Could digital currencies put banks out of business?
Переглядів 1,248,050
День томуCryptocurrencies like Bitcoin have been billed as a major disruptor to finance. But digital currencies issued by governments might be even more radical-they may even threaten the future of traditional banking.
Read our special report, “The Future of Banking” : econ.st/3tuTT8y
Sign up to our newsletter to keep up to date: econ.st/3a6aZmv
Read more of our coverage on Finance & Economics: econ.st/3b0g3cs
Listen to Economist’s podcast “Money Talks: the age of free money”: econ.st/3eUduK3
Is digital yuan set to transform both Chinese and international banking? econ.st/3eYqcYb
Why is Britain’s fintech under assault? econ.st/2SxLKDF
Why are American banks experiencing a post-pandemic boom? econ.st/2QY7ZCf
America's upsurge in digital payments econ.st/2RrEubS
Why China's government is cracking down on fintech econ.st/3nSU4JB
Can traditional banks survive? econ.st/3tp4rWK
Why acceleration in digitisation might re-shape finance? econ.st/3nQoVXv
Can banks’ credit provision keep up with capital markets? econ.st/3h2LYwI
Why private-credit markets are due a growth spurt? econ.st/3xSLcZl
How fintech is revolutionising finance: econ.st/3vL2NR4
Can America keep up with the digital-payments industry? econ.st/3tlndhL
Should banks worry about losing business to Libra/Diem? econ.st/3tusW5a
Why America has too much cash econ.st/3h7tj2S
How China’s digital currency will affect power of central bank: econ.st/2QZ2jb1
@F4rSeer 3 роки тому
After the 2008 housing crisis, let me tell you; we won’t be missing banks that much
@MegaKojo99 3 роки тому
Lol
@MegaKojo99 3 роки тому
They got bailed out and carried on getting fat checks the next year. The working man payed their bill for the next 10 years
@andypratt98 3 роки тому
😂😂😂
@Guerrilla727 3 роки тому
@@MegaKojo99 Just like the corporate covid bailouts
@fazethijs6943 3 роки тому
Those who are to blame for the 2008 global financial crisis are the investment banks, subprime mortgage, incompetent regulators (SEC and comptroller of the currency) and wreckless real estate investors. Not your normal consumer bank
@mikeradford1180 3 роки тому
Lowest cost and fastest settlement will win. Banks taking 3 days to transfer money via ACH will bleed out.
@AndrewBouchierUK 3 роки тому
it's also about smart money this is why ethereum is worth almost $4,000 per coin
@ytoh6408 3 роки тому
@@AndrewBouchierUK gate-crashing kidding hellholes McCune
@AndrewBouchierUK 3 роки тому
@@ytoh6408 English please
@miguelberetta7887 3 роки тому
You can do so via wire or apps like cashapp and venmo. The transaction costs of crypto are still too high
@Donesse 3 роки тому
Bonfire and Saturna token bout blow past doge and safemoon 🔥 and Raptor token 🚀 They will be the new Facebook this is the cycle we are in. Thank me later!!!
@waynejackson8534 2 роки тому
On a much larger scale, this is like the introduction of Napster and the like to the music industry. The paradigm completely changed, and the music industry was forced to keep up with consumers demands.
@prebableco3576 2 роки тому
What a great comment!
@1000xGLOBAL 2 роки тому
Today it's not about return ON capital. Today it is about return OF capital.
@pallabdey4438 2 роки тому
deep meaning comments. so true!
@SromolKhmer 3 роки тому
I won't miss the bank when they're gone. No need to bail them out anymore.
@alexander15551 3 роки тому
It’s easy to hate on banks but, they do provide an important function to society... by evaluating which business and personal endeavors are worth lending money to via evaluating their ability to pay back the loan. Lending money to too few people or too many people creates inefficiency in the lending market
@snafu1635 3 роки тому
@@alexander15551 Ok fed.
@Alphaproximita 3 роки тому
@@alexander15551 Right... like SPACS and “institutional investors.”
@raymondanielson8438 3 роки тому
@@alexander15551 Banks were originally used to launder gold learn your history pal.
@matthewbentley1236 3 роки тому
@@alexander15551 and yet the current richest and fastest growing companies tend to recieve no funding from banks, if banks want to survive they'll have to change as they're clearly not suited to the modern world.
@Mvp8 3 роки тому
No mention of decentralized finance and how banks could possibly be replaced by smart contract decentralized applications?
@saberking6684 3 роки тому
They have no idea how eth and ada will destroy them
@nakedwzrd 3 роки тому
they haven't gotten that far yet or how to use a DEX
@AshiStarshade 3 роки тому
They precluded it by describing elastic money supplies. That pretty much has to be centralized, unless the elasticity decisions were also decentralized.
@GDKLockout 3 роки тому
Thats because they dont understand whats happening. Its like when the car was invented and people couldnt understand how they would replace horses.
@hvr8463 3 роки тому
@@saberking6684 They have no idea how will destroy them
@paulobaptista164 3 роки тому
A new form of banks will emerge with new technology and services. Regulation will determine how it happens. The banks might change but aren’t going anywhere. Control over currency will always exist.
@user-ud1gh2ss2x 3 роки тому
W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!
@CoronadeDeus Рік тому
Control over over currency will evanesce in deafening roar of History as power will forever struggle and money is just just a tool of it. Spread your eggs in various baskets, my best advice.
@Syne111 Рік тому
You're missing the point. Cryptocurrency is regulation and code is law. No need for gov or banks or centralized power sinks. Any of that defeats the entire purpose.
@pivoune 3 роки тому
I think you completely missed the potential of decentralized digital currencies by focusing your piece on government issued and thus centrally controlled digital currencies
@cameronmason4452 3 роки тому
On purpose, they are invested in crypto failure
@GregBert87 3 роки тому
Exactly. I have no interest in acquiring government sponsored digital currency.
@puvididdle 3 роки тому
yup i was thinking the same. All the 'problems' they've mentioned in the video could potentially be solved by decentralized banking. In fact if a government adopt decentralized banking, they are investing in the trust of the people. We will know that they are on the side of fairness and equality. with smart contracts and governance, we know that there could potentially be no corruption that could take place.
@puvididdle 3 роки тому
also thinking why not the government just collect gas fees from all transactions instead. I know it sounds far fetched but, just a possibility
@deborahblackmore7895 3 роки тому
You completely underestimate state power they will bankrupt people speculating in dogecoins to teach people a valuable lesson about where power rests then we'll get surveillance money and there won't be anything we can do about it.
