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crypticbird Profile picture
crypticbird
@crypticbird1
#bitcoin | @honeybadgerc
Apr 8, 2021 • 5 tweets • 2 min read
1/ game theory 101
US Central Bank has to resolve a dying economy with a hyperinflationary monetary policy (cf cryptohayes.medium.com/pumping-iron-a…)
Or risk international confidence via a sovereign default. 2/
China wants CNY to be the world's choice currency so it doesn't have to yield to US's monetary policy. BRI, and institutionalising CNY denominated debt - recall USD war debt funding that entrenched USD as the world reserve currency.