Watched a video this morning about the future of the global monetary system, especially after Jerome Powell’s admission yesterday that Facebook had been given the go ahead from the Federel Reserve to start Libra.
In the video, Mike Maloney, stated that if you look through history currency changes approx. every 40 years. And it’s being able to be predict what’s coming that’ll result in the biggest “wealth transfer” by picking the correct assets.
From what he outlined, the likes of VISA, PayPal, Spotify, Uber and Lyft are already making massive investment plans to take this into 2020.
What’s your thoughts on the future of the monetary system? And is there any assets you are looking to back going into this new world of money?