**Response to @balajis:**
Separately, we’re moving the bet forward and will update soon. Had to do some legal work.
https://nitter.moomoo.me/balajis/status/1646056150977363969#m
Talking about the fiat crisis tomorrow. Need to appear remote this time, but will stay for extended Q&A.
nitter.moomoo.me/ETHGlobal/status/1646045863704133632#m (https://nitter.moomoo.me/ETHGlobal/status/1646045863704133632#m)
https://nitter.moomoo.me/balajis/status/1646056093834186753#m
**RT @nic__carter:**
Dedollarization is feared by those with the most to lose - hawks who want to retain sanctions making ability or PMCs who are only capable of producing “finance”. It would overall be good for US labor if the world dedollarizes.
https://nitter.moomoo.me/nic__carter/status/1644379347531202569#m
**RT @nic__carter:**
Absolutely right. Being the global reserve currency issuer is a curse. Vance understands this because he is focused on the decline of the American middle class and the loss of our industrial sector. No surprise he’s on the money here
nitter.moomoo.me/hamandcheese/status/1643967437300195329#m (https://nitter.moomoo.me/hamandcheese/status/1643967437300195329#m)
https://nitter.moomoo.me/nic__carter/status/1644378874845749250#m
**RT @hamandcheese:**
Senator @JDVance1 (https://nitter.moomoo.me/JDVance1) recently compared the dollar's reserve currency status to the classic "resource curse."
I think he's onto something.
secondbest.ca/p/jd-vance-is-… (https://www.secondbest.ca/p/jd-vance-is-right)
https://nitter.moomoo.me/hamandcheese/status/1643967437300195329#m
Bob was a wonderful human being.
He deserves a real memorial, a real eulogy.
nitter.moomoo.me/nypost/status/1643516458071105536#m (https://nitter.moomoo.me/nypost/status/1643516458071105536#m)
https://nitter.moomoo.me/balajis/status/1643616513893576704#m
**RT @WatcherGuru:**
JUST IN: 🇲🇾 Malaysia Prime Minister says there's no reason to continue to depend on the US dollar.
https://nitter.moomoo.me/WatcherGuru/status/1643264119859032064#m
**Response to @balajis:**
From the IMF:
"In the third quarter of 2022, global central banks added US$20 billion of gold to their international reserve portfolios. This was the largest quarterly increase in official gold demand in fully 55 years according to the World Gold Council (2022). This startling… nitter.moomoo.me/i/web/status/164… (https://nitter.moomoo.me/i/web/status/1643190473878810624)
https://nitter.moomoo.me/balajis/status/1643190473878810624#m
**Response to @balajis:**
"European central banks decided to diversify out of gold...emerging markets, in contrast, started to diversify into gold after the Global Financial Crisis." elibrary.imf.org/view/journa… (https://www.elibrary.imf.org/view/journals/001/2023/014/article-A001-en.xml)
https://nitter.moomoo.me/balajis/status/1643189402276081664#m
**Response to @balajis:**
In 2022, China, India, and a number of Middle Eastern and Central Asian countries bought 1100+ tons of gold.
https://nitter.moomoo.me/balajis/status/1643188578271494145#m
**Response to @balajis:**
From 1999 to 2021, the biggest buyers were Russia, China, Turkey, and India.
https://nitter.moomoo.me/balajis/status/1643188303477473282#m
Why did central banks buy record amounts of gold in 2022? visualcapitalist.com/charted… (https://www.visualcapitalist.com/charted-30-years-of-central-bank-gold-demand/)
https://nitter.moomoo.me/balajis/status/1643187842649305089#m
**RT @business:**
China is open to talks with Malaysia on forming an Asian Monetary Fund, said Prime Minister Anwar Ibrahim, amid the world’s growing impatience with the King Dollar’s dominance trib.al/FnbXzYv (https://trib.al/FnbXzYv)
https://nitter.moomoo.me/business/status/1643125268809220097#m
**Response to @balajis:**
This isn't just a financial crisis.
It's a fiat crisis.
All the bills are coming due.
Only a few pieces have come into public view.
But it'll be obvious in retrospect: don't trust the state.
Here's a bit on the prospects of commercial real estate.
nitter.moomoo.me/SquawkCNBC/status/1638886813157969921#m (https://nitter.moomoo.me/SquawkCNBC/status/1638886813157969921#m)
https://nitter.moomoo.me/balajis/status/1642745822482948097#m
**Response to @balajis:**
Trusting central banks meant death.
"Think of those companies that...trusted central bankers’ statements about the ongoing era of ultra-low interest rates...turned out to be a bloodbath..."
gisreportsonline.com/r/insur… (https://www.gisreportsonline.com/r/insurance/)
https://nitter.moomoo.me/balajis/status/1642744828265119745#m
**Response to @balajis:**
Remember, insurers hold "safe" assets.
Like bonds and mortgages.\[1\]
And how are those safe assets doing?
In the era of unprecedented, surprise rate hikes?
Not so great, Bob. \[2\]
\[1\]: spglobal.com/marketintellige… (https://www.spglobal.com/marketintelligence/en/news-insights/latest-news-headlines/us-life-insurers-growing-commercial-mortgage-portfolios-may-face-virus-pressure-57760836)
\[2\]: gisreportsonline.com/r/insur… (https://www.gisreportsonline.com/r/insurance/)
https://nitter.moomoo.me/balajis/status/1642743828556963841#m
**RT @balajis:**
On the topic of insurance...you know all those "safe" assets that insurers hold to pay you back? A lot of that is in Fed-devalued bonds too.
gisreportsonline.com/r/insur… (https://www.gisreportsonline.com/r/insurance/)
https://nitter.moomoo.me/balajis/status/1642742059483410433#m
Everything is bust.
Banks, commercial real estate, blue states.
Hearing rumblings around insurance too.
The printing will be on a historical scale.
As will the desire to exit the printing.
archive.is/Tz5YG#selection-2… (https://archive.is/Tz5YG#selection-254.0-252.2)
nitter.moomoo.me/DavidSacks/status/1642679220542504961#m (https://nitter.moomoo.me/DavidSacks/status/1642679220542504961#m)
https://nitter.moomoo.me/balajis/status/1642741352671887360#m
**RT @DavidSacks:**
Update: “The balance-sheet risks for mismanaged states and municipalities have been hiding in plain sight just as they were at Silicon Valley Bank.”
apple.news/AUa4aTaoaSm6yaA4p… (https://apple.news/AUa4aTaoaSm6yaA4pHZW_vw)
https://nitter.moomoo.me/DavidSacks/status/1642679220542504961#m
**Response to @balajis:**
If the only scenarios we have for the future are negative then those will exert a subconscious pull on the imagination.
It’s because something beats nothing.
Any highly realized concrete vision of the future suggests …
https://nitter.moomoo.me/balajis/status/1630531788102840321#m