The Capital
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The Capital

IMF calls for a Bretton-Woods-style Money Renegotiation

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IMF calls for Bretton Woods-style monetary renegotiation

Just like in the Bretton Woods agreement in 1944, the International Monetary Fund (IMF) has called for a similar round of negotiations to ‘save the global economy.’ 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.

The question is: how will these CBDC’s be monetized?

According to the co-founder of BnkToTheFuture Simon Dixon, the idea is to “let private banks go bust” and issuing helicopter money directly through CBDCs which will empower central banks like never before.

Technically speaking

Bitcoin has traded within a tight range over the weekend between $11,187 and $11,579, as the crypto looks for a market signal to provide directional impetus.

Levels to watch

  • 4-hour close above $11,579 for an impulse move to $12,000.
  • 4-hour close below $11,187 informs a move to $10,900.
  • Macro-breakouts above or below $12,050 & $10,667 inform continuation to either side, respectively.

Read More: Unstoppable: the investment case for Bitcoin in 2021[UNIQID]



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Chris on Crypto

Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats.