A central bank digital currency (CBDC) is a form of digital currency issued by a country's central bank. It is similar to cryptocurrencies, except that its value is fixed by the central bank and is equivalent to the country's fiat currency. Many countries are developing CBDCs, and some ha...
A super currency is a hypothetical global currency orsupranationalcurrency, that would be backed by a basket of reserve currencies at theInternational Monetary Fund(IMF), and form the basis for a new global monetary system. The idea has attracted new interest after the financial crisis, and it ...
It’s hardly the first time America’s adversaries have attempted to knock the U.S. dollar away from its status as the world’s reserve currency, however, this time BRICS is receiving enough global interest to potentially make their efforts a reality. BRICS, the acronym for the five original...
It follows that, in the current world system, petroleum is also money. However, cracks are starting to form in that system as the BRICS nations (Brazil, Russia, India, China, South Africa, and now Saudi Arabia, among other countries) have created an alternative trading bloc, and the Saudi...
Image:Argentina could use the dollar as its currency, and Brazil hosts the G20 this year. Tensions are rising in Venezuela and Guyana over oil Argentina begins 2024 in a state of upheaval.Newly sworn-in president, 'the madman' Javier Milei, has introduced sweeping changes as the ...
“If we continue on this path of spending, the real bubble that we need to be concerned about is the dollar and bond bubble.” Eric Sepanek SBC Founder The cycle of spending and printing seems endless in an economy built on fiat currency with no physical backing. Without internal guardrails...
Britain and forty other countries joined the AIIF as founding members, and the IMF is cooperating (BBC 2015), but Washington has refused to join. The Chinese yuan has become a rival to the dollar as the primary international currency (Holmes 2015). There is also a global elite consisting ...
currency swap arrangements with more than 20 B&R countries and Renminbi clearing arrangements with 7 B&R countries, and signed cooperation agreements with the financial supervision authorities of 35 B&R countries. The Reminbi's functions as a currency for international payment, investment, trade, and ...
If the Federal Reserve creates money and the U.S. governmentassumes and monetizes debtfaster than the U.S. economy grows, the future value of the currency could fall in absolute terms. Fortunately for the U.S., virtually every alternative currency is backed by similar economic policies. Even...