The US, on the other hand, is to officially launch the initial stage of a potential ‘digital dollar’. Imagine the centralized power of the dollar’s global hegemony AND the power to switch access to it and off instantly, as happened with Russia’s ‘analogue’ FX reserves. And imagine how many people won’t want to be a part of that geopolitical system. (Or of a Chinese or Russian equivalent when they are rolled out.)

“Indeed, look at the massive market volatility this week and imagine a Fed blindly pressing ahead with 6 or 7 hikes this year on top of it! And if you want a near-term example, wait to see what the ECB say today about the risks of a major war on their doorstep, a fiscal revolution towards EU rearmament, and a rapid decoupling from Russian energy and commodities. Or wait for the US CPI report, where the February m/m figure is seen at 0.8% and the y/y at 7.9%, and 6.4% even excluding food and energy. Bloomberg economics are now flagging risks of double-digit US inflation ahead if the stars align wrongly.”

https://www.zerohedge.com/markets/rabobank-imagine-how-many-people-wont-want-be-part-digital-dollar-system-now