Digital Dollar

Digital Dollar

By Michael Hiles & Jonathan Dever
Exploring the nexus of capital, technology, policy, economics, and regulation, the Digital Dollar podcast takes the deep dive into seismic shift taking place as digital transformation is now the only way smart leaders and organizations will survive. Hosts Michael Hiles & Jonathan Dever explore the impact of recent capital markets changes and global events, as well as the effort to pave the way towards the next economy.
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#23 Christopher Cruden, International Currency Trader in "Currency vs. Gold vs. Bitcoin - What is money anyway?

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#23 Christopher Cruden, International Currency Trader in "Currency vs. Gold vs. Bitcoin - What is money anyway?
Michael & Jonathan are joined by Christopher Cruden, manager of Insch Kintore. Mr. Cruden is one of the leading international FX currency traders who brings over 40 years of currency and currency trading experience.. ABOUT CHRISTOPHER CRUDEN Mr. Cruden began his business career in South Africa as a gold analyst in 1980. In 1983 he joined Dean Witter, Reynolds Inc. in New York and became involved with the nascent Managed Future Industry and the Alternative Investment Industry. In 1988 he became a Director of AHL Asset Management Ltd in London, one of the world’s first truly systematic CTA’s. After the sale of this firm to Man International in 1990, he became Head of Managed Futures and Options for a major U.S. investment bank in London. He became Managing Director of Tamiso & Co. LLC in New York during 1993. At Tamiso he was responsible for FX investment products, research and trading. He substantially enlarged the firm’s involvement in algorithmic FX trading. In 1999 Tamiso and Man International established a joint venture based upon the FX trading system of Tamiso. Between 2000 and the present, he has originated and developed a number of FX based trading strategies utilizing a unique, matrix-based approach to investment founded upon risk equivalency. – Including the Insch Kintore strategy. He has been actively involved in the research and development of algorithmic trading strategies for over 30 years. Over the last 30 years he has worked alongside Rudolf Wolff Ltd on a number of investment strategies and structures. He has also worked closely with the Investment Adviser in London for the past 3 years. He attended The Royal Military Academy, Sandhurst in 1975 and was commissioned into the 1st Bn The Gordon Highlanders.  ABOUT INSCH KINTORE http://www.inschkintore.com/ The Insch Kintore strategy is a fully disciplined and entirely systematic trading program that trades gold (as a currency) versus G7 currencies. The program is “trend following” in nature and fully automated in terms of trade implementation and execution. Buy and sell signals are generated from price breakouts, volatility and other proprietary signals. The strategy has achieved exceptionally attractive levels of investment performance with consistent alpha, alongside non-correlated downside deviation when compared with traditional investments. Due to the portfolio and the instrument traded (XAU/G7 as FX cross rates), Insch Kintore offers extreme transparency and liquidity. It also offers: Outperformance over equity markets, fixed income markets and gold Real diversification from equity, fixed income and precious metals Crisis risk offset for a traditional portfolio This best-in-class strategy won the 2016 EuroHedge Award for Best Managed Futures Performance under $500m, the 2017 CTA Intelligence Award for Long Term Performance Under $500m and the 2017 HFR Review Best Managed Futures/CTA Award.
58:57
June 18, 2020
#22 Drew Hinkes, Attorney, NYU Professor, Tech Futurist in "Central Bank Digital Currency Policy and Individual Rights"
Drew Hinkes joins Jonathan & Michael for a powerful chat about the socio-political implications of central bank digital currency policy and fundamental individual rights. ABOUT DREW HINKES Nominated as one of Coindesk’s Most Influential People in Blockchain in 2017, Andrew "Drew" Hinkes is an attorney with Carlton Fields, working as part of its National Blockchain and Digital Currency practice.  Drew is also the co-founder and General Counsel of Athena Blockchain, a professional services firm focused on tokenized investment products.   Drew was appointed as an Adjunct Professor by the NYU Stern Business School and the NYU School of Law, where he co-teaches "Digital Currency, Blockchains, and the Future of the Financial Services Industry."  Mr. Hinkes is frequently quoted and cited in articles related digital assets and blockchain technology, and regularly speaks at legal, industry, and academic conferences. Previously, Drew was a Partner at Berger Singerman LLP.  He holds an A.B. in History from Washington University in St. Louis and a J.D. from the University of Miami. Follow Drew on Twitter: @propelforward Drew's Personal Website: https://www.andrewhinkes.com/
55:38
June 14, 2020
#21 Chris Sullivan & Haim Bodek, Principals at Hyperion Decimus in "Can We Decentralize Money Itself?"
