If nothing else happens to correct our speeding towards financial mayhem and death, i can see it. But the $ is still held as world reserve currency, though severely reduced from its high of 90%, the death will be slow and painful.
Can't argue against the "slow" comment - given the pace so far (although it is speeding up dramatically post-covid)
Re: $ as a global reserve status, this is changing very rapidly. With BRICS aligning and Russia in the lead position (and don't forget India, whose people own a LOT of PMs) this financial collapse could happen at a moment's notice, and the $$ would be destroyed as many other countries jump onto the BRICS new system. (backed by commodities in the near future?)
Yeah, old players are forming new teams but the slow thing is my take on the frn hedge in the form of fed wallet. as far as i can tell, it's a done deal and was the impetus behind the rush toward vax passport/social credit.
If nothing else happens to correct our speeding towards financial mayhem and death, i can see it. But the $ is still held as world reserve currency, though severely reduced from its high of 90%, the death will be slow and painful.
Can't argue against the "slow" comment - given the pace so far (although it is speeding up dramatically post-covid)
Re: $ as a global reserve status, this is changing very rapidly. With BRICS aligning and Russia in the lead position (and don't forget India, whose people own a LOT of PMs) this financial collapse could happen at a moment's notice, and the $$ would be destroyed as many other countries jump onto the BRICS new system. (backed by commodities in the near future?)
Yeah, old players are forming new teams but the slow thing is my take on the frn hedge in the form of fed wallet. as far as i can tell, it's a done deal and was the impetus behind the rush toward vax passport/social credit.