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Zero Hedge

Unlike paper or a private decentralized digital currency, a CBDC leaves an electronic trail of purchases and sales within a government digital ledger...

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The traits most associated with 'Money' is Divisible - Portable - Acceptable - Scarce - Durable - Stable in Value. But to retain these values, there are some characteristics that cannot be associated with a functional long-term money.

Article Image, by Thorstein Polleit

On Friday, July 7, 2023, news broke in the financial market media that the "BRICS" (that is, Brazil, Russia, India, China, and South Africa) will implement their plan to create a new international currency for trading and financial transactions,