Jonathan & Michael are joined by Chris Sullivan and Haim Bodek of Hyperion Decimus for a deep dive discussion into high-frequency trading, cryptocurrencies vs. central bank digital currencies, market structures and how assets will intersect with the emerging technology frameworks. Chris and Haim have deep experience in capital market trading and now apply in their work in the digital asset space as the leading digital asset fund in the market today. ABOUT HYPERION DECIMUS Hyperion Decimus, LLC is a Digital Asset advisory company that approaches investing in the cryptocurrency space from a perspective of market structure and liquidity arbitrage. By taking a disciplined, tech driven, multi-strategy approach to the cryptocurrency universe, Hyperion Decimus, LLC seeks to generate alpha over short and long term time horizons. HDCX, LLC, a wholly owned subsidiary of Hyperion Decimus, LLC, provides execution services in the cryptocurrency space. LEARN MORE AT: https://www.hyperiondecimus.com/ ABOUT CHRIS SULLIVAN Mr.Sullivan is the Portfolio Manager of Hyperion Decimus. Since 2007, Mr. Sullivan has been in the securities industry with a background in algorithmic portfolio construction,  risk management,equity,futures, investment banking and derivatives trading.  Mr. Sullivan holds Series 3, 4, 7, 24, 30, 31, 66, 215, (AWMA) and (CRPC) securities licenses, and is an active Chartered Market Technician (CMT) Mr. Sullivan is also a co-founder and principal of Hyperion Wealth Management,  a non-affiliated, Florida-based Registered Investment Advisor. Mr. Sullivan has  a B.A. from Emory University in History and English with a minor in Music  and Micro-Economics, and has completed a Blockchain Technologies course  at MIT Sloan. ABOUT HAIM BODEK Mr. Bodek is the Strategy Director and Co-Portfolio Manager of Hyperion Decimus. Since 1996,  Mr. Bodek has been in the securities industry with a background in high frequency trading, electronic trading, derivatives markets, and market  structure. Mr. Bodek previously worked as VP of Hull Trading (acquired by Goldman Sachs 2007), Managing Director UBS, Joint Global Head of Electronic Volatility Trading, CEO of Trading Machines (Options HFT), and is  also a well-known whistleblower in the exposure of “undocumented order  types”. Mr. Bodek formerly held the series 3, 4, 7, 24, 55, 63, and 65. Mr. Bodek has a BA in Mathematics and Cognitive Science from the University of Rochester. Mr. Bodek's career, experiences, and advocacy for regulatory reform of securities markets are described extensively in Dark Pools by Scott Patterson, a freelance writer and staff reporter for The Wall Street Journal. Mr. Bodek is also the author of two books on market structure, The Problem of HFT and The Market Structure Crisis, as well as the subject of the documentary film The Wall Street Code directed by Marije Meerman. Mr. Bodek's contributions have influenced the ongoing public policy debate and the rapidly changing landscape for regulatory, enforcement, and litigation issues.
1:11:40
June 12, 2020
#20 Robert Hockett, Edward Cornell Endowed Professor of Law at Cornell Law School "Visions of Future Money"
"This is the most barn burning episode of this podcast to date." - Michael In this episode, Michael & Jonathan are joined by attorney & economist, Bob Hockett. They discuss: the intrinsic flaws in the current monetary systems the opportunity for digital transformation at the U.S. Federal Reserve (he worked there) moving banking to a 100% reserve, non-debt creating service institution moving economic intervention from a carpet bombing to a laser sniper approach ABOUT ROBERT HOCKETT Hockett is the Edward Cornell Endowed Professor of Law at Cornell Law School in Ithaca, New York; Annual Visiting Professor of Law at the Sorbonne Faculty of Law in Paris, France; and Senior Counsel with Westwood Capital Group in New York City.  His principal interests lie in the fields of organizational, financial, and monetary law and economics in both their positive and normative, as well as their national and transnational, dimensions. His guiding concern in these fields is with the legal and institutional prerequisites to a just, prosperous, and sustainable economic order.  A Fellow of the Century Foundation and regular commissioned author for the New America Foundation, Hockett also does regular consulting work for the Federal Reserve Bank of New York, the International Monetary Fund, Americans for Financial Reform, the 'Occupy Money' Cooperative, and a number of federal and state legislators, regulators, and local governments.  Prior to doing his doctoral work and entering academe, he worked for the International Monetary Fund and clerked for the Honorable Deanell Reece Tacha, Chief Judge of the U.S. Court of Appeals for the Tenth Circuit. Cornell Faculty Profile: http://www.lawschool.cornell.edu/faculty/bio_robert_hockett.cfm Century Foundation Profile: http://tcf.org/experts/detail/robert-c.-hockett Publications: http://papers.ssrn.com/sol3/cf_dev/AbsByAuth.cfm?per_id=602726 Digital Greenbacks: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3599419 Spread the Fed: https://papers.ssrn.com/sol3/papers.cfm?abstract_id=3597724 A Democratic Digital Dollar (Harvard Business Law Review): https://www.hblr.org/wp-content/uploads/sites/18/2020/02/The-Democratic-Digital-Dollar_HBLR_FINAL.pdf Money's Past is Fintech's Future (Stanford Journal of Blockchain Law & Policy): https://stanford-jblp.pubpub.org/pub/wildcat-crypto-fintech-future/release/1  Digital Dollars for All (Wall Street Journal): https://www.wsj.com/articles/digital-dollars-for-all-11586215100 America's Digital Sputnik Moment (The Hill): https://thehill.com/opinion/technology/497427-americas-digital-sputnik-moment A Digital Dollar: Why, How, and Why Now? (VentureBeat): https://venturebeat.com/2020/04/18/a-digital-dollar-why-how-and-why-now/
1:13:19
June 8, 2020
