An independent system of international payments can be created based on digital currency and blockchain technologies, Russian President Vladimir Putin said on Thursday....TASS
Putin calls for creating international payment system independent of interference
Also at TASS
About 200 countries are assessed and Brazil, Saudi Arabia and the Republic of Korea are the three leadersRussia is among top ten countries in digitalization of public services — Putin
The fantasies of gold to be replace by the fantasies of electronic gold.
ReplyDeleteAnd the hoarding problem remains unaddressed.
Russia has a Weimar Republic style hang up with floating exchange rates that it really needs to get beyond.
How many more times does 'international currency' have to fail before it is abandoned as a concept? Has the Euro fixed the distribution problems in Europe?
Perhaps it'll work if they forge the coinage in the shape of little golden calves.
ReplyDelete“ Has the Euro fixed the distribution problems”
ReplyDeleteI don’t think that is why Putin would be behind it..,
They all think it's the USA abusing it's "privilege" of having a reserve currency. They never question their own export sector. They think the USA is hegemon because of having reserve currency when really its just because the USA bombed the shit out of everyone who disobeyed.
ReplyDelete