Prepare for digital currency wars, How foreign investment could help Biden
Thursday 22 October 2020 – Vol.11 Ed.43.4
Commentary: Prepare for digital currency wars
By Philip Middleton in Llangattock
There is growing consensus among the major central banks that digital fiat money is inevitable. In view of the difficulty of achieving comprehensive global agreement on the regulation and supervision of existing financial services activities, just like a synthetic hegemonic currency, the emergence of a single global digital currency authority is probably some way off. In the meantime, expect outbreaks of hostilities as major monetary issuers vie for pre-eminence in the forthcoming digital currency wars.
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Commentary: Dispatch from the deep red south
By John Kornblum in Nashville
Nashville, where the final presidential debate takes place today, is the capital of a deeply ‘red’ state. But around my neighbourhood, there are only signs supporting former Vice-President Joe Biden. Most of the states in the deep south are conservative and pro-Trump. Foreign investment could end up helping Biden. Nashville has become the centre of Japanese investment in the US, and Volkswagen has a large factory in Chatanooga. My ‘blue’ neighborhood has been replicated throughout the south.
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