Hi everyone,Just like clockwork, the International Monetary Fund (IMF) has revealed the dire situation world economies find themselves in due to lockdowns, announcing that a water-shed Bretton Woods-style money renegotiation is at hand.Under the Bretton Woods System, gold was the basis for the US dollar and other currencies were pegged to it until it came to an end in the 1970s, wherein the US Dollar standard effectively took over.Back then, bitcoin did not exist. How will negotiations fare now that an opt-out solution is on the table?Let\u2019s dig in.Just like in the Bretton Woods agreement in 1944, the International Monetary Fund (IMF) has called for a similar round of negotiations to \u2018save the global economy.\u2019 Back then, this history-making meeting aimed to solve the Triffin dilemma or Triffen paradox. In short, this is the conflict of economic interests that arise between short-term domestic and long-term international objectives for countries whose currencies act as global reserve currencies.Today, these macro objectives are spreading further apart as a global currency war becomes more apparent. As such, various international players, which include organisations like the IMF, are attempting to navigate these waters, invariably to get the best deal that ensures their survival (at the very least).If history is to repeat itself, then countries with the largest amount of gold reserves will have a front-seat at the negotiating table, namely the United States, China, Germany, and Russia.In the massive revelation, Managing Director Kristalina Georgieva said that governments must work together to save the world from the economic fallout caused by lockdowns, which she says could be done by issuing the right economic policies.How can we seize this new Bretton Woods moment to build forward to a better world after the pandemic? IMF Chief @KGeorgieva highlights three imperatives: implement the right economic policies, invest in people,\u2026<\/p>","protected":false},"excerpt":{"rendered":"
Hi everyone,Just like clockwork, the International Monetary Fund (IMF) has revealed the dire situation world economies find themselves in due to lockdowns, announcing that a water-shed [\u2026]<\/span><\/p>","protected":false},"author":0,"featured_media":2458,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":[],"categories":[35],"tags":[],"_links":{"self":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2457"}],"collection":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/comments?post=2457"}],"version-history":[{"count":0,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/posts\/2457\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media\/2458"}],"wp:attachment":[{"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/media?parent=2457"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/categories?post=2457"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/afluxcoin.com\/pt\/wp-json\/wp\/v2\/tags?post=2457"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}