We know what’s coming and we are prepared.
DE-DOLLARIZATION BOMBSHELL:
The Coming of BRICS+ Decentralized Monetary Ecosystem - Unit
Get ready for what may well be the geoeconomic bombshell of 2024: the coming of a decentralized monetary ecosystem.
Welcome to The Unit – a concept that has already been discussed by the financial services and investments working group set up by the BRICS+ Business Council and has a serious shot at becoming official BRICS+ policy as early as in 2025.
According to Alexey Subbotin, founder of Arkhangelsk Capital Management and one of the Unit's conceptualizers, this is a new problem-solving system that addresses the key geoeconomic issue of these troubled times: a global crisis of trust.
Most people around the world are tired of the old way money is controlled, which was set up 80 years ago at Bretton Woods.
They see lots of problems with it, like countries spending too much on their military, risky investments, unfair trade penalties, misuse of payment systems, favoritism towards local businesses, and unfair dispute resolutions.
But there's a new idea called the "Unit" that offers a better way to handle money across borders.
It's fast, reliable, and saves money. The Unit works differently because it is not controlled by any one country, and each country can decide how to use and regulate it.
The Unit is a special solution for problems in global money systems. It can be used like regular bank money or the newest digital money.
It can also fix unfair prices in trading things like oil or wheat. It does this by creating a fair trading place called the Eurasian Mercantile Exchange. Here, people can trade and pay using the Unit, making trade and investing easier.
The Unit is strong because it doesn't rely on other countries' money. It gives most people around the world a new kind of money that is not controlled by politics.
It's based on gold and some important currencies, but it's not like cryptocurrencies or stablecoins. It's a new idea altogether.
You can read the full article here: https://sputnikglobe.com/20240513/de-dollarization-bombshell-the-coming-of-brics-decentralized-monetary-ecosystem-1118409748.html
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