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An excellent crash course on ChatGPT:
No question countries are shying away from the dollar. On top of the U.S. weaponizing the dollar, causing many countries to think twice about holding dollars for their foreign reserves, the U.S. is no longer the biggest trading partner for many of these countries. Another challenge is the BRICS countries proposal of setting up a new currency and the U.S. is way behind on setting up its central bank digital currency (CBDC).
With the continuous U.S. deficit spending, printing more and more dollars with nothing to back them up, not to mention the U.S. attempt to isolate China, causing huge supply chain problems, inflation is guaranteed. The recent Saudi's announcement that they would consider accepting another currency for oil and their intention to join BRICS was another impetus toward the fall of the dollar.
The U.S. government knows all these. The only way out is to use its military might to intimidate other countries and to persuade allies to help out. While many Anglo European countries are doing just that, often at their own peril, Germany's total silence on the Nord Stream Pipelines sabotage is a good example, other allies such as Japan and India are not totally on board. Japan has shrunk its dollar holdings and India has increased buying oil from Russia. The Philippines, while allowing the U.S. to rotate soldiers on four military bases, is joining the Chinese led Regional Comprehensive Economic Partnership (RCEP).
I would not say the fall is imminent though. But there's no question the U S. global influence is shrinking.
markets.businessinsider.com/news/currencies/chatgpt-opena...
ChatGPT predicts US dollar dominance will give way to a multipolar currency system as China's yuan gains influence
▫️ Insider asked OpenAI's ChatGPT to weigh in on whether the US dollar or China's yuan would be the world's dominant currency in the future.
▫️ The chatbot asserted that a "multipolar" system was likely, instead of a system dominated by one or two currencies.
▫️ ChatGPT also noted the rise of both the euro and yuan in international trade.
The US dollar has been the premier currency for international trade and global foreign-exchange reserves, but a broader set of currencies could play leading roles in the future.
That's according to ChatGPT, the popular artificial intelligence chatbot created by OpenAI. In response to a question on whether the US dollar or the Chinese yuan would be dominant in the future, ChatGPT declined to choose between the two.
Both currencies have their pros and cons, and it's possible that neither will at the top in the future, it said, pointing to a more diverse set of currencies.
"The US dollar has been the dominant international currency for much of the past century, and it remains widely used and accepted as a store of value, a medium of exchange, and a unit of account," ChatGPT said. "Its widespread use, particularly in international trade, gives the US dollar significant influence on the world stage. However, in recent years, there have been efforts to reduce the dollar's dominance and increase the use of other currencies, such as the euro and the yuan, in international transactions."
As for the yuan, China has been gradually increasing its role in the global economy in recent years, becoming more widely used in international trade and investment, it added.
Beijing has also sought to internationalize the yuan, also known as the renminbi, and make it a more attractive alternative to the US dollar.
"In conclusion, predicting which currency will be dominant in the future is uncertain, but it is likely that the world will see a shift towards a more multipolar currency system, in which several currencies play a significant role, rather than one dominant currency," ChatGPT predicted.
The response is notable in that ChatGPT's knowledge base only extends to the end of 2021, meaning that last year's moves away from the US dollar didn't factor into its prediction.
In 2022, the US and its Western allies froze Russia's foreign exchange reserves and kicked it out of the SWIFT financial system in response to Moscow's war on Ukraine.
Since then, attempts to erode the dollar's dominance have emerged, including Russia and China opening talks last year to develop a new reserve currency with other BRICS countries as well as an effort by Russia and Iran to create a cryptocurrency backed by gold.
China is also pressing Middle East countries to make oil deals in the yuan instead of the dollar, and analysts have said the rise of a so-called petroyuan will gain momentum. And Bloomberg reported over the past week that large Indian refiners are shifting away from the US dollar in order to purchase Russian crude.
Meanwhile, ChatGPT's currency prediction contrasts with that of "Dr. Doom" economist Nouriel Roubini, who wrote in the Financial Times recently that a bipolar currency system will emerge dominated by the dollar and the yuan.
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Foto: Roque de Sá/Agência Senado
Shieldbugs found in the Carlisle area of Cumbria, August to December 2014: Survey Data.