#19 Dr. Dean Foreman, Chief Economist at American Petroleum Institute "The Petro Dollar Meets Covid"
As the Chief Economist for the American Petroleum Institute, R. Dean Foreman, Ph.D., is one of the most knowledgeable economists in the world. He joins Jonathan and Michael to discuss the global oil supply chain, the petro dollar, and innovation in the oil and gas industry. ABOUT DEAN FOREMAN Dr. Dean Foreman was named Chief Economist for the American Petroleum Institute in December of 2017. He earned his Ph.D. in economics from the University of Florida and brings more than 20 years of industry experience in corporate strategic planning, forecasting, risk management, and finance. Before joining API, Dr. Foreman was the lead economist for ExxonMobil Corporate Planning between 2002 and 2008. From 2009 to 2013, he was a member of the executive team at Canadian-based exploration and production company Talisman Energy, where he focused on corporate planning, hedging/marketing, and business development. In 2013 to 2015, he directed the risk management function in North America for South African energy and petrochemical conglomerate Sasol, where he helped drive business cases for $25 billion in U.S. mega projects, including the $11 billion ethane cracker and derivatives complex in Lake Charles, Louisiana. Most recently, he was with Saudi Aramco Strategy & Market Analysis in Dhahran, where he managed short-term market monitoring and the long-term oil demand outlook. Dr. Foreman has continued to publish in peer-reviewed journals and has presented at the World Energy Congress, International Economic Forum of the Americas, and World Economic Forum. Read Dean's articles: API Energy Tomorrow Blog Follow Dean on Twitter: @rdeanforeman1 ABOUT AMERICAN PETROLEUM INSTITUTE API represents all segments of America’s oil and natural gas industry. Its more than 600 members produce, process, and distribute most of the nation’s energy. The industry supports 10.9 million U.S. jobs and is backed by a growing grassroots movement of millions of Americans. API was formed in 1919 as a standards-setting organization. In its first 100 years, API has developed more than 700 standards to enhance operational and environmental safety, efficiency and sustainability. Although their focus is primarily domestic, in recent years their work has expanded to include a growing international dimension, and today API is recognized around the world for its broad range of programs: API’s mission is to promote safety across the industry globally and to influence public policy in support of a strong, viable U.S. oil and natural gas industry. Visit their website: https://api.org Follow them on Twitter: @APIenergy ABOUT DIGITAL DOLLAR SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
58:29
May 26, 2020
#18 Pete Blackshaw, CEO of Cintrifuse in "Rethinking Customer Experience in a Contactless World"
Pete Blackshaw joins Jonathan & Michael for a dive into the evolution of customer experience in a post-pandemic world. In particular, how should banks and financial institutions be thinking about their business. They also discuss entrepreneurship and innovation being key to taking advantage of the opportunities being created alongside the disruptive challenges in the market. ABOUT PETE BLACKSHAW Pete Blackshaw is CEO of Cintrifuse, a syndicate “fund of funds” and startup incubator created by P&G, Kroger, Western & Southern and other major entities in the Greater Cincinnati region. He’s dedicated to developing a world-class innovation ecosystem to fuel economic growth, local attractiveness, jobs and big company innovation. He recently served as VP of Digital Innovation and Service Models, and earlier Global Head of Digital Marketing. & Social Media, at Nestle, S.A.s global headquarters in Vevey, Switzerland. Pete pioneered Nestle’s industry-recognized Digital Acceleration Team (DAT), the Silicon Valley Innovation Outpost (SVIO). the HENRi Open Innovation platform, and the migration of 210,000 employees to the Facebook Workplace collaboration platform. He served as CMO of NM Incite, a joint venture between Nielsen and McKinsey centering around enterprise social media strategy and insights.  He is author of a book by Doubleday entitled “Satisfied Customers Tell Three Friends, Angry Customers Tell 3000: Running a Business in Today’s Consumer-Driven World,” and periodically authors columns in Advertising Age centered around the book’s themes.  Pete founded PlanetFeedback.com, one of the web’s first consumer-feedback portals, and co-founded the Word-of-Mouth Marketing Association (WOMMA). He recently served as Chairman of the Board of the National Council of Better Business Bureaus and in that capacity sat on the National Advertising Review Council. He’s a 2016 Mediapost "Online All Star" recipient, a 2014 inductee of the World of Mouth Marketing Hall of Fame, and a 2010 Grand Prize winner of the “Great Minds” award from the Advertising Research Foundation. Pete is a graduate of Harvard Business School and the University of California, Santa Cruz. Follow Pete on Twitter: @pblackshaw ABOUT CINTRIFUSE Cintrifuse has one very clear mission: to make Greater Cincinnati the #1 tech startup hub in the midwest and among the most attractive innovation hubs in the nation. Follow Cintrifuse on Twitter: @cintrifuse Check their website for more info: https://www.cintrifuse.com ABOUT DIGITAL DOLLAR SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
57:53
May 22, 2020
#17 Julie Stitzel, V.P. of the U.S. Chamber of Commerce Center for Capital Markets Competitiveness "Helping Small Biz & Creating Fintech Policy"
