{"id":40504,"date":"2023-03-21T21:00:00","date_gmt":"2023-03-21T20:00:00","guid":{"rendered":"https:\/\/www.11onze.cat\/?p=40504"},"modified":"2023-03-17T09:44:26","modified_gmt":"2023-03-17T08:44:26","slug":"take-it-leave-it-11onze-explains","status":"publish","type":"post","link":"https:\/\/www.11onze.cat\/en\/magazine\/take-it-leave-it-11onze-explains\/","title":{"rendered":"Take it or leave it, but 11Onze explains it to you"},"content":{"rendered":"<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><strong>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.<\/strong><\/h3>\n<p>&nbsp;<\/p>\n<p><span style=\"font-weight: 400;\">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 Pla\u00e7a, 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 S\u00e8ne on the occasion of the <a href=\"https:\/\/www.11onze.cat\/aprendre\/fintech-talks\/fintech-talks-gran-reset-economia\/\" target=\"_blank\" rel=\"noopener\">Fintech Talk<\/a> 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.<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>Green investments<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">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 S\u00e8ne explained in an interview at the last Fintech Talk, it will all come down to climate change: &#8220;<\/span><b>It justifies multi-billion dollar investments<\/b><span style=\"font-weight: 400;\">. 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&#8217;t trust the same people who have brought us this far.&#8221;<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Now it&#8217;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 <a href=\"https:\/\/www.viaempresa.cat\/economia\/canonada-hidrogen-barcelona-marsella-2500-meur_2176184_102.html\" target=\"_blank\" rel=\"noopener\">will finance 50%<\/a>.<\/span><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component gallery\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-lg-10 offset-lg-1\">\n        <div id=\"slider\" class=\"carousel slide\">\n          <div class=\"carousel-inner\">\n            <div class=\"carousel-item active video-player inline-player\" data-video-id=\"6317121645112\">\n              <img decoding=\"async\" class=\"d-block w-100\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/12\/VIDEO_BLOCK_EXPLIQUEM.jpg\" alt=\"\">\n              <button type=\"button\" class=\"play\"><\/button>\n              <div class=\"carousel-caption\">\n                <p>&#8220;The real power is knowledge&#8221;<\/p>\n              <\/div>\n            <\/div>\n          <\/div>\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n<div class=\"component text\">\n  <div class=\"container\">\n\n\n    <div class=\"row\">\n      <div class=\"col  col-lg-8  offset-lg-2\">\n        <h3><b>CBDCs<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">On central bank digital currencies (CBDCs), James S\u00e8ne warned &#8220;<\/span><b>I think they are the biggest danger we have against freedoms<\/b><span style=\"font-weight: 400;\">&#8220;. 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. &#8220;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&#8230; it doesn&#8217;t touch,&#8221; said S\u00e8ne. 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 <a href=\"https:\/\/www.bloomberg.com\/news\/articles\/2022-12-06\/nigeria-limits-cash-transactions-to-push-enaira-and-other-payments\" target=\"_blank\" rel=\"noopener\">CBDCs<\/a>. Is this a pilot test of what will happen elsewhere in the world?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>The role of gold<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">&#8220;Central banks have bought more gold in the last 2 years than in the last 50, it&#8217;s barbaric. There must be a reason for that. <\/span><b>When you are looking to strengthen your currency with gold, changes are coming<\/b><span style=\"font-weight: 400;\">&#8220;, said James S\u00e8ne. 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, <a href=\"https:\/\/www.11onze.cat\/en\/preciosos-11onze\/\" target=\"_blank\" rel=\"noopener\">either in bullion<\/a> or in <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/gift-tomorrow-future\/\" target=\"_blank\" rel=\"noopener\">coins for gifts<\/a>. 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?