The dollar is not going away anytime soon. Just the trillions of debt that have to be paid in dollars will keep the demand for dollars high for a very long time
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De-dollarization isn't de-USD-ization, it's de-UST-ization.
Less demand to hold Treasuries -> Fed has to print to fund USG -> those who owe dollars are able to pick them up cheaply.
Take on all the fixed interest debt you can possibly serve
There's risks to that too
That’s what we do: taking risks
This is the economic argument. The fiat maxis and cantillionaires all operate by this.
Knowing that USD, Shekels. Yuan, Euro finance genocides, and war, is it ethical to take out fiat debt?
If I use it to buy bitcoin so blackrock can’t get it?
🤝