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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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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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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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.
/3
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
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
nature.com/articles/d4158…
#ClimateChange #UnitedNations #pledges #mitigation #consequences
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
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?
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?
“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
