Dec 13, 2023 12:00 PM
Todd Heiman, Ely Rotary Treasurer.
Changing World Financial Systems

In this presentation, I plan to discuss a few things that are changing in world financial systems that affect the United States.  I also plan to provide some history around each topic to give some context around the current changes.  The topics that I'm thinking of include:

  • What are Stablecoins?  What are their uses and why have they become popular around the world?  What problems do they solve?  Historical context:
    • How many currencies are there around the world
    • What does a person in a typical third world country experience with their currency?
  • What is BRICS?  Why is it important?  Why is it expanding?  Historical context:  
    • When did the U.S. become the world reserve currency?
    • What happened with gold backing currencies around the world including the U.S. Dollar?
    • What does the term Petrodollar mean and why is it important?
    • What is a FIAT currency?
These topics ought to be plenty for this presentation.  I'll present others in the future if the audience finds this interesting.