“It’s impossible to carry on the system as it stands now. We’re at the end of the fiat experiment,” says David Morgan, founder of themorganreport.com. He says the newly announced Universal Monetary Unit by the IMF demonstrates a monetary structure that’s simply replicating the current one. It’s “a new failed system” that will allow banks to track transactions more efficiently and monitor everyone. “But it it doesn’t change anything,” he explains. David remains neutral about the future rule of Ripple in CBDC transactions. However, he also acknowledges that most cryptos are vulnerable “because they’re not really anything other than a new form of fiat." In addition, he expects that the Fed is less likely to hike rates again in May and argues that most Fed officials are academics and don’t understand the market.