@robgroove 3 роки тому
The future is decentralised
@newcoc4105 3 роки тому
No it is not. How mnay regiments does decentralized have?
@c.kainoabugado7935 3 роки тому
@@newcoc4105 lol 😆 reply is with the past 🤣
@thatn_ggajandro3197 3 роки тому
Let’s go! Hopefully you’re right!
@patjustpat5014 3 роки тому
Absolutely comrade!!! And on public ledger, under surveillance, so we can control what everyone does and thinks!! You deserve many social credits!! The future will be decentralized, run by algorithms written by a pre-pubescent 80lb kid, run by 30yr old man children who think they are wiser than history. Welcome to the USSA!
@generalmartok3990 3 роки тому
@@patjustpat5014 How many MREs do you have in your basement?
@klompb 3 роки тому
Wow, I'm impressed how you were able to spin fractional reserve banking to sound like something positive!
@carlmannhard8051 3 роки тому
What are you talking about? It is positive. Without fractional reserves the banks could lend out as much as they wanted and the velocity of money would whip the economy out of control, as they have every bubble and crash before it was implemented.
@klompb 3 роки тому
@@carlmannhard8051 Fractional reserve banking is exactly how they lend out as much as they like. Are you trolling or just unclear on the concept?
@ghstdata6223 3 роки тому
@@carlmannhard8051 banks 🤢🤮
@carlmannhard8051 3 роки тому
@@klompb No, you are wrong. Fractional reserve banking was implemented to prevent the banks from lending out all the money they oversee. If a bank couldn't lend out any more money than was actually in the bank vaults, then our economies would grow much, much slower. Don't be rude and wrong at the same time. Pick one.
@Anil-gt2kn 3 роки тому
@@klompb NO system is perfect but Fractional Reserve is still better. So Carl is correct. However, You do sound like a GOLD BUG People!!!!
@lukeskywalker1574 3 роки тому
We need to keep cash if we want to keep our freedoms. Period.
@nuterra9143 2 роки тому
Crypto, defi, peer to peer lending fix all those problems. We won't need banks.
@holdbitcoin1448 2 роки тому
We won't need governments either
@ibzyc7036 3 роки тому
They have not benefitted savers for an entire generation
@Deloowix 3 роки тому
Tbh savers don't really do much for the economy. Morally, why should savers be rewarded instead of the investors that spur the technology revolution?
@ibzyc7036 3 роки тому
@@Deloowix Banks use your deposits to make loans and charge interest on it, I might aswell lend the money myself and get the return, what purpose does the bank now serve? Just another middleman sector, before you say it looks after your money, 2008 was due to bad lending practices and it was me the tax payer who foot the bill the wankers, sorry bankers.
@nasaboy2950 3 роки тому
Facts, with interest rates so low I don't keep much money in the bank anymore. Not letting them use it to their advantage during these times.
@hjooy 3 роки тому
@@ibzyc7036 please look the video again. Banks do NOT loan your deposit to others; loans are created out of nothing.
@hjooy 3 роки тому
@@nasaboy2950 that is exactly what they want you to do...
@kamolhengkiatisak1527 3 роки тому
I used to take one course "Money and Banking" for a semester in 1970s, which is essentially covered by this 10 minutes video and more (digital money).
@Q_QQ_Q 3 роки тому
cool
@michaelkavanagh5947 3 роки тому
Crypto is not digital money.
@generalmartok3990 3 роки тому
@@michaelkavanagh5947 He didn't mention crypto. The topic of this video literally is digital money.
@oscarosullivan4513 3 роки тому
@uncle scam But government issued money
@oscarosullivan4513 3 роки тому
@uncle scam Explain
@joebartley2302 Рік тому
My concern with CBDC is the government deciding you have done something wrong in their eyes and freezing all your assets.
@PeopleHealthTru Рік тому
Like the IRS or satanic divorce judges?
@edd2184 Рік тому
That is 100% going to happen you protest against a political party, you say something you shouldn't have said online, bought too much beer or cigarettes. Privacy and autonomy will be out the door. They are going to be two digital dollars one for regular folks like you and I. Another for high net worth individuals and corporations. If this is not a front page out of a dystopian nightmare I don't know what is.
@user-hp9eg3gf6s Рік тому
In Greece if you owe money to the government your Commercial bank assets will be sized and your accounts frozen without any Human intervention, it's just software commanding banks to do so. Governments would have the same level of control they have now with CBDC. If a government wants they can order Commercial banks to do whatever with your money in them at the moment. This video is just propaganda for the useless banks that just charge fees and interest for providing nothing.
@tanimmohaiminul4157 Рік тому
@@edd2184 WEF predicted about 2030 You will own nothing but u will be happy.I think u know that.
@mariwillalwaysgivethanks Рік тому
Oh! AND THEY WILL!!!
@wick2573 2 роки тому
My trading journey was a matriculation of highs and lows, literally just like the market. you up, you down. Now I'm constantly up
@shirlenepetramale4609 2 роки тому
wow that's very nice Please how can i be able to reach out to your broker, my income stream is in a mess.pls
@shirlenepetramale4609 2 роки тому
Pls how I can get in touch with this Expert Jane?
@shirlenepetramale4609 2 роки тому
@Bernard Wayne Thanks for his info I'll contact her right away☺️
@estherjack6027 2 роки тому
I've never seen someone as perfect as Mrs Jane she knows how to analyze trade, and with her strategies she has earned me €16,835 in 18 days of working with her
@rusielisabeth3884 2 роки тому
@Kelvin Rodriquez Amazing, I also just started trading with Jane, she is the best at what she does... with an initial investment of $1500 I made up to $5830 in just a few weeks of trading with her and everything is moving smoothly thanks to her
@liasummers1824 3 роки тому
Banks brought this on themselves
@anthonyrobinson5532 3 роки тому
How
@Thapanirmal 3 роки тому
Refering to 2009 crash? Lol
@JAWZMUZIK1 3 роки тому
Right
@ThoseWhoHeedTheCall 3 роки тому
Absolutely.
@t.xaviersalgado4106 3 роки тому
@@anthonyrobinson5532 in many countries they made digital transactions harder, and they actively blocked development, instead of making life easier for their population. governments are also to blame since they imposed strict rules to these transactions. now, probably they'll lose it all...
@jaredr9554 3 роки тому
No, but the banks will finally learn their place when it comes to people's money. POWER TO THE PEOPLE! DO NOT BE AFRAID OF CHANGE.
@chandel_rajputbundelkhand8490 3 роки тому
Banks are the biggest frauds ever committed on us....they took the power to govs...now crypto will give it back to the people.
