The supranational entities such as the IMF and BIS have concluded that a global economic collapse is looming in the distance. They have made that official. Their solutions however are not what would favor humanity. During the crisis, our current monetary system will become entirely vulnerable to a complete collapse, wreaking havoc on the global economy. The BIS and IMF have suggested that eliminating sovereignty and aligning under a unified currency is the solution. What do you think?
Markets: Indexes, Bonds, Forex, Key Commodities, ETFs
https://www.cnbc.com/markets/
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https://www.cnbc.com/2018/12/20/david-tepper-says-the-fed-put-is-dead-and-so-cash-is-not-so-bad-as-an-investment-now.html?__source=twitter%7Cmain
Why a New Multilateralism Now?
https://www.imf.org/en/News/Articles/2018/12/10/sp121118-why-a-new-multilateralism-now
Zhou Xiaochuan: Reform the international monetary system
https://www.bis.org/review/r090402c.pdf
Shelter from the storm
https://www.bis.org/speeches/sp181210.pdf
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https://money.cnn.com/2012/04/20/markets/imf-funding-g20/index.htm
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https://www.bloombergquint.com/global-economics/swedish-central-bank-raises-rates-for-first-time-in-seven-years#gs.Y=dWmB0
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Would that be : New wine bottle same anti-freeze?
I think it will be the course of history. There is a trend unifying small entities. We have already the World Health Organization (WHO), United Nations Educational, Scientific and Cultural Organization (UNESCO), World Trade Organization (WTO) ... Why money should be an exception?
"The desirable goal of reforming the international monetary system, therefore, is to create an international reserve currency that is disconnected from individual nations and is able to remain stable in the long run, thus removing the inherent deficiencies caused by using credit-based national currencies." (Dr.Zhou Xiaochu)