De-dollarization is back in the spotlight, with JP Morgan sounding the alarm about the dollar's plunging share of official reserves.
— Peter St Onge, Ph.D. (@profstonge) May 17, 2024
These make up roughly a third of all dollars in existence -- if they were all sold overnight we'd see 40% inflation in the US. pic.twitter.com/33VyeNf3AV
2:50. But a dollar that's lost a third of its value since the 2008 crisis, and 90% of its value since Nixon, is never coming back meanwhile country is like China are watching like vultures biting their time as the dollar crawls slower and slower weighed down by trillion dollar deficits and a corrupt political system that competes to drain the treasury and hand the proceeds to activist sponsors we could fix it of course in a day pass a balance budget amendment put the FED back on gold or get rid of it all together unfortunately, if history is a guide, that will not happen without a crisis
