central bank digital currency

In this episode, I address the disturbing video of Tucker Carlson stating we’re “speeding towards an assassination” of Trump.  News Picks: The plot to take out Trump is metastasizing. Inflation is moving up again.  DHS was using suspicious communication methods to censor people. Former Australian PM doesn’t know what a woman is. CNN gets caught defending a pedophile. California school district settles lawsuit over “transitioning” a child. Copyright Bongino Inc All Rights Reserved Learn more about your ad choices. Visit podcastchoices.com/adchoices

Sebastian Lyon says he’d been expecting inflation to rise for a long time. So when prices began to tick up, his firm was ready. Now the founder and chief investment officer of Troy Asset Management says be prepared for inflation to stick around awhile.

Lyon says rates can still fall, and not every part of the economy that thrived in a low-interest environment will run into trouble. So what’s at risk? He says housing, growth stocks, bonds and banks for starters. In terms of protecting investor wealth, Lyon echoes others by suggesting gold.

Sign up to John Stepek's daily newsletter Money Distilled. https://www.bloomberg.com/account/newsletters/uk-wealth

See omnystudio.com/listener for privacy information.

IN THIS EPISODE, YOU’LL LEARN: 05:56 - Indicators that Joe watches to forecast market moves. 13:19 - Why the Fed pivot might take much longer than many current estimates. 14:56 - How the Fed could use $2T in reverse repos to provide liquidity before needing to lower interest rates. 27:49 - CBDCs and how they compare to bitcoin, Ethereum and others. 55:39 - The real estate market in the US. 60:40 - Household financial health.  And much, much more! Disclaimer: Slight discrepancies in the timestamps may occur due to podcast platform differences. BOOKS AND RESOURCES Join the exclusive TIP Mastermind Community to engage in meaningful stock investing discussions with Stig, Clay, and the other community members. Heresy Financial Youtube. Financial Heresy Podcast. The Forgotten Depression by Jim Grant. NEW TO THE SHOW? Check out our We Study Billionaires Starter Packs. Browse through all our episodes (complete with transcripts) here. Try our tool for picking stock winners and managing our portfolios: TIP Finance Tool. Enjoy exclusive perks from our favorite Apps and Services. Stay up-to-date on financial markets and investing strategies through our daily newsletter, We Study Markets. Learn how to better start, manage, and grow your business with the best business podcasts.  SPONSORS Support our free podcast by supporting our sponsors: River Toyota Linkedin Marketing Solutions Fidelity Efani Shopify NDTCO Fundrise Wise NetSuite TurboTax Vacasa NerdWallet Babbel HELP US OUT! Help us reach new listeners by leaving us a rating and review on Apple Podcasts! It takes less than 30 seconds, and really helps our show grow, which allows us to bring on even better guests for you all! Thank you – we really appreciate it! Learn more about your ad choices. Visit megaphone.fm/adchoices

Richard Turrin is the best selling author of Innovation Lab Excellence, and recently published his new book Cashless: China's Digital Currency Revolution. This new release covers the story and context of China’s new Central Bank Digital Currency (CBDC) and the innovation happening in that space.

In this episode, Richard walks us through the efforts China has made to innovate within its Fintech platforms, and how it poses a long-term threat to US Dollar dominance. With smart contracts on the way, what does the world look like with a maximally successful Chinese CBDC? Listen in and find out.

In this episode's exclusive debrief, we dive into all the questions we didn't have time to ask and explore how big of a challenge CBDCs pose to crypto. Get it here:

https://shows.banklesshq.com/p/exclusive-debrief-chinas-digital 

------
📣 PoolTogether | DeFi's No-Loss Lottery Protocol
https://bankless.cc/PoolTogether 

------
🚀 SUBSCRIBE TO NEWSLETTER: https://newsletter.banklesshq.com/ 
🎙️ SUBSCRIBE TO PODCAST: http://podcast.banklesshq.com/ 

------
BANKLESS SPONSOR TOOLS:

💰 GEMINI | FIAT & CRYPTO EXCHANGE
https://bankless.cc/go-gemini 

🔀 BALANCER | EXCHANGE & POOL ASSETS
https://bankless.cc/balancer 

👻 AAVE | LEND & BORROW ASSETS
https://bankless.cc/aave 

🦄 UNISWAP | DECENTRALIZED FUNDING
http://bankless.cc/uniswap 

------

Topics Covered:

0:00 Intro
9:30 Richard Turrin
12:03 Where The US Went Wrong
16:34 China’s Last 10 Years
23:10 Comparing the User Experience
30:00 A Cultural Divide
38:17 A Regulatory Divide
47:00 Central Bank Digital Currencies
57:43 Digitized vs Digital Currency
1:05:19 Benefits of a CBDC
1:14:48 The Design & Smart Contracts
1:25:00 Verification and KYC
1:30:57 China’s International Ambitions
1:35:43 The Impact on Crypto
1:39:13 When the West Wakes Up
1:42:03 Closing & Disclaimers

------
Resources:

Richard on Twitter
https://twitter.com/richardturrin?s=20 
Cashless: China's Digital Currency Revolution
https://www.amazon.com/Cashless-Chinas-Digital-Currency-Revolution/dp/1949642720/ref=tmm_pap_swatch_0?_encoding=UTF8&qid=&sr= 

-----
Not financial or tax advice. This channel is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. This video is not tax advice. Talk to your accountant. Do your own research.

Disclosure. From time-to-time I may add links in this newsletter to products I use. I may receive commission if you make a purchase through one of these links. Additionally, the Bankless writers hold crypto assets. See our investment disclosures here:
https://newsletter.banklesshq.com/p/bankless-disclosures