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The Financial System in Transformation – Antiglobalism and Blockchain

  • The financial system is undergoing transformation in response to political and economic uncertainties.
  • The U.S. Federal Reserve was compelled to cut interest rates in 2019 due to frozen credit markets.
  • Moody’s has downgraded the credit rating of U.S. Treasury bonds, signaling distress in credit markets.
  • All major credit rating agencies have downgraded the U.S. rating for the first time in history.
  • Assets like gold tend to perform well during times of credit market distress.
  • BlackRock's influence in the markets, including crypto, is significant and expanding.
  • The dismantling of globalism, with Trump's actions against global competition, poses challenges to the global economy.
  • Deglobalization initiatives impact international trade and finance, leading to concerns about currency stability.
  • Antiglobalism extends beyond economics to encompass politics, foreign influence, and sovereignty.
  • Technological advancements like AI and decentralized finance are reshaping economic systems and asset exchange.

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