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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
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
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, diretor-executivo de Inovação, Produtos e Serviços Bancários da Federação Brasileira de Bancos (Febraban), Leandro Vilain.
Foto: Roque de Sá/Agência Senado
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
news.bitcoin.com/chinas-central-bank-digital-yuan-transac...
China's Central Bank: Digital Yuan Transactions Reach $250 Billion
China’s central bank governor has revealed that transactions using the country’s central bank digital currency (CBDC) reached 1.8 trillion yuan ($250 billion) at the end of June. In addition, the People’s Bank of China (PBOC) official stated that digital yuan in circulation amounted to 16.5 billion yuan. Moreover, the total number of digital yuan transactions hit 950 million, with 120 million wallets being opened.
The PBOC launched pilot trials for the digital yuan at the end of 2019 and has been testing the digital currency in various cities across China, including Suzhou, Shenzhen, Xiongan, and Chengdu. In July, the city of Jinan implemented digital yuan payments for public transportation fares. The Shanghai Clearing House also recently added support for digital yuan settlements. Meanwhile, Bank of China expanded digital yuan testing to SIM cards and NFC payments.
___
By any measure, China grew at a higher rate than the U.S., yet the mainstream media all reported the sky is falling in China.
www.economist.com/finance-and-economics/2023/07/17/how-mu...
How much trouble is China’s economy in?
Growth is faltering and the country is flirting with deflation
www.theguardian.com/business/2023/jul/17/china-gdp-growth...
China GDP growth falls short of expectations as sinking property prices hit economy
Data shows the economy grew just 0.8% in the June quarter, down from 2.2% in the first 3 months of 2023
China’s economy expanded 6.3% in the second quarter from a year ago, falling short of market expectations as export demand remained tepid and sinking property prices sapped consumer confidence.
Compared with a year earlier, China’s GDP in the April-June period was 6.3% larger, the national bureau of statistics said on Monday, quickening from the 4.5% annual growth pace for the first three months of 2023. Economists had forecast growth to accelerate to 7.3%, according to a Reuters survey.
For the June quarter alone, growth slowed to 0.8% from a 2.2% quarter-on-quarter clip in the March quarter. That pace, though, exceeded predictions of a 0.5% expansion.
Also for June alone, China’s retail sales grew 3.1% compared with May’s 12.7% surge. Analysts had expected growth of 3.2%, Reuters said.
The moderate growth numbers are likely to stoke expectations of further government efforts to stimulate the economy to ensure a 5% growth target is reached for 2023. Monday’s preliminary numbers show the economy grew 5.5% for the first six months.
NAB, an Australian bank cuts its forecast for China’s growth in 2023 to 5.2%, from 5.6% previously. It left its forecasts for 2024 (4.5%) and 2025 (4.8%) unchanged.
www.reuters.com/business/retail-consumer/us-retail-sales-...
US retail sales rise moderately; economy plodding along
▫️Retail sales increase 0.2% in June; May data revised higher
▫️Core retail sales rise 0.6%; May data revised up
▫️Manufacturing production falls 0.3%
WASHINGTON, July 18 (Reuters) - U.S. retail sales rose less than expected in June as receipts at service stations and building material stores declined, but consumers boosted or maintained spending elsewhere, which likely kept the economy on a solid growth path in the second quarter.
Overall, the mixed report from the Commerce Department on Tuesday painted a picture of consumer resilience, though slowing momentum in spending growth. It did not change expectations that the Federal Reserve would resume raising interest rates this month after keeping them unchanged in June.
"The forces meant to hold back real spending power after 16 months of Fed tightening - drawdowns in pandemic savings, high inflation, higher borrowing costs - fell short of meaningfully slowing consumption," said Will Compernolle, macro strategist at FHN Financial in New York.
"The resilient consumer shows the Fed has very little reason to think its tightening has gone too far at this point."
Retail sales increased 0.2% last month. Data for May was revised higher to show sales gaining 0.5% instead of 0.3% as previously reported. Economists polled by Reuters had forecast retail sales gaining 0.5%. Retail sales are mostly goods and are not adjusted for inflation. They rose 1.5% year-on-year in June.
