Gold historically was the underlying monetary system until recently. Modern tech is by far, more important than gold now, and isn’t essential currently for a reserve system, as tech is much more important to underpin an economic system. Institutions and govts will take tech over gold now .

My opinion is that should the US dollar fail, or lose in a global conflict, there is a possible competitor to the dollar, but that this isn’t enough to supplant the dollar as the global reserve currency. At least not within the next decade, which is what matters to most reading this. The BRICS system doesn’t have the unique economic requirement,... See more

So as long as the govt is running deficits that it has to monetize in order to pay for, inflation will continue at much higher rates.

Which means we’re going to have high interest rates, but higher inflation, negative real yields, but higher nominal yields and will print the difference.

While deficits of $1T+ per year, with debt repayments of nearly $1T themselves, people think this is unsustainable short term and will combust. I disagree, there is atleast a 5-10 year runway without the existential crisis, however as I said in TechDollar 1, it will get worse every year, the money printing will exacerbate all the issues internally... See more

The delta between the value of the modern tech infrastructure, and the price they are selling their products at, the USD will remain supreme until this ends. To think of it another way, ask someone how much you would need to pay them to not use a modern smartphone/iPhone. Or ask a business how much they would have to be paid to not use modern... See more

As long as this exists, and the tech infrastructure is priced and sold in USD, the USD remains supreme worldwide. This is what is actually still underpinning western global dominance and enabling American power. Not any other reason most people espouse.

With the rise of the amount of money that these tech giants are making, and the international nature that they are now able to operate at, the one risk that i’ve only seen myself talk about is the rise of corporate sovereignty.

This hasn’t really been a major issue really since the East India trading company. However with how big and how much power... See more

Reserve currency status commands many benefits to the holder, which is why it is the ultimate prize of the international system, and the most exalted status within it. In modern times, it allows the issuer of the reserve currency to extract tribute from those subservient without having to use overt force.