GEAB Special issue July

At the risk of repeating ourselves, but in order to fight against the absolute blindness of the media system with regard to the digital revolution – albeit programmed – of all the fundamentals of the economy and world finance, here is a small summary of where the international monetary system is heading by 2025-2030. Following this, we will outline the probable route that will take us there. Finally we will list some practical investment recommendations.

A probable structure for the next global monetary system

Aircraft carrier: a global monetary infrastructure. As a matter of fact in 2025, we don’t think it will be the Facebook infrastructure, Libra, that will dominate: the BIS (Bank for International Settlements) is also tackling the problem head on (at last); the appointment of Benoît Coeuré as head of the innovation department marks a strong mobilisation of this institution. The bank is already deploying ‘innovation hubs’ in Toronto, Stockholm, Paris/Frankfurt and London, in cooperation with the central banks. These hubs are intended to coordinate the digitalisation work of the various central banks. [1] The BIS is the most relevant institution to take this project forward and Libra will act as the spur that finally gets the mastodon moving. But once launched, the latter system will have all the legitimacy.