Spending has remained strong despite 500 basis points worth of interest rate hikes from the Fed since March 2022, when the U.S. central bank kicked off its fastest monetary policy tightening cycle in more than 40 years.
A tight labor market continues to boost wage gains while some households still have savings accumulated during the COVID-19 pandemic. Consumers' purchasing power is also gradually rising as inflation subsides.
Spending has remained strong despite 500 basis points worth of interest rate hikes from the Fed since March 2022, when the U.S. central bank kicked off its fastest monetary policy tightening cycle in more than 40 years.
A tight labor market continues to boost wage gains while some households still have savings accumulated during the COVID-19 pandemic. Consumers' purchasing power is also gradually rising as inflation subsides.
Retail sales
Sales at auto dealerships rose in 0.3% in June, despite motor vehicle manufacturers reporting an acceleration in unit sales last month. Auto sales surged 1.5% in May. There has been a divergence between unit sales reported by manufacturers and the retail sales data.
"This is somewhat related to the fact that there is an underlying rotation happening in the space with a larger share of vehicle sales now headed to businesses rather than consumers amid a normalization after pandemic-related disruptions caused a large surge in consumer auto sales," said Shannon Seery, an economist at Wells Fargo in New York. "Consumer demand for autos is subsiding after being pulled forward and financing costs now reaching the highest level in 16 years."
Online sales surged 1.9%, the most in six months. Further gains are likely after Amazon (AMZN.O) hosted its Prime Day promotion in July, which was the biggest on record.
Receipts at furniture stores increased 1.4% and electronics and appliance store sales advanced 1.1%. Clothing store sales rose 0.6% in June.
But receipts at building material and garden equipment supplies dealers dropped 1.2%. Consumers also cut back spending on sporting goods, hobbies, books and musical instruments.
Grocery store sales fell as did receipts at department stores. Sales at service stations dropped 1.4% on lower gasoline prices.
Sales at food services and drinking places edged up 0.1% after rising 1.2% in May. Economists view dining out as a key indicator of household finances. Though Americans spent less at restaurants and bars, credit and debit card data suggest they are boosting spending on other services.
Services are the largest share of consumer spending.
"Decreased spending on gasoline indicates that lower- and middle-income households are economizing on discretionary spending, reflecting cost-of-living pressures," said Bill Adams, chief economist at Comerica Bank in Dallas. "Big crowds at airports and sky-high prices for concert tickets point to robust spending by wealthier households this summer, though."
Stocks on Wall Street were trading higher. The dollar was steady versus a basket of currencies. U.S. Treasury yields fell.
STRONG CORE SALES
Excluding automobiles, gasoline, building materials and food services, retail sales increased 0.6% in June. Data for May was revised slightly up to show these so-called core retail sales increasing 0.3% instead of the previously reported 0.2%.
Core retail sales correspond most closely with the consumer spending component of gross domestic product. June's solid rise and May's upward revision to core retail sales suggest that consumer spending, which accounts for more than two-thirds of the U.S. economy, continued to grow last quarter.
The pace was, however, probably slower than the first quarter's rate, which was fastest in nearly two years.
Core retail sales
Economists at Bank of America Securities raised their second-quarter GDP estimate to a 1.7% annualized rate from a 1.5% pace. The economy grew at a 2.0% rate in the January-March quarter.
"The economy is plodding along without overheating," said David Russell, vice president of Market Intelligence at TradeStation. "This is modestly positive news for investors worried about the Fed needing to hike after July."
While consumers are holding up, manufacturers are wilting under the onslaught of higher rates. A separate report from the Fed showed manufacturing output dropped 0.3% in June after falling 0.2% in May. The weakness in manufacturing is mostly confined to goods production, with industries related to services like travel continuing to expand.
"We expect this dynamic to continue in coming months, although recent resilience of economic activity, with our expectation for a recession pushed to first half of 2024, could even keep manufacturing production somewhat more supported," said Andrew Hollenhorst, chief economist at Citigroup in New York.
Former presidential candidate and political commentator Tulsi Gabbard is taking a stand against the Biden administration’s plans to develop a Central Bank Digital Currency (CBDC) in the United States.
The ex-congresswoman argued on Sunday that CBDCs will be used as tools of mass financial surveillance that “undermine our autonomy and freedom.”
Standing Against a Cashless Society
In a tweet released over the weekend, Gabbard said that the federal government has already begun to implement its CBDC project, which will “bring about a cashless society where every transaction we make is tracked, monitored, and controlled.”
“To protect our freedom, we must all stand together in rejecting this effort to institute a digital cashless society,” wrote Gabbard.
A CBDC is a new form of digital money issued directly by a central bank to retail customers, rather than through commercial banks. Proponents argue that it could serve as a more secure and efficient means of payment and remittance, providing a “safe central bank liability in the digital financial ecosystem,” according to Federal Reserve Vice Chair Lael Brainard.
A BIS report in May 2022 suggested that 90% of central banks were already exploring the potential issuance of a CBDC, with over half of them already developing such a technology. That includes the United States after President Biden placed “the highest urgency” on potential US CBDC research as part of his crypto executive order in March of last year.
House
usaorbit.com/news/crypto-currency/cbdcs-are-aimed-at-trac...
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
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
Empicoris vagabundus found on a fencepost at the edge of woodland to the south of Little Bampton Common in the Finglandrigg Wood Nature Reserve, 25 August 18.
I didn't even know what Order of insect this belonged to when I first had a look at it with my magnifier, and I almost dismissed it as a crane fly of some sort. However, after a closer examination I spotted the rostrum and eventually realised what it was - my first Assassin Bug!
All shots were taken using the integral camera on my SX10D microscope with the insect alive: Photo 1 at 10x, Photos 2 and 3 at 20x, and Photo 4 at 40x magnification. It was measured at 6.4mm in length.
The photos might have their flaws but they're the best of about 200 taken over several sessions spread over two days, and in view of the challenges involved I'm very happy with them!
As the CBDC have withdrawn county data from NBN, I don't know how scarce this bug is within Cumbria. Although Tullie House has 8 preserved specimens of Empicoris vagabundus, only one of these appears to have been collected from within the county (from Durdar to the south of Carlisle) and this was in 1941. Make of that what you will!
(See Photo 1 for note on identification.)
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
Empicoris vagabundus found on a fencepost at the edge of woodland to the south of Little Bampton Common in the Finglandrigg Wood Nature Reserve, 25 August 18.
I didn't even know what Order of insect this belonged to when I first had a look at it with my magnifier, and I almost dismissed it as a crane fly of some sort. However, after a closer examination I spotted the rostrum and eventually realised what it was - my first Assassin Bug!
All shots were taken using the integral camera on my SX10D microscope with the insect alive: Photo 1 at 10x, Photos 2 and 3 at 20x, and Photo 4 at 40x magnification. It was measured at 6.4mm in length.
The photos might have their flaws but they're the best of about 200 taken over several sessions spread over two days, and in view of the challenges involved I'm very happy with them!
As the CBDC have withdrawn county data from NBN, I don't know how scarce this bug is within Cumbria. Although Tullie House has 8 preserved specimens of Empicoris vagabundus, only one of these appears to have been collected from within the county (from Durdar to the south of Carlisle) and this was in 1941. Make of that what you will!
Note on identification: There are two other species in the Empicoris genus - E. baerensprungi and E. culiciformis - both of which look similar to E. vagabundus. According to the British Bugs website, E. vagabundus is the commonest of the three, and best identified by its larger size and the pale sides of the connexivum:
www.britishbugs.org.uk/heteroptera/Reduviidae/empicoris_v...
Although the length of E. vagabundus is specified as 6 - 7mm, no information is given regarding the other species. However, the following link refers to a key by Peter Kirby which apparently states that the other two species have lengths in the range 4.1 - 5.5mm:
diptera.info/forum/viewthread.php?thread_id=9128
As the specimen in question was measured with a calibrated microscope at 6.4mm in length, this is judged to be sufficiently beyond this range as to confirm its identity as Empicoris vagabundus.
