As forecast - Boom Goes Dollar Hegemony (Patreon)
Content
Iraq is moving away from Dollar to Digital Yuan. This was expected and big news.
Dollar hegemony is the dominance of the US dollar in international trade, finance, and economics. The US dollar is currently the world's primary reserve currency, meaning that it is held in significant amounts by many countries' central banks as a form of global financial stability and method for global trade. eg Oil etc
Now the US has made many enemies eg Middle East, Russia, China, and those countries who align with those regions.
Add to this the fact that many countries are dropping US Treasuries - and some are going off the Dollar / IMF reservation eg El Salvador - things are going to change.
- Less demand for dollar plus less reliance on dollar will reduce demand for the dollar which will weaken the dollar.
- As china grows, a new giant will emerge eg Yuan - the dollar will weaken esp China are aligned with countries that are strong in natural resources
- Future power will come from hard assets and commodities eg Oil, Gold, Bitcoin, Copper, Silver.....
Then finally - Crypto will disrupt traditional payment systems one day!!!
Conclusion: the gig is up for perpetually inflating FIAT currencies - when this happens is the Q.