Deglobalization & Digital Currencies

The coronavirus pandemic slashed to smithereens extended global supply chains and the trend towards deglobalization will have significant impact on the dollar, inflation and digital currencies.

Patrick Tan
The Capital

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Not where you think it’s from. (Image by Ирина Александрова from Pixabay)

Tamara Smith took a long lick of her spoon, the cold, creamy goodness of the semi-sweet chocolate pint of ice cream now finished, she looked longingly at the now empty paper container of Häagen-Dazs.

Satiated, she smiled to herself and turned over to her boyfriend Tim,

“I can’t believe they flew this in all the way from France, no wonder it tastes so good.”

Tim, not bothering to look up from his newspaper replied nonchalantly,

“You know that’s made in New Jersey don’t you?”

“Wait, what? I thought Häagen-Dazs was from France.”

“Nah, it’s made in Jersey, everybody knows that. It’s just marketing.”

Tamara examined the empty carton more closely, true enough. “Made in U.S.A.” and it even had the address of the ice cream factory in New Jersey printed on the side.

Her lip upturned in mock disgust,

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Patrick Tan
The Capital

General Counsel for ChainArgos, the blockchain intelligence firm made famous for breaking the story that BUSD was unbacked by US$1.4bn