Angelina Kwan
CEO, Stratford Finance
Eric Anziani
President and Chief Operating Officer, Crypto.com
Luke Boland
Head of Fintech Asia, Standard Chartered Bank
Jaime Leverton
CEO, ReserveOne
Melvin Deng
CEO, QCP
Tom Lee
Chairman of the Board, BitMine Immersion Technologies; Co-Founder, Head of Research, and Chief Investment Officer, Fundstrat
Angelina Kwan
CEO, Stratford Finance
Eric Anziani
President and Chief Operating Officer, Crypto.com
Luke Boland
Head of Fintech Asia, Standard Chartered Bank
Jaime Leverton
CEO, ReserveOne
Melvin Deng
CEO, QCP
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.
Assessor econômico da presidência do Banco Central do Brasil, Fábio Araújo, em pronunciamento via videoconferência.
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.
Scolopostethus decoratus groundbug found on a wooden post in the Kingmoor Sidings Nature Reserve, Carlisle, 21 August 18.
Unfortunately I didn't manage to get any useable in-situ shots, and also failed to get any live shots with my microscope (it just wouldn't keep still - even after a night in the fridge!) and so the above photos were both taken post-mortem: Photo 1 at 20x and Photo 2 at 40x magnification.
It took some time to identify, because according to British Bugs, antennal details are important in telling the three featured Scolopostethus species apart:
www.britishbugs.org.uk/heteroptera/Lygaeidae/scoloposteth...
Annoyingly, this specimen has an abnormality in this regard. Specifically the first antennal segment on its right side is noticeably shorter than it should be (for all three species), hairless and pale in colour. Although this can be seen in Photo 1, the ventral shot in Photo 2 shows it in more detail.
It's noted that it was found in birch woodland with not a clump of heather in sight, and so the habitat did not tally with that described by British Bugs.
As the CBDC have withdrawn county data from NBN, I don't know how scarce this bug is within Cumbria. However, Tullie House has 39 preserved specimens of Scolopostethus decoratus, the majority of which appear to have been collected from the north of the county. Although most of these findings were historical, perhaps it's still not uncommon locally.
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.
Em pronunciamento via videoconferência, diretor-executivo de Inovação, Produtos e Serviços Bancários da Federação Brasileira de Bancos (Febraban), Leandro Vilain.
Foto: Roque de Sá/Agência Senado
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
07 APRIL 2011 - LONDON - UK
KELLY BROOK LEAVING THE LAUNCH OF THE NEW LYNX EXCITE RANGE AT THE PENTHOUSE IN LONDON!
BYLINE MUST READ : XPOSUREPHOTOS.COM
*GERMAN CLIENTS, PLEASE CALL TO AGREE FEE PRIOR TO PUBLICATION*
*UK CLIENTS MUST CALL PRIOR TO TV OR ONLINE USAGE PLEASE TELEPHONE 020 7377 2770 & +1 310 562 7073*
Gorse Lacebug (Dictyonota strichnocera) found on a fencepost at Low Ploughlands near Finglandrigg Wood, 24 July 18.
I'm pretty sure that this is the first lacebug I've ever seen - and what a beauty!
Unfortunately the Cumbria Biodiversity Data Centre have recently withdrawn their records from NBN, which means that the general public - including recorders like myself - can no longer access county records via NBN Atlas. Consequently, I've no idea how scarce this species is within Cumbria.
(In theory it's still possible to obtain county records free of charge by filling out a Data Request Form and e-mailing it to CBDC, who will then reply within TEN working days; additionally, this is a Word document which I can only open with Wordpad, and so some of the content is jumbled.)
Note added 1 August 18: I didn't make a note of the surrounding vegetation when I took these photos, but on returning to the same spot today, I noticed that the post the bug was found on was midway between two gorse bushes. I thought this was worth mentioning, as there was no gorse (or broom) in sight when I found my second Dictyonota strichnocera near Gelt Woods two days later!
07 APRIL 2011 - LONDON - UK
KELLY BROOK LEAVING THE LAUNCH OF THE NEW LYNX EXCITE RANGE AT THE PENTHOUSE IN LONDON!
BYLINE MUST READ : XPOSUREPHOTOS.COM
*GERMAN CLIENTS, PLEASE CALL TO AGREE FEE PRIOR TO PUBLICATION*
*UK CLIENTS MUST CALL PRIOR TO TV OR ONLINE USAGE PLEASE TELEPHONE 020 7377 2770 & +1 310 562 7073*
Scolopostethus decoratus groundbug found on a wooden post in the Kingmoor Sidings Nature Reserve, Carlisle, 21 August 18.
