.Global Cryptocurrency ? By MY LADIES
Global Cryptocurrency ?
By MY LADIES 8/25/19
Emailed To Dinar Recaps
HELLO FOLKS, HOW ARE WE ALL DOING THIS WEEKEND? I WANT TO TALK TO EVERYONE ABOUT A FEW INTERESTING THINGS COMNG OUT OF JACKSON HOLE THIS WEEK.
THE NEW BUZZ BEING A SPEECH GIVEN BY MARK CARNEY, THE BANK OF ENGLAND GOVERNOR. CARNEY HAS ALWAYS BEEN A PIONEER OF BLOCK CHAIN AND DIGITAL CURRENCIES, HERE IS THE SPEECH HE GAVE ABOUT FINTECH BACK IN 2016
AND THIS WEEK HE’S SPEAKING OUT ABOUT A GLOBAL MONETARY SYSTEM TO REPLACE THE DOLLAR.
CARNEY HAS ALWAYS BEEN A TRAIL BLAZER IN FINTECH HERE FROM 2016.
On June 16th the Bank of England quietly published Carney’s Mansion House speecH, the Bank’s most important. In it, he laid out an ambitious vision for how fintech and blockchain could transform the global financial system and UK economy.
He argued, “For everyone, fintech may deliver a more inclusive financial system, domestically and globally; with people better connected, more informed, and increasingly empowered.”
Carney also announced the bank was piloting a central bank digital currency project. With a “Britcoin” the Bank of England could better defend against crises like BREXIT, prevent financial crimes, encourage honest competition, foster innovation and financial inclusion and boost growth.
THIS WEEK CARNEY SAID THE WORLDS RELIANCE ON THE US DOLLAR “WON’T HOLD” AND NEEDS TO BE REPLACED BY A NEW INTERNATIONAL MONETARY AND FINANCIAL SYSTEM BASED ON MORE GLOBAL CURRENCIES.
HE USED HIS SPEECH ON FRIDAY TO LAY OUT THE PROBLEMS OF AN OVER-MIGHTY DOLLAR FOR THE GLOBAL ECONOMY.
The US accounts for only 10 per cent of global trade and 15 per cent of global GDP but half of trade invoices and two-thirds of global securities issuance, the BoE governor said. As a result, “while the world economy is being reordered, the US dollar remains as important as when Bretton Woods collapsed” in 1971.
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