IMF wanted a new Bretton Woods moment. I think they were aiming for a digital currency, but an actual gold-backed currency is as close as you can get to the actual Bretton Woods (gold-backed USD).
India and China are still transacting with Russia, and the world is too dependent on the region for fuel, fertilizer and food.
The real question is does this bolster or harm the cause of the CBDC?
You could create a CBDC token tied to hard assets like gold or land or other commodities sort of like a blockchain ETF where people trade gold or silver futures today?
Or is Putin doing this because he wants Russia with something solid to base its financial system on that he controls out of the grasp of the central banking cabal that answer to Davos?
Even if it's tied to gold, CBDC has the ability to easily track and regulate (ie. limit where money can be spent, seize money, freeze accounts, set carbon limits). Hopefully enough people see what happened in Canada and with Russia as a reason to never trust a CBDC.
archive of OP's link: https://archive.ph/rFf34
IMF wanted a new Bretton Woods moment. I think they were aiming for a digital currency, but an actual gold-backed currency is as close as you can get to the actual Bretton Woods (gold-backed USD).
India and China are still transacting with Russia, and the world is too dependent on the region for fuel, fertilizer and food.
The real question is does this bolster or harm the cause of the CBDC?
You could create a CBDC token tied to hard assets like gold or land or other commodities sort of like a blockchain ETF where people trade gold or silver futures today?
Or is Putin doing this because he wants Russia with something solid to base its financial system on that he controls out of the grasp of the central banking cabal that answer to Davos?
Even if it's tied to gold, CBDC has the ability to easily track and regulate (ie. limit where money can be spent, seize money, freeze accounts, set carbon limits). Hopefully enough people see what happened in Canada and with Russia as a reason to never trust a CBDC.
well what Canada did just demonstrates that all bank accounts are unsafe, no matter the currency inside them :(
With fiat, there is cash. It's harder to transact if you're not using a bank account, but possible. CBDC makes it impossible.
I think Russia and China and India might create a currency based on a basket of good.