@johnquiggin
“Should proposals for recognition of crypto as a reserve asset for the US turn into reality, the result will be to make the $US itself useless as a reserve currency. Governments and financial institutions outside the US should be ready to dump dollars if this looks like becoming a reality. In the meantime, financial institutions should be prohibited from dealing with it [crypto] in any way, and individuals should be required to report crypto holdings and transactions.”

#BRICS #USPol #WorldBank #IMF #Renmimbi #Euro #USDollar #GlobalTrade #GlobalExchange #Economics #Crypto #BrettonWoods #NewBrettonWoods #Auspol #JohnQuiggin