A New World Monetary Order Is Coming
By Stefan Gleason
Posted November 23, 2020
The global coronavirus pandemic has accelerated several troubling trends already in force. Among them are exponential debt growth, rising dependency on government, and scaled-up central bank interventions into markets and the economy.
Central bankers now appear poised to embark on their biggest power play ever.
Federal Reserve Chairman Jerome Powell, in coordination with the European Central Bank and International Monetary Fund (IMF), is preparing to roll out central bank digital currencies.
The next frontier of the Fed’s unlimited mandate could be “FedCoin” – a central bank digital currency. More…