@capitaldude7119 3 роки тому
That is quite naive. The bank will always beat you through the LAWS. The most certain way of protecting your money are assets. And great tax attorneys & accountants.
@chandel_rajputbundelkhand8490 3 роки тому
@@capitaldude7119 no one can beat machines in laws ...atleast humans cant ....so crypto be unbeatable
@capitaldude7119 3 роки тому
@@chandel_rajputbundelkhand8490 Yes, perhaps no one can beat machines with laws, but all we need are humans (the Government) to pass regulations and tough laws, to push crypto against a wall and thereby, pushing people to "beat" crypto.... to beat the machines.
@jaredr9554 3 роки тому
Laws already exist to prevent wrong doings and in time the way things run will become better. The banks have no more power the sooner you realize the better off humanity will be.
@terryroger2356 3 роки тому
Mrs Olivia is 💯% legit and her method works like magic I keep on earning every single week with her new strategy
@clarabella452 3 роки тому
Wow I' m just shock someone mentioned expert Mrs Olivia I thought I' m the only one trading with her
@clarabella452 3 роки тому
She helped me recover what I lost trying to trade my self
@alexanderlogan6815 3 роки тому
I think she is the best broker I ever seen
@alexanderlogan6815 3 роки тому
I think I'm blessed because if not I wouldn't have met someone who is as spectacular as expert Mrs Olivia
@joecross9021 3 роки тому
Yes I' m also a living testimony of expert Mrs Olivia
@jaytok7 2 роки тому
banks have been ripping off their customers for centuries. time for a change
@jotsingh8917 3 роки тому
Perfect concept for a total surveillance states.
@jvnd2785 3 роки тому
Absolutely. That's the reason for this video, btw. They have to sell the idea of crypto to the masses, not just the selected few who already "own" crypto (it's just an illusion, they really don't own it). Meanwhile, banks and corporations are rubbing their hands and laughing at the gullible plebs who think BTC and other "alternative" currencies are going to mean much in the future.
@jvnd2785 3 роки тому
@@Grutto, do you have a constructive argument or is this just a hissy fit?
@littledovecitydust 3 роки тому
Crypto is the only thing you can physically own.
@klompb 3 роки тому
@@jvnd2785 also, how do you not own your crypto when you store them offline in a cold storage wallet?
@twelveahalf1093 3 роки тому
@@Grutto you do own it. You can buy a ledger and store it in there. Safest and best way
@GDBOYFilms 3 роки тому
"you might just miss banks if they were gone" is an interesting end seeing as I didn't hear any positives to the banking industry being in control. decentralized finance and the yields it brings will blow the old rickety roofs off of traditional banks and credit unions. they have been way too comfortable making millions and giving back pennies.
@altrazh7194 3 роки тому
exactly, who even gonna miss the bank? we all use bank because it was needed and the only choice in the past. Not to mention in the developing country, 80% of the population are "unbankable", the banks there are just a glorified payment services, they are raking the profit without giving actual value to the community. Decentralized Finance is the future.
@oscarosullivan4513 3 роки тому
Whats wrong with credit unions.
@GDBOYFilms 3 роки тому
@@oscarosullivan4513 nothing inherently wrong with them, better than banks usually. just not an innovative vehicle like defi and what is coming in the next 5 years
@Syne111 Рік тому
@@GDBOYFilms well said
@gymjunkiecrypto 3 роки тому
HEALTH IS YOUR WEALTH CRYPTO IS YOUR FREEDOM
@_Reverse_Flash 3 роки тому
@8:20 The last thing I would want is a direct relationship with a Central Bank.
@WassupBruddah 2 роки тому
Lol. That's not possible. Banks will own crypto and we all will be f*cked. You really think people will be free to do transaction without banks??? 😂😂
@sfturbo 3 роки тому
The only thing I will miss about banks is the higher salary they pay compared to other companies
@Swede.from.Boston Рік тому
After the 2008 housing crises, let me tell you, we won’t be missing banks that much.
@pimmeijer7589 3 роки тому
I don't think we have to explain why having a Centralized Banking system where everyone just holds digital dollars at the Central Bank is a bad idea right?
@Aesahaetr Рік тому
The Central banks and government control over everyone money is sinister. They could program anything into it. The people of the world would rebel against them.
@mariwillalwaysgivethanks Рік тому
right!!!
@Bitcion37 Рік тому
You are right only in world where common sense is common.
@charnpetersen7664 Рік тому
If they control technology, they control everything
@ajmala9250 3 роки тому
The question being between the recessions every 20 years or so, how stable is your current financial system??
@alexjones1738 3 роки тому
Far more stable than any other period
@IsAcRafT 2 роки тому
@@alexjones1738 so long as your government is competent and trustworthy enough and that's not even guaranteed for all situations.
@susanclark955 2 роки тому
Every day of my life I always regret selling my bitcoins 8yrs ago. See how much its worth now.
@jackrodney9629 2 роки тому
You have to be calm No one ever knew it would get this high.
@claytonfaile7199 2 роки тому
True you have a point.
@clancybrown754 2 роки тому
Crypto is the future, trading crypto has become a lucrative way of making money
@claytonfaile7199 2 роки тому
@@clancybrown754 Do you trade by yourself?
@TamLe-nj7sr 2 роки тому
If I had known would have exchanged my wife for bitcoins
@peytonwarren1936 3 роки тому
The FBI looking at this comments section: 👀
@UPdan 3 роки тому
End the Fed and the fbi.
@walob738 3 роки тому
Could? Absolutely certain they will! CBDC's will remove the need for any 'high street bank' and could well undermine the State and Government, perhaps even democracy itself as we know it. But do not get confused with digital currencies that are centralised and those that are de-centralised. One allows a Government and/or Central Bank to track every single dime you spend for the rest of your life - the other, completely anonymous. And to be clear - I would miss banks like a hole in my head.
@ricardodelacrvz1400 10 місяців тому
crypto currencies dont concede loans. just another populist ideology. banks are more safer than ever. and they are open to government supervision in terms of tax regulation. you just have to be careful about what kind of products they are selling you and see their annual rating.
@erina5543 3 роки тому
While I enjoyed this piece, I feel it missed a key aspect of the emerging digital currency market: non-state run, decentralized system or systems. To me, this has the greatest potential to both disrupt, shift power, and put control into the hands of everyday people. Failing to mention this creates a false narrative about future possibilities and risks or risk mitigation.
@user-ud1gh2ss2x 3 роки тому
W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!
