging from the the mainstream media, the elites gathered at the World Economic Forum, and central banks across the world, is that Central Bank Digital Currencies (CBDC) will soon replace the cash in our pockets. And, of course, despite this being painted as a great convenience to the average person… in reality, having everyone on a central bank digital currency would allow the federal government to control our lives like never before. In theory, governments could make the money expire, so you would have to use it before a certain date. They could make the money unusable in certain industries, such as, for instance, the gun industry. And also, if the technology develops further, they could tie the digital money to some other type of profile that you have in the system — sort of like what they do in China with their “social credit” scores. However, as great as all that sounds, the truth is that behind the scenes, central banks around the world are buying up physical gold bullion at record rates. Publicly, they promote CBDCs, but in reality, they are hoarding gold like never before. ⭕️Watch in-depth videos based on Truth & Tradition at Epoch TV
Utopians never run out of pipe dreams. Whether it be "vaccine passports," or "carbon zero" or "you will own nothing, and be happy," the tyrannical ideas are always being broadcast. This is why those who cherish freedom must always be vigilant. The schemes just keep on coming. Central Bank Digital Currencies (CBDC's) are another dystopian idea that, fortunately, many people already strongly reject. It's not hard to see why CBDC's would not only be unworkable, but would be a total disaster to humanity.
OUTLINE of today's show with TIMECODESCuban Missile Crisis Part Deux, Times Two: China puts troops in Cuba, Russia puts nukes next to NATO in Ukraine (2:58) BlackRock — war profiteering and buying politicians (8:42)The lost Titan sub — exploring the depths of reckless incompetence (19:29)What to Expect From Titan Sub Rescue The harrowing tale of the previous record for deep sea rescue of a stranded submersible — when CO2 is really a danger to life (39:07)"IdentityFinance" — all globalist organizations (IMF, BIS, UN, WEF, WHO) share a common goal of global ID and biometrics. It's central to Central Bank Digital Currencies CBDC (52:43)Hunter Bias: Taking Corruption Up a Notch to ELEVEN Most serious charges ignored and income tax charges even downgraded. Compare to treatment of Al Capone or a J6 granny with cancer who walked into their sacred temple to power, the US Capitol. Naked nepotism and corruption. Exactly what you'd expect from the Bidens. (1:08:16)The REAL corruption is with "We the People" who make excuses for criminal politicians if they're "on OUR side" (1:21:11)The weaponization of the IRS (and ATF, FBI, etc) (1:29:58)Tiny county makes TENS OF MILLIONS in outright theft called civil asset forfeiture (1:39:05)The real benefit of RFKj's campaign is right now — the PUBLIC DEBATE over jabs and "public health". The info is getting out there even though Biden won't debate. The mainstream media's juvenile propaganda is backfiring (1:49:39)Ben Shapiro, trying to claw back his lost credibility after SHILLING for the jabs for 2 years. (1:54:31)INTERVIEW When Driver ASSIST Becomes Govt INSIST Eric Peters, EPautos.com, is the issue emissions and safety? Government controls are not for your car…they're for you (2:02:12)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT
OUTLINE of today's show with TIMECODESCuban Missile Crisis Part Deux, Times Two: China puts troops in Cuba, Russia puts nukes next to NATO in Ukraine (2:58) BlackRock — war profiteering and buying politicians (8:42)The lost Titan sub — exploring the depths of reckless incompetence (19:29)What to Expect From Titan Sub Rescue The harrowing tale of the previous record for deep sea rescue of a stranded submersible — when CO2 is really a danger to life (39:07)"IdentityFinance" — all globalist organizations (IMF, BIS, UN, WEF, WHO) share a common goal of global ID and biometrics. It's central to Central Bank Digital Currencies CBDC (52:43)Hunter Bias: Taking Corruption Up a Notch to ELEVEN Most serious charges ignored and income tax charges even downgraded. Compare to treatment of Al Capone or a J6 granny with cancer who walked into their sacred temple to power, the US Capitol. Naked nepotism and corruption. Exactly what you'd expect from the Bidens. (1:08:16)The REAL corruption is with "We the People" who make excuses for criminal politicians if they're "on OUR side" (1:21:11)The weaponization of the IRS (and ATF, FBI, etc) (1:29:58)Tiny county makes TENS OF MILLIONS in outright theft called civil asset forfeiture (1:39:05)The real benefit of RFKj's campaign is right now — the PUBLIC DEBATE over jabs and "public health". The info is getting out there even though Biden won't debate. The mainstream media's juvenile propaganda is backfiring (1:49:39)Ben Shapiro, trying to claw back his lost credibility after SHILLING for the jabs for 2 years. (1:54:31)INTERVIEW When Driver ASSIST Becomes Govt INSIST Eric Peters, EPautos.com, is the issue emissions and safety? Government controls are not for your car…they're for you (2:02:12)Find out more about the show and where you can watch it at TheDavidKnightShow.comIf you would like to support the show and our family please consider subscribing monthly here: SubscribeStar https://www.subscribestar.com/the-david-knight-showOr you can send a donation throughMail: David Knight POB 994 Kodak, TN 37764Zelle: @DavidKnightShow@protonmail.comCash App at: $davidknightshowBTC to: bc1qkuec29hkuye4xse9unh7nptvu3y9qmv24vanh7Money is only what YOU hold: Go to DavidKnight.gold for great deals on physical gold/silverFor 10% off Gerald Celente's prescient Trends Journal, go to TrendsJournal.com and enter the code KNIGHT
Watch this on YouTube! Doomberg comes on the show to give us the macro outlook for energy, and the continued effort of governments and politicians to create a crisis where there doesn't need to be one. Doomberg dissects the German power grid, and talks about New York's idea of banning natural gas stoves the home. Doomberg outlines the threat that Central Bank Digital Currencies (CBDC) pose to our personal and economic freedoms. He also talks about the recent SEC actions against crypto exchanges Coinbase and Binance. Is crypto safe from government? Doomberg teaches us how to study oil, and his outlook for the black gold. Check out Doomberg's website: https://doomberg.substack.com/ Rule Symposium in Boca Raton Connect with us! Twitter Facebook Instagram Linkedin Water Filter System I use for Perfect Water Precious Metals Steve Style: https://www.stevebartonmoney.com/contact-2 Website: https://www.stevebartonmoney.com/ Email: stevebartonmoney@gmail.com DISCLAIMER: I am not a financial advisor. This is not financial advice. I only express my opinion based on my experience and your experience may be different. These videos are for educational and motivational purposes only. Investing of any kind involves risk. Do your own diligence. Every investment and bet comes with the risk that your capital could go to zero. WHAT I DO: Spread out your investments. Don't put it all on one thing. For every bet that you make, you should devote one hour of study per month to that investment. Keep the number of bets to what you can feasibly study. AFFILIATE DISCLOSURE: Some of the links on this channel are affiliate links, meaning, at NO additional cost to you, the show may earn a commission if you click through and make a purchase and/or subscribe. However, this does not impact our opinion. We recommend them because they are helpful and useful, not because we are looking for the small commission.
Has oído hablar del bitcoin, seguro. Y de las criptomonedas. Pero, ¿cuánto sabes del euro digital? En Bola de Cristal nos adentramos en el mundo de las Central Bank Digital Currencies (CBDC). En los últimos meses han sido muy criticadas por la falta de privacidad, pero aquí queremos plantear una pregunta importante. ¿Qué cosas buenas nos va a traer el euro digital?
