Monthly Archives: July 2019

Geldzug: BANK TO THE FUTURE II

24 July 2019 Countless tech visionaries have talked about the potential for “disrupting” the banking industry. Some have even started companies which competed with traditional banks. (Despite his words, Gates himself never did so.) To date, none of these companies has had much impact on the incumbent banks, who have done a far better job of disruption by shooting themselves in the foot. (Honourable mention to Deutsche Bank, which since the GFC has managed to lose over 95% of shareholder value.) This is not to say that banking is immune from tech-based challengers, just that – so far – none [...]

2019-07-24T03:31:14+00:00July 24th, 2019|

Geldzug: FACEBOOK FACEPLANT

22 July 2019 Last month, with a great fanfare and many pious platitudes, Facebook announced its proposed global cryptocurrency, Libra. We, along with many others, expressed doubt that Libra would meet the regulatory standards which are mandatory in developed countries, particularly the anti money laundering and “know your client” rules. (See https://arminiuscapital.com.au/geld-zug-commentaries/  28 June 2019)... [read more]

2019-07-19T22:08:44+00:00July 19th, 2019|
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