@gabriellaarango9100 2 роки тому
Absolutely , this video presentation left out a big piece,!!! If she is so well informed why was it left out ???
@fwd105 2 роки тому
What happens the day people wake up and crypto whales have exited the market, who will people turn to, the government? There's lots more to the financial system than the buzzword of decentralisation.
@abhyudaychakraborty3818 2 роки тому
You know what central banks arent idoits that they control the money supply in a country, if there is more money supply than the economy is able to produce you'd face inflation. what about price stability? is your crypto stable enough to hold value in long run? what about tax evasion? i don't see how you expect people to use a volatile asset class as money.
@yawnyarko6471 2 роки тому
@@fwd105 And what if whales don't leave because there is more adoption?
@emmanuelabel2370 3 роки тому
Investment are stepping stones for success. Waiting for the government to provide is a big waste
@larissaeckardt1391 3 роки тому
The right choice of investment has always been a big problem for me because I know that picking up the wrong investment will leave a big scar in the future...
@dannyl3212 3 роки тому
DEFI
@Estado_Alterado 3 роки тому
@Favour Nelson scammer
@pa659 3 роки тому
DeFi is at risk of our governments trying to ban it
@walton836 3 роки тому
@@pa659 u cant ....?........
@jakepaulwar 2 роки тому
@@pa659 won’t happen
@pa659 2 роки тому
@@jakepaulwarYou are right a ban is unlikely but heavy regulations are likely to happen. Not all Defi project are 100% decentralized yet. Meaning there is possibility for the governments to dig up proof from faulty smart contracts, code, etc
@yovannaanthony8842 3 роки тому
I'ld rather make thousands of dollars per week investing in the forex market with the help of a seasoned broker. It has been my best source of income for the past 4 years. Easiest and stress free way to make passive income online. 😊😊
@georgebixby8800 3 роки тому
Most people claim forex trading is the most profitable investment online, but I dont really know how to go about this lol.
@edmundcornelius7815 3 роки тому
I wanted to trade forex but got discouraged by the fluctuations in price!
@aubreyminer7123 3 роки тому
@@georgebixby8800 Get an account manager for a start. You can make a lot of money while trying to master the skillset.The best way to go in my opinion.
@annagarlin7130 3 роки тому
The best strategies don’t even matter much without investing with an expert or signing up for mentorship. Trading without an expert or mentorship blows your entire account off
@spenceralan853 3 роки тому
Hi Yovanna, who do you trade with please? I want to make a lot of money from trading.
@timothygerke6982 3 роки тому
Perhaps most important to ask, will the digital currency be under a central authority, or will it be decentralized? What are the advantages/disadvantages to each?
@seanregehr4921 3 роки тому
Decentralized means ZERO/NO ACCOUNTABILITY! This is a recipe for disaster. Central is a problem only when there is no transparency/accountability. This means a centralized bank system can and will work only if full transparency and accountability is established and sustained. The banks used to be solid like this many generations ago now. Then they made the banks private and cut off both transparency and accountability seemingly over night. They did wait a while before implementing their own private interests however, so many people never connected the two. Essentially they waited long enough for people to forget and get caught up with other seemingly more important decisions.
@BadDictator 3 роки тому
If it will be under some central authority, won't it be the same as central banks? The government could still look into your records that way?
@kotgc7987 3 роки тому
@@seanregehr4921 Decentralised still identifies the money's general account via coin exchanges. Individual payments are autonomous via blockchain and free of control/manipulation. Taxes will provide states revenue for military, education and health.
@2snipe1 2 роки тому
@@seanregehr4921 Thats not what I've heard decentralized means. I've heard it means you own your money. The code, blockchain transparently states who owes who what, and accountability is on the safeguarding of this information. There is no way to hack blockchain with a working and fast quantum super computer. While quantum computers exist, the speed they need won't legitimately won't be around for the next 100 years. The best anybody can do is redirect the funds, but even this change can be tracked. I'm not sure how you see defi can decrease accountability. But I'm open to discussion!
@justintie 2 роки тому
The pseudo elites want to control it. We shouldn't let them.
@chris4charity191 3 роки тому
You forgot to mention your owner's took us off the gold standard and that's the reason for the "IOU" non backed cash.
@benyameenyitzhak1036 3 роки тому
Which is completely demonic and evil. Our currency is based on the whims of unelected, uncontrolled and unknown group of people
@subrotoxing8214 3 роки тому
i wish the media stop picturing crypto banking relation as cars vs horse carriages .. why not think of them as tv and radio ? complement each other as mass communication tool
@rbd5868 3 роки тому
This video doesn't talk about crypto lol, it's about digital CENTRALIZED money
@subrotoxing8214 3 роки тому
@@rbd5868 @Rbd lol obviously you are easy to fall for smart PR.. It is like you are believing facebook saying help facebook free of charge instead of seeing that as a threat.. Allow us to track or pay the price..this video is an ad do not let banks fail.. Use banks.. Not "others" else you face dramatic consequences like privacy etc. Not addressing crypto is smart but implied.. You do not want to directly go against the momentum... I.e doge ^^
@swojnowski453 3 роки тому
tv and radio do not complement each other. You do not use both at the same time do you? Or you listen to tv with one ear and radio with the other?
@subrotoxing8214 3 роки тому
@@swojnowski453 in the 90s i listen to radio when i am in the car and i watch tv at home.. They both have their uses..
@ABESW0RLD 3 роки тому
@@subrotoxing8214 the tv is a substitute to the radio. You even said it yourself, you substitute the radio for the tv at home... All substitutes have their uses...
@jon6309 3 роки тому
Lol I work for a commercial bank’s trust department looks like I’ll be out of a job if I don’t move out fast. Many of our trusts are being transferred and beneficiaries are pulling their money out to spend!
@elvispresley5313 3 роки тому
Probably buying gold and silver and pirate chain & monero
@keithrodgers1030 3 роки тому
I love how the banks classify a debt as an asset on the balance sheet. The old saying " never be a lender or borrower", that's still relevant today.
@user-ud1gh2ss2x 3 роки тому
W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!
@moneyobsessed 3 роки тому
your loan is an asset to the lender
@CutleryChips 3 роки тому
Think of owning a house. It’s an asset that can fetch you a rent income. Similarly, banks earn interest on loans they give out, so it’s an asset. Meanwhile all the deposits will be classified as liabilities, because banks need to pay the interest. A house may suddenly get destroyed (maybe due to earthquake) and you lose all its value. Similarly, the person the bank loaned to may be unable to return it. Hence theres certainly risk involved in owning assets.
