When the government or central bank controls the money supply of a nation, they ultimately control the very mechanism by which you and I can store up wealth.
In the spirit of building, protecting, and passing on wealth, I think I need to understand this area better.
However, before we go on, a quick world of warning from the late, great Henry Ford: " It is well enough that people of the nation do not understand our banking and monetary system, for if they did, I believe there would be a revolution before tomorrow morning."
For further research:
Ep 185 with the RBNZ: https://player.captivate.fm/episode/5aee9607-995f-4ea3-87ed-b7407c69424f
Ep 169 with Campbell Pentney: https://player.captivate.fm/episode/3e846857-ff89-46b7-83a4-9d6c5a2700c5
Ep 120 with Mark Pascall: https://player.captivate.fm/episode/34a7adac-945f-4e25-b009-bf0af6cd9f1f
Today my special guest is Scott McLiver – Scott’s a partner in the private business team at PwC and one of the areas of his expertise is that of emerging technology and digital transformation. Scott has a phenomenal knowledge base that covers Bitcoin to Central Bank issued Digital currencies, and everything in between.
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Hey! Like what you've heard today?
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Here's some ways you can get alongside the NZ Everyday Investor - no pressure, but I'd appreciate any help you could offer:
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So, what else?
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Disclaimer: Please act independent from any content provided in these episodes - it shouldn't be 'financial advice' if there's no accounting for your individual circumstances, but better safe than sorry. Do your own research, taking on board a broad range of opinions, or ideally, consult and engage a financial adviser to provide guidance around your specific goals and objectives.
I genuinely want you to build new wealth for the new world - I want you to protect it, and I want you to be generous!