World News Trust Editorial Team
Dec. 22, 2021
Imagine a new product of streaming content in which two ultra-powerful entities battle to control an up-and-coming new power source. But… the new source has some ideas of its own about control and dominance. Let’s introduce the cast:
The United States monetary system is based on money creation through debt. The dollar is often described as a "fiat" currency, especially since President Nixon took the U.S. off the “Gold Standard” in 1971. Prior to that, the 1944 Bretton Woods Agreement allowed for the convertibility of U.S. dollars into gold. Along comes crypto in 2008 or 2009… or whatever year you believe it started. Cryptocurrency is almost entirely unregulated. Therefore, Central Banks and the BIS (not to mention the World Bank and the International Monetary Fund) are trying to figure out how to enter and control the crypto sphere.
Editor responsible for this story:
Mickey Z.
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