Nz Everyday Investor
Michael Every: Mercantilism And The New Order, Ep 298
- Autor: Vários
- Narrador: Vários
- Editor: Podcast
- Duración: 0:39:21
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Sinopsis
Michael Every joins me in this episode. He's the global strategist for Rabobank.Today I've learnt A LOT from this discussion, including why Central Banks worldwide have taken a keen interest in the environment, and Central Bank Digital Currencies recently.Programmable currency can ensure capital and resource is directed towards green infrastructure projects. Assuming the currency is linked to a common objective of a large trading block (say Europe, North America, Australia and NZ?), you now have an idea of what could make a new base for a common currency.A CBDC backed by carbon? It's hard to say if that plays out, but either way it means the shift towards this transformation could come at the cost of producing goods and services for consumption. If the supply side falls, higher interest rates have to beat down consumer demand even further.In other words, under this hypothetical scenario – things get really expensive for you and me, and our standard of living for the first time in a long time, may broadly