Discover and read the best of Twitter Threads about #ReserveCurrency

Most recents (4)

Trust in #Dollar #UST as a reserve currency eroding rapidly, with yields on #US10Y #US2Y et al. exploding before our very eyes.

Every principle of global economic stability & equality and functions underlying the original #BrettonWoods agreement is more or less long gone.

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Due to the #petrodollar underpinning 85%+ of our global financial system, and because its abandonment would cause a hard reset (and the strength of #American industrial #militarycomplex), #DXY still reigns as #reservecurrency.

But the trust component is rapidly diminishing.

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Obviously, I'm not predicting that we're going away from it as a reserve currency. Not deliberately, anyway.

But military might, a value derived from underlying commodities (RIP 1971), and trust (RIP 202X?) are historically the 3 musketeers keeping reserve currencies on top.

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Read 4 tweets
Daily Bookmarks to GAVNet 10/23/2021 greeneracresvaluenetwork.wordpress.com/2021/10/23/dai…
COVID vaccine makers brace for a variant worse than Delta

nature.com/articles/d4158…

#COVID19 #EscapeVariants #VaccineUpdates #timeliness
The broken $100-billion promise of climate finance — and how to fix it

nature.com/articles/d4158…

#ClimateChange #UnitedNations #pledges #mitigation #consequences
Read 8 tweets
Scorched earth crypto legislation through enforcement is likely the worse US regulatory policy error ever made. As cash becomes CBDC, we'll make any value transferable as a currency, to be denominated in fiat of user's choice, meaning fiat no longer needed
Fiat's primary draw is two-fold:
1) It cures the liquidity, fungibility and portable ailments that plagued direct physical barter, and
2) Countries only allow their national fiat to be used to pay their mandatory taxes.

#P2PEconomy addresses 1), leaving only 2 as a use for cash
Those skilled in arts of wealth maintenance, investment mgmt realize that fiat is the most expensive asset to hold. It's:
1) Taxed the highest
2) debased the most (inflation)
3) has the lowest returns
Why hold fiat cash when you can spend assets/commodities directly via VeDeFi?
Read 8 tweets
“China’s aim is to unseat the US $ to end US Primary of #ReserveCurrency, China & Russia have untold stocks of gold & China is adopting Blockchain...” @MD_Nalapat has studied China/US for 30 years, he has unique insight, his opinion makes you think pgurus.com/prof-m-d-nalap…
“Xi jinping wants countries to have a Dollar debt with China, when they can’t repay the debt he takes over the asset #BeltandRoad “ believes @MD_Nalapat
“RBI neeeds to build stocks of gold to stabilise the 🇮🇳 Rupee, RBI need to introduce a gold window- speculators are taking advantage and taking short positions with impunity” @MD_Nalapat at 16mins
Read 12 tweets

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