IMHO
The BIS is a western construct and will likely be hamstrung if not completely supplanted by the BRICS+
Nations with the “New Development Bank” which will likely end up just as corrupt… it would be a severe financial blow to the economies of the developed western nations and their large trade deficits and massive debts
Historically changes in economic dominance/world reserve currencies have ended in kinetic wars… as the dominant world power(s) is/are weakened from within by corruption and domestic polarization which reduces cohesion and national productivity as well as economic strength, the door is opened for rising powers to assume dominance.
Time will tell…but in the mean time ima short fiat currencies and paper assets (IOU’s) with hard self custodied assets🤔🤷🏽♂️
Full disclosure: I’m an idgit and wrong almost all the time🤷🏽♂️🫡