Matt and Kelly talk about surf injuries, the homeless scam, why Central Bank Digital Currencies (CBDC) should matters to YOU, and how Monsanto and other psychopathic corporations could be moving to own you-- literally. Mistakes made (for Jake): Brenton Hicks (not Brenton Woods) is a chiropractor in Arkansas,. Anonymity not unanimity. Tag us on Instagram and save a puppy As always, if you like what we're doing, let us know on your podcast app by leaving a review or reach out to us on Instagram. And, check out our website for the best subversive shirts, flip-flops, and coffee mugs your money can still buy at libertytreelifestyle.com Wanna support the show? Go to https://www.patreon.com/libertytree and become a member of the Liberty Tree Social Club Follow us and give us a review @Libertyupatree on twitter @Libertytreebrand on Instagram Watch the video on YouTube Order Kelly's Book The Great American Contractor Look into a Cold Tub at Kelly Cowan Designs Love you guys Kelly and Matt
Hrvoje Morić from The Geopolitics & Empire Podcast joins David DuByne to discuss how digital rationing cards are being formulated to roll out with Central Bank Digital Currencies (CBDC's) and how this will effect you life and access to food. Thank You for Visiting my Sponsors: Free Sustainability Course from The Grow Network ADAPT 2030 (PATREON) 25 Year Shelf Life Storable Foods Hemplucid> True Leaf Market Heirloom and Organic Seeds ADAPT 2030 AMAZON SHOP
G'day Folks, On today's show no Andy as he's over in PNG but Ethan joins me for a discussion about bank closures in Australia, Central Bank Digital Currencies (CBDC's), Inflation, and US bank collapses. Not the most high energy conspiracy style of topics but we hope we made it as interesting and informative as possible. There was quite a bit to go over and there were 2 great videos we listened to and discussed on the topics as well. People need to be aware of the tactics and plans at play here. Like Ethan says on the show it's part of a cycle. All this has happened before and all of this will happen again. Approximately 100 years ago actually. We try and highlight the patterns and use of the Hegelian Dialectic of Problem - Reaction - Solution to drive these massive changes in our society. Please be sure to give us a 5 Star Rating and Review on Apple Podcasts and any other podcasting app you use. It really will help our reach. Want to support the show but don't like Patreon? Here's the solution... BUY ME A COFFEE! https://www.buymeacoffee.com/GeneralMaddox/membership NEW STUBBY COOLERS AVAILABLE NOW! Enjoy a "Conspiracy Beery" with friends and start the conversation. 2 stubby coolers for $10 (inc Postage. Australia only). They are double sided with each image you see. The GKP logo on one side and the Conspiracy Beery on the other side. See images below! Pay via my PayPal account and make sure your postage details are in the payment details. http://paypal.me/LeeMaddox79 or Direct Bank Transfer. Please contact me to arrange: editor@realnewsaustralia.com Remember the Bonus Content shows are available now to all Patreon supporters for just AU$7 a month! Now 41 Bonus shows are available just for those who see value in what we do. Including a 5 part series on the Port Arthur Massacre, The Electric Universe with Physicist Wal Thornhill, The Moon Landing Hoax & The Titanic Conspiracy! PLUS!!!... every Patreon member gets a video version of every episode of the regular show too! Instead of donating money to a charity that most likely won't pass on your full donation to whomever needs it, why not sign up as a patron over at our Patreon account for all the bonus content and extra podcasts! https://www.patreon.com/RealNewsAustralia PayPal donations can be made me here at RealNewsAustralia.com to help pay for costs associated with bringing you this show if you don't want any extra bonus content for your support. As always make sure you subscribe and give us a 5 star rating on iTunes with a nice little review to help us out! Please consider sharing on social media to ensure we reach a bigger audience! We're relying on YOU! Links: https://www.patreon.com/RealNewsAustralia - Join Today! BUY ME A COFFEE! https://www.buymeacoffee.com/GeneralMaddox/membership http://paypal.me/LeeMaddox79- Support today! https://www.bis.org/review/r210806a.htm https://tottnews.com/2023/03/12/truth-about-inflation/ https://tottnews.com/2023/03/08/reserve-bank-australia-cbdc/ https://tottnews.com/2023/01/12/australian-banks-closing/ What the Media Won't Tell You About the Silicon Valley Bank Collapse - https://youtu.be/_jWHsPgGT_4
#bitcoin (09-03-2023) On todays show we look at the latest Bitcoin news making the headlines as well as hear from a huge personality in the space with his views on why Bitcoin… and also his thoughts on the upcoming Central Bank Digital Currencies (CBDC's) and if they will gain any sort of traction around the world. MY VIEWS ARE MY OWN AND I MAKE NO PREDICTIONS SO DO YOUR OWN RESEARCH BEFORE INVESTING ANYTHING... & ONLY INVEST WHAT YOU CAN AFFORD TO LOSE! Mondays Show: https://www.youtube.com/watch?v=rlxdcVT312o All UK Bitcoin Master Links: https://linktr.ee/ukbitcoinmaster When taking a consultation The UK Bitcoin Master DOES NOT talk Trading, TA, Mining, or Alt Coins!
Audio-Podcast – OrionX.net: Deep Insight, Market Execution, Customer Engagement
The crypto winter arrived but a lot continues to happen in the cryptocurrency industry. Stephen and Shahin cover the current state of things, from some of the causes of significant failures, to Bitcoin's recent rise, new developments in Central Bank Digital Currencies (CBDC), and self-sovereign identity (SSI) and Soul-Bound Tokens (SBT). [audio mp3="https://orionx.net/wp-content/uploads/2023/02/OXD020_Crypto-Winter_CBDC_SBT_20230213.mp3"][/audio] The post OrionX Download Podcast: Crypto Winter, SBT, CBDC appeared first on OrionX.net.
Is inflation here to stay? Is the government setting us up to 'gladly' receive regulations and restrictions when it comes the looming and inevitable Central Bank Digital Currency or CBDC? Listen in as Jason engages in one of his more 'heretical' conversations with Joe Brown of Heresy Financial as he gives you his truth about the coming CBDC and how there might be a light at the end of the proverbial tunnel. And very important, follow his recommendation: accumulate NON-DIGITAL assets especially real estate! And don't forget to secure your ticket NOW to the Empowered Investor LIVE event happening on January 27 to 29 in beautiful Scottsdale, Arizona! Join a community of investors and third party vendors as well as Jason's team of specialists as they help you navigate, grow and succeed with the world's most profitable asset, income property! Key Takeaways: Jason's editorial 1:27 Get your tickets NOW to Empowered Investor LIVE and meet today's guest Joe Brown of Heresy Financial 2:05 Housing inventory; wait till next year so the seasonality won't affect us so much 4:01 Some good news on Inflation Joe Brown interview 5:12 Joe, is inflation here to stay? 6:11 The contrarian mindset and easy money causing massive inflation 7:39 Deflation and the change in the broad money supply 9:51 When did inflation hit after the broad money supply change? 12:08 A massive shortage of the entry level home asset 14:05 We need to distinguish between assets and goods and services 16:28 The coming Central Bank Digital Currencies (CBDC) 19:22 A possible light at the end of the proverbial tunnel 21:51 When central planners adjust supply and demand 22:41 The "regulatory rollercoaster to tyranny" 23:18 Setting the stage for the CBDC 25:08 Why the CBDC is doomed to fail 27:24 Doing just enough for the people to be apathetic 29:03 Action steps in preparation for the looming digital currency issues 30:30 Investing in farm lands and the farmers of Weimar, Germany Quotables: "If there is ever a ONE WORLD CURRENCY, that is checkmate against the human race." - Jason Hartman "People will be more than happy to accept the handcuffs because it looks like a handout." Joe Brown Follow Jason on TWITTER, INSTAGRAM & LINKEDIN Twitter.com/JasonHartmanROI Instagram.com/jasonhartman1/ Linkedin.com/in/jasonhartmaninvestor/ Call our Investment Counselors at: 1-800-HARTMAN (US) or visit: https://www.jasonhartman.com/ Free Class: Easily get up to $250,000 in funding for real estate, business or anything else: http://JasonHartman.com/Fund CYA Protect Your Assets, Save Taxes & Estate Planning: http://JasonHartman.com/Protect Get wholesale real estate deals for investment or build a great business – Free Course: https://www.jasonhartman.com/deals Special Offer from Ron LeGrand: https://JasonHartman.com/Ron Free Mini-Book on Pandemic Investing: https://www.PandemicInvesting.com
Central Bank Digital Currencies (CBDC) are the subject of global debate. While proponents see CBDC as a new tool to promote financial stability and inclusion, critics point out that the Federal Reserve would acquire vast new powers to potentially implement a comprehensive government social credit system. In theory, CBDC could be programmed to be used for only designated purposes, on specific items or at particular merchants. To stimulate the economy, CBDC could be programmed to expire in a certain limited time or deposited directly into certain individual’s bank accounts. These concerns about the risks posed by CBDC have been foreshadowed by the actions of American banks and payment processors to refuse to serve certain individuals, non-profit organizations, or merchants. Actions by foreign governments illustrate the potential danger of comprehensive government control over personal financial transactions. China has banned cryptocurrencies and developed its own CBDC, which will enable the Chinese government to monitor and control personal transactions and behavior. In Canada, the government froze the bank accounts and cryptocurrency wallets of anti-vaccine mandate protestors and those who had made donations to support them. If the U.S. were to adopt a CBDC, how can the privacy and financial freedom of Americans be protected? Furthermore, how can the U.S. avoid some of the troubling trends seen in other countries and the troubling potential expansion of administrative power as it weighs the issue ofCBDCs?Featuring:Hon. Randal Quarles, Chairman & Co-Founder, The Cynosure Group; Former Vice Chair, Federal Reserve; Former Chair, Financial Stability BoardProf. Steven L. Schwarcz, Stanley A. Star Distinguished Professor of Law & Business, Duke University Law SchoolProf. Todd Zywicki, George Mason University Foundation Professor of Law, George Mason University Antonin Scalia School of Law; Former Chair, Consumer Financial Protection Bureau Taskforce on Federal Consumer Financial LawModerator: Hon. Joan Larsen, U.S. Court of Appeals, Sixth Circuit
There's a series of reactions "normies" have when they learn about Central Bank Digital Currencies (CBDC). First, there is curiosity, especially among those who have dabbled with cryptocurrencies. After all, one of the biggest drawbacks of cryptocurrencies is their adoption; you just can't buy very many things with them unless you jump through a bunch of hoops.The next reaction is hope. If CBDCs are automatically drawn or deposited from your accounts, it makes transactions seem easier. It's like a credit card, right, just more digital. The powers-that-be are saying they're secure. Corporate media is playing them up as a real convenience. Who wants to hand out filthy cash back and forth between strangers at the convenience store?As this stage, the evolving reactions to CBDCs diverge. Many "normies" forget all about them and go about their business. Some start to get that hint of concern in the backs of their minds, especially if they're politically conservative. What sort of controls will government have over us as a result of CBDC adoption? Will they know everything we buy and sell? Will those records be easily accessible to others? Could they shut us down if we get out of line like the truckers in Canada?My audience almost certainly bypassed stage one and two and went straight to skepticism the first time they heard about CBDCs. Yes, they mean more control over our money from government. Yes, they mean our financial privacy will be non-existent. And yes, the government can shut us down if we get out of line. But it's actually even worse than all that.An interesting Substack hit my feed that details much of the current situation regarding CBDCs and why we should be very concerned. I would go so far as to say we should be much more than concerned. We should fight this with the same fervor that we'd fight off a pack of wolves trying to eat our families. CBDCs represent an existential threat to our way of life. This isn't just about freedom or privacy. This is about losing our abilities to fight against tyranny. It's a half-notch below gun confiscations as far as detrimental effects on our future. Just as taking away the 2nd Amendment would remove our ability to dissuade the rise of tyranny, so too would widespread CBDC adoption remove our ability to operate outside of the government-prescribed system.According to Kanekoa on Substack: https://kanekoa.substack.com/p/central-bank-digital-currencies-are
