34T in debt and the quintillion of derivatives, the values of all contracts and the currency in nostro vostro accounts all over the world the US doesn’t have enough reserves of anything to cover it all to peg the US dollar to. Vivek’s statement sounds good but it’s a fallacy. This is what the push by the world banks is for the CBDC.
Could ne and that's not a bad thing but the money's already finished. I keep u.s. dollars for as short a period as possible. Won't convert anything I have back to fiat.
34T in debt and the quintillion of derivatives, the values of all contracts and the currency in nostro vostro accounts all over the world the US doesn’t have enough reserves of anything to cover it all to peg the US dollar to. Vivek’s statement sounds good but it’s a fallacy. This is what the push by the world banks is for the CBDC.
I think this is about getting the conservation out there.
Could ne and that's not a bad thing but the money's already finished. I keep u.s. dollars for as short a period as possible. Won't convert anything I have back to fiat.
I agree. I am paying off debts and converting a lot of my cash into a business venture.