Michael Every: Mercantilism And The New Order, Ep 298

Michael Every joins me in this episode. He's the global strategist for Rabobank.Today I've learnt A LOT from this discussion, including why Central Banks worldwide have taken a keen interest in the environment, and Central Bank Digital Currencies recently.Programmable currency can ensure capital and resource is directed towards green infrastructure projects. Assuming the currency is linked to a common objective of a large trading block (say Europe, North America, Australia and NZ?), you now have an idea of what could make a new base for a common currency.A CBDC backed by carbon? It's hard to say if that plays out, but either way it means the shift towards this transformation could come at the cost of producing goods and services for consumption. If the supply side falls, higher interest rates have to beat down consumer demand even further.In other words, under this hypothetical scenario – things get really expensive for you and me, and our standard of living for the first time in a long time, may broadly decline.Still, we'll likely do it for a good cause...CBDC’s. Previously known as a solution looking for a problem, now appear to have a purpose in the green transition. A common digital currency, working towards a common objective of controlling our environment: We've arrived in Oceania about 40 years late._________________News of the Money-World LIVE is happening on the 24th of November. Rupert and I, along with a few other guests you may know, would really love to meet you and to share our candid thoughts around what’s been, and what’s to come. If you’ve been listening in I’d really love to see you there – we owe you a thanks at the very least, or a your welcome at the very most – Pizza, drinks, prizes and 4 amazing speakers – It’s like Woodstock, but with a rate of return.Special thanks to our event partners who have contributed in some way to make this happen: Easy Crypto, MyGold, Mortgage HQ, koura wealth, and the Everyday Investor.The venues amazing, but as a result, tickets are pretty limited - Tickets are only $15 each – all going to charity. Get in quick, BUY TICKETS NOW!__________________Hey! Can we have a little chat?If you're picking up what I'm putting down, help me build the Everyday Investor community!Spread the word: Write a review anywhere you can, share posts on social media, vote for Pedro! Follow me on YouTube, and if you can, subscribe on Spotify also. Use the following referral/affiliate links. In some cases with these codes, I may receive a financial benefit - in other cases I've waived any benefit so you can get a better deal.Hatch: $10 for you, and $10 for me, if you sign up and deposit $100NZD.Sharesies: $10 for you, and $10 for me, if you sign up for the first time.Easy Crypto: One of NZ's most trusted places to buy/sell your digital assets. Sharesight: Get 5 months free when you sign up to an annual (paid) subscription. CMC Markets: You and I both get $150 if you sign up using this link. *Note CFD's are incredibly high risk investment options(read more here)When you're reviewing your insurance plan or KiwiSaver, obtaining a mortgage or in need of financial advice, use Ungaro & Co Financial Services, the main partner of this podcast. Want to learn more about working with Darcy Ungaro, book in a free 15-min phone call - click on this link.Enough of the sales pitch, what else?1 - You're my inspiration! Most topics are inspired by YOUR questions or suggestions. So, what do want to hear? Ask me anything, suggest a topic!2 - Subscribe to YouTube to get earlier access, participate in live-recordings, and gain additional perspectives from Darcy Ungaro.3 - Sign up to the NZ Everyday Investor Newsletter! It's a newsletter, not a sales pitch: Sign up to our newsletter hereDisclaimer: Please act independent from any content provided in these episodes - it's not financial advice, because there's no accounting for your individual circumstances. Better be safe than sorry here - Do your own research, and take on board a broad range of opinions. Ideally, engage a financial adviser and pay for advice!