The Mainstream Media's job is to divert the general public away from the real events that impact their lives and shift their focus onto a neverending stream of unimportant distractions designed to keep them unaware of the creeping authoritarian Police State that is being built up around them. Clint Russell managed money for many years and understands how the Globalists are using some very sophisticated language and tactics to shift the public into a disastrous system of global carbon taxes, Central Bank Digital Currencies (CBDC), and ESG scores as a way of shaping behavior while getting insanely rich in the process. Will society figure out that the Green New Deal is a scam of epic proportions in time, or will BlackRock and the World Economic Forum remake society in their image and force the people to live in pods and eat ze bugs? Time is running out. Sponsors: Emergency Preparedness Food: www.preparewithmacroaggressions.com Chemical Free Body: https://www.chemicalfreebody.com and use promo code: MACRO C60 Purple Power: https://c60purplepower.com/ Promo Code: MACRO Wise Wolf Gold & Silver: www.Macroaggressions.gold True Hemp Science: https://truehempscience.com/ Haelan: https://haelan951.com/pages/macro Free 10 Day Trial @ Ickonic: https://www.ickonic.com/affiliate/charlie-robinson Coin Bit App: https://coinbitsapp.com/?ref=0SPP0gjuI68PjGU89wUv Macroaggressions Merch Store: https://www.teepublic.com/stores/macroaggressions?ref_id=22530 LinkTree: linktr.ee/macroaggressions Books: HYPOCRAZY: https://amzn.to/3AFhfg2 Controlled Demolition on Amazon: https://www.amazon.com/dp/B08M21XKJ5 Purchase "The Octopus Of Global Control" Amazon: https://amzn.to/3aEFFcr Barnes & Noble: https://bit.ly/39vdKeQ Online Connection: Link Tree: https://linktr.ee/Macroaggressions Instagram: https://www.instagram.com/macroaggressions_podcast/ Discord Link: https://discord.gg/4mGzmcFexg Website: www.theoctopusofglobalcontrol.com Facebook: www.facebook.com/theoctopusofglobalcontrol Twitter: www.twitter.com/macroaggressio3 Twitter Handle: @macroaggressio3 YouTube: www.youtube.com/channel/UCn3GlVLKZtTkhLJkiuG7a-Q Apple Podcasts: https://apple.co/2LjTwu5 Clint Russell's Links: Liberty Lockdown Podcast: https://apple.co/3bkpsii
Adam O'Brien is a bitcoin entrepreneur and the CEO of Bitcoin Well, the first publicly traded bitcoin company in the world that allows customers to self-custody their bitcoin. Bitcoin Well also operates over 250+ bitcoin ATM's across Canada.Adam's startup story is very inspiring. He bootstrapped his company from one bitcoin ATM in Edmonton, to over 250 ATM's across the country, listing his company on the TSX, and doing ~$100M in annual revenue.Apart from learning about his incredible business, and what it takes to operate a publicly traded bitcoin company, we also touched on several important macroeconomic topics in this episode, including:- The position of bitcoin in today's rollercoaster economy- How over-reaching governments help bitcoin- The importance of self-custody wallets- Handling banks and regulations with a bitcoin company- The emergence of Central Bank Digital Currencies (CBDC) around the world, and how that impacts bitcoin- Best place in the world to be for bitcoin investors and entrepreneursThis was a very insightful chat that encompasses a wide-range of important topics. I encourage anyone to listen to this episode, whether you're into bitcoin or not. Enjoy!Check out Bitcoin Well: https://bitcoinwell.com/Follow Adam on Twitter: https://twitter.com/adamobrien_
Is cryptocurrency a gamble or an investment? Can it truly be an enabler of financial inclusion? Recently, Charlie Scharf, CEO of Wells Fargo, remarked that "crypto can be worth something as long as someone believes it's worth something." From cryptocurrencies to stablecoins to Central Bank Digital Currencies (CBDC), what is the next version of capital markets and what does the future hold? In this episode of One Vision, Theo and Arun chat with Richard Turrin about the aftermath of the Terra Luna crash, the ripple effect for decentralized finance, regulatory differences between regions, and potential path forward.
Is cryptocurrency a gamble or an investment? Can it truly be an enabler of financial inclusion? Recently, Charlie Scharf, CEO of Wells Fargo, remarked that "crypto can be worth something as long as someone believes it's worth something." From cryptocurrencies to stablecoins to Central Bank Digital Currencies (CBDC), what is the next version of capital markets and what does the future hold? In this episode of One Vision, Theo and Arun chat with Richard Turrin about the aftermath of the Terra Luna crash, the ripple effect for decentralized finance, regulatory differences between regions, and potential path forward. See acast.com/privacy for privacy and opt-out information.
Central Bank Digital Currencies (CBDC) are the subject of a global debate. In one version, individuals and businesses would hold deposits directly with the central bank. Critics point out that the Federal Reserve would then control how these deposits are used, allocating credit to private-sector borrowers and to government spending, arguing that CBDCs would eviscerate the private banking industry and create government surveillance of all financial transactions in the accounts. An alternate version is that CBDCs take the form of a tokenized dollars, distributed through the banking system and operating in parallel with paper currency and bank accounts. Supporters say this could yield lower transaction costs and more rapid settlement of payments, and could strengthen the international role of the U.S. dollar. Featuring:Bert Ely, Principal, Ely & Company, Inc.Chris Giancarlo, Senior Counsel, Willkie Digital Works LLP; Former Chairman, US Commodity Futures Trading CommissionGreg Baer, President & Chief Executive Officer, Bank Policy InstituteModerator: Alex J. Pollock, Senior Fellow, the Mises InstituteRelated:The Government’s Arms Around Cryptocurrency: Hug or Stranglehold? ---To register, click the link above.
Cyberpolitik: Invasion and Infektion— Prateek WaghreIn a recent edition of The Information Ecologist, I had referred to the activity around the IStandWithRussia and IStandWithPutin hashtags that seemed to include a number of accounts associated with India.The second India subplot is the presence of seemingly India-associated accounts in Twitter trends such as ‘IStandWithRussia’ and ‘IStandwithPutin’. See this thread by @NovelSci and these threads by (1,2) by @MarcOwenJones.Since then, we’ve had more investigations looking into this aspect. A DFR Lab investigation observed [Jean Le Roux - DFRLab]:The Top 12 most retweeted tweets belonged to accounts with low follower counts. Despite this, they seemed to gain very few followers. In some cases, accounts started sharing some of these tweets within minutes of their creation (an example in Jean Le Roux’s post references an account that shared 3 of the top 12 tweets within 2 minutes of being created) even though they didn’t follow any of these accounts. If you head over to the post and look at the collage of these tweets, many of the handles appear to have ‘Indian-sounding’ names.“A large portion of the sampled accounts appeared to originate in India”. How? (one should bear in mind that OSINT analysis often requires making a lot of educated guesses)Language cues, tweets about local sports and politics, early follows (likely region-based suggestions), and the time zone in which the accounts were most active all pointed towards India as the origin of many of the accounts in the network.And that a “large proportion” of the accounts were created this year, and Feb 24th and Mar 2nd were the dates on which the most accounts were created. Let’s revisit the ‘appeared to originate in India’ aspect.While Marc Owen Jones’ sample of 20000 tweets referenced India as a frequently appearing user-reported location (though, in that sample, it wasn’t right on top), he cautions that just because a location is reported does not mean it is accurate. Last week, the New York Times published an investigation based on data from Marc Owen Jones (I assume more data was collected since the article mentions a 2-week period) [Kate Conger, Suhasini Raj - NYTimes]. (emphasis added, I also wish there were fewer blues, it was hard to differentiate between the other countries)Users who said they were from India made up nearly 11 percent of the hashtag trend in the two weeks after the invasion. Just 0.3 percent were from Russia and 1.6 percent from the United States during that time.Around the time Technopolitik 21 went out, Carl Miller posted a network map which indicated that many replies/mentions were directed at accounts in India (if you zoom in, you’ll see accounts of some minsters, Indian embassies, opposition figures and media houses). Worth noting that this map appeared to be account-specific and not hashtag-specific. Aside 1: One of the network maps on Jean Le Roux’s post did mention Indian and Russian diplomatic accounts (image link).About 10 days later, Carl Miller posted a map that sub-categorised them based on language clusters, followed by a white paper on March 25th.Aside 2: If you’re wondering why I was sketching out a timeline, it is because there was a minor subplot developing. Both the tweets I’ve included here reference an information operation. However, researchers like Shelby Grossman (tweet) and Emerson Brooking (replies) pointed out that they provide no evidence of a coordinated information operation.The white paper, when it came out, didn’t call it a single information operation, either. However, it did make for an interesting analysis. It also highlighted that the information ecosystem is a couple of degrees more complex than we assume and that the way we answer questions like ‘who is winning the information war?’ are influenced heavily by who is asking and what part of it they’re looking at (like the parable about the visually challenged people and the elephant).While I can’t speak authoritatively about the research methodology and the clustering of accounts based on linguistic similarities, I’ve included an image with some of my notes from the white paper. Two dates pop up frequently, 24th February (the day the invasion began) and 2nd March (the date of the UN General Assembly vote and ultimately a resolution which “demand[ed] that Russia ‘immediately, completely and unconditionally withdraw all of its military forces from the territory of Ukraine within its internationally recognized borders.’” [UN.org])Here’s what the white paper said about the mixed Hindi/English cluster.We also observe that Russia-related message decreases sharply after the UN vote, but overall volumes of messaging does not. Our speculation is that many of the RED accounts are members of a ‘paid to engage’ spam network that can be rented to supply amplification to a number of different clients, and has over our time of study been used to amplify BJP politics, a commercial cinema release and also the invasion of Ukraine.This is not surprising. It still doesn’t answer the question of who paid, of course, which would require a tremendous amount of investigative work to establish a clear money trail.Do friends target friends with information operations?While we may never find who paid for the Indian-language clusters’ amplification of pro-invasion messaging, it is worth taking a queue from Mike Caulfied’s tweet thread and looking at history.Chapter 22 of Thomas Rid’s Active Measures references a Soviet Active Measure trying to create the narrative that AIDS was a bio-weapon created by the US (that should sound familiar for many reasons) that had an Indian connection. As per the source material he cites, it was, at some point, code-named Operation INFEKTION by the HVA (the foreign intelligence branch of East Germany’s Ministry for State Security).