@user-ob4sx1ky6k 3 роки тому
With the current increase in the market I see Cryptocurrency as ultimately becoming a reserve currency for banks , playing much the same role as gold did in the early days of banking . Banks could issue digital cash with greater anonymity and lighter weight , more efficient transactions
@youpeng8410 3 роки тому
If it hadn't been with the help of my broker Mr. Nicholas James whom I can't thank enough , I would have completely given up on the crypto market after loosing so much money
@evelynbobby7236 3 роки тому
Oh I'm a bit surprised to know you work with him , I just received my ROI into my wallet through one of her platforms and I am pretty impressed by his strategies
@wilsonjames731 3 роки тому
wow!! you invest with Mr. Nicholas too ? I never knew he was much of an experienced trader , been on him telegrm for a while now but was skeptical , guess I'll have to check him out again because I'm frustrated having to lose money , I need a trusted broker with experience
@kristianrathbone1985 3 роки тому
Is there a link to him platform or how can I get in contact with him ? I'd love to diversify and try out new investments
@youpeng8410 3 роки тому
you can easily get to him on tele gram
@SolPhantasmagoria 3 роки тому
Physical fading to digital appears to be the trend for a lot of aspects of shopping and finance these days. With online shopping, home working, and digital services, the need for a physical presence anywhere seems to be lesser each year.
@crezeljanefulltimemomvlog4779 5 місяців тому
3:52
@christopherhutchens8077 3 роки тому
What she is saying is terrifying and for some reason they have happy childish music.
@rogermellie1624 3 роки тому
Yes, total slavery with all of your financial transactions tracked by the Government and the CBDC account able to be 'programmed'
@oscarosullivan4513 3 роки тому
I agree
@josephbrennan370 3 роки тому
That's the economist for you.
@BenShutUp 3 роки тому
Ha, these economists could use some soft skills training.
@jonniecandito181 3 роки тому
What she is saying isn't terrifying. The status quo is terrifying.
@robertewalt7789 3 роки тому
Note quite: the goldsmiths gave customers a receipt for gold (or silver) left to be made into jewelry, or left for safekeeping. These receipts traded as money, an IOU backed by gold or silver. Alternatively, trading companies bought and sold commodities for clients. Sometimes the clients asked them to make/ collect payments by use of acceptances.
@user-ud1gh2ss2x 3 роки тому
W•H•A•T•S•A•P•P +•1•8•0•1•6•9•5•4•0•4•8 I•n•v•e•s•t•inC•r•y•p••t•o B•T•CA•N•D •E•T•H.....!!!!!!
@fernandogael2953 2 роки тому
I got liquidate twice today incase you think futures trading is as easy as traders post about it. The risk involved is too high and some time SL won't work.
@joanachostagian4052 2 роки тому
It's funny if you didn't set signals you might get liquidated before you even go and close the market lol that hurts.
@lindseycarey6163 2 роки тому
Long term is the goal. The entire cypto market is going through a phase and it's time for many person to buy cheap but as expected some who bought bitcion at $60,000 will sell off now at loss for $39,000 and then rebuy when it's back to $65,000. Understand the market cycle Guys!!! That's what my advisor always say.
@fernandogael2953 2 роки тому
@@lindseycarey6163 who is your advisor? if you don't mind me asking i have met lots of professional claiming to what they are not.
@davidbryant4488 2 роки тому
The market does not care about your feelings. it can give you money or give you lasting pain. Trade like a soldier.
@lindseycarey6163 2 роки тому
@@fernandogael2953 Mrs Vanessa Clark that's her name.
@dioc8699 3 роки тому
As if governments don't already see all our transactions 😒
@Halesnaxlors 3 роки тому
Lol yeah. Any digital transaction is already traceable by the government, in addition to the banks themselves, who can do what they want with that data.
@MovieRiotHD 3 роки тому
Decentralise our financial system!
@civirization 2 роки тому
Can we really call money from reserve banks "government" money if most of them are said to be independent?
@Guizambaldi 2 роки тому
Independent from the government, but still part of the State, just like courts are.
@ly4430 2 роки тому
The first half of the video is truly the life saver for a college student like me who is currently struggling with Macroeconomics！！
@Billy-te3mz 3 роки тому
How did you only mention crypto once in an 11 minute video about the future of finance?
@cassienorwood5635 3 роки тому
Right!? I thought that was what it was going to be about lol Especially when it was 11 mins of "but you'll make the banks sad"
@VitePapa 3 роки тому
Considering that defi has started to gain traction, you can create token usd and those tokens are starting to get accepted worldwide in a huge p2p and in person networks. All those tech giants still rely on an underlying undisclosed bank, defi does not.
@charmander777 3 роки тому
Here in Vancouver ...I can tell you that banks here are closing branches and moving online. No banks won't go out of business as long as they keep evolving and adapting . No doubt this is disruption like Tesla or airbnb
@Syne111 Рік тому
It's not just physical branches that aren't needed. Banks themselves will be gone.
@fabioparola3401 2 роки тому
Where can I find the special report she refers to by the end of the video?
@AdamHarrisTrader 3 роки тому
Great video, thank you. The speaker needs a pro microphone, such as the Yeti, or lapel mike. The speaker's sound is not of decent quality.
@Shaker626 3 роки тому
Yeti is not a pro mic...more like an SM-7B.
@neilvanhorne7410 3 роки тому
Why was there almost no focus on crypto currency when this is a large and growing market and technology, poised to change the game?
@seanregehr4921 3 роки тому
It will never last as is. The reason is simple, the quantum computers they are attempting to create will make all forms of encryption obsolete. This erases all the current security standards and models. The fact is crypto currency has only been battle tested against technology that is already widely available publicly. Perhaps they do their own in house testing, but that is very limited and hardly a guarantee of security.
@cieh3452 3 роки тому
@@seanregehr4921although that's a great concern, but I don't think we are going to see powerful quantum computers rolling out anytime soon
@jerryassan4638 2 роки тому
@@seanregehr4921 also that only works for pow cryptos
@alissonmatarazzo9038 2 роки тому
@@seanregehr4921 doesnt work for proof of stake tech like cardano. Fool.
@usejasiri 2 роки тому
@@seanregehr4921 haha, Cardano and Algorand already are quantum proof, and many other blockchains are moving there
@LanielPhoto 3 роки тому
I still onlyu use hard cash. That way I get many discounts, and I don't see why the banks should get a slice of the pie with every transaction. But its really the discounts from many stores - at least equal to what they have to pay the banks when we use interact.
