The Transformation of Bretton WOODS 2.0 and the Digital Currency Reset

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76 percent of global institutions are ready to use crypto in the next 3 years. Which means the 24% remaining will have no choice but to upgrade or fail.

Bretton woods is where the world leaders met to iron out the USD as the reserve currency. Bretton woods means a transformation of the global economy, This is not a buzz word this strong language coming from Yellen. We don’t need to completely transform we need to address some of these issues and modernize the infrastructure. One of these issues is cross border payments that digital currencies solve TODAY. In order to keep this paradigm running the global economy needs to accommodate crypto assets and treasure the efficiencies that it offers.

We hear about DLT projects from the BIS but these are just experiments while Ripplenet a network of 300+ financial institutions are up and running and solving the pain points of liquidity in illiquid corridors. 20% of this network is using ODL. As more liquidity and more participants jump on for faster, cheaper, more efficient payments the larger the network will grow.

The global economy is based on the Dollar standard. What happens when dollars drastically lose value? Nations that produce goods and natural resources will lose wealth; every economy is tied to the US economy. And the system is slow and inefficient meaning the dollars need to be held in order for trade to occur. This is a disaster in the making and the end result will be for every nation to unpeg from the US economy. trustless and efficient protocols come into play. There is no longer a need to hold on to fiat while conducting trade. Instantly convert your goods and services for the value that you want to obtain.

Bretton woods 2.0 initiate, the goal is to reimagine international finance. SO if international finance is based on holding US reserves and Bretton woods is a transformation of the global economy. What is Bretton woods 2.0?

Yellen is describing walled gardens and open systems. An open system is made possible with crypto assets. Remember the rest of the world continues to innovate and the regulators are not opposed to crypto as they are in the United States. This is because the US incumbents are stalling the progression because they are positioned to make money from the inefficiencies but they are well prepared for when this paradigm takes place.

Regulatory capture is when regulatory agencies are dominated by industries that they are in charged with regulating the same industry. Now this will only work for so long. As I said earlier every economy is pegged to the US economy and is facing food shortages and economic depression. The rest of the world is moving forward with these technologies to prevent famine. The incumbents in the US will have no choice but to move forward or be left behind.. Today it was announced CHAMBER OF COMMERCE AND INDUSTRY OF RUSSIA PROPOSED TO CONDUCT SETTLEMENTS WITH AFRICAN COUNTRIES IN CRYPTOCURRENCIES AND NATIONAL CURRENCIES

Inflation is at 8.5 percent. The fed needs to raise interest rates above 8.5% to stop inflation. If that were to happen, the government does not have enough money to pay entitlements (social security, Medicare) as well as the interest on the 30T in debt. So they have some choices, they can either raise taxes (which even if they taxed over 80% of your income it wouldn’t help, they can stop entitlements (imagine the civil unrest if the government stopped paying for social security and Medicare.) The could stop spending that is not going to happen. Or they can borrow at 8% compounding the debt further causing inflation to get worse. Other countries hold US treasuries, if they sold their treasuries this would cause interest rates to spike by[ themselves. So there is no good solution. Now some people argue that this all supply chain related, this is false. China, Russia, increase

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