IMF Intensifies Call for Cashless Society, Replacing the Dollar with Central Bank Digital Currencies
(bigleaguepolitics.com)
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We definitely need to be able to use cash. If it falls in the wrong hands what do they care about crimes if they are in control.
Cash isn't going anywhere, and any area/country that tries to remove it will see an explosion of of-books barter culture that is way outside of their ability to control......which will quickly make them reconsider their 'cash-less' society...
Physical currency AND digital currency(paying with a card is digital transfer of currency and it isn't practical to have that go away) but none of it fiat, ALL of it tied to real physical assets of real value(gold/metal, oil/gas etc)...
I have been reading where banks are buying gold and silver lately. So no doubt we are going back to a gold standard.
It definitely needs to be backed up.
That's Basel 3, ISO 20022 is how trading and transfer of gold/assets, and currency both physical and digital is handled, among other things it creates a chain of custody that makes money laundering a non-starter(hence the DS reeing....)
Thank you for sharing this.