Take it or leave it, but 11Onze explains it to you

Being part of the 11Onze community means trying to be informed of what is going to happen on an economic level. This way, we can better prepare ourselves individually and collectively.

 

At 11Onze we generate content on a daily basis. Through the Magazine, the 11Onze Podcast, 11OTV, the Fintech Talks, the local radio stations of La Xarxa. We explain ourselves on La Plaça, on Telegram, on Youtube, on Tik Tok, on Instagram, on Twitter, on Facebook, on Linkedin and wherever they let us. Why are we so heavy? Well, because we are convinced that the only way to progress as a society is with knowledge. That if we know how the world of money really works, it will be easier for us to protect our savings and freedoms. Today we share an interview we recorded on November 10, 2022 with 11Onze CEO James Sène on the occasion of the Fintech Talk on the Great Reset of the economy. Some of the predictions are already coming true. Take it or leave it, but we at 11Onze break it down for you so you can prepare.

 

Green investments

That the world economic system needs a jolt to avoid collapse is obvious if you take a look at the volume of money issued in recent years and the huge public and private debt. However, the tendency of governments is usually to try to keep the economy going with more and more investment, even if it is at the expense of creating more debt. But is it possible to justify more debt? As 11Onze CEO James Sène explained in an interview at the last Fintech Talk, it will all come down to climate change: “It justifies multi-billion dollar investments. We have an excess of cash that we have to drain somewhere, what better than to tell people that without this the planet will end but we have the solutions, again, do it as we say. And I think we simply can’t trust the same people who have brought us this far.”

Now it’s official. An underwater pipeline will be built to transport green hydrogen from Barcelona to Marseille. The work will cost some 2.5 billion euros and the European Union will finance 50%.

CBDCs

On central bank digital currencies (CBDCs), James Sène warned “I think they are the biggest danger we have against freedoms“. Why? Because the economy tends towards decentralization, but in the case of CBDCs regulators are using the image that digital currencies have (linked to decentralization, empowerment of citizens and freedom) but the reality is that they walk in the opposite direction. “That a centralized digital currency is proposed, controlled by central banks and designed not by the people but with the collaboration of banks like La Caixa… it doesn’t touch,” said Sène. Indeed, in recent times we have seen how CBDCs are beginning to infringe on individual freedoms. In Nigeria, the central bank has limited cash withdrawals to force the use of CBDCs. Is this a pilot test of what will happen elsewhere in the world?

 

The role of gold

“Central banks have bought more gold in the last 2 years than in the last 50, it’s barbaric. There must be a reason for that. When you are looking to strengthen your currency with gold, changes are coming“, said James Sène. That gold will play a central role in the new world economic system is an obvious fact for all analysts, which is why 11Onze has for some time now been offering its community the purchase of physical gold, either in bullion or in coins for gifts. The only question that remains to be answered is who will check that behind a coin there is the amount of gold that the central bank of that country claims to have? And who will check that this gold (or any other finite raw material) has the necessary purity, i.e. that it has not been manipulated?

 

The role of financial education

To control and be able to keep track of what is happening with everyone’s money (because public debt is everyone’s money), the president of 11Onze stresses the central role of education. “The real power is knowledge of the global economic and financial system,” notes Sène. “We must understand what is going on, because if we don’t understand we can’t undertake well, because we don’t have the foundations to guide new businesses.” This is why at 11Onze we insist so much on financial education, with sections such as Aprendre or the 11Onze Escola service.

 

11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for Android or iOS and join the revolution!

If you liked this article, we recommend you read:

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  1. Guillem Maura RayoGuillem Maura Rayo says:
    Guillem

    Gràcies, James, per dinar-nos aquesta possibilitat, s’apoderarà-nos

  2. Quico BeltràQuico Beltrà says:
    Quico

    Una visió molt interessant del panorama.

  3. Manuel Bullich BuenoManuel Bullich Bueno says:
    Manel

    👏👏👏 Certament el coneixement és poder. Gràcies equip 11Onze💛

  4. Francesc Estafanell PujolFrancesc Estafanell Pujol says:
    Francesc de Borja

    Aprendre i aprendre, la meva motivació principal per ser a La Plaça.

  5. Carles MarsalCarles Marsal says:
    Carles

    Si senyor el coneixement és poder👌

    • Laura Bunyol BartrinaLaura Bunyol Bartrina says:
      Laura

      També implica patir més, però bé, no es pot tenir tot oi Carles! Prefereixo estar informada en tot cas, sempre la veritat per davant.

      2 months ago
  6. Joan Santacruz CarlúsJoan Santacruz Carlús says:
  7. Jordi MorenoJordi Moreno says:
    Jordi

    És realment formidable aquest esperit 👏👏👏

  8. Mercè ComasMercè Comas says:
    Mercè

    Gràcies.
    Molt encertat el títol,👌 Fa diana amb l’esperit d’11Onze I el seu president: Teniu la llibertat d’aprendre o no, però esteu avisats.

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