U.S. Chamber of Commerce Center for Capital Markets Competitiveness Vice President, Julie Stitzel, joins Jonathan & Michael to chat about the U.S. Chamber's focus on small business education support, and the United States competitive position in currency, digital assets & tech innovation. ABOUT JULIE STITZEL Julie Stitzel is Vice President of the U.S. Chamber’s Center for Capital Markets Competitiveness (CCMC) and leads the team’s efforts on consumer finance and FinTech policy. Previously, Stitzel was the Managing Director of Policy and Strategic Initiatives of C_TEC (Chamber Technology Engagement Center), the tech policy hub of the U.S. Chamber of Commerce where she directed the development and implementation of C_TEC’s policy priorities and represented C_TEC on Capitol Hill, before the administration, and other industry organizations. Prior to joining the U.S. Chamber of Commerce, Stitzel was the senior manager for federal advocacy and policy for Etsy where she was responsible for directing federal and state legislative campaigns that focused on strengthening US micro businesses. Prior to her work at Etsy, Stitzel directed a project at the Pew Charitable Trusts and held positions at the Brookings Institution, the Ohio State Senate and various nonprofit organizations. Stitzel is a graduate of Harvard’s John F. Kennedy School of Government and Ohio University. Follow Julie on Twitter: @julie_stitzel ABOUT THE U.S. CHAMBER OF COMMERCE CENTER FOR CAPITAL MARKETS COMPETITIVENESS The Center for Capital Markets Competitiveness’s (CCMC) mission is to advance America’s global leadership in capital formation by supporting diverse capital markets that are the most fair, transparent, efficient, and innovative in the world.  CCMC advocates on behalf of American businesses to ensure that legislation and regulation strengthen our capital markets allowing businesses—from the local flower shop to a multinational manufacturer—to mitigate risks, manage liquidity, access credit, and raise capital. SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
57:00
May 21, 2020
#16 Robert Buechner, Attorney & Chairman BHMK Law "Tax-advantaged Strategies for Post-Pandemic Venture Investing"
While the economy is certainly volatile, there are many ways to capitalize upon the uncertainty and leverage opportunities for asset growth. Jonathan & Michael are joined by attorney Robert Buechner to discuss tax-advantaged strategies for investing in the current market climate. The conversation dives into specific ways to leverage the law and investing to achieve tax preferred growth in venture capital and other assets as we move towards a buyer's market.  ABOUT ROBERT BUECHNER Robert W. Buechner is President of the law firm of Buechner Haffer Meyers & Koenig Co., L.P.A. in Cincinnati, Ohio.  He is a graduate of Princeton University and the University of Michigan Law School and has earned the prestigious CLU and ChFC designations from the American College. He has been designated as a Super Lawyer since 2009 and is certified as a specialist in Estate Planning, Trust and Probate Law by the Ohio State Bar Association. Nationally recognized as an authority on tax and financial matters, Mr. Buechner has authored six books, published 18 articles and has spoken at over 1,000 tax, financial, and motivational forums.  He has also spoken at the Million Dollar Roundtable and nine CLU Institutes. In addition, he has been an entrepreneur starting “Team Coaching for Winning at Life” and has developed a seminar program with Tara L. Robinson titled “Connecting Passion and Purpose.” Also he has been a co-chair of “Champions for Urban Youth” which connects caring adults with inner city children. He has served as Chair or Chairman of the Board of Trustees of the following organizations: Southwestern Ohio Tax Institute, Tax section of the Cincinnati Bar Association, church council of Hyde Park Community United Methodist Church, the City Club, Greater Cincinnati Estate Planning Council, the Cincinnatus Association, the Princeton Club of Southwestern, Ohio and Cincinnati Country Day School. (“CCDS”).  He hosted his own T.V. show, “Greater Cincinnati Business Review” for 11 years.  He has also served on the Board of Directors of two publicly traded corporations and is a former trustee of SORTA. Mr. Buechner has been a volunteer mentor in our public schools for over 25 years earning the prestigious “Extra Mile” Award in 2002.  In addition, the Cincinnati Bar Association awarded him the first John Warrington Community Service Award in 1997 and he received the “Chieftain” award from CCDS in 2016 for outstanding community service. SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
49:37
May 19, 2020
#15 Rob Griggs, founder & SVP Macromedia & EVP Corum Group "Post-Covid M&A: Buying & Selling Private Equity Assets"
Michael & Jonathan are joined by Rob Griggs, the founder & SVP of Macromedia and Executive Vice President of Corum Group. The conversation focuses on private equity and strategic capital acquisitions in the post-pandemic mergers and acquisitions world. ABOUT ROB GRIGGS As a serial entrepreneur and investment banker, Rob Griggs has had a successful 35+ year career in the high technology arena. Early in his career he was a top performer at Apple before starting his first software company in the mid-1980’s. As a founder of Authorware / MacroMedia, NetRadio, Wit Capital, and many other companies, Rob’s sales, marketing, business development and capital raising skills have been honed over supporting hundreds of company financial transactions during his career. His success and extensive experience in software M&A uniquely qualify him as an expert in building value and realizing wealth. Rob joined Corum Group, the world’s leading software M&A firm, with a specific focus on educating and helping prospective sellers maximize the value of their technology companies. ABOUT CORUM GROUP Corum Group Ltd. is the global leader in merger and acquisition services, specializing in serving software and information technology companies worldwide.   For 30 years Corum has created the standard for success. With offices across the globe, Corum has completed over US $10 billion in transactions spanning six continents. Corum also educates the industry with its popular conferences and publishes the most widely distributed software M&A research. SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
