@msokiovt granted the #USD's sole value has always been it's #fungibility.
So when the #HousingBubble bursted in 2008 the USA was quick to divert attention to places like #Greece which are way healthier in terms of #economy before #austerity #politricks because >80% of all greek citizens at the time owned their home (or cohabilitated with the homeowner and thus weren't tennants!)...
And until every "#Normie" (regardless if #WageWorker or #Precariat) gets that #SystemChangeNotClimateChange isn't "revolutionary" but a necessity for the #survival of #humanity shit won't change!
#USpol #capitalism #crapitalism #fascism
The Bank for International Settlements (BIS) warns that stablecoins lack key monetary functions, citing risks of imperfect parity, money laundering, and financial instability, while urging regulatory caution amid rapid market expansion.
#YonhapInfomax #BIS #Stablecoins #FinancialStability #MoneyLaundering #Dollarization #Economics #FinancialMarkets #Banking #Securities #Bonds #StockMarket https://en.infomaxai.com/news/articleView.html?idxno=69267
BIS Report – Stablecoins Fall Short as Currencies
The Bank for International Settlements (BIS) warns that stablecoins lack key monetary functions, citing risks of imperfect parity, money laundering, and financial instability, while urging regulatory caution amid rapid market expansion.
- YouTube
Enjoy the videos and music you love, upload original content, and share it all with friends, family, and the world on YouTube.
#JavierMilei #Dollarization ’s appeal is obvious.
#Argentine factories don’t have enough USD to buy key imports, and have had to slash production and ramp up trade finance, chart @WSJecon
https://www.wsj.com/economy/global/for-argentina-dollarization-may-work-better-on-youtube-than-in-reality-34fe363d 
For Argentina, Dollarization May Work Better on YouTube Than in Reality
President-elect Javier Milei has proposed ditching the peso, but this would cause new problems without addressing old ones
"Chi stampa la propria moneta non può fallire"
Già.
A Buenos Pescaires...
---
RT @steve_hanke
#BREAKING: As foreign reserves plummet, #Argentina is now allowing the #peso to depreciate more rapidly. This is pushing up Argentina’s inflation rate, which I measure today at 38.69%/yr. The only way to save this sinking ship is official #Dollarization.
https://www.bloomberg.com/news/articles/2020-10-01/argentina-to-abandon-crawling-peg-all…
https://twitter.com/steve_hanke/status/1312148047317495808
Interview with Andres Arauz
on RadioStudent 89.3MHz
We talked about #dollarization, #digital payment system #Ecuador implemented and current political events in Ecuador, from protests against austerity to #JulianAssange
also #podcast
https://radiostudent.si/politika/apr-intervju/andres-arauz
Andres Arauz
Andres Arauz je ekonomist iz Ekvadorja, nekdanji ekvadorski minister za znanje in človeške talente, delal pa je tudi na ekvadorski Centralni banki v času administracije Rafaela Correa. Na ekvadorski Centralni banki je bil del ekipe, ki je uvedla digitalni plačilni sistem, potem, ko so v času krize leta 2000 v Ekvadorju opustili svojo valuto Sucre in jo zamenjali z dolarji, kar je večini prebivalstva zmanjšalo kupno moč. Trenutno živi v Mehiki in vodi Dolarizacijski obzervatorij.
Kevin Karhan 
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