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IMF, World Bank, G7 Countries to Create Central Bank Digital Currency Rules – CoinDesk
People ‘en mass’ don’t know what’s coming to world of money in January 2021.
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International financial authorities and 20 of the world’s largest economies are establishing official standards for regulating and issuing sovereign digital currencies.
The Group of Twenty (G20) – an organization of finance ministers and central bank governors representing the European Union and 19 countries across every continent – said in a report Tuesday it is working with the International Monetary Fund (IMF), the World Bank and the Bank for International Settlements (BIS) to formalize the use of central bank digital currencies (CBDC) in banking systems.
According to the report, by the end of 2022 the G20 members, the IMF, the World Bank and the BIS will have completed regulatory stablecoin frameworks and research and selection of CBDC designs, technologies and experiments.
The US dollar has been on a drastic decline since 1971 when US Fed declared severance of the dollar backing from gold when countries of the world demanded their gold returned to their countries, but US didn’t have enough reserves.
in 2020 the dollar is worth a few cents. When digital currency becomes effective as early as 2022 or even January of 2021, world Fiat currencies ( forced on people by governments ) will plummet and people’s savings will disappear through staggering inflation. Inflation is expected to go as high as 22% in the US by the end of 2020.
Gold has kept it’s value for 5,000 years, gold is the actual real money, dollar and other fiat currencies are only promissory notes from government.
People need to secure their wealth in other than dollars; – cryptocurrency, gold and silver.
In 2020 financial security is in earning crypto daily, $check weekly (while it lasts) and gold and silver monthly. #cryptodaily #checkweekly #goldsilvermonthly
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