55:04
May 17, 2020
#14 Kentucky State Senator Brandon Smith & Dr. Brian Houillion "KY Senate Bill 55: Building State & Local Government Blockchain"
In these volatile times, state and local governments must think outside the box and embrace technology much faster than normal to improve operating efficiencies and create better outcomes at lower costs. Kentucky State Senator Brandon Smith and Dr. Brian Houillion join Jonathan & Michael to discuss the recently passed Kentucky Senate Bill 55 and the effort to drive new efficiency in information and security of data at the state and local government level. In this episode, the guests reflect the experience of getting the legislation passed with overwhelming bipartisan support, and the myriad of use cases the newly formed blockchain working group will explore, develop and implement. ABOUT SENATOR BRANDON SMITH Senator Smith is the owner of Mohawk Energy. He is a graduate of University of Kentucky with a BA in Political Science.  ABOUT DR. BRIAN HOUILLION Dr. Houillion is a local government advisor for 10XTS, a fintech company that is leveraging blockchain technology in the delivery of municipal bonding. He is also a special projects consultant for local governments and non-profits. He has served as the Chief of Staff and Executive Director of the Office of Financial Management and Administration for the Kentucky Department for Local Government, Chief Administrative Officer for the Kentucky Department of Alcoholic Beverage Control, Special Projects Manager for the Kentucky Public Protection Cabinet, City Manager for two Kentucky cities (Ludlow & Fort Mitchell), and Senior Manager for Terminal Operations for the Greater Cincinnati/Northern Kentucky International Airport (CVG). Dr. Houillion has been appointed by the governor to serve in the roles of Commissioner on the Kentucky Emergency Response Commission, member of the Bluegrass Community & Technical College Board of Directors and as Chair of the Kentucky Board of Licensure for Massage Therapy. In addition to the University of the Cumberlands, he is an adjunct professor for graduate studies in public administration and public policy at American Military University/American Public University in Charles Town, WV. Dr. Houillion is in the process of obtaining the Certified Associate in Project Management (CAPM) from Project Management Institute. SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
54:34
May 14, 2020
#13 U.S. Congressman Thomas Massie "Hardening the Food Supply Chain with the PRIME Act"
In this episode, Jonathan & Michael are joined by U.S. Congressman Thomas Massie (KY 4th District) to discuss how the Covid-19 crisis has exposed systemic weaknesses in the food supply chain, and the bi-partisan PRIME Act that restores regional processor's ability to localize the food industry. As a national security issue, eliminating inefficiencies and international special interests out of the middle of producer and consumer relationships helps restore a high degree of regionalized self-reliance and proper state level controls. Congressman Massie also discusses the Digital Dollar legislation and how the bills proposed are vehicles to expedite payments from the U.S. Government to constituents in a more efficient manner - but at what cost to freedom itself? ABOUT THE PRIME ACT The PRIME (Processing Revival and Intrastate Meat Exemption) Act to make it easier for small farms and ranches to serve consumers. The PRIME Act would give individual states freedom to permit intrastate distribution of custom-slaughtered meat such as beef, pork, or lamb to consumers, restaurants, hotels, boarding houses, and grocery stores. Current law exempts custom slaughter of animals from federal inspection regulations, but only if the meat is slaughtered for personal, household, guest, and employee use. This means that in order to sell individual cuts of locally-raised meats to consumers, farmers and ranchers must first send their animals to one of a limited number of USDA-inspected slaughterhouses. These slaughterhouses are sometimes hundreds of miles away, which adds substantial transportation cost, and also increases the chance that meat raised locally will be co-mingled with industrially-produced meat. The PRIME Act would expand the current custom exemption and allow small farms, ranches, and slaughterhouses to thrive. Massie, a rancher, owns 50 head of cattle on his off-the-grid farm in northeast Kentucky. Follow him on Twitter: @RepThomasMassie SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://digitaldollar.substack.com  For more information about our sponsor, visit https://10xts.com Follow us on Twitter
1:00:31
May 12, 2020
#12 Christopher Giancarlo, former CFTC Chairman & Founder of the Digital Dollar Project
Jonathan and Michael are joined by J. Christopher Giancarlo, Director of the Digital Dollar Project. Mr. Giancarlo is also Senior Counsel to the law firm Willkie Farr & Gallagher and the former Chairman of the U.S. Commodity Futures Trading Commission (CFTC).  Mr. Giancarlo also served as a member of the Financial Stability Oversight Committee (FSOC), the President’s Working Group on Financial Markets, and the Executive Board of the International Organization of Securities Commissions (IOSCO). Mr. Giancarlo serves on the Advisory Board of the Chamber of Digital Commerce and as an independent director of the American Financial Exchange.  He is also Chairman of the Board of Common Securitization Solutions, Inc. Under his leadership, the CFTC published primers on virtual currencies and smart contracts, oversaw the launch of the first bitcoin futures contracts and created LabCFTC as the agency’s stakeholder in the digital evolution of derivatives trading markets. Follow Chris Giancarlo on Twitter: @giancarloMKTS ABOUT THE DIGITAL DOLLAR PROJECT The Digital Dollar Project is a partnership between Accenture (NYSE: ACN) and the Digital Dollar Foundation to advance exploration of a United States Central Bank Digital Currency (CBDC). The purpose of the Project is to encourage research and public discussion on the potential advantages of a digital dollar, convene private sector thought leaders and actors, and propose possible models to support the public sector. The Project will develop a framework for potential, practical steps that can be taken to establish a dollar CBDC. Learn more at: http://digitaldollarproject.org
