A new study released Thursday looked at protest movements from 2006 to 2020It found a clear trend that the number of movements increased during that time
In 2006, the study recorded just 73 protest movements. In 2020, it found 251
It also recorded some of the largest protest movements ever, including the huge Indian farmers strikes and the Black Lives Matter movement in the US
[Daily Reckoning] s the move toward central bank digital currencies real? And, if so, is it the first step toward a global reserve currency that will replace the dollar and euro as currencies of choice in reserve positions of major economies?
Well, yes and no.
Before I expand on that answer and explain the impact central bank digital currencies will have on the more familiar world of foreign exchange, it’s helpful to say a bit more about what central bank digital currencies (CBDCs) are.
CBDCs are not cryptocurrencies. The CBDCs are digital in form, are recorded on a ledger (maintained by a central bank or Finance Ministry), and the message traffic is encrypted. Still, the resemblance to cryptos ends there.
The CBDC ledgers do not use blockchain, and CBDCs definitely do not embrace the decentralized issuance model hailed by the crypto crowd. CBDCs will be highly centralized and tightly controlled by central banks.
CBDCs are not new currencies. They are the same currencies you already know (dollars, yuan, euros, yen, sterling) in a new form, using new payment channels. They are a technological advance, but they do not replace existing reserve currencies.
CBDCs are currently being introduced by major central banks around the world. Countries are at different stages of deployment. China is the furthest along. They have a working prototype of a digital yuan that will be showcased at the Beijing Winter Olympics in February 2022.
If you’re there and want to buy tickets, meals, souvenirs or pay for hotel rooms, you’ll be expected to pay with the new digital yuan using a mobile phone app or other digital payment channel.
Posted by: Bubba Lover of the Faeries8843 ||
11/06/2021 15:39 Comments ||
Top||
#3
Again someone thinks they should be in charge. Ultimately, its the people who decide by which currency they choose to squirrel away as their 'reserve'.
[The Last Refuge] ♦ SUMMARY: Mary McCord submitted the original false FISA application to the court using the demonstrably false Dossier. Mary McCord participated in the framing of Michael Flynn. Mary McCord worked with ICIG Michael Atkinson to create a fraudulent whistleblower complaint against President Trump; and Mary McCord used that manipulated complaint to assemble articles of impeachment on behalf of the joint House Intel and Judiciary Committee. Mary McCord then took up a defensive position inside the FISA court to protect the DOJ and FBI from sunlight upon all the aforementioned corrupt activity.
You can clearly see how Mary McCord would be a person of interest if anyone was going to start digging into corruption internally within the FBI, DOJ or DOJ-NSD.
A multi-volume chronology and reference guide set detailing three years of the Mexican Drug War between 2010 and 2012.
Rantburg.com and borderlandbeat.com correspondent and author Chris Covert presents his first non-fiction work detailing
the drug and gang related violence in Mexico.
Chris gives us Mexican press dispatches of drug and gang war violence
over three years, presented in a multi volume set intended to chronicle the death, violence and mayhem which has
dominated Mexico for six years.
Rantburg was assembled from recycled algorithms in the United States of America. No
trees were destroyed in the production of this weblog. We did hurt some, though. Sorry.
[Daily Reckoning] s the move toward central bank digital currencies real? And, if so, is it the first step toward a global reserve currency that will replace the dollar and euro as currencies of choice in reserve positions of major economies?