Unfortunately I didn't manage to get any useable in-situ shots, and also failed to get any live shots with my microscope (it just wouldn't keep still - even after a night in the fridge!) and so the above photos were both taken post-mortem: Photo 1 at 20x and Photo 2 at 40x magnification.
It took some time to identify, because according to British Bugs, antennal details are important in telling the three featured Scolopostethus species apart:
www.britishbugs.org.uk/heteroptera/Lygaeidae/scoloposteth...
Annoyingly, this specimen has an abnormality in this regard. Specifically the first antennal segment on its right side is noticeably shorter than it should be (for all three species), hairless and pale in colour. Although this can be seen in Photo 1, the ventral shot in Photo 2 shows it in more detail.
It's noted that it was found in birch woodland with not a clump of heather in sight, and so the habitat did not tally with that described by British Bugs.
As the CBDC have withdrawn county data from NBN, I don't know how scarce this bug is within Cumbria. However, Tullie House has 39 preserved specimens of Scolopostethus decoratus, the majority of which appear to have been collected from the north of the county. Although most of these findings were historical, perhaps it's still not uncommon locally.
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.
Cameron Brown's "Danny's Calypso Band" with Russ Johnson, Lisa Parrott, Jason Rigby, and Tony Jefferson - University of the Streets, 08-02-11
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.
Em pronunciamento via videoconferência, diretora do Departamento de Recuperação de Ativos e Cooperação Jurídica Internacional Ministério da Justiça e Segurança Pública (MJSP), Sílvia Amélia Fonseca de Oliveira.
Foto: Roque de Sá/Agência Senado
Dünyanın en gelişmiş ekonomilerinden oluşan G7'nin maliye bakanları ve merkez bankası yöneticileri, stablecoin UST'nin çöküşünden sonra bir kez daha kapsamlı kripto para düzenlemelerinin hızlı bir şekilde getirilmesi konusunda çağrıda bulundular.
Reuters'in aktardığına göre yetkililer, 18-20 Mayıs tarihleri arasında Almanya'nın Bonn ve Königswinter kentlerinde düzenlenen toplantı sırasında oluşturulan bir taslak belgede "Kripto para piyasasındaki son kargaşa doğrultusunda G7, FSB'yi (Finansal İstikrar Kurulu) tutarlı ve kapsamlı düzenlemenin hızlı bir şekilde geliştirilmesini ve uygulanmasını sağlamaya çağırıyor" dedi.
Yedi ülkenin her biri kripto için kendi düzenleyici çerçevelerini geliştirmeye çalışarak potansiyel olarak fikir birliğine varmayı zorlaştırıyor.
İşte son zamanlarda atılan adımlardan bazıları.
Kanada
Kanada Merkez Bankası, merkez bankası dijital para birimi (CBDC) üzerinde çalışıyordu fakat birçok sektör gözlemcisi, hükümetin bu yılın başlarında kripto hesaplarını dondurmasını kripto paraların kullanımına karşı bir hareket olarak algılıyor.
Almanya
Almanya Maliye Bakanlığı, kısa bir süre önce bir yıl boyunca elde tuttuktan sonra bitcoin (BTC) ya da ethereum (ETH) satan vergi mükelleflerinin vergiden muaf tutulacağını açıkladı. Bakanlığın kripto vergilendirmesi konusundaki çalışmaları devam edecek ve işbirliği ve kayıt yükümlülüklerine ilişkin ek bir bildiri de hazırlık aşamasında.
Fransa
Emmanuel
kriptokritik.com/g7-ulkeleri-bitcoin-ve-kripto-paralara-y...
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
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
07 APRIL 2011 - LONDON - UK
KELLY BROOK LEAVING THE LAUNCH OF THE NEW LYNX EXCITE RANGE AT THE PENTHOUSE IN LONDON!
BYLINE MUST READ : XPOSUREPHOTOS.COM
*GERMAN CLIENTS, PLEASE CALL TO AGREE FEE PRIOR TO PUBLICATION*
*UK CLIENTS MUST CALL PRIOR TO TV OR ONLINE USAGE PLEASE TELEPHONE 020 7377 2770 & +1 310 562 7073*
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.