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0 pointsanm895y ago0 comments

Our "exorbitant privelege" is not going to last forever. When the imf called. For a new Bretton woods moment last week, ending that system is what they were talking about.

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x87678r5y ago

Yeah check out where IMF headquarters is and who pays for it then tell me again that the IMF is going to let BTC take over from the dollar.

anm89OP5y ago

The IMF already doesn't have a say in this. The USA isn't going to have a say in it either if 30 year yields go down any further.

Also I'm not claiming that the BTC will take over the dollar, I'm saying dedollarization will occur in general. This isn't a particularly controversial opinion at this point in the finance world. The average CNBC guest is willing to admit this at this point.

x87678r5y ago

> I'm saying dedollarization will occur in general.

US Feds have gone overboard on tracking financial crime, but I really dont see people thinking Euro, Yuan or Yen is safer. Certainly non-CB cryptocurrencies are worthless as soon as sentiment turns.

> The average CNBC guest is willing to admit this at this point.

That really doesn't hold a lot of credibility with me though. :)

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x87678r5y ago

Yeah check out where IMF headquarters is and who pays for it then tell me again that the IMF is going to let BTC take over from the dollar.

anm89OP5y ago

The IMF already doesn't have a say in this. The USA isn't going to have a say in it either if 30 year yields go down any further.

x87678r5y ago

> I'm saying dedollarization will occur in general.

US Feds have gone overboard on tracking financial crime, but I really dont see people thinking Euro, Yuan or Yen is safer. Certainly non-CB cryptocurrencies are worthless as soon as sentiment turns.

> The average CNBC guest is willing to admit this at this point.

That really doesn't hold a lot of credibility with me though. :)

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j / k navigate · click thread line to collapse