4min chapter

The "What is Money?" Show cover image

The Ultimate Macro Framework with Raoul Pal (WiM078)

The "What is Money?" Show

CHAPTER

The Future of Everything

In two thousand an 12, i went round the world to try and start the world's safest bank. And at the time, my idea was it should hold all deposits in treasury bonds of whichever country it was goig to be em. When europe almost went under, we almost lost ta sovereign state. That is the bottom of the pile, that is everything. So what we think is segregated and safe is actually not segregated and safe. What big coins saw to me was the block chain allowed the secure recorded ownership of everything where it was traceable to who owns what. The problem that we had is nobody knows who the hell owns what in te over levered financial system.

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