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RE: The Economist And The World In 2019
and interesting find, thanks for it! :)
I think, briefly, some middle ground will be found: neither any Crypto will become new Global (reserve) currency, nor any fiat currency will continue to play its role. more likely, there will be some sort of "fiat-crypto", but not any single one will be dominating (as USD wa so far) - rather it would be a whole "basket" of such. I have further elaborated on my vision here
Thank you for stopping by @vimukti-ananda I will be sure to take a look at your post, I was thinking along the lines of a world currency that works behind the scenes .. so yes "fiat-ctypto" could fulfill that objective .. thank again :)
thanks for your reply. :)
regarding "currency that works behind the scenes", those guys don't really need any.
I think currencies or fiat moneys are just a tools for them, but they don't give a sh1t about money.
if they can make them almost literally out of thin air (with the whole fractional reserve banking or even without it) - why bother at all?
it reminds me some episode from that futuristic movie "In Time", when they demonstrated negligence and indifference to the fictional currency used there (seconds on timer) - which they imposed upon the whole population and which was matter of life and death for many.
Yes, I agree that they don't need any and that they have more wealth than you could spend in a hundred lifetimes. My perspective is that a monetary digital 2.0 (the glue that binds the currencies) will be used as the first stage in a new system that will gradually evolve to become a control mechanism. They have the money and now they want to use the power it has brought them to cement control over every facet of our lives.
here is related stuff recently, which is also talking about "2.0"
yes, I tend to agree with that! your this conclusion just confirms to me that indeed something might be not so very clear and sure about it, for example:
also: