Dubai’s leading Fintech event gathers 923+ international delegates, 150+ global speakers, regulators, financial institutions, and unicorns to shape and explore the future of finance in the MENA region. Don’t miss out on being part of the revolutionary movement happening at Fintech Surge, the premier hub for Fintech entrepreneurs, buyers, innovators, and investors in the fields of paytech, insurtech, regtech, wealth & asset management, and digital banking to adopt the advanced strategies and solutions that will increase client satisfaction and drive immediate business impact. 🗓13-16 October 2024 📍Dubai Harbour 🔥💳 Exhibit Today shorturl.at/fpSX3
🤔🍁 They could do a weighted basket ( maybe that’s your plan ) as apposed to an unweighted basket. 60% gold 30% oil 10% adding changing numbers and things. That of course over time opens another bunch of complications. “KISS*”unencumbered Silver 60% (wages ) Gold40% (Nation wealth) oil, lead, wheat, and pork bellies given separate consideration for helping a country 🤔 ♥️🌎free🌍trade🌏♥️-🖤 1*. “KISS” KEEP IT SIMPLE STUPID!(s)!!! 😬 2* Physical banks are going bye bye through competition. Right? Note: We need a digital mule to convert gold and un-encumbered silver ♥️🗡️ (old banks for depositories?* )into consumer digits etc. Bitcoin public Eth business? Put the public kitty on global block chain not wages and savings etc..
Because of its highly political nature, Economics seems likely the most dumbed down knowledge domain. In example "Central Banks in their models don't have Banks in them, and they don't have money in them"
Mechanically, Bitcoin solves all of this and more. It creates a competitive money market. Instead of centralized control of money. True capitalism, and an actual free market. It’s by definition a deflationary money/commodity/asset/ledger/property….whatever you want to call it, because there’s never been anything in principle, like it in the written history of mankind. A paradigm shift…that’s why most people won’t like this comment, and I understand… but the reality is…it may be the first, money we’ve discovered/created that is immutable and resistant to the same problem all forms of money have had forever, in every civilization before and now. True sovereign money. If you don’t think so, I just bet you have no idea how it works and it’s properties, and until you do. You’ll keep trying to build your house with sand, as more and more people pick up bitcoin and start building with mortar for the first time.
If we talk about CBDC, then we have to distinguish between retail and wholesale CBDC. How it comes that a professor such as Mr. Werner doesn't spend one word about it? In his speech he referred to CBDC as the retail CBDC. There are countries such as Switzerland that are testing the concept of wholesale CBDC, which would make more sense in my eye. So what I want to say is, there are use-cases that would benefit from an electronic and programable central bank money.
Can the people of the world, who are beholden to the globalised banking system, run by a cartel of jet-flying elites, do anything to stop the implementation of CBDC's?
The outrage is unnecessary. Money has always been created out of nothing. Please explain the practical use of gold. Look, if the asset doesn’t provide food, water, shelter, then it’s value is artificial. Then, when we began to give out paper to represent gold we continued to create artificial value. Later, we decided that money would be backed by trust alone. It doesn’t matter. So now banks have managed to invent a scheme to make money every month from 100,000,000s people by handing out credit cards. Credit was never real money but consumers do pay back credit in “real” money. I don’t see the problem in that people want to live like the elite, and want to spend money. A salaried job isn’t going to provide enough for the amount of the lifestyle that people prefer. Money doesn’t need to be regulated. People need to be regulated
Cbdc will not making any difference. Fiat dollars, fiat dollar amount on a computer, and cbdc are not different. Banks have just perfected the art of money creation.
So its not the masters of the universe at Goldman and J P Morgan organizing the chaos, its some minor bureaucrats at the central bank? Or is it the revolving door between goldman and the central bank?
Thank you for demasking the financial matrix we are forced to live in. This needs to be shared and shared and shared. Best aired at prime time instead of the stupid "news".
Who can be winner of Dedollarisation? One has biggest dept in dollar. US nation has biggest dept in dollar, 300 trillion dollar.So,US gov and citizens and companies will be biggest winner of depolarization or if dollar disappear.They will not need pay back 300 trillion dollar. US government don't print dollar.Private owned FED print dollar and lend to us gov and citizens by interest and citizens pay interest costs by taxes. Privat bank could produce dollar(banknote) because they had gold and issued banknote(dollar) for gold.After demolished goldstandard(1971) private bank(FED) have no right to issue dollar.Aren't Private bank(FED) prodused dollars after 1971 fake dollars?
The Valhalla Network - from their website; "This means each bank will allocate a significant portion of their dividends to a charity that reinvests into local, social, and community initiatives as per the DAO’s ESG (environmental, social, and governance) policy.".........hm.........can you say......shilllin' for the villains..........???........nice trap........just sayin'
Thankyou Professor for highlighting this issue. Most people are walking blindly into this trap, when there should be much more pushback. Cash is autonomy, privacy, freedom. REJECT CBDC
Thanks for voicing your economic experience on central banks! Centralised of any aspect of social and economic life leads to forms of dictatorship unintentional or not!
Ez egy baromság. A FIAT pénz MINDIG inflációt gerjeszt, mert hitelből keletkezik és csak a hitel összeget hozza létre, a kamat mindig hiányozni fog a globális pénzügyi rendszerből! This is bullshit. FIAT money ALWAYS incites inflation because it is based on credit and only creates the amount of the credit, interest will always be missing from the global financial system!
Mass consumerism (cheap or expensive) incl food and all excess also destroys the environment. We have grown more separate and detached from the rest of natural life.
Absolutely. We all depend on the earth. No one made it, so no one should own it outright. I'm a big fan of replacing most taxes with a land value tax that would function as a rent paid to the community for the privilege of exclusive right to use the land.
Since we are at this discourse of CBDCs - may I ask what's the link behind the multiple rounds of C-19 vaccinations? Is it the implantation of multiple microchips? Does that mean one microchip is not enough for central banks to achieve the desired level of programability ? There are so many puzzles but great work Mr Werner !
The number of banking institutions in China reached to 4,561 by 2022. The number of banks had been increasing until 2019 and been relatively stable since then. In recent years, the Chinese government had increased its grip of the financial industry.
In Switzerland they announced the city festival in Lucerne to be cashless. The shitstorm of the public made them finally change course and cash was accepted.
