Updated: Jul 21, 2021
The current monetary system is facing unprecedented challenges as monetary policies from major central banks are reaching their limits in a period of financial transformation and disruption. The COVID-19 Pandemic has exacerbated the need to re-think the global monetary system.
Principled Discord is a series of interviews and meaningful debates raising the most pressing challenges of today with an objective to derive Principles from guest speakers. In the first season, Principled Discord is gathering industry leaders to discuss the future of the Monetary System.
The latest episode of Principled Discord hosted by Thierry Arys Ruiz, founder of TARCO NGO and AgAu AG interviewed Senior Commodity Strategist at Bloomberg Intelligence, Mike McGlone
Mike McGlone believes that it is time for “either debasement currency or some form of currency debate…” For example, in the United States, during the periods of economic challenges and elections, it is common to engage in monetary expansion. Such decisions usually result in inflation but today’s central banking action has only shown to push financial asset prices while the CPI (core measure of inflation) remains relatively low. Mike also touches briefly on what he believes to be an appropriate defensive asset allocation to prepare for the turbulent times ahead.
The interview began on a note that “the decentralized finance trend is a big experiment of today that might have a more free-market approach to interest rate…” Pricing interest rates are one of the biggest challenges in today’s markets given the large intervention of central banks.
Watch the two industry leaders cover all topics from Cryptocurrencies, bitcoin, monetary policy and much more by following this link: Principled Discord Podcast by Thierry Arys Ruiz with Mike McGlone from Bloomberg Intelligence to our YouTube page Principled Discord’s and watch the entire podcast!