Central Bank Debt Crisis to Usher in CBDCs? with Clive Thompson

Jan 20, 2023

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Interview recorded - 12th of January, 2023

On this weeks episode of the WTFinance podcast I had the pleasure of speaking with Clive Thompson, a retired Wealth Manager from Switzerland.

During our conversation we spoke about how Central Banks are becoming insolvent, three potential courses of actions Central Banks have, how this could lead to CBDC's and a monetary reset and what assets would protect wealth during this period. I hope you enjoy!

0:00 - Introduction
0:30 - How are central banks making large losses?
9:25 - Could Central Banks print more money?
10:00 - Normal accounting rules do not apply to central banks
10:40 - Are central banks in a death spiral?
12:20 - Can the current system be saved?
14:15 - 3 potential courses of action?
15:15 - Catalyst for a change in the system?
16:37 - CBDC’s and a monetary reset
20:38 - Will this be different to current system?
22:46 - How does this solve the debt issue?
30:40 - Could banks be replaced by central banks?
32:00 - How does a currency reset effect asset owners?
34:20 - Any assets which would protect wealth?
41:30 - When could this happen?
52:35 - One message to take away from our conversation?

Clive has 47 years of experience in finance & wealth management. This encompasses structuring and advice relating to quoted investments, Private Equity investments, family businesses, tax, residency, real estate, inheritance, Wills, legal, lending, Trusts, Companies and Foundations and all kinds of personal and private advice. He has been actively involved for decades in the arena of Trust structures. This often involved negotiating and discussing the contracts relating to the sale of family companies.

Clive's latest position before retirement was as Managing Director in the Anglophone Private Clients Department of Union Bancaire Privée, UBP SA, based in Geneva. He was responsible for wealth management services provided to a small number of wealthy English and French speaking families.

Clive continues to remain very active in the world of wealth, with a strong focus on Private Equity, and direct Equity Investing via the global stock markets. His passion is the financial analysis of Balance Sheets, P&Ls, Cash Flow and business projections. Clive loves examining business opportunities, like Private Equity, and digging into the fundamentals of quoted companies to achieve a market beating performance.

Clive Thompson -

LinkedIn - https://www.linkedin.com/in/clive-thompson-661997251/
Video - https://www.youtube.com/watch?v=L9aye4wQ8Ok

WTFinance -

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