Yes, International Monetary Policy is fascinating. I do wonder if block chain technology will be a real threat to Central Banks around the world...or will it simply transfer more direct power to large corps. like Microsoft, JP Morgan etc. and essentially result in a different Central Bank.
Financial systems will undoubtedly be affected. Cryptocurrencies are not actually being used as "currencies" to any large degree. But dollars and juan and euros and yen etc. are obviously flowing into Bitcoin and Ether, etc. as speculation that they ultimately will gain acceptance as currency.
I wonder if the massive derivatives contracts that manipulate the price of gold and silver will diminish as Crypto's make headway with the mainstream. I like Exk not only because silver prices could skyrocket if worldwide inflation hits one or more of the major currencies, but also because silver is used in so many products. For this reason, bankers and governments will continue to attempt to stabilize <hold down> prices but they can't let the miners go out of business. IMO
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