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Howdy!
We were excited to welcome back Professor Richard A. Werner, one of the world’s top experts in banking and finance, for the first Solari report of the year. He returned to deepen our discussion of sovereign state banks, a topic he previously addressed in his superb briefing memo titled Why A Sovereign State Bank Is Good for Tennessee. In this conversation we discuss some of the “nuts and bolts” issues that make sovereign state banks both desirable and workable. These include:
- Ownership (in a state-owned bank, the profits remain in the state)
- Governance
- Auditing and reporting considerations
- The services that state banks are most suited to provide
- The merits of including a bullion depository function
- Risk issues
You can watch the interview here.
We also wanted to a highlight this weeks episode of Financial Rebellion in which Catherine discusses what we at Solari have taken to calling the "Bitcoin Bailout". You can watch it here. We also have this memo which goes in depth on the topic.
In freedom,
The Solari Team
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