Australian central bank sees no public policy case for retail CBDC

Australian central bank sees no public policy case for retail CBDC

Brushing aside concerns over monetary sovereignty, the Reserve Bank of Australia says that the public policy case for issuing a general purpose or retail CBDC in Australia is still to be made.

Wholesale Central Bank Digital Currencies (CBDCs) – The Future or a Complex Solution?

In Open Banking Expo’s Central Bank Digital Currency virtual event, we welcomed an exclusive panel to discuss wholesale CBDCs. In particular, we:

– Review the most important wholesale CBDC projects to determine whether CBDC will move out of exploration and experimental stages to transform the traditional wholesale environment
– Explore the value proposition for wholesale CBDCs including digital exchanges, cross-border payments and wider payments systems
– Analyse the wholesale CBDC framework, delving into the design, use and interoperability of DLT
– Consider the uncertainty around wholesale CBDCs to understand if their benefits outweigh the risks
– Tackle regulatory questions, coexisting with fiat currency, taxonomy and global standardisation, ecosystem development, other solutions than CBDCs to improve wholesale inefficiencies.

James Pomeroy, Global Economist, HSBC
Segun Bewaji, Team Lead, Senior Economist, Payments Canada
Will Lovell, Head of Future Technology, Bank of England

Moderated by:
Noelle Acheson, Managing Director of Research, CoinDesk

Central Bank Debt Crisis to Usher in CBDCs? with Clive Thompson

Interview recorded – 12th of January, 2023

#cbdc #debtcrisis #WTFinance #preciousmetals

On this weeks episode of the WTFinance podcast I had the pleasure of speaking with Clive Thompson, a retired Wealth Manager from Switzerland.

During our conversation we spoke about how Central Banks are becoming insolvent, three potential courses of actions Central Bnaks have, how this could lead to CBDC’s and a monetary reset and what assets would protect wealth during this period. I hope you enjoy!

0:00 – Introduction
0:30 – How are central banks making large losses?
9:25 – Could Central Banks print more money?
10:00 – Normal accounting rules do not apply to central banks
10:40 – Are central banks in a death spiral?
12:20 – Can the current system be saved?
14:15 – 3 potential courses of action?
15:15 – Catalyst for a change in the system?
16:37 – CBDC’s and a monetary reset
20:38 – Will this be different to current system?
22:46 – How does this solve the debt issue?
30:40 – Could banks be replaced by central banks?
32:00 – How does a currency reset effect asset owners?
34:20 – Any assets which would protect wealth?
41:30 – When could this happen?
52:35 – One message to take away from our conversation?

Clive has 47 years of experience in finance & wealth management. This encompasses structuring and advice relating to quoted investments, Private Equity investments, family businesses, tax, residency, real estate, inheritance, Wills, legal, lending, Trusts, Companies and Foundations and all kinds of personal and private advice. He has been actively involved for decades in the arena of Trust structures. This often involved negotiating and discussing the contracts relating to the sale of family companies.

Clive’s latest position before retirement was as Managing Director in the Anglophone Private Clients Department of Union Bancaire Privée, UBP SA, based in Geneva. He was responsible for wealth management services provided to a small number of wealthy English and French speaking families.

Clive continues to remain very active in the world of wealth, with a strong focus on Private Equity, and direct Equity Investing via the global stock markets. His passion is the financial analysis of Balance Sheets, P &Ls, Cash Flow and business projections. Clive loves examining business opportunities, like Private Equity, and digging into the fundamentals of quoted companies to achieve a market beating performance.

Clive Thompson –

LinkedIn – https://www.linkedin.com/in/clive-thompson-661997251/
Video – https://www.youtube.com/watch?v=L9aye4wQ8Ok

WTFinance –

Instagram – https://www.instagram.com/wtfinancee/
Spotify – https://open.spotify.com/show/67rpmjG92PNBW0doLyPvfn
iTunes – https://podcasts.apple.com/us/podcast/wtfinance/id1554934665?uo=4
Twitter – https://twitter.com/AnthonyFatseas

Thumbnail picture from – https://www.elitium.io/what-is-a-central-bank-digital-currency-cbdc-and-why-should-you-care

How to Refuse The CBDC Reset | Michael Rectenwald

Michael Rectenwald just released his new book exposing the globalist reset. He details a nine-point plan to refuse this reset. #1 on his list is rejecting central bank digital currency. He says CBDCs represents the single greatest threat to liberty.

The “anti-woke professor,” Rectenwald is a champion of liberty and opposes all forms of totalitarianism and political authoritarianism, including socialism-communism, “social justice,” fascism, political correctness, “woke” ideology, and big tech censorship. He has appeared on Fox news The Ingram Angle, The Dan Bongino Show, Lew Rockwell, and other major and independent media channels.

Michael Rectenwald online: https://www.michaelrectenwald.com

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0:00 Intro
2:56 Michael’s new book
7:06 CBDCs
13:50 Internet of Bodies
21:40 Digital identity
26:34 Free market
29:00 ESG regulation
43:56 Network

https://hopin.com/events/rule-rule-s-virtual-silver-investors-bootcamp?utm_source=aff &utm_campaign=1

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Central Bank Digital Currencies | Davos | #WEF22

While rapid decarbonization to reach net zero by 2050 remains an imperative, helping the estimated 3.6 billion people living in vulnerable contexts to adapt to climate change is also an urgent global priority.

How can public-private partnerships in areas such as technology, finance, and innovation both create business value and strengthen climate adaptation?

The World Economic Forum is the International Organization for Public-Private Cooperation. The Forum engages the foremost political, business, cultural and other leaders of society to shape global, regional and industry agendas. We believe that progress happens by bringing together people from all walks of life who have the drive and the influence to make positive change.

World Economic Forum Website ► http://www.weforum.org/
Facebook ► https://www.facebook.com/worldeconomicforum/
YouTube ► https://www.youtube.com/wef
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LinkedIn ► https://www.linkedin.com/company/world-economic-forum
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#Davos #WorldEconomicForum