Can you elaborate on this? / Explain like I'm an idiot?
Discussion
That chart represents the relative position of the US and all other countries with respect to asset ownership.
What that chart is saying is that countries around the world own $25T US assets more than the US owns foreign assets.
If/when those countries start repatriating capital we should expect US assets deflation. Think of stocks, real estate, etc.
I would not be surprised if the US enacted capital controls to try to prevent that asset deflation from manifesting. That would be a real, substantial blow to US dollar status.
But then again dollar milkshake/ melt up theory predicted this very situation if my understanding is correct. It also predicted this trend will continue because as bad as it is, and will continue to be, the dollar is the king of fiat...
Listen to Luke Gromen, he’s one of the few who has the balls to recognize the disruptive potential of this.
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