If you follow the financial markets or better yet if you are a trader, you have been seeing the death of the US dollar strengthening with no end in sight.
IMO, our "enemies" and "allies" are partaking in a coordinated attack on the dollar every single day.
I believe the war in Ukraine had a dual strategy. On one hand to rid Ukraine of AZOV filth and their proxies and on the other hand, to destroy the US dollar.
The Russians knew the American goyvernment would immediately begin printing hordes of dollars to "support" the Ukrainians and by "support" I mean commit fraud against the American people. They knew the goys and their masters in government wouldn't be able to help themselves.
So far, even as the Federal Reserve continues to "cut" and raise rates, congress continues to spend. No one out there wants dollars anymore.
What else happened recently? The Saudis opened the door to accepting currency other than US dollars. The sharks smell blood in the water.
Japan is dumping dollars in intervals and they hold the largest reserves outside of the US.
China and Russia are both hording gold like it's the end of the world while China dumps dollars onto the market.
This imo has been a decades long plan and all these countries hate the US even if they did business with us. And now they are hammering away piece by piece.
Don't forget, BRICS nations is littered with countries that hate the United States for what our government has done to them over the last 50 years.
And don't think Europe is on our side either. Europeans don't give two shits what happens to the US.
The dollar is dying rapidly and our nation is degenerating just as fast internally.
lmao shorting SPX are ya
Heck no, I don't do crypto. It's all silver I can hold in my hands.
SPX is the S&P 500. No crypto there!
Crypto and PMs both have their place.
Cryptos are a lot harder to fake, have proof baked in, and can be sent across the world for fractions of a cent. But there are a bunch of coins with no real use running pump&dumps and there are just too many blatant scams in the space. I think the collapse will kill off many crypto coins.
PMs have a real tangible value that you can physically hold along with several use-cases. But they can be faked (but can be verified at a "reasonable" cost) and you can't send them across the world without paying a prohibitively expensive cost.
SPX isn't crypto lol but I see what you are saying. Well done.