Creation of a regional reserve currency would give SA a chance to lead
Distributed ledger technology backed by a basket of commodities would let Africa stand apart from the coming US-Sino war
01 July 2020 - 14:55
There is a war brewing. For the first time since 1948, there is a chance to create a modern reserve currency mechanism, and China is the clear front-runner.
Hampered by decades of decay, the EU appears too disjointed to respond in time. Germany’s constitutional court recently slammed the European Central Bank for some of its actions regarding public sector purchase programmes, essentially criticising the latest round of excessive quantitative easing (QE). Its judgment emphasises the growing rift in the eurozone, and Covid-19 is increasing pressure on unity...
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