According to the former head of state of Russia, digital fiat currencies will become widespread next year, and the US dollar will lose its status as a global reserve currency. Dmitry Medvedev gave his two cents about the future of the world in a series of tweets and made a “modest contribution”, as he called it, to the “wildest predictions” ahead of New Year’s Eve.
Medvedev Sees World Bank Collapse, Musk in White House and Expensive Oil
The Bretton Woods monetary system will collapse next year and the International Monetary Fund and World Bank will collapse, according to the man who led Russia for four years between Vladimir Putin’s two terms.
“The euro and the dollar will cease to circulate as global reserve currencies. Instead, digital fiat currencies will be actively used,” Dmitry Medvedev said on social media, “all the largest stock markets and financial activity will leave the US and Europe and move to Asia.”
In a series of humorous posts this week, he offered his thoughts on what could happen in 2023. “On the eve of the New Year, everyone is busy making predictions. Many make futuristic assumptions, as if competing to isolate the wildest, even the most absurd. This is our humble contribution,” the ruling United Russia party leader wrote on his Twitter page on Monday.
Medvedev then predicted that the price of oil will exceed $150/barrel, and natural gas will exceed $5,000. He also expects the EU to collapse and the euro to be phased out after the UK rejoins the union. He added that France and Germany will clash in a divided Europe, while Hungary and Poland will occupy parts of Western Ukraine.
A Russian government official, who is currently the deputy chairman of the country’s Security Council, sees California as an independent state, while Texas secedes from the United States to form an alliance with Mexico. “Elon Musk will win the presidential election in a number of states that will go to the GOP after the new civil war is over,” he said.
Dmitri Medvedev, who was also Russia’s prime minister from 2012 to 2020 and is seen as a more liberal politician than Putin, has been quite active on social media since Moscow’s attack on Ukraine in late February. The military invasion was met with waves of Western sanctions. Days after the war began, he wrote that Russia might “nationalize” foreign assets in response to sanctions.
Over the past year, Russian authorities have been working to expand the legal framework for digital assets and regulate cryptocurrencies, especially their use for cross-border settlements amid financial restrictions. When the Bank of Russia, which is developing its own digital ruble, proposed banning cryptocurrency transactions in the country, Medvedev told Russian media in January that the ban could backfire.
Do you think any of Dmitry Medvedev’s predictions for 2023 will come true? Let us know in the comment section below.
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