Rather than bail outs for private banks this time around, you let them go bust, along with the debt based currency issuing system.
Central banks will create new digital currencies that account holders will get to replace any money they had held in the regular private banks - all you'd need is an app. Central banks become the main debt-free (for now) new global currency issuers
You then get currency wars in a 'debt free' economy as currencies battle for significance.
The private banks have to re-invent themselves as Fintech companies.
He mentions that real estate is going to be hit pretty hard, but doesn't really talk too much about this.
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