4min chapter

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business cover image

How Biden’s Executive Order will Change the Monetary System

Rich Dad Radio Show: In-Your-Face Advice on Investing, Personal Finance, & Starting a Business

CHAPTER

Getting Rid of Cryptocurrency

A ledger that keeps track of transactions could replace banks. It's not a crypto currency, it's just a ledger. We might quickly end up in a world where you noaveat a count ed ta bank. If i send you money, it just the fed takes out of my account, sends it to your account. And of story, kind like a benmo type of thing withu. No larger denominations, et cetera. That has implications in terms of dis intermediate in the banks. So why do we need financial intermediaries with five, three % fees? The problem is let's assume the bank's continued playy dollar,. but if you had this digy dollar,

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