Tag Archives: currency sovereignty

Moody's, one of the major ratings agencies, downgraded the UK to an Aa2 rating from Aa1. It said leaving the European Union was creating economic uncertainty at a time when the UK's debt reduction plans were already off course. Downing Street said the firm's Brexit assessments were "outdated". The other major agencies, Fitch and S&P, changed their ratings in 2016, with S&P cutting it two notches from AAA to AA, and Fitch lowering it from AA+ to AA. Moody's said the government...

Russian President Vladimir Putin has instructed the government to approve legislation making the ruble the main currency of exchange at all Russian seaports by next year, according to the Kremlin website. Russia using its monopoly power as a currency soverign. RTPutin orders to end trade in US dollars at Russian seaports

Much more than the title suggests. Government is assserting its currrency sovereignty. Zero Hedge PBOC Researcher: China Should Start Its Own Sovereign Digital Currency "As Soon As Possible" Tyler Durden

... a government’s monetary sovereignty creates a potential for meaningful social progress. But it is only a potential, and can only be fulfilled through genuine democracy conducted by an informed citizenry. Right now, it is perhaps fair to say that an informed citizenry and, as a consequence, genuine democracy, are almost entirely lacking in the specific area of macroeconomics. At minimum, an informed citizenry would understand that, due to monetary sovereignty:If we can do it, we can...