1:00:21
May 10, 2020
#11 Jeff Booth, Founder BuildDirect, Entrepreneur, Author of "The Price of Tomorrow"
Jonathan & Michael are joined by entrepreneur turned author, Jeff Booth. Booth was the founder of BuildDirect, which grew to $500 million in valuation. Most recently, Jeff has authored the book, "The Price of Tomorrow", a fascinating read into the dichotomies of economic reality vs. monetary policy. Topics covered: Why we need to embrace deflation How tech makes everything cheaper vs. currency that makes everything more expensive The endless debt cycle as it impacts macroeconomic future Read a great Medium article by Jeff: "Why We Need to Embrace Deflation" Follow Jeff on Twitter: @JeffBooth SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com Follow us on Twitter
1:12:10
May 7, 2020
#10 Oscar calleja ruiz, Global Director External Channels & Digital Transformation Santander Bank "The EU banking response to crisis"
Oscar calleja ruiz joins Michael & Jonathan from Madrid for this episode. Oscar is the Global Director of External Channels and led the Global Digital Transformation effort for Santander Bank. Topics covered include: The history of the 2008 Spanish Great depression, housing bubble, the European economy EU central banking reactions to the Covid-19 crisis End to issuances of bond offering via blockchain technology Has digital transformation given international banks more efficiency and a huge competitive edge over US banks? Banks leveraging digital to provide superior services to end clients Central bank digital currencies in the EU and resetting the flaws in existing member nation currency policies International monetary fund SDRs and EU member nations, whether the World Bank have a role to play Another great episode with an international perspective. SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com Follow us on Twitter
53:21
May 3, 2020
#9 David Tice, famed bear investor, Ranger Bear Fund (HDGE) "And then the bear roared"
Jonathan & Michael are joined by famed bear investor, David Tice.  Tice is well known for founding and managing the Prudent Bear Fund (BEARX) from 1996-2008. For the ten years ended 12/08 when Tice sold the fund, BEARX increased in value at a 7.97% annualized rate, while the S&P 500 lost 1.38% annually. He is also known for sponsoring the Credit Bubble & Its Aftermath on September 21, 1999 at the Waldorf Astoria Hotel, that was covered by the WSJ's front page the next morning. David’s “Behind the Numbers” research report on Tyco Int'l prompted investor and regulator scrutiny that eventually caused the company to lose tens of billions in market capitalization. David most recently became the Chief Investment Officer of Ranger Bear Fund (HDGE), an actively managed ETF that looks to profit from bearish sentiment. The conversation spans:The Ranger Bear fund (HDGE) establishes short positions in stocks chosen by the management team in companies that look likely to struggle. The managers look for low earnings quality or aggressive accounting (among other things) to help determine stocks that may be set to fall. Low earnings quality, as the fund’s home page notes, could include a negative forecast or downward revisions. The conversation spans: general bear market sentiment around Covid-19 gold currency market gold digital assets & digital central bank currencies gold opportunities for investors in a trashed out bear market gold (you get the point). SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com Follow us on Twitter
55:42
April 29, 2020
#8 Dr. Maxwell Zeb Shumba, Zimbabwe Presidential Candidate "A currency crisis is a nation in crisis"
To explore what a nation looks like with a manipulated currency policy and the net effects of monetary controls gone bad, Michael & Jonathan are joined by Dr. Maxwell Zeb Shumba, Zimbabwean Presidential Candidate for the ZIMFIRST Party. Also joined by members of th ZIMFIRST Party advisory team Walter Michael Scharf and Danny Muchirahondo. Zimbabwe's challenges have continued with the post Mugabe regime carrying forward the economic policies that have kept the nation from progressing. Max and his team discuss the intrinsic challenges of the monetary policy manipulations that resulted in astronomical inflation, as well as their belief in a future digital currency model backed by the natural resource assets of the nation. At present, the current administration exploits the natural resources for personal gain, for example, secretly dealing with the Chinese government to sell lithium and other element resources. Also discussed, how the policies reversed Zimbabwe's successful agricultural industry from being a net food exporter to an importer after famine resulted from the destruction of the farms. ZIMFIRST Party believes agriculture to be an integration point for implementing a new, digital currency system that allows the people of Zimbabwe to share in the profits of the natural resources. ABOUT ZIMFIRST ZIMFIRST is a democratic non-violent Zimbabwean Party that embraces all Citizens of Zimbabwe. It does not discriminate along race, tribal or gender lines. ZIMFIRST stands for Zimbabwe First, which means the wishes of the people come first. ZIMFIRST was formulated in response to current toxic political situation in Zimbabwe borne as a result of rampant corruption, lack of rule of law, financial meltdown, and lack of basic human rights and needs. ZIMFIRST is inclusive of the old for their wisdom, the young for their vision and combined a true new vision for Zimbabwe. Learn more at http://zimfirst.org/ SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com Follow us on Twitter
