USD hegemony is a matter of life and death.
Reserve currency status lets the US run multi-Trillion dollar annual deficits while being >$30 Trillion in debt.
And deficit spending funds real-world military growth.
Global seignorage provides a huge military advantage vs. enemies.
Russia and China realize this.
Which is why you can expect attacks on USD reserve status to continue.
The more we approach direct conflict, the greater the incentives to disrupt the system.
And >120% debt-to-GDP + inflation (rising rates) make this a vulnerable system.
I continue to believe that holding neutral, scarce money is going to be crucial for any investor who wants to protect wealth in the coming years.
Yeah global fiat system is clearly fragmenting. Can’t imagine anything like the global response to the GFC happening today. As long as fragmenting ccy blocks are fighting each other, they got less bandwidth to worry about bitcoin. Quite the opposite in fact. They’re more likely to see it as a tool to conscript than something to take out
Yep, and they’ve apparently decided to open up a front with China?
Projections of $15T additional debt in 10 years I have seen on bird site. We’re going multipolar and nostr could be a pole.
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Agree completely. A humble pleb need not fund the war games. Nor contemplate them beyond deciding if and where to migrate.
hope you frequently post here. thank you!
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