@straingerr 3 роки тому
thats why its important to ask for that discount at every store every time you pay with cash, otherwise you will stil pay the cards commissions and finance credit card rewards for those who use them.
@floralola398 5 місяців тому
Please I need someone to help me trade or invest the forex or crypto market because I'm tired of trading in losses myself. I've blown my account twice and it's frustrating.
@sheryliris4774 5 місяців тому
You're absolutely correct! If you find a reliable broker or account manager who can assist you with trades or provide signals, it can greatly increase your chances of profiting in the market. It's all about finding someone trustworthy and skilled to guide you through the process.
@TERRALESA 5 місяців тому
That's amazing! When I made my initial investment with Expert Mrs. Naomi, I also saw a profit of over $4,000 US dollars. Since then, she has consistently delivered excellent results, and I can confidently say that she is the most trustworthy broker I've come across. Her sincerity and reliability are truly remarkable.
@PennyPascal 5 місяців тому
My first investment with her Expert Mrs Naomi gave me profit of over $4,000 Us dollars and ever since then she has never failed to deliver and I can even say she is the most sincere broker I have known
@ALLYSONEve-nm1pb 5 місяців тому
That's incredible! Mrs. Naomi is not only an exceptional broker but also a lucrative one. It's amazing I just bought myself a dream Mercedes with the profit i made last week, all thanks to her expertise. She truly knows how to make trading profitable and help people achieve their dreams. Congratulations on my new car! 🚗
@nankaichang727 5 місяців тому
I totally understand where you're coming from! Personally, I'm not here to speak on her behalf, but I can definitely testify based on what I'm sure of. From my own experience, she has proven to be trustworthy and the best option I have ever seen. It's truly amazing to have someone like her in our course.
@stevensteven4863 3 роки тому
First thing first I can't miss them...now lets continue :-)
@axin4672 2 роки тому
My friend, what do you think differently
@Zov631 3 роки тому
Whatever direction the economy is heading, banks will find ways to capitalize on . Period
@zitkadutayuma3072 Рік тому
I HAVE ATTRACTED SO MUCH LOSSES TRADING ON MY OWN, I TRADE WELL ON DEMO BUT I THINK THE REAL MARKET IS MANIPULATED. CAN ANYONE HELP ME OUT ATLEAST TELK ME WHAT IM DOING WRONG.
@hernandezgagne5103 Рік тому
Same here, my portfolio has been down the drain while I try trading, I don't just know what I did wrong.
@utahtadi4079 Рік тому
@Vanessa Clark Wow!!! I'm just shocked you mentioned and recommended Expert Cathie wood. I taught I'm the only one trading with her.
@utahtadi4079 Рік тому
@Vanessa Clark I stumbled upon one of her clients testimonies and decided to try her out....I'm expecting my third cashout in 2days.
@yahtowapi8279 Рік тому
@@utahtadi4079 Here in Canada Mrs Cathie wood carries out the best orientation and mentorship. Mrs Cathie Wood is indeed a forex mentor. With my first investment of $ 700 I got a Rio of $35000 in a week.
@stuffelturli7215 Рік тому
@@utahtadi4079 please how do i get in touch with Mrs Cathie wood
@caroledoerr6872 2 роки тому
The banks can't get a part of small businesses, but they can from zombie corporations. I can see clearly what is happening. Thank you!
@milesharris5315 3 роки тому
Absolutely. The design of western CBDCs is dreadful; effectively bypassing the need for a banking infrastructure. First, the small banks will go bust, then the larger ones until we reach Sovietization of the economy. In contrast, the Chinese CBDC is designed to utilise the banking sector as a means of growth. Oh and fractional reserve banking has been disproved by Professor Werner. Social credit system and complete control is the plan!
@toukka4 2 роки тому
Yeah right...
@Andrewjames319 3 роки тому
Is a very nice review from the bank keeping up to there daily tax smiles. I would really love to ask my fellow citizens isn’t it time we stop pilling-up money, and start making money out of your own money? YEAH I know a lot will ask in what way can they make money out of there own money. Hmmmmm Very easy!!!!!!!! LETS TAKE A PEN AND A PAPPER TO MY DISCUSSION WHERE I WILL EXPLORE BY GIVING YOU A LIFE TIME OPPORTUNITY WITH JUST THREE MAJOR AIM.
@Showmetheevidence- 2 роки тому
Change is always tough, but this kind of change is unprecedented... so it’s going to be really interesting to see how this plays out. Of course politicians and laws will play a huge role here!
@Syne111 Рік тому
No need for those. Code is law! And politicians are centralized
@bensoco 3 роки тому
Another factor to consider in this equation is DeFi. Instead of traditional banks lending, average people can lend their money out and gain interest on it using a decentralized protocol like Compound. This kind of thing could put more money into average people's wallets, a new avenue of passive income for people not satisfied with the super low interest rates on their savings accounts.
@danrayson 3 роки тому
In Russia you don't choose your currency, your currency chooses you
@oscarosullivan4513 3 роки тому
Dead meme
@danrayson 3 роки тому
@@oscarosullivan4513 Dead meme
@marciahayes3381 3 роки тому
Banks brought it upon themselves. Now, more people are getting to know Cash is thrash and is designed to fail. 3 best and surprisingly easy ways to double/hold your funds in 2021 instead of banks; Real Estates, Gold, who can guess the 3rd?
@randolphwagner7658 3 роки тому
Has to be stock trading!!! Made my first million through it earlier this year as a newbie after I met a professional from a reputable firm... Retiring by next year with absolutely no fears!!
@roynorris7682 3 роки тому
@@randolphwagner7658 Thats really impressive. Have tried doing that on my own without any luck for sometime now. Who is this professional you worked with please
@randolphwagner7658 3 роки тому
@@roynorris7682 "Martha Elizabeth Linsley", she was in the news when she revived Grumac company in 2018. You can look her up on the web to get more on her!
@sonyawashington1022 3 роки тому
@@randolphwagner7658 Wow I know this pretty little lady. Met her once at a fundraiser in Dallas. Great speaker.
@tommybaldwin5360 3 роки тому
Stripping? Go fund me? Only fans?
@agnakruger4090 Рік тому
Certainly! Crypto poses an existential threat to the central banking system. Compared to fiat, it’s better in terms of faster transactions, lower fees and security. As a retailer I’ve also taken a big step to launch crypto payments in my business and have opened a merchant account with Capital wallet. Really proud of this decision of accepting cryptos in my business.
