🔥RED ALERT🔥IT's Triffin DOOM and WHAT YOU NEED TO KNOW!

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The global monetary system is broken and something has to end for something to begin. From destruction comes creation.

Kristalina states that maybe they didn’t entirely think through inflating the money supply. Too much money and too few goods. They are reactionary and can only deal with one crisis at a time. We have a myriad of emergencies which paints the central banks into a corner. Inflationary pressures with a weakened economy. Inflate or deflate? Both options are bad will have a bad outcome.

We live in a globalized economy. Every nation is dependent on each other in order to produce goods and services. With technology this trend has continued and is beneficial to everyone. The issue we do not have a level playing field. Larger countries have advantages in this system. A digital world of national walled gardens connected with public chains where trust can be assured and a level of transparent will insure a level playing field. No more accusations of currency manipulation,

Robert Triffin in 1960 wrote a paper called the Triffin Dilemma, He points out that having a world reserve currency is unsustainable. The US will be in perpetual trade deficits and will not be able to service domestic policy because global policy will contradict. Meaning the US dollar will inflate away but the fed can not raise rates because it will crush the global economy due to every country’s dependence on dollars. This is what we are seeing today. As the fed raises interest rates smaller nations are crippled.

John Maynard Keynes was an economist and Every central banker today is a Keynesian economist that subscribes to his economic theory. the Keynes plan discussed the idea of a bancor. This is a jurisdictional asset that is free from a country’s monetary policy. The Bancor replaces the dollar as the reserve currency and is able to inflate and deflate without crippling the issuing nations economy. We are a living in a world of distrust and decentralization is a technology that eliminates the need for trust. Todays system heavily relies on trust and this is where the problems come into play, with trustless systems no one country is responsible for global monetary policy all nations de peg from each other. The US can’t print money for good and China can no longer devalue its currency for an edge with trade. Not to mention all trade becomes efficient with the internet of value no more waiting weeks for money to settle no more high fees.

UAE government is adopting crypto and is using it as a payment gateway. Ripple has made a lot of traction in the MENA region. Dr. Zayed Al Hemairy, thinks when the time right the US will jump on board to this digital paradigm.

How are they going to fix the roof? CPI is at 8.5% the fed fighting inflation means it crushes the global economy. At the same time there is a restructuring of the global economy.
When this comes to a conclusion we have more distrust, more fragmentation. In this environment how does the world move forward? Trustless protocols will bridge international trade. National walled gardens bridged by the internet of value.

#btc #xrp #ripple