006 | Is an economic collapse inevitable? Negative Interest Rates, Digital Currency & Crypto | Arno Wellens
Manage episode 323824707 series 3321339
This time we speak with Arno Wellens, who, having worked in the banking industry for years turned journalist, writer & speaker. We discuss the state of the economy, rising inflation, negative interest rates, digital currency, crypto and how this will impact us as ordinary citizens and why becoming a cashless society will provide no advantages - but a lot of disadvantages! Join us as we journey down the digital currency rabbit hole!
00:48 Intro 02:00 Journalists are not necessarily trained in the field they're reporting 03:20 How did the formation of the EU & Euro lend itself to creating a crisis? 07:50 Labour force movements still happen, right? 14:45 Where did this new money come from? 22:30 Money has lost buying power 25:05 0 lower bound - interest below 0% 32:00 Cash is fiat currency - how is digital any different? 38:35 How will the switch to the European central digital currency 42:40 Governments want to ban bitcoin? 49:25 Belfast smart city & cash/digital currencies 56:00 Is there a debt reset being initiated? 57:10 Mortgages & 2008 collapse 1:04:44 EU debt crisis 1:11:40 Are we just anti-new tech & innovation? Is digital currency just the new version of automatization 1:17:10 Where can people find these things? (central digital currency etc) 1:22:22 Is there any connection between health passes & digital currency 1:24:00 eIDAS directive digital identity wallet 1:49:30 What things should we as citizens be looking out for?
eIDAS directive https://digital-strategy.ec.europa.eu/en/policies/eidas-regulation
European Central banks interest rates https://www.ecb.europa.eu/stats/policy_and_exchange_rates/key_ecb_interest_rates/html/index.en.html
(look up Switzerland, Denmark & Japan for examples of a few other countries dealing with a negative interest rate!)
Belfast Civic Dollar https://www.telegraph.co.uk/technology/2021/04/03/council-bribes-locals-civic-dollars-spend-time-parks/ (paywall - unblocked below)
China bans bitcoin (again... yep, it's happened more than once) https://www.bbc.com/news/technology-58678907
China Digital Yuan https://www.cnbc.com/2021/03/05/chinas-digital-yuan-what-is-it-and-how-does-it-work.html
Arno Wellens website https://arnowellens.eu/ Couple articles from there - European digital health pass was planned before the pandemic https://arnowellens.eu/article/56511/coronabonds-en-europese-digitale-gezondheidspas-zijn-lang-voor-de-pandemie-bedacht
Corona app, build back better & great reset using public health as a cover for implementation https://arnowellens.eu/article/56201/corona-app-build-back-better-en-the-great-reset-gebruiken-volksgezondheid-slechts-als-schaamlap
At this point I normally provide a lot of links for the different things that were mentioned throughout the podcast and although, I do my utmost to provide links to individual topics, however this time I'm going to recommend heading to Arno's site where he dives into much, much greater detail and references everything whether that be from government websites or the central European bank sites, which are usually in English, the page itself is in Dutch but relatively straight forward to translate in your browser! No this wasn't sponsored or asked for by Arno - I am just a big fan of his work.
A day after we spoke - this was released from the governor of the Hungarian central bank talking about banning crypto mining. https://mnb.hu/en/pressroom/publications-of-the-governor/2022/matolcsy-time-has-come-to-ban-crypto-trading-and-mining-in-the-eu