Gold Standard imminent
Gesara.news » News » Gold Standard imminentNews Date: September 2, 2020
The current fiat international monetary system is ending - unconventional monetary policy has entered a dead end street and can't reverse.
Research reveals that European central banks have prepared a new international gold standard. Since the 1970s, policies that paved the way for an equitable and durable monetary system have gradually been implemented.
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Smart investors should already be pouring money back into silver and gold before global monetary system collapse.
But now, experts like Peter Schiff, chief executive officer of Euro Pacific Capital, are betting on gold to topple the dollarâs long reign and establish itself as the new de facto reserve currency.
The team built the system using Hyperledger Fabric, a popular DLT platform, because it generally met the team's design requirements of a closed network, mature technology, and enterprise readiness. The experiment highlighted the potential of DLT for certain payment uses, the quick speed with which a system could be implemented, the potential simplicity of smart contracts, and the range of functionality offered by such platforms. It further highlighted the need for more experimentation to better understand the possibilities for wide-scale adoption and use of any DLT platform for payments.
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