“AIDS may invade India: mystery disease caused by U.S. lab experiments.” So read the sensational first-page headline in Patriot, an Indian newspaper, on July 16, 1983. Patriot, under a picture of five smiling girls, printed an anonymous letter from a “well-known American scientist and anthropologist.” There was no name in the byline, only “New York.”The Patriot letter was a masterfully executed disinformation operation: comprising about 20 percent forgery and 80 percent fact, truth and lies woven together, it was an eloquent, well-researched piece that gently led the reader, through convincing detail, to his or her own conclusion.He points out that The Patriot had been funded by the Soviet Union, when it opened in 1962, “for the explicit purpose of circulating Soviet-friendly stories and publishing disinformation”. And while the article did not seem to have any direct impact (Rid notes that neither was it picked up in India, nor was it noticed in Europe and the US), it did play a role later:In KGB's efforts to further a narrative in coordination with partners code-named Denver (in 1985).The point of departure of the planned active measures campaign, as the KGB told its Soviet bloc partners, was the “factual” article published in Patriot. The KGB then instructed its partners to help spread the theory that AIDS was U.S.-made to “party, parliamentary, social-political, and journalistic circles in Western countries and the developing world.” The “facts” published in the Indian press offered the blueprintIn October 1985 - it was attributed as a source in another article that, as per Rid, would prove to be consequential in the future.On October 30, Literaturnaya Gazeta ran the headline “Panic in the West: or, What Is Hiding Behind the Sensation Surrounding AIDS.”23 The paper was the KGB’s “prime conduit in the Soviet press for propaganda and disinformation,” according to Oleg Kalugin. The piece that relaunched the DENVER campaign closely mirrored the earlier measure in the Indian press. Its author, Vitaly Zapevalov, accurately cited details about the new disease and its spread in American cities over the past two years, basing his analysis on authoritative U.S. news reports.“Why,” he asked ominously, would AIDS “appear in the USA and start spreading above all in towns along the East Coast?” Next, the Gazeta piece outlined several covert American biological warfare programs, again based on verifiable public sources. Zapevalov also cited accurate details about Fort Detrick. The author then referred to the two-year-old Patriot forgery to connect the dots. “All of this information, taken together with the AIDS mystery, leads to serious considerations. The solid newspaper Patriot, published in India, for instance, openly expressed an assumption that AIDS is the result of similar inhuman Washington experiments.”I’ve just quoted specific sections here, I recommend reading the complete chapter (and perhaps the whole book).So, do friends target friends with information operations? As my colleagues Nitin Pai and Pranay Kotasthane will tell you - there are no friends in international relations, only interests.Antariksh Matters: Russia, Ukraine & Space Entanglement— Aditya RamanathanRussia’s war with Ukraine is testing a key feature of any state’s military space strategy: entanglement. Entanglement or intertwining is the act of relying on domestic or foreign civilian space assets to conduct military operations. Days after the war broke out, Ukraine pleaded with commercial satellite operators to share their imagery, especially those from synthetic aperture radars (SAR). In a letter later made public, Ukraine’s minister for digital transformation, Mykhailo Fedorov, wrote that his country “badly needed the opportunity to watch the movement of Russian troops, especially at night”. The minister’s letter made four specific requests:“Provide high-resolution satellite imagery in the real time to Armed Forces of Ukraine; Provide data from synthetic aperture radar, or SAR, satellites in the [sic] real time to Armed Forces of Ukraine; Cooperate with EOS Data Analytics and Max Polyakov as our representative for data processing and analytics; Stop other types of activities that may support military operations of Russian and Belarus government.” According to later reporting by The Washington Post, five private companies have already begun sharing such data.A more stark example of entanglement comes from SpaceX’s Starlink satellite internet constellation. Following a tweet from Fedorov, SpaceX’s Elon Musk made arrangements for Starlink to go live in Ukraine and began supplying the country with thousands of antennas. It has since emerged that Ukrainian forces are using Starlink to facilitate communications and coordinate attacks against Russian forces. As The Telegraph of London reported: “Drone teams in the field, sometimes in badly connected rural areas, are able to use Starlink to connect them to targeters and intelligence on their battlefield database. They can direct the drones to drop anti-tank munitions, sometimes flying up silently to Russian forces at night as they sleep in their vehicles.”For Russia, Starlink embodies the dilemmas of entanglement. If this civilian satellite-based communication system is being used for military purposes, does it become a legitimate target? After all, it’s reasonable to argue that, in this case, Ukrainian forces have failed to separate themselves from civilian infrastructure. There are, of course, practical reasons for Russia not to target Starlink. It is obviously not going to use kinetic weapons such as ASAT missiles against a US-owned target. Even lower-order options like cyber capabilities may either not be feasible, may take weeks or months to develop, or contain escalatory potential that Russia seeks to avoid. For the moment at least, Russia is apparently limiting itself to jamming Starlink signals where possible. In the years to come, other states may face Russia’s entanglement dilemma, perhaps in starker form. If the Russia-Ukraine war sets a precedent of impunity - essentially leaving space alone as some sort of ‘sanctuary’ - it could encourage other spacefaring states to deepen their own entanglements and share those capabilities with other states at war. If you enjoy the contents of this newsletter, please consider signing up for Takshashila’s Graduate Certificate in Public Policy(GCPP) Programmes.Click here to know moreMatsyanyaaya: Can Crafty Fintech help De-Dollarise— Aditya PareekUnprecedented sanctions, restrictions and export controls are inflicting enormous costs on Russia’s economy in the wake of the ongoing conflict. As many large Russian banks have been cut off from SWIFT and conducting business in the US dollar, there is a lot of buzz around the prospects of a new de-Dollarising nexus emerging between Russia and China. In a recent research note, Anupam Manur and I explored the question if Central Bank Digital Currencies(CBDC)s can help them circumvent and cushion the blow of US sanctions.Russia and China have both sought to ban and discourage the use and mining of private cryptocurrencies, citing both financial stability and security concerns. The two have instead chosen to adopt blockchain technologies for their central bank-issued-and-regulated digital currencies. These Central Bank Digital Currencies (CBDC)s have no inherent advantage compared to electronically transferred denominated sums in paper fiat currency counterparts as far as international trade is concerned. As a tool to circumvent sanctions, CBDCs could be theoretically effective in avoiding the US banking system. However,the willingness of another party to accept the CBDC may not always be certain. The value of a currency,whether it be digital or paper,comes from it being widely accepted, which is an uncertain variable at this juncture.Furthermore, holding CBDCs issued by an isolated and sanctioned nation may not be a desirable prospect. The pariah status of the sanctioned states limits the holder of the CBDC to only conducting transactions with either the issuing states or a small number of other states who might also accept it. Depending on the international political environment, the holders and accommodators of the pariah nation’s CBDCs could also be at the receiving end of secondary sanctions by the international community, further reducing their desirability. The exchange rate volatility and other associated risks will still apply to Russian and Chinese or any other CBDCs, thus, they make little sense in revolutionising the paradigm of international trade in their current form. The CBDCs could be used to settle a limited set of transactions, for instance,India’s defence deals with Russia, which are not a regular day on day or month on month feature.Furthermore, even if fintech solutions and alternatives exist to some problems, cooperation between Russia and China has always been lopsided, benefiting China above and beyond.A clear example of this lopsided cooperation is the adoption rate of China’s payments messaging service Cross Border Interbank Payments System (CIPS),to which over 23 Russian banks have subscribed. Meanwhile, only one Chinese bank has signed up for Russia’s equivalent System for Transfer of Financial Messages (SPFS). China is also likely to insist on conducting the transactions and any financing predominantly in the Yuan, as a key strategic goal for China is to make Renminbi a reserve currency alongside the US Dollar.To know more about how a de-dollarising nexus between Russia and China may be a mirage, check out the full text of the research note here.Our Reading Menu[Report] Secure World Foundation’s Annual Global Counterspace Capabilities Report[Report] CSIS’s Space Threat Assessment 2022 report[Report] Arms control in outer space: Status, timeline, and analysis By Jessica West and Lauren Vyse[Opinion] Charting a course for India’s Arctic engagement by Aditya Pareek and Ruturaj Gowaikar who are also contributors to this newsletter This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit hightechir.substack.com
In this week's Lions of Liberty, Marc welcomes in his friend Scott who he met last December at the Sayulita Superspreader event, put on by our friend Johnny Profita of the Peddling Fiction podcast. Scott details how he decided to quit his current job in response to a pending vaccine mandate and put his resources further towards mining cryptocurrencies, which had previously been more of a hobby. Scott and Marc discuss the pending Central Bank Digital Currencies (CBDC's) and why Scott sees privacy coins like PirateChain and Monero as a necessary tool in the fight against censorship. If you've ever considered mining cryptocurrency, this episode is a fantastic primer! ROAR! Get access to all of our bonus audio content, livestreams, behind-the-scenes segments and more for as little as $5 per month by joining the Lions of Liberty Pride on Patreon OR support us on Locals! Patrons also get 20% off all merchandise at the Lions of Liberty Store, including our hot-off-the-press Hands Up Don't Nuke! T-Shirt! Get 25% off your selection of the AMAZING CBD products over at PalomaVerdeCBD.com and use discount code "ROAR" at checkout! Check out the other Lions-hosted podcasts: Second Print Comics podcast with Marc Clair and Remso Martinez The BOHRing podcast with Brian, Odie, Howie and Rico.
