Discover and read the best of Twitter Threads about #newdollars
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@aloysius1271 @MorganStanley @TicTocTick @realwillmeade @CordovaTrades @koko_vivian @realDonaldTrump @federalreserve That used to be the Fed’s job. When it married @USTreasury & @Blackrock & became the #Fedsury, the new job is actually much more radical:
- create the conditions for the #NewDollar;
- launch the new dollar;
- reprice everything in the new dollar;
- get the 🌎 to buy this new $$
- create the conditions for the #NewDollar;
- launch the new dollar;
- reprice everything in the new dollar;
- get the 🌎 to buy this new $$
@aloysius1271 @MorganStanley @TicTocTick @realwillmeade @CordovaTrades @koko_vivian @realDonaldTrump @federalreserve @USTreasury @blackrock Buying up Treasuries & corporate debt & other financial instruments is exactly what one would expect from a bank that wants to *increase* the market’s reliance on the dollar.
Even though it inevitably (& very MATERIALLY) weakens the ... dollar.
federalreserve.gov/publications/f…
Even though it inevitably (& very MATERIALLY) weakens the ... dollar.
federalreserve.gov/publications/f…
@aloysius1271 @MorganStanley @TicTocTick @realwillmeade @CordovaTrades @koko_vivian @realDonaldTrump @federalreserve @USTreasury @blackrock The *only* way to reconcile these competing outcomes ( 1. even deeper penetration of the dollar into every nook of the global economy; 2. a weakening dollar caused by inflation) is ... a renomination process of some type, where, say 10 “old” 2020 $USD is worth 1 “new” 2021 dollar
