mcmastersteve on Nostr: I'm genuinely curious to see how all this plays out. Watching the new powerhouse ...

I'm genuinely curious to see how all this plays out. Watching the new powerhouse overthrow the old powerhouse is a once in a century or two historical observation. China began the real selling of US treasuries yesterday. Remember while both countries have passed the rather ridiculous level of 100% tariffs, that's 43% of global trade. Every country will have to decide carefully which side they pick.
Amid this fiat carnage, gold soared to a fresh record high as algos slowly but surely realize that if the dollar is no longer the world's reserve currency, and every other fiat currency is worse than the dollar, then... yeah.