In Section 3 of the text associated with the shieldbug photo-montages, I suggested that the reason I managed to find so many shieldbug species late in the season may have been due to the simple fact that I kept on looking for them when more experienced recorders would have given up for the year. That my bug-hunting activities were continued with undiminished enthusiasm till the end of the monitoring period (8 December) can be seen from the above chart: This shows the total amount of time spent, the number of different sites visited, and the number of different species found during each week of the survey. In fact the 9.25 hours spent over the final week is the median value for the 14 weeks, and only slightly less than the mean value.
It's interesting to note that eight of the nine species recorded over the period of the survey were found during the second week alone - the exception being the Blue Shieldbug which was only found once, during week 14. As previously noted, till I started on this project my shieldbug tally for the preceding FIVE YEARS was just five species!
The fact that three species - the Green, Blue and Gorse Shieldbug - were found during the last week of the survey raises the question of why didn't I continue beyond 8 December? In fact I did! The first two species were found in a small plantation of oak trees in Kingmoor Sidings, and this area was searched on three further occasions without any luck. The Gorse shieldbug was one of four found in Finglandrigg Wood during an extensive 2-hour search on 8 December, and although I'm pretty sure I'd have been able to find the odd one even later in the month, there seemed little point when this species is so abundant here.
NOTES ON CHART
There are a number of minor points relating to the chart data which are unlikely to be of interest to anyone else, but I feel obliged to record anyway:
1. For convenience the starting point was taken as 2/09/14 as opposed to 30/08/14, and so the first week was from 2/09/14 - 8/09/14 with the final week being from 2/12/14 - 8/12/14.
2. The sites visited only include those specified in Section 2 of the text associated with the photo-montages.
3. The data used in the chart were derived directly from my wildlife diary and so were not subject to the sifting process involved in the derivation of the enveloping records sent to the CBDC. So the site and species numbers may not be fully consistent with the CBDC data (this is of no consequence in context).
4. The estimate of the time spent each week on the survey is the best I could do, but should only be considered as indicative. For example if several sites were visited in a single day, in general only the time of arrival at the first destination and the time of departure from the final destination would have been noted, and I've not bothered to account for the time taken in transit between sites; additionally only a rough correction was (or, in fact, could be) made for time spent at any "non-shieldbug" sites during such days.
The former Australian federal government (Liberal National Party aka the Australian Trump Republican Party) in power during the Covid lockdown years of 2020/21 tried to implement a 'cash ban law' banning cash transactions by individuals and businessed over $10000.
There are moves being made to re-start a process to introduce such a law under the new federal government elected in May 2022.
How would you feel if you were told that you could not use cash to buy say a used car or pay for some expensive renovations on your house, or pay very expensive medical bills?
CEO Brad Garlinghouse'ın işletmenin Aralık 2019'dan itibaren Ripple'ın C serisi hisselerinin geri alımını gerçekleştirdiğini ve değerlemesini 15 milyar dolara çıkardığını duyururken Amerikalı blockchain şirketi Ripple'ın XRP tokeni piyasa ile birlikte hareket ediyor.
Coingecko verilerine göre saatler 13:33'ü gösterirken XRP fiyatı %3.8 artışla 0.63 dolardan işlem görüyor ve coinin piyasa değeri dünden bu yana %2.43 artışla 30.11 milyar dolara ulaştı.
Şirketin bu yıl için planları hakkında yorum yapan Garlinghouse, "lügatlarında yavaşlamak diye bir şey olmadığını" söyledi. Garlinghouse sözlerine şöyle devam etti:
"2021'deki zorluklara rağmen bu en iyi yılımızdı ve Ripple'ın finansal durumu şimdiye kadar hiç bu kadar iyi olmamıştı."
Şirketin CEO'su, geliştiricilerin ve girişimcilerin XRP ledger aracılığıyla ödemeleri uygulamalarına entegre etmelerine imkan tanıyan bir platform olan RippleX'in non-fungible tokenler (NFT), merkez bankası dijital para birimleri (CBDC'ler), birlikte çalışabilirlik köprüleri, yan zincirler ve kapsanan diğer birçok ürünle "tam gaz ilerlediğini" söyledi.
CBDC ile ilgili planların bir parçası olarak Bhutan Kraliyet Para Otoritesi (RMA) geçen eylül ayında dijital para birimini yönetmesine yardımcı olması Ripple'ı görevlendirdi.
