Top Tweets for #purchaseprogram

'At the time of Sarkozy’s statement, the financial playing field in Europe was heavily influenced by France: the president of the European Central Bank (ECB) was a Frenchman, Jean-Claude Trichet, and another Frenchman, Dominique Strauss-Kahn, was Managing Director of the IMF. The vision of the French was for the IMF to once again become the linchpin in global monetary cooperation between the European Union, the United Kingdom, Japan, the United States and China. Sarkozy was backed up on this by German Chancellor Angela Merkel and British Prime Minister Gordon Brown, who together called for a new international financial order after the collapse of the financial system in 2008. Sarkozy and US President George W. Bush met on 18 October 2008, to discuss the possibility of a global financial summit. Bush offered to organize a meeting along the lines of the 1944 Bretton Woods framework. He then called on the G-20 heads of state to hold what was dubbed the “Bretton Woods 2.0” summit. Leading up to this summit, Brown indicated that this was to be a “defining moment” for the global economy and suggested it might lead to the establishment of a new global monetary system. Intended as a sequel to the historic meeting at Bretton Woods (a tiny town in the state of New Hampshire in the United States), all world leaders finally met, this time in Washington D.C., on 15 November 15 2008. [..] There’s no time to waste. A new “multipolar” monetary system, based on different currencies, is taking shape right now. This system will run on a number of interconnected global blockchain and distributed ledger technology payment and collateral management platforms for professional market participants, combined with digital central bank money, such as the digital euro, for both individuals and professional market participants (Central Bank Digital Currency, or CBDC). We expect that, in this system, the centralized monetary systems of world powers will be interlinked, and the IMF will act as the intermediary between them. In 2008, world leaders called this multipolar monetary system “Bretton Woods 2.0”. They saw the centralization of collateral as the indispensable bedrock of this new system. But this collateral consists of not only gold, as in classic Bretton Woods framework, but also includes other elements such as bundled and packaged bank loans and emission rights (for example, CO2 emissions rights). [..] In the new multipolar “monetary” system, (crypto) payment and collateral management systems (such as Fnaliy and HQLAx) are linked to multiple currencies: the dollar, pound, euro, yen, Canadian dollar, and others. And it is expected that the BRICS (Brazil, Russia, India, China and South Africa) will eventually connect their own systems to it. We suspect this is why China joined the International Monetary Fund (IMF) in 2016.' Fragments from Worst Bank Scenario