Why? Because Wall Street and the Frankfurt banks would scream bloody murder, fearing (correctly) the loss of their monopoly over payments once the central banks grant every citizen a digital wallet. The Chinese central bank’s experimentation with a digital renminbi will continue to send shivers down spines at the Federal Reserve and the European Central Bank, but their leadership will prove too timid to issue their own crypto dollar or euro. My prediction The coming year will prove that all the talk of renewed 1970s-style stagflation was wildly exaggerated. Plus, two eye-opening books I recommend to people kept up at night by concerns similar to mine. So, to tempt fate, here is my prediction for the 2022. No impending New Year deserves to be unaccompanied with predictions that it, the New Year, will then proceed to ridicule.
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