1:05:26
April 26, 2020
#7 U.S. Congressman Warren Davidson "Monetary Policy & the Future of Banking"
Michael & Jonathan are joined by U.S. Congressman Warren Davidson. Recently appointed to President Donald Trump's bi-partisan "Opening America Up Again" Congressional Group, Congressman Davidson also serves on the House Financial Services Committee, where he has led policy discussions about fintech, blockchain, cryptocurrency, and legislative policy.  Having previously co-sponsored the Token Taxonomy Act, Congressman Davidson has been an advocate for technology innovation and digital transformation in both capital markets and regulatory efforts.  With the continued push towards the adoption of a purely digital form of native U.S. Treasury currency, the U.S. Digital Dollar is a cataclysmic black swan event for U.S. monetary policy and traditional banking. Smart institutions will adapt quickly, but many will be unable to find new value add propositions and continue to exist. With a potential shift to the IMF for issuance of their own reserve currency, the present hypothesis for a continued demand for the traditional U.S. dollar is at risk of being instantaneously slashed by the global central banking system. Any U.S. Digital Dollar with a continued ability to manipulate the currency itself is contrasted by a digital currency model like Bitcoin, where the maximum number of units of account is mathematically fixed and unalterable. As the United States rapidly moves into the global digital currency system, the likelihood of a default on debt obligations is inevitable. This episode should be a sobering alarm bell for any capital markets and finserv stakeholder. This is literally the "big one". SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com Follow us on Twitter 
57:50
April 22, 2020
#6 Dan Mitchell, Center for Freedom and Prosperity, Cato Institute "The debts of Covid-19: Macro-economics up in flames"
In this episode, Michael & Jonathan have a discussion about the macro-economics of the current Covid-19 situation at a national policy level with guest, Dan Mitchell, libertarian Austrian school economist and former senior fellow at the Cato Institute.. He is a proponent of the flat tax and tax competition, financial privacy, and fiscal sovereignty. Mitchell’s career as an economist began in the United States Senate, working for Oregon Senator Bob Packwood and the Senate Finance Committee. He also served on the transition team of President-Elect Bush and Vice President-Elect Quayle in 1988. In 1990, he began work at the Heritage Foundation. At Heritage, Mitchell worked on tax policy issues and began advocating for income tax reform. In 2007, Mitchell left the Heritage Foundation, and joined the Cato Institute as a Senior Fellow. Mitchell continues to work in tax policy, and deals with issues such as the flat tax and international tax competition. In addition to his Cato Institute responsibilities, Mitchell co-founded the Center for Freedom and Prosperity, an organization formed to protect international tax competition. Mitchell is a frequent commentator on television and has appeared on all the major networks, including CBS, NBC, ABC, FOX, CNN, CNBC, and C-SPAN. He was also formerly a weekly guest on CNBC's "Street Signs". https://danieljmitchell.wordpress.com/ https://twitter.com/danieljmitchell SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com
48:48
April 21, 2020
#5 Troy Vanderburg, 10XTS VP Markets, Slyde Ventures "It's the end of the Fed as we know it, and I feel fine!"
This episode is a bit of a doozy. We asked 10XTS VP Markets, Troy Vanderburg, to discuss the history of the Fed, current issues like QE, expansion of debt, banks, commercial paper, and the intricacies of the monetary system all culminate in a critical mass reshaping global markets and monetary systems in real time. Then we discuss how it transitions to present day with the continued policy march towards the US Digital Dollar. ABOUT TROY VANDERBURG Troy R. Vanderburg is the Founder of Slyde Ventures, a Micro-VC based in the Miami area. A former Securities Professional with a focus on alternative assets within the financial services industry, he is now focused on investing in and advising other entrepreneurial endeavors. Primarily interested in Financial Technologies, Travel Technologies, Blockchain, and Cryptocurrency. Formerly, Troy held his Series 3,6,7,63,65 licenses from FINRA, he most recently obtained his Scrum Alliance Certified Product Owner and ScrumMaster with an eye towards the merger of capital, finance & technology. SUBSCRIBE TO THE EMAIL INBOX UPDATES! https://10xts.substack.com  For more information visit https://10xts.com
1:03:44
April 20, 2020
#4 Charles Tassell, COO of REIA (National Real Estate Investment Association) "Is Real Estate About To Melt Again?"
In this episode, Jonathan & Michael are joined by guest, Charles Tassell. Charles is the COO of the National Real Estate Investment Association. https://www.reia.org/ We take a dive with him to: discover the intricacies of policy and market headwinds on the real estate market the effect on real estate investors the clock ticking on another grand scale meltdown as the current pandemic crisis continues to ice the economy. If you’re into real estate or have portfolio holdings, this one directly impacts you, so give it a listen. In the retrospective section afterwards, Michael & Jonathan take a deep dive discussion into the implications on monetary policy and the forthcoming USDD (United States Digital Dollar).
