2026 will likely be the year when we will start to see serious flaws, with the pure fiat global monetary system exposed. The root cause is the need for accommodating central bank policies in the face ...
Over history, the world has adopted the currency of the leading country for global payments. The USD is, arguably, the first global currency untethered from precious metals. Despite external ...
MINNEAPOLIS, Minn. – The massive and sprawling $1 billion welfare-fraud schemes engulfing Minnesota are now casting fresh scrutiny on an old, opaque money-transfer network used by Somali Americans to ...
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What Is Fiat Money?
Fiat money is a currency issued by a government that is backed by the authority and power of that government and its economy rather than a physical commodity. Historically, governments would mint ...
Why are central banks looking at blockchains? Central banks are tiptoeing into the world of blockchain not because it is fashionable but because every part of the money-making machine, from settlement ...
Sanford Mann offers insights into gold and silver investments and the precious metals industry and is the CEO of American Hartford Gold. In an era where the U.S. national debt has surpassed a ...
Bank for International Settlements (BIS) Unveils New Vision for Global Monetary and Financial System
The Bank for International Settlements (BIS) unveiled a new vision for the future of the global monetary and financial system, centered on a tokenized unified ledger. This innovative framework aims to ...
In an interview with Kitco News this week, Zang said, “When President Trump signed the Genius Act, he changed the global monetary system,” adding that she has no doubt that stable coins will usher in ...
It would safeguard monetary stability, fend off private payment monopolies, and stand as a potent symbol of European unity The digital euro project has a simple motivation: to ensure that people in a ...
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