The present world monetary system could face a “breakup” as fiat cash has been discredited by the quantitative easing insurance policies of central banks, former British MP George Galloway stated in an interview with Max Keiser.
The host of RT’s Keiser Report sat down with the British politician, who is about to run for MP for Rutherglen and Hamilton West in a potential by-election, to debate his political objectives and the speedy improvement of cryptocurrencies. Galloway believes that eventually, not solely these nations “hunted” by the US, like Venezuela and Iran, but in addition different world powers will change into extra curious about bitcoin.
“Bitcoin may hardly be sounder. It’s the soundest of sound cash insurance policies,” Galloway stated, stressing that it’s very true in an period when chanceries and central banks are “printing cash like drunken sailors.”
All these insurance policies during which governments can not even depend how a lot cash they’ve printed by no means result in something good, he stated.
“There may be going to be a correction. Whether or not a brand new Bretton Woods or some type of breakup of the world monetary system, with China and Russia, and Iran, maybe India, Brazil perhaps – the BRICS nations plus, having their very own monetary techniques which keep away from the greenback, keep away from the pound and keep away from the drunken sailors on the printing presses,” Galloway informed Max Keiser.
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