Category: global currency

UMU: A New Global Digital Currency Launched at IMF Event

April 18, 2023
Business & MarketsCentral Bank Digital Currency (CBDC)economyglobal currencyIMF - International Monetary FundInternationalPolicies & ImpactsUSWorld
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A new central bank digital currency (CBDC) was launched at a recent event held by the International Monetary Fund (IMF), with some raising concerns about a “globalist agenda” behind the currency. The universal monetary unit (UMU), created by the Digital Currency Monetary Authority (DCMA), was officially launched on April 10 at the International Monetary Fund’s…

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Is Washington Asleep at the Wheel Regarding the US Dollar?

April 17, 2023
Business & MarketsBusiness ColumnistsDollarglobal currencyOpinionUSUS NewsViewpointsWashington
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Commentary The Biden administration is quickly turning into “Don Quixote” regarding the U.S. dollar. Amid a global secular shift away from the U.S. dollar (theoretical) and U.S. political influence (actual), the sentiment out of Washington is more akin to “what, me worry?” Mainstream economists in the United States insist that the U.S. dollar is irreplaceable,…

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