The U.S., after suspending the redeemability of the dollar to gold, created the petrodollar system to sustain an artificial demand for its currency.
Now that such system is about to collapse because of what China and Russia are doing, the best move for the U.S. would be to load up in bitcoin and later on declare that the dollar as backed by Bitcoin. This should re-establish trust in the dollar and tie its currency with money actually tied with energy.
sillihuman / Florin Hilbay
npub1h9…u2y7q
2023-03-30 11:36:42
Author Public Key
npub1h9t8fmkn7w2t0ggvy5dcc4csgu2ahwfe773zuh8u5ygdkvwn9cdsuu2y7qPublished at
2023-03-30 11:36:42Event JSON
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"kind": 1,
"tags": [],
"content": "The U.S., after suspending the redeemability of the dollar to gold, created the petrodollar system to sustain an artificial demand for its currency. \n\nNow that such system is about to collapse because of what China and Russia are doing, the best move for the U.S. would be to load up in bitcoin and later on declare that the dollar as backed by Bitcoin. This should re-establish trust in the dollar and tie its currency with money actually tied with energy.",
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}