I found it interesting that it looks like they are going to go ahead with "expanding the use" of special drawing rights (SDR), whatever "expanding its use" actually means. They're adding China's currency to the SDR basket in what, a month or two, which will most likely help stabilize things given China's influence in the world economy now - as long as China plays nice, of course.
Additionally, banks in the United States (from the Federal Reserve all the way down to the local banks) will be running on Basel Level III regulations soon (from the BIS) so clearly they are being managed. How well are they being managed? Well, that's left to be determined by history.
The BIS has told central banks to shape up for years now, but they have not complied. They seem to be on the road to complying now given that one by one they are becoming insolvent.
It also helps that there are decentralized currencies popping up all over the place, like Bitcoin and Steem that are based upon transparency due to the definition and nature of what a blockchain is.
That's what the World Bank, the IMF and BIS do.
I found it interesting that it looks like they are going to go ahead with "expanding the use" of special drawing rights (SDR), whatever "expanding its use" actually means. They're adding China's currency to the SDR basket in what, a month or two, which will most likely help stabilize things given China's influence in the world economy now - as long as China plays nice, of course.
Additionally, banks in the United States (from the Federal Reserve all the way down to the local banks) will be running on Basel Level III regulations soon (from the BIS) so clearly they are being managed. How well are they being managed? Well, that's left to be determined by history.
The BIS has told central banks to shape up for years now, but they have not complied. They seem to be on the road to complying now given that one by one they are becoming insolvent.
It also helps that there are decentralized currencies popping up all over the place, like Bitcoin and Steem that are based upon transparency due to the definition and nature of what a blockchain is.