Digital fiat currencies will unfold subsequent 12 months whereas the U.S. greenback can be shedding its standing of worldwide reserve forex, in keeping with Russia’s former head of state. In a string of tweets, Dmitry Medvedev gave his two cents on what the long run holds for the world, a “humble contribution,” as he put it, to the “wildest predictions” forward of New 12 months’s Eve.

Medvedev Sees World Financial institution Crashing, Musk within the White Home and Costly Oil

The Bretton Woods financial system will collapse subsequent 12 months inflicting the Worldwide Financial Fund and the World Financial institution to crash, in keeping with the person who was on the helm of Russia for 4 years between two of Vladimir Putin’s presidential phrases.

“Euro and greenback will cease circulating as the worldwide reserve currencies. Digital fiat currencies can be actively used as a substitute” whereas “all the biggest inventory markets and monetary exercise will depart the U.S. and Europe and transfer to Asia,” Dmitry Medvedev acknowledged on social media.

Via a sequence of posts in a humorous tone this week, he gave his ideas on what might occur in 2023. “On the New 12 months’s Eve, everyone’s into making predictions. Many provide you with futuristic hypotheses, as if competing to single out the wildest, and even probably the most absurd ones. Right here’s our humble contribution,” the chief of the ruling United Russia get together tweeted on Monday.

Medvedev went on to forecast that oil costs will attain $150 a barrel and pure fuel will prime $5,000. He additionally expects the EU to break down after the UK rejoins the bloc, and the euro to fall out of use. In a divided Europe, France and Germany will conflict whereas Hungary and Poland will occupy elements of Western Ukraine, he added.

The Russian authorities official, now serving as Deputy Chairman of the nation’s Safety Council, sees California as an impartial state and Texas leaving the U.S. to kind an alliance with Mexico. “Elon Musk’ll win the presidential election in various states which, after the brand new Civil Warfare’s finish, may have been given to the GOP,” he wrote.

Dmitry Medvedev, who was additionally Russia’s prime minister between 2012 and 2020, and is considered a extra liberal politician than Putin, has been fairly energetic on social media since Moscow attacked Ukraine in late February. The army invasion was met with waves of Western sanctions. Days after the warfare began, he posted that Russia might “nationalize” overseas belongings in response to the penalties.

All through the outgoing 12 months, Russian authorities have been working to develop the authorized framework for digital belongings and regulate cryptocurrencies, specifically their use for cross-border settlements amid monetary restrictions. Whereas the Financial institution of Russia, which is growing its personal digital ruble, proposed a blanket ban on crypto transactions within the nation, Medvedev informed Russian media in January {that a} prohibition might have the alternative impact.

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Lubomir Tassev

Lubomir Tassev is a journalist from tech-savvy Jap Europe who likes Hitchens’s quote: “Being a author is what I’m, fairly than what I do.” Apart from crypto, blockchain and fintech, worldwide politics and economics are two different sources of inspiration.

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