As I’ve been predicting, dedollarization is reaching epoch defining levels.
China & Russia (+ Iran) are prepping rollout of Gold backed currencies and a Gold-backed stablecoin.
This will crash the ersatz US Dollar and any hope of propping up any USD stablecoins.
The US
As I’ve been predicting, dedollarization is reaching epoch defining levels. China & Russia (+ Iran) are prepping rollout of Gold backed currencies and a Gold-backed stablecoin. This will crash the ersatz US Dollar and any hope of propping up any USD stablecoins. The US
Santiago Capital
@SantiagoAuFund
·
2h
Coming up on the 2 year anniversary of this one...
Santiago Capital
@SantiagoAuFund
·
Jul 10, 2023
To clarify my skepticism of the “proposed” BRICS currency. It’s not bc of the gold component. It’s bc of the Gov component. Gold is going to go to $5k. Probably higher. But it will be bc Govs do something stupid and fail.... See more
@SantiagoAuFund
·
2h
Coming up on the 2 year anniversary of this one...
Santiago Capital
@SantiagoAuFund
·
Jul 10, 2023
To clarify my skepticism of the “proposed” BRICS currency. It’s not bc of the gold component. It’s bc of the Gov component. Gold is going to go to $5k. Probably higher. But it will be bc Govs do something stupid and fail.... See more
x.com • Home / X - https://x.com/home
About 75 percent of the world’s population, more than 60 percent of global GDP, and around 50 percent of all billionaires are neither Chinese nor American. Those two superpowers may well fight, but it’s not obvious if the rest of the world will want to align with either party. Indeed, with the rise of decentralized protocols, we anticipate that man... See more
Parag Khanna • Great Protocol Politics
a sovereign nation—Russia, perhaps, or China—whose monetary system is threatened by bitcoin, or a consortium of multinational banks seeking to protect their monopoly on the payment system.
Paul Vigna , Michael J. Casey • The Age of Cryptocurrency
"It’s difficult to overstate the magnitude of this market expansionary effect. For the first time in modern human history, people will have the choice of storing their wealth in state-free money as opposed to their local fiat currency. Weak governments will collapse, causing mass migrations away from fiat currency."
Kyle Samani • $100 Trillion
The goal?
A weaker dollar to unlock a global liquidity boom.
Weaker dollar =
• Cheaper debt
• Higher risk appetite
• Surging EMs
• Rising crypto
• Exploding asset prices
It’s the start of a reflexive loop.
It’s a controlled global reset.
A weaker dollar to unlock a global liquidity boom.
Weaker dollar =
• Cheaper debt
• Higher risk appetite
• Surging EMs
• Rising crypto
• Exploding asset prices
It’s the start of a reflexive loop.
It’s a controlled global reset.