what might be/have been ping
Which comes first, a world currency or a cashless society?
Sounds like the Globalists had a 30-year plan that was going really smoothly. The Plan was really peaking with 8-years of Obama, and all it needed to finalize everything was for Hillary to win in 2016. Voila! Global currency would be basically assured.
But Trump became president in 2017 and pretty much said, “Let’s go with nationalism instead of globalism.” No wonder the globalists’ heads exploded. They were so darn close.
FIRST of all, who ever thought that communist countries would go along with it? Or dictatorships? Not much difference these days between the two.
Second, The Economist is a rag.
Third, they never saw Trump coming :)
Its a shame what happened to the Economist. They used to have their own view and their own voice. I didn’t always agree with them but they did put forth their view intelligently and they were willing to reconsider their positions if what they initially supported did not work. I used to read it religiously cover to cover every week for about 10 years starting in the early 1990s.
Then sometime around 2003 or 2004 it changed. You could clearly see a change in what the Economist supports. No longer did it have its own voice. Now its just another Yurp rag supporting all the same globalist, Gaia Worshiping Multi-Culti BS as all the rest of the European and American Leftists. It became unreadable so I quit.
.
They’ve been wishing for that for as long as I’ve been alive (74).
.
Looks like the leftist rag was wrong. Possibly because they are a bunch of stupid globalist marxists.
I’ll be happy when I read that they are in bankruptcy court.
666......
All this angst over a magazine cover?
Get an effing grip.
‘The Phoenix‘
... and what does that imply?
Rising from the ashes of a (man-caused) economic disaster.
All of this is right on schedule. It has been 80 years since the beginning of the last major crisis, and they have come every 80 years for the last few centuries at least. And Israel's history shows the pattern long before that. Read "The Fourth Turning."
IMF is ready for a world wide finanical collapse reset and have a global currency waiting.
On your Mark
Get ready
Go
https://www.imf.org/en/Publications/WP/Issues/2017/03/27/The-Macroeconomics-of-De-Cashing-44768
IMF WORKING PAPERS
The Macroeconomics of De-Cashing
Author/Editor:
Alexei P Kireyev
Publication Date:
March 27, 2017
Electronic Access:
Free Full Text. Use the free Adobe Acrobat Reader to view this PDF
Summary:
The paper presents a simple framework for the analysis of the macroeconomic implications of de-cashing. Defined as replacing paper currency with convertible deposits, de-cashing would affect all key macroeconomic sectors. The overall macreconomic impact of de-cashing would depend on the balance of growth-enhancing and growth-constraining factors. Starting from a traditional saving-investment balance, the paper develops a four-sector macroeconomic framework. It is purely illustrative and is designed to provide a roadmap for a systematic evaluation of de-cashing. The framework is disaggregated into the real, fiscal, monetary, and external sectors and potential implications of de-cashing are then identified in each sector. Finally, the paper draws a balance on possible positive and negative macroeconomic implications of de-cashing, and proposes policies capable of augmenting its economic and social benefits, while reducing potential costs.
Series:
Working Paper No. 17/71