Hard Asset Money Show

03/29/23  The evolution of digital payments is leading us from a cash-based society to a cashless society where the Federal Reserve and other central banks around the world are putting together a platform that will interconnect itself globally. There will be different types of central bank digital currencies that will intersect on the platform, allowing transactions to take place. The new payment form will be centralized, and people will have instant tokens in their wallets, representing digital payments. People will also have a social credit score tied to their everyday life that will determine how many tokens they have, when they can use them, where they can use them, and what products and services they can buy. This will give the government full control over all payment options. 23 banks in the US are now in a pilot program to launch a digital pilot program, and the consumer retail program is set to launch in October of this year, allowing people to get used to the new system before holiday shopping. However, people need to be aware of the limitations and restrictions that the government will have over their payment options and how this new system will affect their lives.

03/29/23 Several countries are implementing Central Bank Digital Currencies (CBDCs) through commercial beta testing, which could replace physical cash in the future. Japan released their beta version a few weeks ago. The move towards digital currencies has caused concerns about the increased control that governments and banks may have over people's financial activities, including the ability to track and limit transactions. The digital yuan, China's CBDC, is becoming increasingly popular, threatening the US dollar's status as the world's reserve currency.

03/27/23 Fed Now is a new system that allows individuals and businesses to make real-time payments directly to the Federal Reserve, bypassing intermediaries like banks. The system is set to launch on July 1st and is part of a larger effort to create a centralized, closed-loop system of digital payments. The goal is to increase efficiency, safety and convenience for users. However, some are concerned about the implications of a centralized system that is controlled by the government and the Federal Reserve. Some worry that this will lead to more surveillance and control, and that smaller community banks will suffer as a result. Nevertheless, the system is set to launch in July and will likely change the way people make payments in the United States.

03/27/23 The sanctions placed on various countries over the years, particularly Russia, have led to a drop in demand for the dollar and a corresponding drop in its value. As a result, countries such as China, Russia, Iran, North Korea, and Saudi Arabia are forming alliances and looking to limit the use of the dollar in favor of their own currencies or a standardized currency they can all agree on. This move is being driven by the desire to have bankable value and reduce the dominance of the dollar as the world's reserve currency.

02/23/23 China and Iran are building a strategic partnership. A cooperation agreement has been signed where China and Iran will work together to expand their collective interests while diminishing the United States global interest. Iranian President Ebrahim Raisi spoke to a crowd in Beijing, stating “a new world order is forming, and taking the place of the old one, and the epicenter of the new world order is Asia.”

08/17/22 - What is the CBDC? When will it come out? And what does it mean to us here in the United States and the rest of the world? In the very near future, we are going to a cashless global society. A global digital payment platform. The Chinese government has already rolled out the digital yuan, or the e-CNY, and it has been accepted by many countries around the world, including India, North Korea, Venezuela, Cuba, and Russia.

06/22/22 - The United States government has adopted the CBDC, or the Central Bank Digital Currency, as its new monetary policy. That policy will then eliminate all greenbacks, or the current cash that we use every day. On this podcast, we are going to look at why this is being expanded through the United States so quickly.

06/20/22 - Today, we’re going to be talking about inflation, deflation, stagflation, and what it all means. Inflation has been the topic of everyone’s conversation recently. In simple terms, inflation is caused by the overstimulation of the economy through the government printing of money.

06/17/22 - What is going on in the marketplace? The Dow Jones keeps dropping, bonds are getting crucified, the real estate market is coming down fast… We are seeing similarities to the 2008 overstimulated housing market, but this time it’s in multiple asset classes – housing, bonds, equities, crypto, these areas have doubled, tripled, or even quadrupled in the last 5 years or so. That is an over-appreciating, overstimulated asset with too much cash being thrown at a limited supply.

06/10/22 - In the summer of 2007, Greece started to have massive cracks in its credit, and there were systematic runs on the banks. Italy became the second country to have credit defaults. Now, we are seeing similarities. The ECB, or the European Central Bank, which is the Federal Reserve of the European Union of 13 countries, has a crisis on its hands, as the 10 year bond rates in Europe widened relative to the German bonds. The president of the ECB is already being asked to bail out the banks in Greece and Italy.