#12 The Future of Money Australia's Move to Central Bank Digital Currencies

I remember in the 19 nineties everybody wanted to move there from Europe everybody and but now Australia at least some banks are forcing the public to switch to the first steps of a central bank digital currency and has warned citizens that they may risk losing all of their money if they refuse and one of Australia's biggest banks Macquarie Bank told customers last week that it will completely eliminate cash this year and if customers refuse to use central bank digital currencies they will owe nothing and be happy you've heard that before In case you missed it they're phasing out the cash to prepare for the change a safe quick and more convenient way to bank Again we all know what happens next This is going to happen all over the world Hey Mike good to see you buddy Thank you for coming Thank you for everything as well This is terrifying We're seeing crazy things happening in Commonwealth countries like Canada and Australia and they have the nicest people in the whole world