In the long-playing live broadcast on December 19, Miles Guo explicated the current situation and prospects of world currencies, pointing out that the astronomical excess-issuance of fiat currencies will definitely lead to the complete collapse of world economies. When digital currencies rise from the ruins, the world will soon enter the Spring and Autumn Period and the Warring States Era to compete for digital currencies until a triumvirate of powers emerges. The New Federal State of China’s (NFSC) Himalaya Fed Reserve and the Himalaya Coin will become one of the most important forces.
Since the onset of the pandemic, countries worldwide have been over issuing money leading to inflation and a global debt of up to $200 trillion to $300 trillion, which has no solution but to destroy the original monetary system. At the historic moment, digital currencies arise, which will coexist with fiat currencies for a while and then will eventually replace them. Thus, the properties of money are being changed for the first time without bloodshed since recorded human history.
According to Miles Guo, humanity is already in the midst of cyberwar, currency war, vaccine war, and biochemical virus war, a true sense of the third world war, among which the digital currencies are the first to bear the brunt as countries are vying for the right to price, issue, and regulate these digital currencies.
In the end, the Himalaya Coin, by the NFSC, will win this melee of digital currency competition and become the vital pole thanks to its decentralized technology, centralized regulation, stable ecology anchored by gold, and a most used payment system.
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Translated by: MOS Translation Team – Laniakea