Exclusive speech by Milei: “[Tonight], President Javier Milei will announce something that will shake not only the entire political landscape but the entire society. We will implement the currency basket competition.”
“A currency basket is a set of multiple currencies, each with different weights. A currency basket determines the market value of a separate currency. Often, this practice is referred to as currency indexing. A forex trader can accept basket orders to be able to trade multiple currency pairs at once.”
The fusion of currency indexing (Hayek) and currency basket (Mundell) theories proposes anchoring currencies to a reference basket composed of various strong currencies. This aims to stabilize exchange rates, allowing for automatic price adjustments. The approach seeks to reduce inflation and promote economic stability but requires coordination between countries and careful selection of basket elements.
https://tgstat.com/channel/@tupireport/16152
Interestingly enough, I have a DVD apocalyptic movie that includes the POTUS making close to that very statement while entering the great tribulation.🤷