02-11-2017, 01:12 PM
This is a big deal. I'm a bit surprised it's not getting more attention across cyberspace. Trump's statement is yuuuuge in a monetary sense.
If all currencies are brought to parity and cash is eliminated, then there becomes truly only one unit of monetary account for the entire planet. That's the global currency as depicted on the Economist cover from the 80's, the Phoenix, set to be unveiled by/in 2018. Once there is parity and no cash, it doesn't matter what "national" currencies are called. They will all be the same currency. I've predicted for years that it will be characterized as a "gold backed" digital currency and each country will retain the localized name of their currency (dollar, drachma, pound, etc). That will be an illusion since there will be no exchange rate, thus making them all units of the same system, just with different names.
Trump's admission is a big one.