by Lorenzo Maria Pacini, Strategic Culture:
The transformation of society also passes through certain experiments. In economic matters, something interesting is happening in the U.S. that deserves to be understood.
Bitcoins were the first experiment
To be honest, it must be admitted that when cryptocurrencies were launched more than 10 years ago, probably no one imagined that they would be a real success. Today, on the other hand, they are within everyone’s reach, are used by almost everyone and are also entering the systems of the public administration of states.
Towards a Supervised Digital Euro and the Loss of Financial Freedom
World reserve status allows for amazing latitude in terms of monetary policy. The Federal Reserve understands that there is constant demand for dollars overseas as a means to more easily import and export goods. The dollar’s petro-status also makes it essential for trading oil globally. This means that the central bank of the US has been able to create fiat currency from thin air to a far higher degree than any other central bank on the planet while avoiding the immediate effects of hyperinflation.
Just 1% of United States adults reported using crypto for payment or to send money in 2023.
