While billionaires bet against the hyped up multi-trillion-dollar AI market, Canada’s government is doubling down (breachmedia.ca)

submitted 1 week ago by yogthos@lemmy.ml to c/canada@lemmy.ca

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[-] orioler25@lemmy.ca 7 points 6 days ago* (last edited 6 days ago)

Good time to remember Carney suggested that the UK and US convert their reserves to crypto.

Edit: misremembered this, he suggested that a global crypto reserve be established to mitigate US dollar hegemony. Sources below.

[-] yogthos@lemmy.ml 3 points 6 days ago* (last edited 6 days ago)

So glad we have this genius banker in charge to fix our economy!

[-] uninvitedguest@piefed.ca 1 points 6 days ago

Where, when, and in what context was that said? I can't find anything on it.

[-] orioler25@lemmy.ca 4 points 6 days ago* (last edited 6 days ago)

At an Economic Policy Symposium at Jackson Hole, US in 2019. Although, it looks like I misremembered this a bit, he suggested that a global crypto reserve should be adopted to curb US dollar hegemony. Which makes this even funnier considering the past year.

Ten second search:

https://www.theguardian.com/business/2019/aug/23/mark-carney-dollar-dominant-replaced-digital-currency

https://www.forbes.com/sites/billybambrough/2019/08/31/the-bank-of-england-governor-proposed-a-radical-competitor-to-bitcoin-and-the-us-dollar/

https://www.theglobaltreasurer.com/2019/08/29/mark-carney-proposes-a-digital-reserve-currency/?amp=1

https://www.techbrew.com/stories/2019/08/27/boes-mark-carney-proposes-digital-reserve-currency?__cf_chl_tk=veuoijxzirz_k3lv5jlk2q706zoq7yxys8sqz2cxpv0-1764006704-1.0.1.1-t5gljgt9s1.5jirvf5vxt7wrjbzfaeooxzdkgpfv6tu

There's also a bunch of crypto blogs that covered the speech, but they don't really add anything.