Afternoon, everybody. So for the last six weeks in this class, weve been examining the political thought of the imperial crisis. That is, weve been looking at the debates between British Imperial officials and american whig patriots. And that debate has really in many ways come down to one issue , which is, broadly speaking, what is the british constitution and how does it define relations between the mother country and her colonies . And more specifically even the real question is, what is the political constitutional relationship between the power and the authority of the British Parliament and americas colonial legislators . And over the course of about 12 years between 1764 and 1776, the British Parliament passed a series of laws. In 1764, it began with the sugar act and then a year later the stamp act and then in 176768 the townsend acts and then the tea act and then the coercive acts and then in 1775 the prohibitory act. But standing behind all of these acts of british legislatio
From the g7d review working group and others, is to have a very stable value retentive Digital Currency. It will be a very high quality Digital Currency in a number of countries that are currently receiving a lot of their income from abroad. They will now receive a lot of their income from abroad in a Stable Currency that will retain its value. Obviously many of those same third world countries and some than third world have very strict controls on foreign currency. They have currency controls and currency boards and do not allow their consumers to take action outside of their home currency and they do not allow their home currency to be taken out of the country. How does liu brooklyn on dealing with that . Libra plan on dealing with that . There are lots of countries that have the problems you highlighted and do not have currency controls that we can address right away. For other countries it will be on a country by country approach. Any wallet on top of the Libra Network will be inte
Also tomorrow, the senate is expected to vote on the 9 11 Victim Compensation fund. In the house, legislation on Retirement Savings plans and border security. Watch the house live on our companion network cspan2. Tomorrow, Christopher Wray will testify in a hearing. Live coverage will be on cspan 3, starting at 10 00 a. M. Coming up on wednesday, the former special Counsel Robert Mueller testifies before the House Judiciary Committee and the house intelligence committee. That will begin at 8 30 a. M. Eastern, live on cspan and on our companion network, cspan3. It will also be online at cspan. Org. Listen with the free radio app. In 1979, a Small Network with an unusual name rolled out a big idea. Let they make up their own minds. Cspan opened the doors to washington policymaking for all to see, bringing you unfiltered content from congress and beyond. A lot has changed in 40 years, but today that big idea is more relevant than ever. On television and online, cspan is your unfiltered vi
Facebook has announced plans for a new Digital Currency, called libra. David marcus testified for the House Financial Services committee. The committee will come to order. The chair is often recess of the committee at any time. This is entitled based proposed crypto currency an impact on consumers, investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a have
Investors, and the American Financial system. I will now give an Opening Statement for five minutes. Today we are here for a hearing on its books proposed Digital Currency, libra, and digital wallet, and the impact on consumers, investors, and the Financial System. David marcus, following his testimony, a panel of experts will share their views on this book plans, is there are serious concerns about the creation of a Digital Currency and digital wallet to expand its reach, like mastercard, paypal, visa, uber reggie lyft rideshare, and specify. Is trying to create a new global fund to rival the us dollar this venture is slated to be based in switzerland, which has a history of creating a haven for criminals and shady corporations. This plan includes serious privacy training, and monitoring of policy concerns. With 2 billion users, will have immediate access to these products, but also from consumers, festers, and the global economy. In addition, facebook has proposed government guarante