
Smart Money
How Digital Currencies Will Shape the New World Order
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Narrado por:
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Richard Burnip
Acerca de esta escucha
Bloomsbury presents Smart Money by Brunello Rosa with Casey Larsen, read by Richard Burnip.
'An excellent book' Vince Cable | 'A must read' Jo Johnson | 'A fascinating read' Bill Dudley
A timely manifesto on how digital currencies will win the New Cold War and the struggle for geopolitical supremacy in the twenty-first century.
A New Cold War is underway. Whereas the first Cold War was dominated by the threat of nuclear conflict, the new front line is economic and financial, but still dominated by technology. Who controls its future will help decide the outcome of the geopolitical struggle between China and the US.
Since the end of the Second World War, the US dollar has been the global reserve currency, which has ensured American dominance of the world economy. But no longer. More than a hundred countries are developing Central Bank Digital Currencies (CBDCs), digital equivalents to cash that will utterly transform how we do business at home and abroad.
China was the first country to recognise the potential of this new money. The West’s media focused on the new currency’s role in China’s surveillance state, creating widespread concern about all CBDCs. But they have largely overlooked a more important aspect of its existence: as a tool through which to ‘de-dollarise’ the developing world at the speed of light. When China’s President Xi Jinping officially launched the digital yuan in February 2022, he also agreed a pact of ‘limitless co-operation’ with Russia. Within days, Russia launched its war on Ukraine, secure in the knowledge it could bypass US sanctions.
Urgent, clear-eyed and groundbreaking, Smart Money shows us how CBDCs are going to impact all of our futures in ways that most of us have failed to even consider. If the West is to compete, it needs to act fast to develop its own global digital currencies that reflect the values of liberal democracies.
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At the dawn of World War I, a young academic named John Maynard Keynes hastily folded his long legs into the sidecar of his brother-in-law’s motorcycle for an odd, frantic journey that would change the course of history. Swept away from his placid home at Cambridge University by the currents of the conflict, Keynes found himself thrust into the halls of European treasuries to arrange emergency loans and packed off to America to negotiate the terms of economic combat.
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A must read for post COVID-19 crisis
- De Amazon Customer en 06-02-20