My gut feeling has always been that when ur too big to fail (central banks and their primary players/institutions) u can make as many losing bets as u want…until ur safety net (USD/fiat) dry rots and then those losses start to matter.

IMHO

Signs of said dry rot will be when govts, institutions, corporations and private citizens start opting (to the extent they can) for stores of value other that your fiat denominated assets (…oh yeah🤔 that’s already happening😳) followed by same players opting outta ur fiat currency as a unit of acct and means of exchange. That latter domino has yet to fall but the Brics+ nations are sure banging that drum….time will tell 🤷🏽‍♂️

But wtf do I know. I’m an idgit and wrong about almost everything 😂