Jump to content
Sign in to follow this  

Trends in International Relations

Recommended Posts

Good paper, the other day I came across this link that is worth sharing as well.

https://www.ecb.europa.eu/euro/html/digitaleuro.en.html

The digital currency should be real in about two years counting from 2021. Bahamas has just released their digital currency to their citizens and they can now operate with it. China is also testing their digital yuan in Shenzhen so I see it being live in a few months as well.

One point that I think is blocked is that I don't see a public bank being created anytime soon. Many European countries have been asking for a public finance sector that could remedy those sanctions coming from economic powers and nothing has been done. I don't hold hope for a public bank in Europe, maybe the digital currency will remedy some of the aspects but that will be it. 

  • Like 1

Share this post


Link to post
20 hours ago, jlz said:

Good paper, the other day I came across this link that is worth sharing as well.

https://www.ecb.europa.eu/euro/html/digitaleuro.en.html

The digital currency should be real in about two years counting from 2021. Bahamas has just released their digital currency to their citizens and they can now operate with it. China is also testing their digital yuan in Shenzhen so I see it being live in a few months as well.

One point that I think is blocked is that I don't see a public bank being created anytime soon. Many European countries have been asking for a public finance sector that could remedy those sanctions coming from economic powers and nothing has been done. I don't hold hope for a public bank in Europe, maybe the digital currency will remedy some of the aspects but that will be it. 

thanks - the regulated digital currency theme is interesting, I think as usual I'm late in trying to understand it...  but it seems to have a long-term potential of further changing our financial system fundamentally (that would deserve a separate thread, maybe..?) - no more bank run worries, no more quarter end repo rate spikes, negative deposit rates could be ruled out...  haven't thought this through at all.  will try to find some accessible analysis on use and  risks... 

Edited by HMB

Share this post


Link to post

Join the conversation

You are posting as a guest. If you have an account, sign in now to post with your account.
Note: Your post will require moderator approval before it will be visible.

Guest
You are posting as a guest. If you have an account, please sign in.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.

Sign in to follow this  

  • Member Statistics

    • Total Topics
      13,162
    • Total Posts
      66,785
    • Total Members
      89,582
    Newest Member
    Bleph10
    Joined 01/12/20 12:36
  • Posts

    • 3 Weeks to Flatten the Curve  -- Day 252 and counting:   A Dr writes, Yardley Yeadon @MichaelYeadon3 (PhD respiratory pharmacol) 1h "... The hallmark of a pandemic is excess deaths, such as the extreme event in spring. In the autumn, in excess of 10k deaths have been attributed to covid19. Yet the autumn all-causes mortality is barely above the 95% confidence interval for the 5y average. That’s not even an epidemic. For comparison, the degree of elevation of the last weeks all-cause mortality is the same as that arising from the first real heatwave we’ve had in U.K. (several days in Aug where temps exceeded 34C). Those were circulatory excess deaths & are familiar in Europe. Oddly though, now, non-covid19 deaths are apparently reduced. As this is most unlikely, there is significant overstatement of covid19 deaths, in turn due to the volume of false positives from PCR mass testing. Corrected for this, the dominant cause of total mortality is likely due to restricted access to the NHS for 8mo & counting. ..."  
    • but there has been a mass of data already published that the lockdowns or masks have not had any affect in fighting Covid at all. 
×
×