The GreenplanetFM Podcast with Tim Lynch

Are we also going to be a cashless society only, using digital currency that will all be tracked from all integrated banks to every person throughout NZ/Globally? Phil opens up saying that had ‘we’ had the courage we would have had a reset back in 2008 when New York’s Wall St and City of London ‘Ponzi schemes’  started to fall apart - but the Federal Reserve cleverly manifested trillions of dollars to bail out the bankers instead of the ordinary people who needed it. Like 14 trillion dollars of liquidity kept them afloat. Which Phil states was the absolute wrong thing to do - we needed to have let them fail - clean up their messes and then given them strict new rules in which to operate under and to state that ‘you cannot continue to hang out pieces of paper and expect other people to buy them. That was the first mistake. The 2nd mistake was thinking that the problem was solved. Because with all this financial liquidity injected into the market - a lot of Governments and central Banks thought ok -  that is a