10/30/23: The Digital Dollar and the Future of Money
The 2008 financial crisis blurred the lines between Wall Street and Washington, D.C., reshaping how investors view market signals. Today, Central Bank Digital Currencies (CBDCs) stand at the forefront of this intersection, with nations globally adopting or exploring them. We also shed light on the political debates surrounding CBDCs in the U.S. and underscore the importance of financial literacy in this digital age.
THE TRUTH ABOUT YOUR FUTURE with Ric Edelman · Ric Edelman
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Show Notes
Have you ever wondered about the intersection of politics and money? Historically, Wall Street and Washington, D.C. operated in separate spheres, but the 2008 financial crisis changed that dynamic. With the Troubled Asset Relief Program (TARP) and its $700 billion bailout, the financial epicenter shifted from New York to D.C., where decisions now influence global markets. Central Bank Digital Currencies (CBDCs) are the latest financial instruments caught in this political crossfire. While countries like China have already adopted CBDCs and others are in development, the U.S. finds itself in a heated debate.
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Links from today's show:
CBDA to become Certified in Blockchain and Digital Assets: https://dacfp.com/certificatIon/
Boston Fed, MIT complete research project into feasibility of a central bank digital currency: https://www.bostonfed.org/news-and-events/news/2022/12/project-hamilton-boston-fed-mit-complete-central-bank-digital-currency-cbdc-project.aspx
Bank of England statement on Central Bank Digital Currency: https://www.bankofengland.co.uk/news/2021/april/bank-of-england-statement-on-central-bank-digital-currency
JPM Coin [ONYX]: https://www.jpmorgan.com/onyx/coin-system.htm
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