Fair to say this move doesnt catch you as a surprise break down what this could look like would we have a digital wallet separate from your regular bank accounts. Well essentially thats probably what would happen i guess thats what theyre trying to get in my tea to take a look at whats fascinating about this is the feds terminology ive been saying for well over a year the fed was going to do this at some point very soon in fact i think i even said it this week and yet here we are at this moment where the fed is saying well were going to create a hypothetical Digital Currency is not hypothetical dont even talk like that right thats a ridiculous terminology the reality is the fed knows that its way behind the rest of the world in this way behind the cryptocurrency boom that has taken place since 2013 with the advent of big going and then moving forward from there and so theyre trying to catch up now while pretending what were checking safety were checking security no theyre not what they
Good to see you two. How are you faring in this pandemic time. A little cabin fever, i must admit, im eager to get back to traveling again, i was getting sick of it before the pandemic and im eager to get out of california. How are you . Pretty good were all doing what we can to get through it. Even the movie contagion which said was going to happen Something Like this but it did not capture the full scope of what is unfolding, a gift to my first question about the book which is apocalypse never, very definitive statement unless surgeon wants and i missed, it implies certainty and worlds of interlaced, i describe her Current Situation as tripwires and landmines that are complex and largely unpredictable in the system. So are you confident when you say apocalypse never. Thank you andy, the argument of the book is that Climate Change is real but its not the end of the world and not the most serious environmental problem, ive been a climate activist for 20 years environmental for 30, i se
This is a boom bust the one business show you cant afford to miss their montecito in washington coming up the Federal Reserve has that its working on the next pair of mental Digital Currency and now theyre partnering with a Big University to test it we have a boom bust panel coming up and michigan built its plan for the future of the auto sector but how long before we actually see the plant come to fruition you have a car folks standing by several lots to get to so lets get started. With the news of Central Banks around the world creating their own Digital Currency as well many have wondered if and when the u. S. Might follow suit well now we have a better idea as the u. S. Federal reserve has now partnered with mit to develop a hypothetical Digital Currency over a 2 to 3 year period in other words this is a digital equivalent to cash Federal Reserve board governor brain ard said given the dollars Important Role it is essential that the Federal Reserve remain on the frontier. Research
A digital equivalence to cash Federal Reserve board governor lowell brain ard said given the dollars Important Role it is essential that the Federal Reserve remain on the frontier of research and policy development regarding c. B. C. s but many are questioning its safety and whether or not it will actually bypass Central Banks well for more on this were joined by ben so on and Christiane I Ben lets start with you because this is something that weve talked about multiple times on this show that the fed will soon attempt to create its own Digital Currency now i think its fair to say this move doesnt catch you as a surprise break down what this could look like would we have a digital wallet separate from your regular Bank Accounts well essentially thats probably what would happen i guess thats what theyre trying to get in my teeth to take a look at whats fascinating about this is the feds terminology ive been saying for well over a year the fed was going to do this its. Point very soon in
Pretty good. Were all doing what we can to share a moment, even those avoiding the contagion which supposedly presaged what was going to happenreally didnt capture the full scope. I guess my first question is about the book which is apocalypse never. Its a very definitive statement unless theres nuances that ive missed. It implies certainty in a world of interlaced. I describe our Current Situation as tripwires and landmines that are interlaced and complex and unpredictable in a complex system so are you confident when you say apocalypse never and i guess that depends on the definition of apocalypse. Thanks andy. The arguments in the book is Climate Change is real but its not the end of the world and its not even almost areas environmental problem. I plan climate activist for 20 years, and i see what im trying to do here is more if youre a cancer doctor and theres like a bunch of people are saying everybodys going to die of cancer or billions are going to die of cancer in 10 years goin