@kellikelli4413 Рік тому
Crypto is the precursor the govts CBDC (but with no freedom). Crypto was allegedly set up by the 'powers that shouldn't be' to get useful idiots used to NO CASH... And you all fell for it.
@teresabarrett8676 2 роки тому
Digital currency gives the "state" full control of our money. The "state" will know where and how much we spend every cent and can confiscate all or part of our money at any time!
@sesetio338 2 роки тому
Peer to peer payment system through BTC and other alt coins.
@FatRonaldo1 2 роки тому
99% of all money is already digital deposits which the government can view or seize at any time if they really want to
@Garybell09 2 роки тому
@@FatRonaldo1 Lots of people still use cash & they should continue to do so.
@FatRonaldo1 2 роки тому
@@Garybell09 I’m not suggesting anyone stop using cash, I’m saying that the OPs fear is already a reality
@Garybell09 2 роки тому
@@FatRonaldo1 It’s not tho a lot of people only really operate with cash Sure some cash may go in the bank but it’s not the same they can go spend it on what they want & the government don’t know.
@justindwaunredding9770 3 роки тому
You clearly need a mix of both...
@oscarosullivan4513 3 роки тому
Thank you
@josephbrennan370 3 роки тому
@@oscarosullivan4513 this guy is commenting on every comment on this video lol.
@sennasennina4891 3 роки тому
You are too nice with banks. You are not explaining about Seignorage revenue realized by the private banks on money they created from thin air.
@hjooy 3 роки тому
Don't understand your comment; they so explain this.
@huckleberryfinn6578 3 роки тому
This is called fractional reserve and was already explained at the beginning of the video.
@MrMichaeljhinde 2 роки тому
So it becomes harder for businesses to get loans once the banks are replaced... does the same become true of personal loans, particularly for mortgages? That'd be a huge shift given the size of personal debts and a final nail in the plans of people to get on the housing ladder?
@stromorphlutis4665 3 роки тому
Decentralized servers, no cyber warfare. Proof of work, proof of stake, proof of space
@Steven-D-Allan 3 роки тому
Love the images of old computer technology - how did we ever manage!
@gdsheppa2968 3 роки тому
My favourite clip was "So what the heck is Napster?"
@oscarosullivan4513 3 роки тому
@@gdsheppa2968 A formerly illegal music website
@stevenpadilla4294 3 роки тому
Id ride that hottub time machine back to 1970 any day.
@sallybryan3754 3 роки тому
It's great..... already in Kenya we are used to mobile money and it's twice as big as all banks here combined
@GDKLockout 3 роки тому
You should look at Cardano. If all of africa is the first to adopt crypto as their main currency, we will move into a new age of Africa leadong the world. You have all the metals needed for computing already.
@naderhastam 3 роки тому
"governments control your ability to where and where not to spend your money" hummmmmm I wonder where I've heard that before???? OFAC office of foreign assets control
@Akber2o3 2 роки тому
Science and technology will always. Blockchain is newer and fractional reserve banking is outdated. Crypto will launch to another level when people learn that banks are just a middle man and humans dont need a bank for transactions. ELIMINATE THE MIDDLE MAN AND GIVE POWER TO THE PEOPLE. The only thing saving fiat is the government forcing it to be legal tender in your country.
@ANTREU96 3 роки тому
Here is a crazy Idea: Stop relying on monetary policy, act through meaningful fiscal policy and do your job of managing the economy via real policy and not numbershifting (aka monetary poicy)
@miked8249 3 роки тому
I don’t know what is scarier, digital currencies or the responses to this video?
@GDKLockout 3 роки тому
Its the banks you should be scared of. Cyrpto is our saviour.
@JeffreyNavarrete1 3 роки тому
How are the responses scary, would you please elaborate thanks
@LEA82345 3 роки тому
@@GDKLockout Crypto idiot bot and its deluded preprogrammed response...
@GDKLockout 3 роки тому
@@LEA82345 lol, do you even know what a blockchain is? Do you even understand fiat currency and the effect of printing cash digitally? Do you even k ow what inflation is and the effect of printing 9 trillion dollars last year? When you cant even dream of owning a house and your wages dont cover your rent, you might start gwtting with the times. Coz right now you sound like the idiot who thought the car wouldnt compete with a horse. Or that the internet was a fashion trend. If nothing else will convince you, consider that i can can already pay for my grocery shopping with paypal. And paypal transactions are now conducted on the ethereum chain. Meaning i just bought my food using crypto, without needing dollars at all.
@davide56 3 роки тому
The bots trying to sell you crypto investors and the constant barrage of crypto drones are just an attempt to make people fall into FOMO, inflating the prices of coins to make quick pump and dumps. CBDCs aren't like that, and they are already being prototyped in various places. You don't have anything to worry unless you work in a bank or hate cheaper fees when transferring money, and even then, whatever bank less future some people envision wont come for a while(decades) if it even happens as they do still have a large sway in the world politically, as owners of large real physical assets and the employer of millions of people across the globe.
@yurialmeida4840 2 роки тому
"Innovations like these could also disrupt the financial equilibrium" Oblivious enough Innovation should always be cherished.
@wearethepeople7157 2 роки тому
If anything giving the people the ability instead of centralised banks will only increase the equilibrium yes may have a big dip recession but its what you do in that said recession which will bring you out the ther side
@Ediongvlog 3 роки тому
in decentralize system it will only takes seconds to settle your transaction while in bank before you can withdraw your hard earned money they will ask you a heck of personal information tons of documents for proof of your purchase etc. then you will wait for 3-5 working days to verify your transaction. i hope in mars no more banks.
@mallarchakraborty4660 3 роки тому
Decentralisation would also mean that hackers and such related non-state actors can acquire your hard earned money. It can also mean that you see an increase in global cyber attacks and terror financing thereby leading to a greater destabilized world. So isn't it just better to take some time and fill some more information about yourself than watch the social fabric effectively fall apart?
@evanmathias7490 3 роки тому
Business: I am selling money, you can buy as much as you like. We have made it slightly stable by making it hard to sell anything but small amounts, unless you are a player. (Think of it as interest on laundering drug money). Not sure if other businesses will see profit in selling money...
@markstaddon4993 3 роки тому
Banksters are like parasites, and the digital currency is a curse. There is no equilibrium when you add time and movement.
@zayaanzakir 3 роки тому
I learned more about finance in 11 mins than I did in school 😆
@h7opolo 2 роки тому
2:32 i don't think the word "elastic" applies at all here. perhaps she meant "dynamic."
@bullrider9617 3 роки тому
So what shoul we do now ? I wpuld be rather happy if you suggested some ideas for us savers !!
