Globalization and sovereignization in the light new theory of money

Abstract

Recently, both in publicistic speeches and in scientific works, globalization is almost always considered in opposite aspects: either as an extremely positive strategy that allows countries to embark on the path of progressive development, or, on the contrary, prevents it. In fact, globalization itself does not lead to either negative or positive consequences, since it is an objective economic law, i.e. a law that operates independently of the will and consciousness of people. And these people either know how to use its results for the benefit of the country’s development, or not. Hence, the task of understanding the mechanisms and practices of globalization becomes urgent, first of all, by the leaders of the country’s economic bloc. But without relying on the laws of monetary circulation, which are directly related and affect the processes of globalization, it will be impossible to preserve and strengthen the sovereignty of the country, which was the subject of this work. Based on the study, it was shown that Russia and other countries can become truly sovereign states if they abandon payments in dollars and switch to digital national currencies and discrete exchange rates (DCR), and the activities of exchanges will be focused on the national economy in accordance with the laws monetary circulation.