Here commenting from the South! LOL ; Sooo Brett says the rest of the world(foreign govts. I assume he's talkin abt) have built their reserves in US dollars, however, even thought that has been true, isn't also true that those reserves in US dollars have been gradually been dwindling by major central banks in the developed world, including China and Russia? That's what I've heard in the past 5 years. Is that true or not? And if that is the case, once a massive black swan hits the global economy - wherever it may come from - then I think the US dollar will no longer be that asset foreign governments will run to, because they are already holding onto something else to service their debt in their reserves, and to help their economies rebound back. I think this is a trend that is been taking place in replacing US dollars in Central banks' reserves with something else other than US Dollars. Coult that be Gold or BTC? Who knows?
Not sure that I have seen your opinion on the potential impact on the dollar from the U.S. administration embracing stable coins. Looks like it will end up being a extension of the euro dollar market. While governments try to move away from the dollar, their citizens may embrace it even more by holding stable coins. I’m certainly no crypto expert but if I lived in anywhere outside the western world I might have some. Also, did you catch the political shift in Japan? I think that may raise the prospects of a policy mistake in the future. See you in a couple weeks 🏝️.
Here commenting from the South! LOL ; Sooo Brett says the rest of the world(foreign govts. I assume he's talkin abt) have built their reserves in US dollars, however, even thought that has been true, isn't also true that those reserves in US dollars have been gradually been dwindling by major central banks in the developed world, including China and Russia? That's what I've heard in the past 5 years. Is that true or not? And if that is the case, once a massive black swan hits the global economy - wherever it may come from - then I think the US dollar will no longer be that asset foreign governments will run to, because they are already holding onto something else to service their debt in their reserves, and to help their economies rebound back. I think this is a trend that is been taking place in replacing US dollars in Central banks' reserves with something else other than US Dollars. Coult that be Gold or BTC? Who knows?
Not sure that I have seen your opinion on the potential impact on the dollar from the U.S. administration embracing stable coins. Looks like it will end up being a extension of the euro dollar market. While governments try to move away from the dollar, their citizens may embrace it even more by holding stable coins. I’m certainly no crypto expert but if I lived in anywhere outside the western world I might have some. Also, did you catch the political shift in Japan? I think that may raise the prospects of a policy mistake in the future. See you in a couple weeks 🏝️.
Correct!
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