Bank of Russia Proceeds With Digital Ruble, Renews Push for Crypto Ban.
3 Russian banks are piloting the CBDC, while the Bank of Russia is suggesting a new, harsher bill to ban cryptocurrencies. Anna Baydakova Feb-16-2022.
https://www.coindesk.com/policy/2022/02/16/bank-of-russia-proceeds-with-digital-ruble-renews-push-for-crypto-ban/
Russia-Ukraine: Could Central Bank Digital Currencies Help Countries Bypass Sanctions?. 16 Mar 2022.
https://www.bloombergquint.com/opinion/russia-ukraine-cbdcs-could-central-bank-digital-currencies-help-countries-bypass-sanctions
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As discussed earlier, past episodes of primary sanctions have targeted individuals or countries mainly by cutting off their access to correspondent banks and SWIFT. This will clearly not work in a CBDC-based payments system that works outside these legacy financial market infrastructures.
However, with a country-specific CBDC, the sanctions might target the central bank, which acts as the correspondent bank, thereby achieving its objective. How feasible is such a step? Here, it is important to keep in mind that the current sanctions have, in fact, targeted the Russian central bank. This means that such a step is definitely possible. However, it will be difficult to implement this repeatedly as the international monetary and financial system is dependent on the cooperation of major central banks.
Next, in the case of a universal CBDC, the sanctions will have to target the multilateral institution that issues these currencies. This will be even more politically difficult than targeting individual central banks, as this would be the equivalent of starting an economic war with all the participating countries.
Next, in the case of a universal CBDC, the sanctions will have to target the multilateral institution that issues these currencies. This will be even more politically difficult than targeting individual central banks, as this would be the equivalent of starting an economic war with all the participating countries.
Secondary sanctions will also be more difficult with the CBDC-based arrangements, compared to the correspondent banking system, for similar reasons.
etc...
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Rockefeller Panel Reports and NWO
https://www.bitchute.com/video/tbUf7JE4bnDK/
https://www.bitchute.com/video/KdPhwJcAPsQ1/
US Dollar Share of Global Foreign Exchange Reserves Drops to 25-Year Low.
May 5, 2021, By Serkan Arslanalp and Chima Simpson-Bell.
https://blogs.imf.org/2021/05/05/us-dollar-share-of-global-foreign-exchange-reserves-drops-to-25-year-low/
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The share of US dollar reserves held by central banks fell to 59 percent—its lowest level in 25 years—during the fourth quarter of 2020, according to the IMF’s Currency Composition of Official Foreign Exchange Reserves (COFER) survey. Some analysts say this partly reflects the declining role of the US dollar in the global economy, in the face of competition from other currencies used by central banks for international transactions. If the shifts in central bank reserves are large enough, they can affect currency and bond markets.
Our Chart of the Week looks at the recent data release from a longer-term perspective. It shows that the share of US dollar assets in central bank reserves dropped by 12 percentage points—from 71 to 59 percent—since the euro was launched in 1999 (top panel)...
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The US Dollar's Downfall Has Begun. 17 mar 2022.
https://www.youtube.com/watch?v=9y6wfFHbCNQ
IMF Warns Sanctions Will Backfire on USD.30 mar 2022.
https://www.youtube.com/watch?v=UrGIrhCjsDI
How the U.S. Dollar Became the World's Reserve Currency
By Richard Best, Updated September 22, 2021
https://www.investopedia.com/articles/forex-currencies/092316/how-us-dollar-became-worlds-reserve-currency.asp
I am not in favor of any currency being used as a global currency reserved even if supposedly backed by gold since just like Breton Woods that might change once they have you where they want and Russia and China are under control of the same people who control the USA, the FED and the international finance. But still wanted to warn western people that as things work now days if the dollar loses more and more its position of the dollar as the global currency then your currency´s value will drop and of course will also do other currencies subdued to the dollar which can be used as a motive to sell the yuan, roubles, cripto and other alternatives of these same people as an alternative to the dollar.
So, either you do something about the FED and goverment and return the power of currency printing to the goverment and not being linked to debt or say good by to midium class in not so much time and even worse being slaves of digital money with tracking every transactions and with geolocalization in realtime and combine that with the 5G and Internet of Things and all whats coming.
