Large Underpants
@larjunderpants.bsky.social
As an aside the Greenland flag is one of the coolest out there 🇬🇱
January 18, 2026 at 5:20 PM
As an aside the Greenland flag is one of the coolest out there 🇬🇱
I didn't know this about Mark Carney but apparently he argued for replacing the USD with a "Synthetic Hegemonic Currency" (SHC). Would be some kind of digital currency issued through various central banks.
![On August 23, 2019, Carney delivered a speech at the Federal Reserve Bank of Kansas City's 2019 annual Jackson Hole Economic Symposium entitled "The Growing Challenges for Monetary Policy in the current International Monetary and Financial System". Carney said that the "widespread use of the US dollar"—the dominant currency pricing—"in trade invoicing, in place of the currency of either the producer or the importer",[157] has had a "destablilizing" effect on the global economy.[158] About 50 per cent of international trade relies on the US dollar as the "currency of choice". This represents "five times greater than the US's share in world goods imports, and three times its share in world exports".[159] Dominant currency pricing is not problematic when there is "synchronized growth" globally, Carney said. When "the tide is rising in America while receding elsewhere", the system needs to be revamped. Carney cited an article[157] by Markus Brunnermeier, Harold James, and Jean-Pierre Landau on the potential role of digital currency area (DCA) in redefining the international monetary system.[159]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:rwa2pqui6ftdu5v6b5fwsgnm/bafkreihgwics5v26xshtwnkqz6vhnbkehgvbnfrkiolurhpufjx2uzbb5q@jpeg)
![Speaking just hours after US President Donald Trump posted a tweet blaming Federal Reserve chairman Jerome Powell's policies for creating fears of an economic recession and threatening China with more retaliatory tariffs, Carney urged central banks to collaborate in replacing the US dollar as reserve currency. He cautioned against choosing another new hegemonic reserve currency like the renminbi and suggested instead, a "new Synthetic Hegemonic Currency" (SHC), such as Libra,[158][159][160] which could potentially be provided "through a network of central bank digital currencies", that would decrease the US dollar's "domineering influence" on trade worldwide.[159][160]](https://cdn.bsky.app/img/feed_thumbnail/plain/did:plc:rwa2pqui6ftdu5v6b5fwsgnm/bafkreidy4hpol4dnd5mq74gzgbgyg6axyfwcmlrkkuijgkkn5yco6wywg4@jpeg)
January 17, 2026 at 5:17 PM
I didn't know this about Mark Carney but apparently he argued for replacing the USD with a "Synthetic Hegemonic Currency" (SHC). Would be some kind of digital currency issued through various central banks.
January 9, 2026 at 1:46 PM
Not me literally getting one shotted by a spicy curry from smash bros post
August 23, 2025 at 12:28 AM
Not me literally getting one shotted by a spicy curry from smash bros post
Everyone wants to take a shot at the goat
March 26, 2025 at 5:09 AM
Everyone wants to take a shot at the goat