Category: Payments

CBDC: Where Are They Taking Us?

If you string together recent statements from entities like the Bank For International Settlements, IMF, Federal Reserve and other non-elected entities a frightening story emerges as Central Bank Digital Currencies (CBDC) are deployed to give Central Banks even greater powers, impose cross-border solutions (some would say a global currency) and remove more freedoms from society.

This is being talked about top-down as it were, without proper local consultation and buy-in. The future they portray is frightening.

To make the point I have pulled together material from a number of relatively difficult texts, but see the summary section in the contents section to cut to the chase.

[CONTENT]

0:00 Start
0:15 Introduction
1:25 BIS Report – Digital Money
6:25 BIS New Public Policy
8:30 IMF Future Of Money
15:00 Federal Reserve on CBDC
19:23 Literary Review on CBDC and Monetary Policy
24:50 Summary and Conclusion

Go to the Walk The World Universe at https://walktheworld.com.au/

Housing Policies In The Balance: With Steve Mickenbecker

I discuss the announced housing policies from the two major parties with Steve Mickenbecker from Canstar. Are they worth the paper they are written on?

Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.

https://www.canstar.com.au/team-members/steve-mickenbecker/

Go to the Walk The World Universe at https://walktheworld.com.au/

Why This Election Should Be About Access To Cash!

The use and availability of cash, and other banking services – especially in Regional Australia is a critical issue, and one which needs to be on the table in the current political campaigning. We know that banks have been withdrawing their services and closing branches, and that this can spell terminal decline for the surrounding area.

So the question is, how to address the decline and give local economies a boost? I am joined by Alexis Garnaut-Miller the Citizens Party Candidate for Cunningham (NSW) and Robbie Barwick Citizens Party Candidate for Victoria.

We discussed the cash ban, the need for a National Bank, and how this can be established via the Post Office Network. And we highlighted the questions to ask the candidates to test out if they understand the importance of the issue and whether they have an established policy.

We also mentioned The Regional, Dale Websters excellent work in tracking the disgusting removal of bank branches. Visit her site too! https://www.theregional.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

Cash is King In New Zealand!

The Reserve Bank of New Zealand says its latest survey underscores the need for deliberate changes to the cash system to keep it resilient and efficient while needed and wanted by New Zealanders.

The latest edition of our finance and property news digest with a distinctively Australian flavour.

Go to the Walk The World Universe at https://walktheworld.com.au/

Credit Booms: But What Does It Really Tell Us?

My first chat of 2022 with Steve Mickenbecker from Canstar. We discuss the latest credit stats, the property market, interest rates and how to save some money. And Steve’s New Year resolution is a doozy…

Steve Mickenbecker is in Canstar’s Group Executive Team, bringing more than 30 years of experience in the Australian financial services industry. As a financial commentator for Canstar, Steve enjoys sharing his expertise across topics such as home loans, superannuation, insurance, mortgages, banking, credit cards, investment, budgeting, money management and more.

https://www.canstar.com.au/team-members/steve-mickenbecker/

Go to the Walk The World Universe at https://walktheworld.com.au/

Payments Shakedown On The Cards!

Whether you are a Buy Now Pay Later User, a Cryptocurrency holder, pay by cash or card, there are big changes ahead, as the RBA outlines some of its thinking.

https://www.rba.gov.au/media-releases/2021/mr-21-30.html
https://www.rba.gov.au/speeches/2021/sp-gov-2021-12-09.html

We look at the implications of Central Bank Digital Currencies, and the possibility that end users will have to pay to use Buy Now Pay Later services in the future.

Go to the Walk The World Universe at https://walktheworld.com.au/

The RBA’s Crypto Warning…

The RBA’s head of payments, Tony Richards, said the value of many cryptocurrencies, which have surged to $US2.6 trillion, could crash when central banks decide to assert control over their monetary systems.

He has warned users and investors in fad-fuelled cryptocurrencies such as bitcoin they risk holding speculative assets with “niche” uses that could lose most of their value.

https://www.rba.gov.au/speeches/2021/sp-so-2021-11-18.html

Go to the Walk The World Universe at https://walktheworld.com.au/

Today’s post is brought to you by Ribbon Property Consultants.

If you are buying your home in Sydney’s contentious market, you do not need to stand alone. This is the time you need to have Edwin from Ribbon Property Consultants standing along side you.

Buying property, is both challenging and adversarial. The vendor has a professional on their side.

Emotions run high – price discovery and price transparency are hard to find – then there is the wasted time and financial investment you make.

Edwin understands your needs. So why not engage a licensed professional to stand alongside you. With RPC you know you have: experience, knowledge, and master negotiators, looking after your best interest.

Shoot Ribbon an email on info@ribbonproperty.com.au & use promo code: DFA-WTW/MARTIN to receive your 10% DISCOUNT OFFER.

The Inter-generational Property Meat Grinder: With Leith van Onselen

Leith van Onselen writes for MacroBusiness as the Unconventional Economist. Leith has previously worked as an economist at the Australian Treasury, Victorian Treasury and Goldman Sachs. He has a strong background in economic policy and financial sector regulation. Leith holds a Bachelor of Commerce (Honours) degree from Melbourne University and a Graduate Diploma of Applied Finance and Investment from the Securities Institute of Australia (now FINSIA).. Leith can also be found on twitter: twitter.com/leithvo.

https://www.macrobusiness.com.au/

Go to the Walk The World Universe at https://walktheworld.com.au/

Time For A Universal Service Obligation For Cash!

Cash remains a critical service for society, and we examine the results of recent UK research which suggests there should be a universal service obligation. We also discuss recent trials of a banking hub centred on the Post Office.

Both lessons which are appropriate to Australia.

Go to the Walk The World Universe at https://walktheworld.com.au/

Cash Is Really, Really, Important!

I catch up with Jason Bryce, Advocate for keeping cash in our economy https://www.cashwelcome.org/

He is also running a Change.org petition: https://www.change.org/p/josh-frydenberg-save-cash-our-right-to-access-and-use-cash-must-be-protected-by-law

We examine the issues, and how the cash industry is responding.

Go to the Walk The World Universe at https://walktheworld.com.au/