A Global Currency is supposed to measure out 100% of what goes through the global supply chains. That is the whole point of SWIFT as far as USD.
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#krisonomics
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#krisonomics
If a Global Currency no longer counts 100% of all trade flows, then supply chains are breaking down.
Now, a great portion of "trade" is for financial engineering flows, outside the real economy.
USD is being used less for the real trade and more for financial engineering.
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Now, a great portion of "trade" is for financial engineering flows, outside the real economy.
USD is being used less for the real trade and more for financial engineering.
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There is no imminent or future replacement in sight for USD to do the job of global currency, hence supply chains are breaking down, due to lack of solid numeraire, that USD used to be.
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People confuse the concept of TIME, actually they don't even think now that TIME matters, due to Videogames.
Most people think that if USD collapses, then another currency will INSTANTLY replace it.
Humans don't function like that.
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Most people think that if USD collapses, then another currency will INSTANTLY replace it.
Humans don't function like that.
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Folks, stop thinking like Videogames.
TIME burdens us all.
If USD collapses, there is a PROCESS to find another global currency which could last years or decades, through which misery and poverty would spread globally.
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TIME burdens us all.
If USD collapses, there is a PROCESS to find another global currency which could last years or decades, through which misery and poverty would spread globally.
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So, anybody wishing for DEATH OF USD, be careful what you wish for.
You are wishing for World War III.
END
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#krisonomics
You are wishing for World War III.
END
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#krisonomics
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