WEF in Davos - Mastercard CEO Michael Miebach during a discussion on the future of cross-border payments between nations:
The SWIFT system, long dominated by western interests, might be made obsolete along with the proliferation of digital currencies among central banks.
IMF has been also exceedingly vocal about the need for a global digital currency system in the near future to provide “stability” in the face of national inflationary crisis events.
It seems that western sanctions are only accelerating a global move away from dollar denominated structures, but of course, this may be exactly what global institutions like the WEF and IMF want.
Global economic centralization. Groups like the IMF and WEF could come to “save the day” by instituting a global basket system, likely under the SDR (Special Drawing Rights) basket, in the name of homogenizing and stabilizing various CBDC markets into a single centralized entity.
So now that swift has thrown away it's monopoly (the one thing it had going for it) and future purchases of energy, food, fertilizer and consumer goods need to be made in digital won...were gonna move away from swift and towards digital central bank currencies ...
WanderingToast 0 points 3 years ago
So now that swift has thrown away it's monopoly (the one thing it had going for it) and future purchases of energy, food, fertilizer and consumer goods need to be made in digital won...were gonna move away from swift and towards digital central bank currencies ...
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