Bu arada Ripple böylesine olumlu bir yaklaşım gösterse de şirketin ABD Menkul Kıymetler ve Borsa Komisyonu (SEC) ile sorunları, Ripple'ın büyüme planlarına gölge düşürebilir.
the ugly side of working for The Iconic
PETA - People Eating Tasty Animals
MEAT - Making Every Activist Triggered
Metidiocerus rutilans leafhopper (female) in the Kingmoor sidings Nature Reserve, Carlisle, 6 December 20.
I really wasn't expecting to find anything here today, especially as it was cold and not particularly sunny. So I was delighted when I found what I thought was a new leafhopper on what remains of a recently vandalised fence surrounding a small seasonal pond in a wooded area of the reserve (see later photo).
However, when I got home and looked through my Flickr page I realised that it was probably the same species I'd photographed a few miles away in Kingmoor South on 7 December 18, almost exactly two years ago! As I hadn't managed to identify this earlier sighting I didn't hold out much hope of coming up with a definitive ID. However, despite the poor light I managed to get some much better shots using my DCR-150 macro adapter, and by resting my camera on the fence for stability I even managed to get a usable facial shot at higher magnification (Photo 3).
Thankfully identification then turned out to be straightforward, and the sighting was verified by iRecord the following day:
www.britishbugs.org.uk/homoptera/Cicadellidae/Idiocerus_r...
As noted on the British Bugs website, this species is mainly found in southern Britain, and there are only a handful of records currently shown on NBN Atlas and iRecord for the northern half of the country. It's also believed to be the first record for VC70 (Cumberland) and the second for Cumbria (Cumberland and Westmorland).
Note added 18/12/20: Last sentence added following feedback from CBDC.
CriptomonedasHace 28 minutos (13.07.2020 14:05)
El G20 sienta las bases reglamentarias para aceptar pagos digitales
Los pagos en monedas digitales pueden convertirse en una realidad para los miembros del G20 antes de la próxima cumbre en Arabia Saudita.
El CEO de Coinbase defiende la concesión de licencias de su plataforma de análisis a las agencias gubernamentalesComo informó Kyodo News el 11 de julio, los funcionarios revelaron que la cumbre del G20 que compromete a los representantes de 19 países y la Unión Europea estará sentando las bases para aceptar los pagos digitales. Se espera que los cambios comiencen en octubre, presumiblemente en las reuniones de los ministros y diputados de finanzas del G20 en Washington DC y antes de la próxima cumbre en Riad en noviembre.Según el medio de comunicación japonés, los funcionarios del G20 promulgaron el cambio de política en respuesta a los progresos de China en la creación de un yuan digital, y a la publicación anticipada de Libra por Facebook (NASDAQ:). Cointelegraph informó en junio que el Consejo Nacional de Seguridad Social del Banco Popular de China anunció la finalización del desarrollo de la arquitectura del backend para la moneda digital del banco central del país (CBDC).
Lea el artículo completo en Cointelegraph
Aviso legal: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. mercadodigital24.com/sienta/el-g20-sienta-las-bases-regla...
www.youtube.com/watch?v=a56RPZ_cbdc
Answer the following questions for TWO of the six video artworks linked to this group.
1. Consider the traditional Elements (line, shape, colour, value, space, form, texture) and Principles (unity, emphasis, balance, rhythm, movement) of Design. Which ONE Element and which ONE Principle play the most dramatic role in this artwork? Explain where you see them (use a time code if it is from a single section).
2. The Elements and Principles are getting old. Do they still apply to more recent media like video art? Create a new Element or Principle that describes a key aspect of this artwork. Explain where it is present in this artwork.
3. Using only the evidence that you can extract from your analysis of this video (no outside research), construct an interpretation of this video. What do you think is the message of this artwork?
