Description

Big banks (aka the Banking Cartel) has been able to push us around for too long. With their close ties to the mafia, I mean the government, and their access to monopolized fiat money rails (SWIFT, etc)…we have had nearly no choice to build, store and transact our wealth in terms of money. Sure, we could use cash, but that’s really inconvenient and not congruent with our 21st century, digital world. Let’s face it, we’ve been pushed in to a corner for decades.

Since interest rates are so low, it means that banks may be better off (yield-wise) borrowing from the Central Banks rather than from their typical banking clients. This creates an inverse incentive for customer service and we, the historic loaners, are now seen as a compliance risk with additional complication. This means that banks become less and less willing to make small loans or accept “high risk” (ie low profit) clients as they once would.

My guest, Hayden Miyamoto, knows this all too well. His company www.Fundary.com has the motto “arming the world with global decentralized credit and investments”.

He currently lives in Mexico and tells us how the local people actually save, lend and borrow money. They live entirely outside of the legacy banking system which comes with its own set of risks and expenses. Often it requires insane % of capital to borrow for a loan and the interest rates can be >100%/year.

The problem, as Hayden describes, is liquidity. Now that blockchain tech has become more accepted and better understood, the benefits have started to shine. With the ability to accept peer-2-peer, micro loans from clients around the world, Hayden and his team can offer the Mexican people APR rates far below the current market rate.

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Meet the hosts

Ashe Whitener is the founder and host of the Liberty Entrepreneurs Podcast which aims to provide an alternative perspective to achieving individual freedom through the creative, entrepreneurial process rather than through the tried and failed process of politics. Ashe has two BS degrees in Engineering and is also an original member of Peter Schiff’s Euro Pacific Bank where he is currently the Head of Business Development. Much of Ashe’s experience has come during his time living in Panama and he continues to consult global teams on various projects including tech startups and offshore asset protection.

discussions

  • In a libertarian utopia, many libertarians will run their own business, perhaps even more than they do today.  In our world today there are many rules and regulations in effect that are imposed on businesses, and many of those fall into a category we could call Consumer Protection, or Consumer Rights. As a person who has owned and operated a successful retail business, I’d like to get other views on what customers might expect if I were to open a business in a completely libertarian world. Consider this scenario.  Suppose I decide to run a tire store and  also install the tires which I sell.  Under normal circumstances I would hope to have that person come back and purchase tires again but that would not likely happen for possibly two or more years.  What obligation do I have to that customer after they have satisfied themselves that they were installed on their vehicle,  paid for them and driven away from my shop? Based on your own experiences as a customer, what obligations, if any, do you think I would have to you and why?

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  •   Weixing Chen and Yang Jun, the two Chinese entrepreneurs are pairing up to launch a blockchain based ride hailing app. However, the plan is to offer different life-style services that include ride hailing and deliveries. Read news here: Blockchain Based Ride Hailing App

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  • As a part of ‘Operation Crypto-Sweep’, the Alabama Securities Commission (ASC) has issued five Cease and Desist Orders to protect Alabamians. The operation is led by NASAA focusing on blockchain startups and ICO projects suspecting violations and fraudulent activities on securities laws. NASAA (North American Securities Administrators Association, the voluntary organization in which ASC is also a member. It is coordinated with ‘Operation Crypto Sweep’. Recently, ASC has taken enforcement actions by issuing five Cease and Desistorders to protect Alabamians. Source of info coinpedia.org

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  • Greetings all. Does anyone use Coinbase for their wallet/trading? If so, are you happy with them?

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  • While one segment of the us government is trying to require a safe and proper backdoor to everyone’s communication we simultaneously see how all of that is being counter hacked , and there is very little keeping uber-hacking tools out of the public.

    Jump to Discussion Post 3 replies