With Bloomberg you get the story behind the story, the story behind the global birth rate,

behind your EV batteries environmental impact, behind sand. Yeah, sand, you get context.

And context changes everything. Go to Bloomberg.com to get context. Hello and I'm Tracy Allaway.

Tracy.

Hello and welcome to another episode of the Odd Lots Podcast.

I'm Jill Weizenthall. and I'm Tracy Allaway.

Tracy I think that recently we may have seen one of the most pivotal events in the history of money.

That is a large claim, but I think I know what you're talking about,

Facebook's announcement about starting its own

cryptocurrency called Libra.

Right, like I don't necessarily think it's definitely going to be or that it's going to work or that it's going to take off and in fact I'm kind of skeptical that it'll ever get launched at all because of all of the regulatory and political scrutiny that

Facebook is under but I this is quite a walkback no no I know it sounds like a

walkback but I think that like with all existing caveats it just seems like a

really big deal to me that one of the biggest companies in the world is trying to

launch its own global currency. Like I think we kind of have to just step back for a second

and be like, wow, this is like pretty wild, futuristic

sci-fi stuff here.

So I will say I am sort of bullish on the idea of a global company sort of nibbling at the edges

of traditional sovereignty and I don't know if you ever read the Margaret

Atwood book but she talks about how in the future companies basically control the

world and people live in corporate compounds I can see that aspect of it, but I got to say I'm a little bit more

skeptical about exactly what Facebook is proposing here.

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