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A tale of Facebook’s Libra, missing gold and a U.S. government default

If Facebook manages to pull off the Libra project, it will become a global functional currency. What does that mean for the world’s existing currencies? In this article I take a closer look at the U.S. dollar in particular, and one (likely) scenario under which the U.S. defaults on its debt.

One gold rate to rule them all



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Myles Milston

Founder & CEO of Globacap, we automate and drive efficiency in the world’s private capital markets.