In this week's Lions of Liberty, Marc welcomes in his friend Scott who he met last December at the Sayulita Superspreader event, put on by our friend Johnny Profita of the Peddling Fiction podcast. Scott details how he decided to quit his current job in response to a pending vaccine mandate and put his resources further towards mining cryptocurrencies, which had previously been more of a hobby. Scott and Marc discuss the pending Central Bank Digital Currencies (CBDC's) and why Scott sees privacy coins like PirateChain and Monero as a necessary tool in the fight against censorship. If you've ever considered mining cryptocurrency, this episode is a fantastic primer! ROAR!
In this week's Lions of Liberty, Marc welcomes in his friend Scott who he met last December at the Sayulita Superspreader event, put on by our friend Johnny Profita of the Peddling Fiction podcast. Scott details how he decided to quit his current job in response to a pending vaccine mandate and put his resources further towards mining cryptocurrencies, which had previously been more of a hobby. Scott and Marc discuss the pending Central Bank Digital Currencies (CBDC's) and why Scott sees privacy coins like PirateChain and Monero as a necessary tool in the fight against censorship. If you've ever considered mining cryptocurrency, this episode is a fantastic primer! ROAR! Get access to all of our bonus audio content, livestreams, behind-the-scenes segments and more for as little as $5 per month by joining the Lions of Liberty Pride on Patreon OR support us on Locals! Patrons also get 20% off all merchandise at the Lions of Liberty Store, including our hot-off-the-press Hands Up Don't Nuke! T-Shirt! Get 25% off your selection of the AMAZING CBD products over at PalomaVerdeCBD.com and use discount code "ROAR" at checkout! Check out the other Lions-hosted podcasts: Second Print Comics podcast with Marc Clair and Remso Martinez The BOHRing podcast with Brian, Odie, Howie and Rico. Learn more about your ad choices. Visit megaphone.fm/adchoices
Kelly and Matt are joined by an old buddy, and the three of them talk about Kyle Rittenhouse (I know, it's the gift that keeps on giving, which incidentally is why we have Kyle Rittenhouse wrapping paper on our website), the coming of Central Bank Digital Currencies (CBDC), and we take some time talking about all the benefits of a warming planet.
More and more countries around the globe are exploring the option to introduce Central Bank Digital Currencies (CBDC) as an alternative legal tender. In this live stream, we will explore and discuss the pros and cons of this new form of money. We will analyze it from the perspective of all three market participants: A) The Government/Central Bank B) The Merchants & Vendors C) The End-Consumer I appreciate it if you consider joining me: Connect with me on: LinkedIn: Simon Küpper Twitter: @kueppersimon Website https://www.simonkuepper.com
On this week's Lions of Liberty, Marc welcomes in cryptocurrency developer and the founder of LOTUS, Tobias Ruck! Marc and Tobias first over some drinks and an exchange of some LOTUS at the Sayulita Superspreader in Sayulita, Mexico this past December. Marc and Tobias discussing the coming Central Bank Digital Currencies (CBDC's) - blockchain-based currencies that are on the verge of being introduced by Central Banks around the world. They discuss the flans in the "HODL" ideology promoted by many in the Bitcoin world, and why we will need to create true parallel exchange systems in order to survive outside the system of the coming CBDC's. Get access to all of our bonus audio content, livestreams, behind-the-scenes segments and more for as little as $5 per month by joining the Lions of Liberty Pride on Patreon OR support us on Locals! Patrons also get 20% off all merchandise at the Lions of Liberty Store, including our hot-off-the-press Hands Up Don't Nuke! T-Shirt! Get 25% off your selection of the AMAZING CBD products over at PalomaVerdeCBD.com and use discount code "ROAR" at checkout! Check out the other Lions-hosted podcasts: Second Print Comics podcast with Marc Clair and Remso Martinez The BOHRing podcast with Brian, Odie, Howie and Rico.
On this week's Lions of Liberty, Marc welcomes in cryptocurrency developer and the founder of LOTUS, Tobias Ruck! Marc and Tobias first over some drinks and an exchange of some LOTUS at the Sayulita Superspreader in Sayulita, Mexico this past December. Marc and Tobias discussing the coming Central Bank Digital Currencies (CBDC's) - blockchain-based currencies that are on the verge of being introduced by Central Banks around the world. They discuss the flans in the "HODL" ideology promoted by many in the Bitcoin world, and why we will need to create true parallel exchange systems in order to survive outside the system of the coming CBDC's. Get access to all of our bonus audio content, livestreams, behind-the-scenes segments and more for as little as $5 per month by joining the Lions of Liberty Pride on Patreon OR support us on Locals! Patrons also get 20% off all merchandise at the Lions of Liberty Store, including our hot-off-the-press Hands Up Don't Nuke! T-Shirt! Get 25% off your selection of the AMAZING CBD products over at PalomaVerdeCBD.com and use discount code "ROAR" at checkout! Check out the other Lions-hosted podcasts: Second Print Comics podcast with Marc Clair and Remso Martinez The BOHRing podcast with Brian, Odie, Howie and Rico.
On this week's Lions of Liberty, Marc welcomes in cryptocurrency developer and the founder of LOTUS, Tobias Ruck! Marc and Tobias first over some drinks and an exchange of some LOTUS at the Sayulita Superspreader in Sayulita, Mexico this past December. Marc and Tobias discussing the coming Central Bank Digital Currencies (CBDC's) - blockchain-based currencies that are on the verge of being introduced by Central Banks around the world. They discuss the flans in the "HODL" ideology promoted by many in the Bitcoin world, and why we will need to create true parallel exchange systems in order to survive outside the system of the coming CBDC's. Get access to all of our bonus audio content, livestreams, behind-the-scenes segments and more for as little as $5 per month by joining the Lions of Liberty Pride on Patreon OR support us on Locals! Patrons also get 20% off all merchandise at the Lions of Liberty Store, including our hot-off-the-press Hands Up Don't Nuke! T-Shirt! Get 25% off your selection of the AMAZING CBD products over at PalomaVerdeCBD.com and use discount code "ROAR" at checkout! Check out the other Lions-hosted podcasts: Second Print Comics podcast with Marc Clair and Remso Martinez The BOHRing podcast with Brian, Odie, Howie and Rico. Learn more about your ad choices. Visit megaphone.fm/adchoices
Today on the DIVI Crypto Podcast we interview Christian Kameir of Sustany Capital. Central Bank Digital Currencies (CBDC) is one of the biggest news items in crypto. The idea is that the new technology will make cryptos obsolete for the majority of people, as it uses central banks to issue currency. It's supposed to be safe, secure, stable, and provide reliability people expect from the banking industry. There is also the ideas to “bank the unbanked,” and allow for cross-border payments. Upon reading many of the white papers, it can be noted that these are highly focused on research. Many have noted that if payments can be instant via crypto, then why would there be a need for middlemen. The more middlemen involved, the more expensive the transactions become. Policies that they have then resulted in additional delays. Every time there are headlines about regulating block chain, stable coins, etc, it becomes mainly propaganda. They are regulated by their coding. Governments don't regulate technology, but the behavior of people inside their jurisdictions. Instead of phrasing it like we'll protect investors, but limit what citizens can do with this technology, and the responses to the regulations are different. Many CBDC papers have references to stable coins. However, in various hearings, there is little to no discussions upon how regulation entities don't get to regulate technology. The question becomes: “Do you want to regulate the behavior of people to where they can't partake in new technologies, and decide for themselves as to if they wish to participate?” Many dollar transactions are in digital form, as opposed to the moving of physical dollars. Dollars are in databases tied to the banking industry, with the licenses to do so. Cryptos aren't tethered to a database, and sub-servant to financial licenses. Thus, the main difference is the bytes of data that are controlled by databases, or bytes controlled by universal computers that everyone has free access to, and can freely engage with at will. One of the problems with regulations becomes the loss of purchasing power: more middlemen equals more fees, so that the costs to buy are increased. Another issue becomes surveillance. Within our expertise, we've approached by NGOs for our expertise in supporting people who live under authoritarian regimes. They help dissidents being processed by their governments by transferring value and information. If technology can be used by such a government to persecute dissidents, not only should they not use it, but no one should use it. When this surveillance is built into digital value exchange systems, one is actively harming and endangering the people of the world. http://sustany.vc http://kameir.com
Marcus Hughes, Head of Strategic Business Development at Bottomline, talks about all things we need to know about Central Bank Digital Currencies (CBDC's). In this part 1/2, learn about CBDC's, their risks, how they differ from other digital currencies, and much more.
