World is rich because low rates but how long ?

[Jaweria parveen]

There are many hardworking people in the world who have earned money through hard work and intelligence and have achieved good facilities for themselves. But this will continue until the resources are exhausted. The biggest resource is oil from which people earn millions of money and will continue to earn. Apart from that, there are also many other things from which money will continue to be made in the world. But at the same time, there are some who earn less. They have resources but they do not have capital and nothing to invest, due to which they are behind the world. There are many people in the world whose goals are different, so everyone is working hard to earn money and that thing is increasing more and more among people, so money is increasing in the world.

[tabas]

They don't have to prepare the world for it because they are the ones who are making these systems. And in fact, it will continue to be used because that's how the government has set each country that they govern. As for the stable coins, they might push it or not. We heard of the CBDCs but what's with them right now? And so, if they'll have people to get into either of these with that kind of yield, then there will be the banks that will be assigned to it or exchanges will have to work on with them or has to work like them.

Well, the CBDC thing isn't happening "right now", but they are all looking into it, and the governments of the world do not do things very quickly, as we all know; it takes time. ETF, for example, took nearly 5 years from being an idea to being a reality, and this was pushed by BlackRock like a nation sized company, so if there is no BlackRock behind CBDC to push now, imagine how many more years it will be. But that doesn't mean it won't happen; it's a digital way of printing money and taking real money away from people.

Governments will always want something like that; they will even desire it. It's not safe right now; they are worried about the potential hacking, because if they ever do it, we are going to see THE WHOLE WORLD going to attack it, and they can't take that risk. Is there a way to do it without any risk? There is none, so it will be postponed more and more. Hell, even the FBI got hacked, and all the info was leaked, so of course anything could happen, and that is why they are postponing until they are certain.

It does need solid backing by first, the government and with the likes of BlackRock or whichever big company is there to finance and implement it. I thought that there's a big development with it but they seem to have been delayed. Because when I've first seen the news, it became a trend that almost every country have been interested into it. Those with understanding of how it actually works. Now, it probably might have been delayed or totally abandoned when they don't have to complicate it by themselves and by just doing a stable coin for themselves or by adopting one that's already been established. Otherwise, just as you said, it will be postponed just how the Libra project did and other likes.

[AVE5]

I might not get you right entirely due to some communications barriers with the post but least I can contribute to the situation you described is that economic rate has greater role to play or influence in the development of the society's.
When inflation rates also increase, it also affect the exchange rates of the currency which is also a weakness devaluing fiats due to over printing of the cash.
Employment rates and the governments concerns to regulate inflation and security networks is also a plus to yield the country's values that can attract foreign investor's and tourism.

[Taricoins]

OP, you should try and preview your post before you post, I almost destroyed my brain trying to understand, but I think I get the bottom line, I don't think there is anything as low rate for individual countries, almost all the citizens in a country will always complain that cost is high until there is an inflation except China, lol, unless you are wealthy and don't care about the cost. Alot of this people that travel to Dubai has the financial means to pay for there rate because rate there is so high, compare to my country because it's a tourist country.

[M47AK16]

There are many hardworking people in the world who have earned money through hard work and intelligence and have achieved good facilities for themselves. But this will continue until the resources are exhausted. The biggest resource is oil from which people earn millions of money and will continue to earn. Apart from that, there are also many other things from which money will continue to be made in the world. But at the same time, there are some who earn less. They have resources but they do not have capital and nothing to invest, due to which they are behind the world. There are many people in the world whose goals are different, so everyone is working hard to earn money and that thing is increasing more and more among people, so money is increasing in the world.

There are also a lot of people who worked hard but earned not enough money as well. I hate it when people say "hard work gets you money". Because while it is true that rich people all worked hard to make their money (unless they inherited it, in which case they did nothing for it), there are also a lot of people who worked hard and did not get what they deserved. I barely survive; do you think that Jeff Bezos worked that much harder than me? Not saying he did not work harder than me; he did, but THAT much more?

I worked 10-12 hours a day for a long time in my life, even on vacations, even on beaches I opened up a laptop and worked, even in hospitals, even at one funeral; I worked 10-12 hours every day for a long time. Did I get rich? No. So that means it's more than just hard work; that alone is not enough. What you are doing during that time matters more than how much; there are people who work a couple of hours a day and earn more than me for that reason.