This is really an issue, I'm still trying to place my finger on an opinion. The CBDC is great economic idea as transaction cost reduces, but the acceptability seems to be blurry, they all see it's value and are preparing to enter but haven't fully joined the idea which makes me think it's still theoretical until the move is established.
Anyways I'm sure trades are very vital to any nation and Russia is also important to other nation so eventually things will work out in their stead if they can hold on, but I think international trade with them might be secretive and I would how that will reflect on their GDP and currency valuation.
Yeah there are many layers to consider.
On the surface, yeah okay. But then when you consider the power it gives, the benefit seems to diminish. Then when we step back and look at this notion of global control, is this just an iteration to where they simply convert it all, ultimately, to one currency?
Is that the goal?
That will be crazy if it happens, how will the value of the coin by generated ?, The sentiment towards that by governments of nations might not be favourable as well.
We can presume governments will be against a lot of this. Anything that threatens their power is not viewed as good.
Indeed, it will take a lot of years for them to conform to this, the world is truly becoming a global village.
I would disagree with that. Humans arent designed to be that. We are tribal and it isnt going to change. If we were not fighting over race, religions, land, or whatever else we can think of, it would be short vs tall, ugly vs pretty, left handed vs right.
A valid argument, although we do like to bicker, doesn't actually mean we can't be a global village, we will eventually, take an actual village for example those still occur but there would be a limitation to how far it goes.