In this episode, our guest is the incredible Richard Turrin, who helps demystify the concept of Central Bank Digital Currencies (CBDC). Based out of China, Richard has a ringside seat on how China is transforming into a cashless society - a theme picked up in his latest book Cashless. He talks us through what a CBDC is and why he believes they are the future.
It appears that there is a great deal of talk around Central Bank Digital Currencies (CBDC) from Australia to Russia, will this mean a death blow for crypto or a massive awareness campaign? Australia is also looking at regulation and NOT offering ANY tax breaks for renewable energy minging. This comes as no shock at all to this Australian. In fact, there is more likelihood of grants if we were to burn coal, that's the way our government works these days. Finally, FTX works with the Golden State Warriors on NFT's and more. Get all you need in the news in this show. See acast.com/privacy for privacy and opt-out information.
Namens Holland Gold interviewen Paul Buitink en Joris Beemsterboer verschillende economen en experts op macro-economisch gebied. Het doel van de podcast is om de kijker een beter beeld en houvast te bieden in een steeds sneller veranderend macro-economisch en monetair landschap. Onderwerpen die in onze podcasts aan bod zullen komen zijn: - de rol van goud in ons monetaire systeem; - Bitcoin en de innovaties in de crypto wereld; - Central Bank Digital Currencies (CBDC oa Digitale Euro en Digitale Dollar) - Bescherming van uw vermogen en van uw inkomen (oa pensioenen & inflatie) - Overige relevante ontwikkelingen op macro-economisch gebied. Vandaag is Sander Boon te gast bij onze Holland Gold Interviews podcast. Sander Boon is politicoloog, mede oprichter van Geotrendlines en co-auteur van het boek ‘Van Goud tot Bitcoin'. De afgelopen jaren heeft Sander zich onder andere verdiept in het off-shore dollar (eurodollar) systeem. Voor velen is dit nog een onbekend fenomeen, terwijl dit wel een grote rol heeft gespeeld bij de opbouw van ons huidige financiële systeem. Vragen als, wat is dit systeem precies, hoe houdbaar is het en hoe kunnen we anticiperen op een mogelijke reset komen aan bod. Ook worden de rol van Bitcoin en goud belicht. Dit en nog vele andere onderwerpen worden besproken in de Holland Gold Interviews podcast. Overweegt u om goud en zilver aan te kopen? Dat kan via de volgende website: https://bit.ly/3xxy4sY Twitter: @Hollandgold @paulbuitink @jorisbeemsterb @Sander_O_Boon Interesse in het boek van Sander Boon, Frank Knopers en Erick Mecking? Via de volgende website krijgt u meer informatie over het boek Van Goud tot Bitcoin! en kunt u zich aanmelden om op de hoogte te blijven: https://vangoudtotbitcoin.geotrendlines.nl Let op: wij van Holland Gold vinden het belangrijk dat iedereen vrijuit kan spreken. Holland Gold wilt u er graag op attenderen dat de uitspraken die worden gedaan door de geïnterviewde niet persé betekenen dat Holland Gold hier ook altijd achter staat. Alle uitspraken zijn gedaan op persoonlijke titel door de geïnterviewde en dragen zo bij tot een breed, kleurrijk en voor de kijker interessant en dynamisch beeld van de onderwerpen, die in onze video's te sprake komen. Zo willen en kunnen wij u een transparante bijdrage en een zo volledig mogelijk inzicht geven in de economische markten en marktontwikkelingen. Al onze video's zijn er enkel op gericht u te informeren. De informatie en data die we presenteren kunnen verouderd zijn bij het bekijken van onze video's. Onze video's zijn geen financieel advies. U alleen kunt bepalen hoe het beste uw vermogen kunt beleggen. U draagt zelf de risico's van uw keuzes. Klik hier voor meer informatie over goud en zilver: https://www.hollandgold.nl
Centrale banken werken al een tijdje aan een nieuwe vorm van geld. Daarmee kan bijvoorbeeld door de bank worden bepaald waaraan je jouw euro wel en niet mag uitgeven en kan het zonder dat jouw toestemming nodig is worden afgeboekt. Of kan centraal worden bepaald dat er een houdbaarheidsdatum aan zit. De mogelijkheden voor politici en bankiers lijken eindeloos, maar wat hebben wij er aan? Wordt er met Central Bank Digital Currencies (CBDC) een probleem opgelost of gecreëerd? Oordeel zelf.Paul Buitink studeerde bedrijfseconomie en organiseerde van 2014 tot 2016 'Reinvent Money' congressen over monetaire innovatie en over Bitcoin. Hij was een van de initiatiefnemers van de depositobank en heeft in Ecuador de opkomst en het mislukken van de eerste centrale bank munt meegemaakt. "Soft money leads to hard times, hard money leads to soft times" tweette hij vlak voor de opnamen. Paul is managing director bij Holland Gold, hij verkoopt goud en zilver.artikel / links: https://potkaars.nl/blog/2021/11/24/wie-heeft-er-eigenlijk-belang-bij-central-bank-digital-currencies-en-wat-is-het-paul-buitink
Coinstack - For Smart Crypto Investors - Bitcoin, Ethereum, DeFi & The Future of Money
In this podcast explain we why Decentralized Finance, or DeFi, is making the old financial system more efficient and secure through code -- while reducing costs and expanding access. We also talk about Ethereum, Binance Smart Chain, Solana, Terra, Polygon, Avalanche, Fantom, Waves, Huobi Eco Chain, Celo, Arbitrum, and Bitcoin. DeFi uses blockchains, smart contracts, price oracles, AMMs, and open source code to allocate and store capital more efficiently and securely than traditional markets. Instead of needing to trust a large institution, decentralized blockchains, validated by thousands of distributed node operators, offer better security and speed than the legacy system, with much of its legal structuring dating back to the 1930s and 1940s and much of its code written in the 1970s and 1980s. Legacy markets are centralized, opaque, and are open less than 35 hours per week. Blockchain-based markets are available continuously, trade 24/7/365, are transparent and interoperable, and their contracts are smart -- built with code instead of words. Filing cabinets and terabytes of Docusign repositories are being replaced by Github, the world's open-source code repository. Even governments are getting on board with China, Europe, the USA, the UK, Nigeria, and many others actively launching blockchain-based Central Bank Digital Currencies (CBDC). Welcome to the era of programmable money. Read more at: https://coinstack.substack.com/p/defi-and-the-future-of-finance-part-7eb
Hi folks, Here's another teaser for the latest Patreon only show. If you like the content and want to hear more plus another 20 episodes PLUS additional podcasts on top of that, then please show your support and head to our patreon page to join. Tonight i'm joined by returning guest, author John Hamer. John discusses his work from his book - Behind the Curtain: A Chilling Exposé of the Banking Industry. We discuss the origin of money, the emergence of the banking industry from the old Goldsmiths and how fractional reserve banking has siphoned the wealth of nations into the banking cartels. We tie it in to what's ahead with digital currencies in the form of Central Bank Digital Currencies (CBDC's) what it means for humanity and how it ties in to the current agenda. https://www.patreon.com/RealNewsAustralia https://www.goodreads.com/book/show/30459727-behind-the-curtain https://www.activistpost.com/2020/10/the-circle-is-complete-bank-of-japan-joins-fed-and-ecb-in-preparing-rollout-of-digital-currency.html https://coingeek.com/reserve-bank-of-australia-announces-cbdc-plans/ Money Masters Doco - https://www.youtube.com/watch?v=cTPopNG6LRM
#bitcoin #cashlesssociety #bitaboutcrypto #davidjames David James (The Job Whisperer) and Dave Hampton (The Robo Recruiter) recap all the happenings in the world of crypto and the influence behind the real reason the government wants to control how you use your money. This week's episode discusses the struggles of just staying in the middle class, Central Bank Digital Currencies (CBDC). The David's also discuss how bitcoin was NOT hacked by the FBI and the government's plan to remove cash from society to control the masses. There's also many other insights and other profound truths in today's episode.
