
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
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,
00:00
Transcript
Play full episode
Remember Everything You Learn from Podcasts
Save insights instantly, chat with episodes, and build lasting knowledge - all powered by AI.