@tohagan12 3 роки тому
Use a stable coin like USDC/USDT and you can guarantee 8+% interest with no risk to the underlying value of the digital currency
@barking3933 3 роки тому
buy DOGE
@theworldofswynn6622 3 роки тому
Move your cash to stablecoins and earn interest. Its either that or die from inflation
@NeoStoicism 3 роки тому
stablecoins experience the same inflation as the underlying fiat
@rogermellie1624 3 роки тому
Go all in x100 leverage on DOGE?
@ericklestrange6255 3 роки тому
this video has been due for years
@flatearth2898 Рік тому
OF COURSE!!! GOVERNMENT'S AROUND THE WORLD... WILL LOSE TRILLIONS OF DOLLAR'S IF THEY TRY TO GO DIGITAL. KEEP IT "CASH" IF YOU WANT TO PROSPER!!!
@knightmare1015 2 роки тому
The central banks hate 4 things. #1: a bank run because they only have about 1/8th of the actual cash in their vaults versus what they have on their accounting ledger. #2: A real independent audit where they have to allow an outsider to come in and actually count the money and compare it to what's on their books. #3: Digital money because they can't do fractional reserve banking and change the money supply into their favor. #4: Decentralized Blockchain accounting ledgers because it puts them out of business.
@bambiryba 3 роки тому
CB‘s digital assets? Not a word about decentralised blockchains, ethereum, defi, cardano and co. in a segment about future, digital money and loans? Economist readers are gonna be stuned about future ahead of us :D
@iamdmc 3 роки тому
Monero is best - untraceable, totally private from block 0 until the end of time
@alexnagorny7692 3 роки тому
Please, explain me, what will You do with your CBDC, when the electricity will suddenly disappear in your sockets? Like in Texas this winter...
@troubadour6987 2 роки тому
T
@sabastinerolland7548 3 роки тому
Hello, I'm new to forex trade And have been making huge losses but I recently see a lot of people earning from it. Can someone please tell me what I'm doing wrong
@brooksrodriguez3628 3 роки тому
All you need now is a professional broker else you gonna continue blowing of your account.
@jenifferraw8492 3 роки тому
@@brooksrodriguez3628 You're right sir, Thanks for introducing me to Mrs Natalie
@wolfgangklaus3530 3 роки тому
People are scared of investing because of the high rate of scam in the business
@joachimanke7073 3 роки тому
@@wolfgangklaus3530 There are scammers but real brokers are out there for investors
@wolframfred9456 3 роки тому
My first investment with Mrs Natalie gave me profit of over $12,000 Us dollars and ever since then she has never failed to deliver and I can even say she's the most sincere broker I have known
@markreynolds1112 3 роки тому
wait whts the advantage to using cbdc?
@arturobarchiesivitali397 3 роки тому
Idk if this comment section is full of bots or what
@balucse019 3 роки тому
It is full of bots.
@hjooy 3 роки тому
Bot Jrxv34 Bot x another Bot and yeah, that's also a bot
@acchaladka 3 роки тому
It’s annoying, because one of the real values of yt is in the comments section, when it’s working.
@Ureallydontknow 3 роки тому
Full of bots just like the journalists
@philipdavies5195 3 роки тому
A video about the comparative environmental impact of cryptocurrency’s compared to physical money would be interesting.
@lunasinger2735 3 роки тому
Have you heard about Bill Gates's patent for a device that uses a person's body energy to mine for cryptocurrency? The patent was granted 3/26/2020. Scary times we're in. Neurolink, DARPA chip, and this-- pure dystopia. I guess they want to find a use for us when the Fourth Industrial Revolution renders us, in the words of a member of the World Economic Forum, "useless."
@oscarosullivan4513 3 роки тому
@@lunasinger2735 I agree
@cryptoanup6153 3 роки тому
Thanks for watching, Endeavor to write as soon as possible for more enlightenment
@Syne111 Рік тому
Especially after the Eth merge that nobody is talking about
@JustinRHarris 2 роки тому
You can go shopping if they allow you to, basically..... that is exactly too much control.
@Emrico35 2 роки тому
I prefer Decentralized Finance (DEFI) instead of traditional banking system. Where else you can get %15 return on USD?
@alpslumberjack667 2 роки тому
Also -45% in a return.
@Emrico35 2 роки тому
@@alpslumberjack667 Nah. Not possible with stablecoins..
@user-gz4ve8mw9l 2 роки тому
@@alpslumberjack667 You only lose if you realize that capital loss. Simple don't sell unless it goes back up.
@gabimizore86 3 роки тому
Nice work
@mlchaelsaylor5440 3 роки тому
W,ha’t,s,’a,pp F,or e’xper,t..’an.al’y’sis + .:1’6”5,..’9’2,,’0’.1,,5’,8,,’7’1,,
@rogermellie1624 3 роки тому
In shilling CBDCs. Coming soon to complete your financial enslavement
@allisonshaw4606 2 роки тому
So the answer to me seems obvious, at least in the states, retail banks create their own “stable coins” which is a derivative of the hard fiat cash they have on hand or a hypothetical CBDC. Consumers have better clarity into their banks financial health (based on the price of Main St Bank Coin) and we preserve the current equilibrium and increase efficiency simultaneously
@widayantosetio 2 роки тому
Sincerely asking, what's wrong if country can track our payment ? Why it seems like a big matter for many people ? I buy gadget, clothes, etc via online shop using online payment and i know my purchase can be tracked by bank and even goverment, but so what ? Why should i worry ? Tax ? I hate it but i cant avoid it, or any other reason i dont understand ?
@josiegacia3397 3 роки тому
*Rich people plays the money game to win.* *Poor people plays the money to not lose.* *The goal of the truly rich people is to have massive wealth and the poor sees a surplus as an opportunity for consumption instead of investing it.* *change your mindset and do what the rich does,* *which is investing,* *investing and investing.*
@samuelteddy.439 3 роки тому
That's true.
@samuelteddy.439 3 роки тому
Cryptocurrency is a gamble. But everyone should be investing on.
@tonymonin5580 3 роки тому
Everyone knows cryptocurrency is a gamble majorly for the extremely rich.
@tonymonin5580 3 роки тому
But anyone who is not investlng now is missing a tremendous opportunity.
@inociase8132 3 роки тому
Yes. It's better to take risk and make sacrifices than to remain poor or settle for less..
The Wall Street Journal
Переглядів 338 тис.
Is a Digital Dollar Coming? Some Financial Experts Warn It Could be Instrument of Government Control
CBN News
Переглядів 239 тис.