<\/span><\/p>\n<p>&nbsp;<\/p>\n<h3><b>The role of financial education<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">To control and be able to keep track of what is happening with everyone&#8217;s money (because public debt is everyone&#8217;s money), the president of 11Onze stresses the central role of education. <\/span><b>&#8220;The real power is knowledge <\/b><span style=\"font-weight: 400;\">of the global economic and financial system,&#8221; notes S\u00e8ne. &#8220;We must understand what is going on, because if we don&#8217;t understand we can&#8217;t undertake well, because we don&#8217;t have the foundations to guide new businesses.&#8221; This is why at 11Onze we insist so much on financial education, with sections such as <a href=\"https:\/\/www.11onze.cat\/aprendre\/\" target=\"_blank\" rel=\"noopener\">Aprendre<\/a> or the <a href=\"https:\/\/www.11onze.cat\/en\/11onze-escola\/\" target=\"_blank\" rel=\"noopener\">11Onze Escola service<\/a>.<\/span><\/p>\n<p>&nbsp;<\/p>\n<p><b>11Onze is the community fintech of Catalonia. Open an account by downloading the super app El Canut for <\/b><a href=\"https:\/\/play.google.com\/store\/apps\/details?id=com.e11onze.app&amp;utm_source=emailing&amp;utm_campaign=CANUT+launch\" target=\"_blank\" rel=\"noopener\"><b>Android<\/b><\/a><b> or <\/b><a href=\"https:\/\/apps.apple.com\/us\/app\/11onze\/id1566129237?utm_campaign=El+Canut\" target=\"_blank\" rel=\"noopener\"><b>iOS<\/b><\/a><b> and join the revolution!<\/b><\/p>\n\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>\n\n\n<div class=\"component cards\">\n  <div class=\"container\">\n    <div class=\"row\">\n      <div class=\"col col-xl-8 offset-xl-2\">\n        <h1>If you liked this article, we recommend you read:<\/h1>\n        <div class=\"cards__wrapper\">\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/fintech-talks-resetting-economy\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/10\/THUMBNAIL_RESET.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Onze<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Resetting the economy<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">11Onze\u2019s new Fintech Talks in November rubs activism.<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/james-sene-banks-disappear-ten-years\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/02\/THUMBNAIL_FINTECH_TALKS_DIA_2-800x600.png\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">11Onze<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>\u201cBanks will disappear in ten years\u201d<\/strong><\/p>\n              <span class=\"card-time\">3 min read<\/span>\n              <p class=\"card-text small\">The Fintech Talks is focused on fintech trends.<\/p>\n            <\/div>\n          <\/div>\n\n\n          <div class=\"card\">\n            <a href=\"https:\/\/www.11onze.cat\/en\/magazine\/gold-rise-immune-central-banks\/\" class=\"card-link\" target=\"_self\"><\/a>\n            <div class=\"card-img\">\n              <img decoding=\"async\" src=\"https:\/\/www.11onze.cat\/wp-content\/uploads\/2022\/07\/THUMBNAIL_ESCALADA_OR.jpg\" class=\"card-img-top\" alt=\"\">\n                <span class=\"card-category\">Savings<\/span>\n            <\/div>\n            <div class=\"card-body\">\n              <p class=\"card-title p2\"><strong>Gold\u2019s rise<\/strong><\/p>\n              <span class=\"card-time\">4 min read<\/span>\n              <p class=\"card-text small\">Recent history shows that their ability to contain prices is limited in time.<\/p>\n            <\/div>\n          <\/div>\n\n              <\/div>\n              <br>\n              <br>\n              <div class=\"cards__wrapper\">\n\n        <\/div>\n      <\/div>\n    <\/div>\n  <\/div>\n<\/div>","protected":false},"excerpt":{"rendered":"","protected":false},"author":71,"featured_media":40499,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","footnotes":""},"categories":[1],"tags":[188],"class_list":["post-40504","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-11onze-en"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.4 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Take it or leave it, but 11Onze explains it to you - 11Onze<\/title>\n<meta name=\"description\" content=\"Being part of the 11Onze community means trying to be informed of what is going to happen on an economic level. 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