techfeudalist on Nostr: ๐This thread shows the damage the USD reserve currency system has caused to the ...
https://xcancel.com/LukeGromen/status/1857862004662325730#m๐This thread shows the damage the USD reserve currency system has caused to the ๐บ๐ธ. To maintain the reserve currency stays, the USA is forced to maintain high trade deficits - moving factories overseas, and creating wealth disparities in the ๐บ๐ธ. China and others then recycle those dollars into the stock market. This gives ownership of these assets to foreign holders.
One of the reasons I prefer Lutnick for Treasury Secretary is that, as a bitcoiner, he should recognize the need to kill the USD reserve currency system to benefit the ๐บ๐ธ.
The old system is dead. The question now is how quickly they rip off the bandaid.
Published at
2024-11-18 03:11:13Event JSON
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"content": "https://xcancel.com/LukeGromen/status/1857862004662325730#m\n\n๐This thread shows the damage the USD reserve currency system has caused to the ๐บ๐ธ. To maintain the reserve currency stays, the USA is forced to maintain high trade deficits - moving factories overseas, and creating wealth disparities in the ๐บ๐ธ. China and others then recycle those dollars into the stock market. This gives ownership of these assets to foreign holders. \n\nOne of the reasons I prefer Lutnick for Treasury Secretary is that, as a bitcoiner, he should recognize the need to kill the USD reserve currency system to benefit the ๐บ๐ธ. \n\nThe old system is dead. The question now is how quickly they rip off the bandaid.",
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