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64 sats \ 1 reply \ @0xbitcoiner 18 Oct \ parent \ on: Fiat Money Accelerates Its Decline econ
I don't have any inside information, but I don't really believe that. I don't see them getting along about who gets custody of the gold, quite frankly I can't see brazil, russia, india and china trusting each other. But they could come up with a totally unexpected plan and then I'll give it a go.
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11 sats \ 0 replies \ @Solomonsatoshi 18 Oct
The plan will be based on Chinas already operational CBDC DCEP and alternative to SWIFT which provides Iran and Russia and N.Korea with trade payments independent of the USD SWIFT sanctions. China is the logical now hegemony as all nations must now trade with China or suffer moderate to severe consequences. Bitcoin does not have the liquidity or acceptance to provide global trade liquidity on any substantial level- Chinas CBDC DCEP does. Yes they are all hoarding gold but that does not mean the Chinese will provide any direct gold backing to their alternative to SWIFT- they don't have to.
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