While excellent newsletters on specific themes within public policy already exist, this thought letter is about frameworks, mental models, and key ideas that will hopefully help you think about any public policy problem in imaginative ways. Audio narration by Ad-Auris.Global Policy Watch: A Mint With a Role- RSJThe People’s Bank of China (PBOC) has been trialling a form of digital Yuan for the past year. Last week the trials entered their second phase. (Umm, they seem to have more phases for this than for developing their Covid vaccines).The Wall Street Journal woke up to the digital Yuan (paywalled) last week with this article that starts off like a Marquez novel:“A thousand years ago, when money meant coins, China invented paper currency. Now the Chinese government is minting cash digitally, in a re-imagination of money that could shake a pillar of American power.” What’s not to like an article that begins with hyperbole? But there’s some grain of truth there. Before we go further we need to make sense of sovereign digital currencies or what’s now being called Central Bank Digital Currencies (CBDC). What’s Money?Like we have written in an earlier post, money performs three roles for us: it is a store of value, it is a medium of exchange, and it is a unit of measure. Through it we save for the future, pay for goods and services and measure the value of very different things using a common unit. These roles mean anything that aspires to be a currency (the usable form of money) should have a relatively stable value over time and should be widely acknowledged as a store of value and unit of account among people. If it does so, the network effect takes over after a while and it becomes a widely used currency. Throughout history, a key feature of a sovereign state was its control over the supply and circulation of money that’s used within its boundaries. The royal mints, after all, have been around for more than two thousand years. As modern nation-states emerged through the 19th and 20th centuries and as global trade increased, central banks emerged to manage the monetary system and provide financial stability. There are three forms of money in any modern economy: Banknotes: These are physical paper currency notes issued by the central bank that we all use in our everyday lives. This is a direct promise by the central bank to pay the holder of the note a specified sum of money. This promise is printed on all currency notes.Bank Deposits: Ordinary people and businesses don’t hoard banknotes to conduct their business. They deposit their money in commercial banks. These deposits are stored in electronic form by these banks. The banks offer two services to their customers. They convert these deposits to central bank money in the form of banknotes when you demand it at an ATM and they offer to transfer your money to someone else through a payment system that exists between banks. Unlike banknotes, your deposits aren’t risk-free. They aren’t backed by any sovereign guarantee. A bank will be able to convert your money into banknotes only if it is solvent and it is able to honour its commitments. We have seen instances of a bank failing to do so in India (Yes Bank, PMC etc).Central Bank Reserves (“reserves”): Commercial banks have their own accounts with the central bank where they deposit their funds. These deposits are used by banks to pay each other to settle transactions between them. The reserves are the other form of central bank money apart from banknotes. These are risk-free and therefore used for settlements among commercial banks. Where does CBDC then fit in?Simply put, a CBDC is a digital form of a banknote issued by the central bank. Now you might think we already use a lot of digital money these days. Yes, there’s money we move electronically or digitally between banks, wallets or while using credit/debit cards in today’s world. But that’s only the digital transfer of money within the financial system. There’s no real money moving. The underlying asset is still the central bank money in the form of reserves that’s available in the accounts that commercial banks have with the central bank. This is what gets settled between the commercial banks after the transaction. This is an important distinction. We don’t move central bank money electronically. But CBDC would actually allow ordinary citizens to directly deal with central bank money. It will be an alternative to banknotes. And it will be digital. CBDC: The Time Is NowSo, why are central banks interested in CBDC now? There are multiple reasons. One, cryptocurrency that’s backed by some kind of a stable asset (also called ‘stablecoin’) can be a real threat as an alternative to a sovereign currency. Stablecoins are private money instruments that can be used for transactions like payments with greater efficiency and with better functionality. For instance, the current payment and settlement system for credit cards in most parts of the world has the merchant getting money in their bank accounts 2-3 days after the transaction is done at their shops. A digital currency can do it instantly. For a central bank, there could be no greater threat to its ability to manage the monetary system than a private currency that’s in circulation outside its control.Two, in most countries, there’s an overwhelming dependency on the electronic payment systems for all kinds of transactions. As more business shifts online and electronic payment becomes the default option, this is a serious vulnerability that’s open to hackers and the enemy states to exploit. A CBDC offers an alternative system that’s outside the payment and settlement network among commercial banks. It will improve the resilience of the payment system. Three, central banks need to offer a currency solution for the digital economy that matches any form of digital currency that could be offered by private players. Despite the digitisation of finance and the prevalence of digital wallets in the world today, there’s still significant ‘friction’ in financial transactions all around us. You pay your electricity bill electronically by receiving the bill, then opening an app and paying for it. Not directly from your electric meter in a programmed manner. That’s just an example of friction. There are many other innovations waiting to be unleashed with a digital currency. Central banks need to provide a platform for such innovations within an ecosystem that they control. CBDC offers that option.Lastly, digital money will reduce transmission loss both ways. Taxes can be deducted ‘at source’ because there will be traceability of all transactions done using CBDC. It will also allow central banks and the governments to bypass the commercial banks and deliver central bank money in a targeted fashion to citizens and households without any friction. The transmission of interest rates to citizens for which central banks depend on commercial banks could now be done directly. While these are the benefits of a digital currency, there are other massive macroeconomic consequences including the loss of relevance of bank deposits that we have with our banks. A CBDC that offers interest would mean we will have a direct deposit account with the central bank. This will mean a move away from deposits in banks to CBDC with the central bank. Also, the nature of a bank ‘run’ will change. Today a bank ‘run’ means a rapid withdrawal of banknotes from a bank by its depositors who are unsure of the solvency of the bank. This takes time and is limited by the amount of money available in ATMs. In a CBDC world, the ‘runs’ will be really quick and only constrained by the amount of CBDC issued by the central banks. Depositors will replace their deposits with CBDC pronto. This secular move away from deposits will increase the cost of funds of commercial banks. They will have to depend on other sources of funds than the low-cost deposits that customers deposit every month in the form of salaries to them. A reduction in deposits will reduce the availability of credit in the system. This will have a repercussion on the wider economy. It will also mean greater demand for reserves from the central bank by the commercial banks to provide credit to their customers. Central banks will increase their reserves and their balance sheets will become bigger. In summary, central banks will become more powerful. China’s Digital Yuan Play For these reasons, I believe CBDC is inevitable in this decade. Central banks will have to contend with the competition of cryptocurrency and the needs of the digital economy. They will find a mechanism to create a ‘platform-based model’ where the central banks create CBDC using a Distributed Ledger Technology (DLT) or a centralised ledger model while allowing private players to provide interfaces for customers to deal with this ledger. They will have to provide some level of comfort on privacy to their citizens by separating the transaction layer of CBDC from the core ledger. But for China, the benefits of a digital Yuan do not just stop there. Beyond these benefits, a CBDC is a boon for a surveillance state as it turns into an ‘eye in the sky’ for every transaction happening in the economy. For China where all banking is owned by the state, the secular shift from deposits of commercial banks to CBDC is also a lesser problem. And most importantly, China is looking at leadership in CBDC to replace the US Dollar in global trade. A digital Yuan is the most feasible option for it to challenge the entrenched ‘dollarisation’ of the physical currencies around the world. 88 per cent of global trade is done using the US Dollar and it is what sustains the Dollar as the global reserve currency. For China to replace the US as the future global superpower, it will have to find ways to make Yuan the reserve currency. An early lead in adopting CBDC for domestic and cross-border payments is a great option to make a real fist of it.China’s early trials in this space will force a response from other large economies on CDBC. The interoperability of sovereign CBDCs and how quickly the US is able to put together a CBDC alliance that counters China will be interesting to watch. In the meantime, I expect the current Chines regime to overplay its hand here like it has been usual for it in the last few years. Expect China to play hardball with the digital Yuan in global trade. This will be an interesting space in geo-economics to watch. PolicyWTF: Casually Banning Films CommitteeThis section looks at egregious public policies. Policies that make you go: WTF, Did that really happen?— Pranay KotasthaneMost film certification authorities in democratic republics categorise movie content according to age-appropriateness and nothing more. But India’s is an exception. The Central Board of Film Certification (CBFC) — commonly referred to as the “Censor Board” — also plays the role of a film editor. The CBFC is empowered to ask filmmakers to drop certain scenes. Not just that, the CBFC in its wisdom can just plainly refuse to certify a movie. In such cases, filmmakers have the option of appealing to the reviewing committee of the CBFC. If even that fails, they could hitherto appeal to a 5-member Delhi-based tribunal called the Film Certification Appellate Tribunal (FCAT). This tribunal has now been shut down through an ordinance along with eight other tribunals. The stated intent is that this move will streamline legal recourses. Filmmakers will now have to appeal to High Courts directly and wait for the law to take its own (long) course. In other words, “tareekh pe tareekh, tareekh pe tareekh, tareekh pe tareekh…”You would have already guessed why this is a PolicyWTF. Higher transaction costs, the existing burden on our High Courts, lack of state capacity, yadda yadda yadda. You can read these arguments here, here, and here. I won’t go there.Instead, let’s address the larger PolicyWTF - the CBFC itself. As long as it is a government-appointed body with the power to play the role of a film editor, absurdities will continue. It is for this reason that the Shyam Benegal Committee in 2016 recommended that the CBFC’s powers to modify and change movies should be taken away and it should purely function as a certification body. Exactly what was needed. But it was also exactly what the government wouldn’t allow. And so, five years after that report, we still have a CBFC which is rubbing its hands to also edit OTT content. Moreover, the percentage of