Evolution or Revolution ?

Evolution Or Revolution?

Change is constant.

The big challenge change poses today is that things move more quickly than they have historically, giving an impression of revolution when reality remains evolution.

This certainly applies in the case of CBDCs. Consider that bank notes, which have been dominant for decades, were first invented by the Chinese - or, possibly, the Carthaginians - before the birth of Christ but were only adopted in Europe (by Sweden initially) in 1661 and even then, in the face of the sort of popular resistance we see to central bank crypto-assets today. As for geopolitics, history tells us that, writ large, trends we are seeing today are typical of the end of a period of hegemony, albeit unfolding much more rapidly than in the past. The resultant seeming chaos presents myriad opportunities for those who can decrypt the underlying patterns.

Specially for this occasion, the LFMA was pleased to announce the presence of Mr. Christian Pfister, who addressed the topic “CBDC: Perspectives and potential consequences on liquidity”, followed by the presentation of Mr. Alastair Newton on the geopolitical topic “Donald Trump’s seven deadly wins”.