More News, Rumors and Opinions Monday PM 12-23-2024
DJ: DID YOU KNOW?
As we watch for the GCR, consider what currency would have to look like for the concept behind the GCR to be effective. The perfect currency would exhibit attributes that ensure seamless functionality in the global economy, stability in valuation, universal acceptability, and public confidence.
Its design would integrate technological innovation, economic principles, and social trust to overcome the limitations of existing currencies.
The currency must be globally accepted to facilitate international trade and reduce the inefficiencies of currency conversion. A universal ledger system, such as a blockchain, could support this, enabling real-time, transparent transactions across borders.
Stability would be essential to prevent inflation or deflation from disrupting economic activities. A perfect currency should be pegged to a diversified basket of assets, including commodities, equities, and global economic indicators, to mitigate fluctuations arising from localized economic issues.
Public confidence in the currency hinges on transparency, security, and governance. A decentralized system, governed by an impartial and algorithmically controlled entity rather than a single nation or private institution, would enhance trust. Advanced cryptographic measures would secure the system against fraud and cyberattacks.
This ideal currency would have to seamlessly flow through the financial system, minimizing transaction costs and delays. Digital form, supported by distributed ledger technology, would allow instantaneous settlements and efficient tracking, reducing the need for intermediaries and clearinghouses, while allowing to transact privately for personal security, but the system must also include mechanisms to prevent illicit activities.
This can be achieved through cryptographic techniques like zero-knowledge proofs. To do this the currency would have to be programmable, allowing for smart contracts to automate trade, enforce agreements, and optimize financial processes. This would lower operational costs and streamline global trade operations.
The currency would have to be able to circulate via a digital, decentralized infrastructure maintained by a network of nodes (blockchain) distributed globally. Transactions would be validated through a consensus mechanism, such as proof-of-stake, ensuring energy efficiency and scalability. Financial institutions would serve as facilitators, providing liquidity and converting existing assets into the new currency.
Currency values would have to reflect a balance of real-time economic indicators, supply and demand, and technological advancements. For global trade, this currency would eliminate exchange rate risks and reduce transaction frictions, encouraging equitable and efficient trade among nations. While the perfect currency as described could endure for many generations, 0n going adjustments would likely still be necessary to adapt to evolving societal, technological, and economic conditions.
These proposed attributes create a solid foundation for long-term sustainability. A decentralized and programmable nature would allow it to evolve without being tied to the political or economic fluctuations of any single nation or entity.
Additionally, linking its value to a diversified basket of assets reduces the risk of systemic collapse due to localized economic crises.
For the theoretical “perfect currency,” a combination of asset-backed and fiat currency principles would likely be the optimal choice.
This ideal currency could endure for generations as a cornerstone of the global economy. But its longevity would depend on its ability to adapt through ongoing refinement and innovation. Just as biological evolution allows species to survive environmental changes, a currency must evolve in response to technological, economic, and social shifts.
With a foundation designed for adaptability. A “Hybrid” type of currency seems the logical alternative. A hybrid currency that combines asset backing for stability and fiat flexibility for adaptability would be the most suitable for the described scenario. It would provide the confidence and security of tangible value while maintaining the liquidity and responsiveness needed for dynamic global trade and modern economic demands.
So while waiting for a GCR, contemplate the above scenario. If you have been watching we see most of the mechanisms above being enacted in real time. It’s like you’ve been dating for 15 years, close but not exactly ready to get engaged.
DJ
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Courtesy of Dinar Guru: https://www.dinarguru.com/
Frank26 The word 'shock' is not being just used freely. It is specific to what is about to happen to [the] monetary reform. Once those auctions stop, many Iraqi citizens will start to ask more questions. It will shock most of the citizens that don't know what's going on. It will shock parliament. It will shock the international markets as it travels in a basket. That shock wave that will restructure global finances and the American dollar will be put back on top as the ruler of all currencies on this planet. Mark my words.
Yada ...the contractors received their exchanges, Iraq has removed all the corruption, ISIS, and now they have digital banking in the banks taking the control of the money out of the hands of the CBI. The amendment for the rate changes was done last weekend and the Iraqi people know the rate is changing AND the banks in Iraq are operating with the basket of currencies for international business as we speak.
Global Currency Crisis Begins As Brazil Panic Sells $17 Billion USD In Urgent Rescue
Sean Foo: 12-23-2024
Brazil's recent currency collapse is a reminder to the world - a stronger US dollar is bad for the world. As Trump escalates his tariff war on the world, we are dangerously moving towards a global currency crisis. Here's what you must know.
Timestamps & Chapters:
0:00 Brazil's Currency Crisis
2:49 Why The Collapse Happened
5:45 New Big Risk Coming!
8:33 US Dollar Wrecking Ball
10:16 Fuel For De-Dollarization
13:01 Asia's USD Shock