films without any cuts fell to its lowest levels over the last 100 years in 2016-17. And now, even the FCAT has been shut down. Clearly, film censorship is going in a direction opposite to what previous committees have recommended. So, is there a solution to this meta policyWTF? Yes, turns out markets can help here. In 2016, my former colleagues Madhav, Adhip, Shikha, Siddarth, Devika and Guru wrote an interesting paper in which they recommended that film certification should be privatised. Deploying the Banishing Bureaucracy framework, they wrote:The CBFC be renamed the Indian Movie Authority (IMA) and that the primary purpose of the IMA would be to license and regulate private organisations called Independent Certifying Authorities (ICAs) which will then certify films. The certificate granted by ICA will only restrict what age groups the film is appropriate for. This is the only form of pre-censorship that is necessary in today’s age as all other restrictions on film exhibition should be applied retrospectively. The choice of ICAs available for producers to approach will render the question of subjectivity moot as the producer can switch to another ICA if unsatisfied with the certificate. The IMA will set the guidelines for the ICAs to follow and will be the first point of appeal.From Privatising Film Certification: Towards a Modern Film Rating Regime, Madhav Chandavarkar et al, Takshashila Discussion Document.In other words, this solution reimagines the CBFC as a body that grants licenses to independent and private certification organisations called ICAs. These ICAs need to adhere to certain minimum threshold criteria set by the CBFC. Beyond these criteria, some ICAs may specialise themselves as being the sanskaari ones trigger-happy to award an “A” certification while others may choose to adopt a more liberal approach. In the authors’ words:This will allow the marketplace of ideas to draw the lines of what kind of content is fit for what kind of audience with the government still being capable of stepping in to curb prurient sensibilities.This solution has the added benefit of levelling the playing field between OTT content and films. Currently, the CBFC has no capacity to certify the content being churned out on tens of streaming services. By delegating this function to private ICAs, the government can ensure adherence to certification norms.In essence. just as governments can often plug market failures, markets too can sometimes plug government failures. Reforming our ‘Censor Board’ requires giving markets a chance.There’s a lot more detail in the paper about grievance redressal, certification guidelines, and appeals procedure. Read it here. PS: A couple of days after the FCAT was shut down in India came the news that Italy on the other hand has abolished all film censorship and moved to a self-certification system instead. Saluti! A Framework a Week:Tools for thinking about public policy— Pranay KotasthaneDr Yuen Yuen Ang is one of the most insightful writers on China’s economy. Her first book explained how China managed to escape poverty. Her second book, China’s Gilded Age: The Paradox of Economic Growth and Vast Corruption has a framework on corruption that’s relevant to us in India.Created based on China’s Gilded Age: The Paradox of Economic Growth and Vast CorruptionThe framework classifies government corruption on two axes — “who in the government engages in corruption?” and “does the money giver get anything in return?”. Four types of corruption result from this categorisation as shown above.Ang claims that in most East Asian economies, the dominant mode of corruption is “access money” — bribes given to political elites with an explicit quid pro quo arrangement. On the other hand, the dominant mode of corruption in India is “speed money” — bribes given to low-level bureaucrats for property registration, a driving license, and so on. Though it intuitively sounds right, I take this result with heaps of salt as it is based on a survey measuring perceived corruption from the eyes of just 15 experts from the countries discussed. Nevertheless, I found the framework interesting. A typology of corruption is a great idea. The book claims that with rising income levels, corruption doesn’t vanish but just gets institutionalised in the ‘access money’ quadrant. To drive the point home, Ang connects these four types of corruption to four kinds of drugs. In her words:“all corruption is bad – they are all drugs – but petty theft and grand theft are like toxic drugs [or drinking bleach, a term suggested by Jordan Schneider]; speed money is like painkillers; access money is like anabolic steroids – they help you grow rapidly but come with serious side effects that accumulate over time.Access money functions as an incentive system for politicians and capitalists to work together, especially when massive infrastructure, involving huge sunk costs, is required for an emerging economy to take off. Access money overpays capitalists to do this, through cheap loans, subsidies, state backing, and in return you get feverish growth that lifts 700 million people out of poverty.”That’s neat storytelling!HomeWorkReading and listening recommendations on public policy matters[Article] Stewart Paterson’s white paper on the Hinrich Foundation site: The digital Yuan and China’s potential financial revolution.[Article] Shyam Benegal on his tryst with CBFC. Money quote: ‘With Bhumika, there were no cuts, no obscenity. According to the censor guidelines, there was nothing that was transgressed, yet it was given an A certificate. I asked, why? They said, the subject of your film is adult. Get on the email list at publicpolicy.substack.com
Hi,As the world has become increasingly digital, so too will our money. You may have heard of regions like China and Europe are considering launching digital currencies, but what does that mean? What's the difference between a digital currency and the debit/credit card banking system we have today?Central Bank Digital Currencies (CBDC) are the next evolution that our monetary system will take and they present numerous possibilities for the future of finance. Not all of what CBDC's have to offer is good though…If you like the newsletter - please subscribe. You can also follow me on Twitter @seancover. If you have any questions, feel free to email me at questioningmoney@tuta.io.Thanks for listening!Sean This is a public episode. If you would like to discuss this with other subscribers or get access to bonus episodes, visit questioningmoney.substack.com
The rapid rise of digital dollar stablecoins has been paralleled by accelerating interest from central bankers on the role and possibilities of Central Bank Digital Currencies (CBDC). To some in the industry, these are viewed as at odds with one another, to others these are ultimately two sides of the same coin, converging trends that will emerge through broader public sector and private sector collaboration in the coming years and decade ahead. No matter, everyone seems to agree that digital dollars and digital currency more broadly are the future of electronic money and the broader global financial system. How will these two phenomenon interact, compete or simply just co-exist? On this week's Money Movement we're joined by Visa's Head of Crypto, Cuy Sheffield; Neha Narula, the Director of MIT's Digital Currency Initiative, an institute leading research and development in crypto, digital currency and now CBDC models; and Robert Bench, AVP at the Federal Reserve Bank in Boston, and a key contributor and collaborator on the future of digital currency with the Federal Reserve. Tune-in and join us live on YouTube every Thursday at 1pm EDT, and subscribe on Apple Podcasts, Spotify and YouTube.
The rapid rise of digital dollar stablecoins has been paralleled by accelerating interest from central bankers on the role and possibilities of Central Bank Digital Currencies (CBDC). To some in the industry, these are viewed as at odds with one another, to others these are ultimately two sides of the same coin, converging trends that will emerge through broader public sector and private sector collaboration in the coming years and decade ahead. No matter, everyone seems to agree that digital dollars and digital currency more broadly are the future of electronic money and the broader global financial system. How will these two phenomenon interact, compete or simply just co-exist? On this week's Money Movement we're joined by Visa's Head of Crypto, Cuy Sheffield; Neha Narula, the Director of MIT's Digital Currency Initiative, an institute leading research and development in crypto, digital currency and now CBDC models; and Robert Bench, AVP at the Federal Reserve Bank in Boston, and a key contributor and collaborator on the future of digital currency with the Federal Reserve. Tune-in and join us live on YouTube every Thursday at 1pm EDT, and subscribe on Apple Podcasts, Spotify and YouTube. About the Show The global economy is experiencing unprecedented challenges and change. Business leaders everywhere are grappling with how to transform their companies to become more digital, resilient and efficient. As we face this change, a new global movement is building around the promise of digital currencies and blockchains — forming a new architecture for the global economy and creating new opportunities for companies everywhere. The Money Movement explores and chronicles the issues and ideas driving this brave new world of digital money. The Money Movement is brought to you by Circle. Our mission is to raise global economic prosperity through programmable internet commerce. Learn more about Circle Business Accounts and Platform APIs at https://hubs.ly/H0qWzwG0.
Today on DIVI Cryptopodcast, Christian Kameir, who was once a guest on DIVI during the stable coin debate, talks about Central Bank Digital Currencies (CBDC). Kameir talks about CBDC as an expert on the topic. His expertise is due to spending up to 35,000 USD researching value transfer technologies. He states that if and when banks decide to adopt cryptocurrencies and new payment forms, they have to create awareness. Information on Value Transfer Technologies and CBDC Christian describes CBDC's as a form of a paradigm shift and also describes the current papers on CBDC's as plane tickets that people buy without having a sense of their location first. The latter description is due to a lack of fundamental research in the state of value transfer. Following due diligence, Christain and his team have researched and released documents on Central Bank Digital Currencies and value transfer technologies to help people get into CBDC with enough information by implementing the scientific method. -- Divi is creating the world's first closed-loop, vertically-integrated cryptocurrency ecosystem. Much like Apple's ecosystem is anchored by iCloud, the Divi Project blockchain serves as the core of the Divi network of technologies. Thanks to a keen understanding of the divide that separates the mainstream from the crypto world, the Divi team is able to create solutions to the industry's biggest problem: adoption by non-technical users. Divi's user-friendly, one-click solutions aim to bring blockchain-based payments into modernity with great UX. In this podcast, we will cover all aspects of cryptocurrency, hot topics, and technology as worldwide adoption grows.
I spent some time with Dave from TruthRaider discussing Bitcoin, where it's headed, crypto mass adoption, blockchain social media, DeFi, stablecoins, and CBDCs. Tune in to hear his thoughts on all these topics and more. Dave shares his long-term vision on cryptocurrencies and much more through TruthRaider.com. In this interview, he tackles some hard questions like: Are we closing in on the end of Bitcoin as a speculative asset? Major institutions and countries are stepping in. What are the problems with DeFi? What will be the effect of Central Bank Digital Currencies (CBDC's)?
Conan French speaks with Sopnendu Mohanty, Chief FinTech Officer at the Monetary Authority of Singapore, about key themes from this year's festival and intersections with the IIF digital finance topics. More than 60,000 attendees from 130 countries participated in this year's event to explore new technologies and the future of finance with data, APIX, digital transformation, and Central Bank Digital Currencies (CBDC) on the agenda.
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