zer0nym on Nostr: Ouch. nostr:note17dr742nydsk7ntu2ljehr295ap797frz6gzt5zeqvvs6pcmplzps2lepkc

quoting note17dr…epkc

BRICS countries have twice the population as dollar-obligate countries. Once they establish their currency based on proportional contributions of each member’s currencies, and are able to make loans denominated in that currency, then debt denominated in dollars will lose all that luster that you find alluring. We’re already well down the road toward that point where treasury notes held by foreign entireties will be dumped, and the corporate debt accounting for the 40% of the value of the S+P owned by foreign governments and business will be sold off. The fact that “everybody uses the dollar” is an observation, not an appreciation of the the world’s trajectory.

Inflation resulting from the “printing” of 2 trillion over the last three years is a drop in the bucket compared to the potential inflation that may result from the devaluation of the 45 trillion dollar bond market.