46:21
April 14, 2020
#3 Jonathan Downes, Public Sector Labor Attorney Specialist "State & Local Government Finance: Facing the Circular Firing Squad"
The recent policy decisions have not only impacted the private sector, but the public sector is teetering on the edge of full collapse as well. The unintended consequences of shutting down the economy is also shutting down government with no tax revenue being collected to finance operations. Highlighting the intricacies and interconnected nature of our economy, this episode features Michael Hiles & Jonathan Dever's deep dive discussion with attorney, Jonathan Downes.  Jonathan has worked in and around the public sector the duration of his career, and riffs on things like: the changing face of government operations the cascading effect of disrupting tax revenue on basic public services the state and local municipal bond markets being iced the impact on institutional capital availability from disrupted public sector retirement benefits finance coping with fiscal emergency as a small government operation the evolution of education and administration and much more! About Jonathan Downes  Jonathan has over 30 years of experience in practicing labor and employment law in Ohio and has successfully negotiated over 500 labor agreements and has presented over 100 impasse proceedings and 100 arbitrations. He represents cities, townships, counties, school districts, and public officials throughout the State of Ohio. Jonathan also represents private employers in employment matters. He has argued cases before the Ohio Supreme Court and the United States Court of Appeals for the Sixth Circuit. Jonathan is rated AV Preeminent by Martindale-Hubbell. Jonathan is a Fellow of the College of Labor and Employment Lawyers. Jonathan has been selected as one of the “Best Lawyers in America – Employment and Labor Law” every year since 2010, as an “Ohio Super Lawyer” every year since 2004, one of “Central Ohio Top Lawyers” since 2009, and received the OHPELRA “Award of Excellence” in 2016. He is also certified by the Ohio State Bar Association (“OSBA”) as a Specialist in Labor and Employment law. He lectures frequently on many topics including state and federal employment and labor law developments, civil rights, civil service, arbitration, and collective bargaining. Jonathan served on the Civil Service Review Commission for the State of Ohio, authored “Civil Service Law in Ohio,” and edits the Westlaw annual publication of the “Ohio Civil Service and Collective Bargaining Laws and Rules Annotated.” Jonathan was a member of the OSBA’s Board of Governors for the Labor and Employment Law Section, is a member of the Ohio Management Lawyers Association, and a charter member and past president of the Ohio Public Employers Labor Relations Association. Jonathan volunteers in his community in various capacities including serving on boards of a public library and two charter schools and advises a high school mock trial team. For more information visit https://10xts.com Subscribe to the newsletter at https://10xts.substack.com
46:28
April 9, 2020
#2 Michael Hiles & Jonathan Dever "Stimulating the Stimulus"
Jonathan & Michael discuss the CARES Act, specifically the implications of banks being conscripted by the Treasury Department as a customer service department to process stimulus lending and grant applications. They also discuss their direct SBA Payroll Protection experience, the failure of government information systems and the impact on federal and state policy roll outs. For more information visit https://10xts.com Subscribe to the newsletter at https://10xts.substack.com
32:14
April 8, 2020
#1 Michael Hiles & Jonathan Dever "The Post-Pandemic Economy"
Welcome! In this inaugural episode, 10XTS CEO Michael Hiles & Jonathan Dever, 10XTS SVP Director Public Policy Affairs, discuss our current economic situation, monetary & public policy, and much more. Governments aren't equipped to handle the pace of policy needs. Institutions aren't prepared for the acceleration towards digital assets powered by blockchain technology. Data science will drive more decisions as business, organizations, and leaders seek clarity.  And now more than ever, we have an imperative to ensure America secures its own future.  Join us as we explore the journey towards building the next economy. About the Hosts...   Michael Hiles, 10XTS Founder / CEO   Michael is a business executive with multiple startup and early stage company experience. He is a technology solutions architect with marketing, business operations, and financial experience. Michael began developing software on mainframe systems at an early age in the late 1970’s. He has over 40 years of software and data architecture and development experience.  Early in 2017, Michael formalized the founding team and launched the company, subsequently attracting immediate attention in the marketplace. Michael frequently speaks at events and conferences.   Jonathan Dever, 10XTS SVP / Director Public Sector Relations   Former Ohio State Representative Jonathan Dever is the founding and Managing Member of The Dever Law Firm located in West Chester, Ohio.  He obtained his undergraduate degree from the University of Cincinnati, his Master’s Degree in Industrial Labor Relations from Indiana University of Pennsylvania, studied International Comparative Labor Relations at Adam Mischevich University, attended Oxford University St. Anne’s College, and received his Juris Doctorate from Capital University Law where he received a Certificate of Concentration in Employment and Labor law and was a Member of the Law Review Staff.  While serving Ohio’s 28th District in his first term in the Ohio House of Representatives, he was appointed to serve as the Chairman of the Financial Institutions Housing and Urban Development Committee.  As Chair, he was charged with overseeing the reform of all Ohio’s financial institutions’ laws, laying out an aggressive agenda of reorganizing and rewriting its foreclosure, lending, real estate, and banking statutes. For more information visit https://10xts.com  Subscribe to the newsletter at https://10xts.substack.com
35:16
April 8, 2020