El Banco de la Reserva Federal de Boston se asoció con el Instituto de Tecnología de Massachusetts para comprender mejor el concepto de las monedas digitales.El banco trabajará con los investigadores del MIT en un proyecto a largo plazo para desarrollar y probar los casos de uso de una "hipotética" moneda digital del banco central (CBDC), dijo la Gobernadora de la Reserva Federal Lael Brainard durante su discurso en el Banco de la Reserva Federal de San Francisco.Dijo que las monedas digitales traen consigo tanto oportunidades como amenazas relacionadas con la privacidad, la actividad ilícita y la estabilidad financiera, y que la FED debe comprender claramente ambos aspectos a medida que avanza hacia la creación de una CBDC.Se espera que la investigación con el MIT ayude al banco a adquirir experiencia práctica y comprensión de estos aspectos.Brainard expresó su preocupación por las criptomonedas como Bitcoin, las stablecoins como Libra de Facebook, y la CBDC de China que está creciendo en popularidad en todo el mundo. Éstas plantean preguntas "sobre las salvaguardias legales y reglamentarias, la estabilidad financiera y el papel de la moneda en la sociedad", subrayó.Así pues, era importante que Estados Unidos estuviera a la altura de las circunstancias y desarrollara un dólar digital si quería mantener a raya las amenazas que representaban otras monedas, señaló.En www.genteemprendedoradigital.com/el-banco-de-la-reserva-f...
Comissão de Ciência, Tecnologia, Inovação, Comunicação e Informática (CCT) realiza audiência pública interativa para discutir a criação e a implantação da moeda digital brasileira, o Real Digital.
Presidente da CCT, senador Rodrigo Cunha (PSDB-AL), conduz audiência.
Em pronunciamento via videoconferência, professora do Programa de Tecnologias Inteligentes e Design Digital da Pontifícia Universidade Católica de São Paulo, Dora Kaufman.
Foto: Roque de Sá/Agência Senado
Dicyphus epilobii plant bug near the Kingstown Wildlife Pond, Carlisle, 25 July 18.
I certainly can't recall seeing one of these before, and it's quite distinctive with its first antennal segment being bright red. I've no idea how common it is in north Cumbria now that the CBDC have withdrawn county data from NBN Atlas, but there are only a few records shown for the bordering county of Northumberland.
It's only 4-5mm in length though, and so I guess it's still pretty easy to miss.
Governor Bowman delivers remarks at the Roundtable on Central Bank Digital Currency, hosted by the Harvard Law School Program on International Financial Systems.
Learn more: www.federalreserve.gov/newsevents/speech/bowman20231017a.htm
news.bitcoin.com/chinese-researchers-propose-asian-digita...
Chinese Researchers Propose Asian Digital Currency to Reduce Reliance on US Dollar
China Suggests Minting Asia-Wide Digital Yuan Underpinned by Distributed Ledger Technology
Chinese government researchers have proposed the introduction of a new digital currency in Asia in order to reduce the region’s dependence on the U.S. fiat money. The common coin would also help safeguard financial stability while enhancing regional monetary cooperation, they say, quoted by the South China Morning Post this week.
According to Song Shuang, Liu Dongmin, and Zhou Xuezhi from the Institute of World Economics and Politics under the Chinese Academy of Social Sciences, the digital token would be pegged to a basket of 13 currencies, including the Chinese yuan, Japanese yen, South Korean won, and those of the 10 members of ASEAN, the Association of Southeast Asian Nations.
Weighting for each could be similar to that of the International Monetary Fund’s special drawing rights that serve as an international reserve asset, the report details. Distributed ledger technology could be employed to underpin the proposed currency. Such an approach would aim to prevent the dominance of any one of the participating countries.
“More than 20 years of deepened economic integration in East Asia has laid a good foundation for regional currency cooperation. The conditions for setting up the Asian yuan have gradually formed,” the researchers wrote in an article published in August by the World Affairs journal — an edition affiliated with the Chinese Ministry of Foreign Affairs — and then posted online in late September.
China Likely to Lead New Asian Digital Currency Project if It Gains Support
This isn’t the first initiative to create a regional currency in Asia. Other examples include the proposal of Malaysian Prime Minister Mahathir Mohamad made during the 1997 Asian financial crisis, which he repeated in 2019, as well as the Japan-led Asian Development Bank’s project for an Asian Currency Unit (ACU) from 2006.
The latest initiative, if realized, is likely to be led by China, which is currently the world’s second-largest economy and is constantly expanding the pilot area for its own sovereign digital currency, the digital yuan. The People’s Bank of China (PBOC) recently announced that e-CNY payments had surpassed 100 billion yuan (almost $14 billion) in 360 million transactions by the end of August.
Although the Chinese government maintains that its central bank digital currency (CBDC) is primarily intended for domestic use — about two dozen major cities participate in the testing with over 5.6 million merchants accepting the coin — the PBOC is also exploring cross-border settlements, together with the monetary authorities of Hong Kong, Thailand, and the United Arab Emirates.