IMF and World Bank leaders, Christine Lagard and Jim Yong Kim, speak to “inclusivity” being their new multilateralism line item. They talk about how globalism has failed to benefit many parts of the world and even hint that nationalistic mindsets may have risen as a result. I am going to resist the temptation of commenting on the subtle political fibers — at their level it can be difficult to discern between a genuine problem/solution and one manufactured for the sake of an agenda.
That said, there are some individuals in the world that must use double speak because their words have enormous impact, so for those unique individuals I try to identify CRUD words that speak to supporting or opposing a trend, kicking off new trends, or change in trends or trend velocity. Did I mention trends? I would call attention to Lagard’s example of banking being the primary driver of this need for “inclusivity” (whoops on that Freudian slip; that’s “inclusivity” being the primary driver for electronic banking=). They further touch on cash being an outdated medium, and finally, a timeline of broadband being accessible to everyone globally within 5 to 10 years.
The words “crypto currency” were never spoken, but they did assert the notion that cash is outdated and creates a less than level playing field for the rest of the world, that “electronic banking” is a key solution to some important problem, and that the entire globe would have the means to accept any such a solution within 5 to 10 years.
Yet another indicator in a sea of indicators that a paradigm shift is upon us. In case you have not yet noticed, our monetary system has entered into something akin to the race to space.
Be safe and practice safe crypto.
UPDATE 7/31/2020: Australia’s cashless society agenda is moving forward as well as in the USA. In OZ, banks are restricting cash deposits, and in the USA banks are restricting cash withdrawals due to a “change shortage” from the Federal Reserve (the Federal Reserve doesn’t mint coins, the Treasury does).