The Fed published last month a timid report assessing the risks and opportunities of developing a central bank digital currency (CBDC). The document, marked by caution and patience, insisted that it was by no means a launch announcement and that nothing would be undertaken without clear and strong government and public support.
With sharp divisions in both US governing parties, the Biden administration and the Fed will not be able to undertake or even announce anything on this issue before the end of the presidential term in 2024 without risking a new confrontation in an already deeply divided country. It will therefore be several years before an e-dollar can see the light of day, and at the rate things are going around the world in terms of monetary digitalisation, these years of delay make us anticipate that the United States is missing the boat and will have to opt for other solutions, some of which are already emerging.
The monetary paradigm shift initiated around 2014 by China as part of the dual trend of "multipolarisation + digitalisation" is now launched at full speed. The followed paths are various, [...]
This geographical timeline and ranking has been developed primarily on the basis of researches carried out by the Atlantic Council (CBDC Tracker) and Madhvi Mavadiya (published in finextra). Based on [...]
There's nothing very original to say about the French election. Nevertheless... For over a year, our references of the upcoming presidential election have allowed us to see the arrival of [...]
As Russians and Americans clash on both sides of the EU's Eastern borders, let us summarise our analysis of the strategy being carried out and the objectives being pursued. In [...]
Agriculture is bad. Cow farts and meat are not good for the climate; animals suffer; not only do farmers use too many pesticides, but they also get too much money [...]
Meta/Facebook: Complications in sight Mark Zuckerberg's life has never been more complicated. Even he is questioning his free advertising-based model and is moving towards a Netflix-like model. Officially, he is [...]