By Matthew Hayward The development of central bank digital currencies (CBDCs) by major economies, such as China, the US, and the European Union, is reshaping the global monetary system and contributing to the emergence of a new shared world order that utilizes a couple of different currencies instead of relying on a single global Reserve currency. This shift will be an incremental step toward establishing a one-world government. The rationale for this updated hypothesis could be based on the following points: The development of CBDCs represents a significant innovation in monetary policy. It has the potential to transform the way in which payments and financial transactions are conducted globally. CBDCs may offer several advantages over traditional fiat currencies, such as greater efficiency, security, and accessibility, as well as the ability to facilitate cross-border transactions and reduce transaction costs. The development of CBDCs is being driven by major economies, such as China...

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