Questioning its safety and whether or not it will actually bypass Central Banks well for more on this were joined by political host 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 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 ridiculous termino
And learn about new technologies and innovations as well as the work of some visionary architects. All of which raises a central question who will actually be able to afford to live in the city of the future according to the i. M. F. Global house price index over the past 20 years prices have risen and risen with a small dick just after the financial crisis. Over the last 10 years the cost of many essentials in o. E. C. D. Countries has gone down food for example leisure activities closing. Others meanwhile the state constant like transportation costs and health. But rents and mortgage repayments have become significantly higher. Housing is becoming increasingly an affordable for. Many and yet its a basic human rights as laid out in offical 11 of the un his covenant on social rights the state parties to the present government to recognize the right of everyone to an adequate standard of living for himself and his family including adequate food clothing and housing. We met an activist w
The United States and good luck to them right now when you watch whats happening with big coing now on the rise again headed back towards 12000. 00 and probably from there so i think its going to be an interesting kind of process to watch this happen but theres a 2 to 3 years thats an eternity in the lifespan of Digital Currency that gives a bit quaint a chance to go even higher but kristie you 2 have been very critical of this idea as government backed Digital Currencies are not the same thing as crypto currencies are you weary of this move by the. Extremely this is very very concerning because the entire point of crypto currency was to have Financial Freedom and bypassed the central bank as a whole so now its c. B. C. s us centrally or something going to counter the exact same problems that we currently have with the us youre going to be subject to the manipulations by the central bank whether or not they want to tighten or loosen their Monetary Policy theyre going to be subject to a
All of which raises a central question who will actually be able to afford to live in the city of the future according to the i. M. F. Slobo house price index over the past 20 years prices have risen and risen with a small dip just after the financial crisis. Over the last 10 years the cost of many essentials in o. E. C. D. Countries has gone down food for example leisure activities closing. Others meanwhile the state constant like transportation costs and health. But rent and mortgage repayments have become significantly higher. Housing is becoming increasingly on affordable for many and yet it is a basic human rights as laid out in article 11 of the un says covenant on social rights. The state parties to the present government to recognize the right of everyone to an adequate standard of living for himself and his family including adequate food clothing and housing. We met an activist who never tires of reminding society of this. The world cities are drawing people like magnets. Livi
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