-CHANGE is happening right before our eyes. What is happeningāļø
šAs Israel and Iran enter into direct conflict šAs Russia and Ukraine continue to bleed each other dry šAs tensions rise between China and Taiwan šAs the dollar loses ground as a global currency
š»Two of the most powerful figures in the global financial system, Scott Bessent (from the Treasury) and Jerome Powell (from the FED), are saying that the current system NO LONGER WORKS. š»Just as after World War II a NEW SYSTEM was imposed, it seems that after all these conflicts another will be imposed
Did you see it in the mediaāļø No. But they said it. Clearly.
š£ Bessent: āWe are going to experience a kind of great economic reordering. Something equivalent to a new Bretton Woods.ā š£ Powell: āSince the end of the gold standard in 1971, the monetary system is much more volatile and difficult to understand.ā
What are they talking aboutāļø Let's go back to the origin: What was the Bretton Woods Agreementāļø
šIt was not a traditional treaty. It was a conference in 1944 with 44 countries to rebuild the economic system after World War II. āŖļøThe goal was to avoid another Great Depression and establish clear rules for trade and finance. āŖļøThe IMF and the World Bank were created āŖļøIt was established that the dollar would be the global currency, backed by gold āŖļøThe FED became the central bank of the world āŖļøAll currencies were pegged to the dollar āļøIn 1971, Nixon broke the gold standard. The dollar became āfloating,ā without backing. Since then: infinite debt, structural inflation, and global disorder.
šAnd today, amid WARS everywhere, what seems to be a kind of Third World War
DeFi Development Corp's one billion dollar plan to acquire #Solana tokens was suspended by the SEC, but its strategy $SOL is moving forward. More details: š#sol
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Trident Digital (NASDAQ:TDTH), based in Singapore, plans to raise 500 million dollars to establish the world's first large-scale corporate reserve of #XRPUSDTšØ a.
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