Poor monetary and fiscal choices have led us here….
Cryptocurrencies are by and large seen as the far superior option to fiat money systems, and in my opinion is an absolute necessity if we aim to lessen the power of the state.
According to recent reports, banking giant Credit Suisse believes that we are witnessing the birth of a completely new monetary order.
Let’s take a look at these claims:
Biden’s crypto agenda seems to back the bold claim of Zoltan Pozsar, global head of short-term interest rate strategy at the giant investment bank Credit Suisse that “we are witnessing the birth of Bretton Woods III – a new world (monetary) order.”
— Buck Parish (@flatbush711) March 11, 2022
'Money will never be the same again after the Ukraine war' writes @zoltanpozsar at @coindesk. And @Bitcoin may be a beneficiary, giving rise to a new world monetary order. #cryptocurrency #crypto #bitcoin #btc https://t.co/DaYUwRK2KX
— Zenotta AG (@zenotta_ag) March 9, 2022
According to ProCoin News one Credit Suisse strategist believes:
The strategist says that what we are seeing now is higher rates of inflation and a commodity crisis that would ultimately weaken the dollar.
Pozsar breaks down the different monetary eras into Bretton Woods I, Bretton Woods, and Bretton Woods III.
The initial Bretton Woods era was essentially backed by gold until the start of the Bretton Woods II era where it was backed by paper fiat dollars.
➡️LEAKED: Yellen on Biden's #Crypto Executive Order!
— Crypto News Alerts 🔥🎙 (@CryptoNewsYes) March 9, 2022
Forbes continues with the strategist’s words:
“When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities,” Pozsar wrote.
“After this war is over, ‘money’ will never be the same again…and bitcoin (if it still exists then) will probably benefit from all this.”