RE: p2 from same blog22 Feb 2022 08:28
folio, not able to fully digest your post as at work, but i think youve got a few good points there. However, the conspiracy theorist in me thinks theres a bit more to it.
Russia and China have been building up their gold reserves for year. China launched to the world their digital currency at the Olympics (though there were Chinese already using/testing it). The reserve currency status has become a bit of a weight on the back of the US, and theyve also printed something like 30-40% 0f all $ in existance over the past 2 years. Are the US going to take this as an opportunity to replace the $ with their own digital currency and renege on their debts in a 'reset' of their financial system?