TLDR: The West has untenable economic policies Bad policies -> deficit financing -> inflation Net Exporters don't want to own inflationary USD Net Exporters want gold and BTC No marginal buyer on USD debt -> more inflation -> YCC $1mm BTC and $20k gold show full tweet
The West has untenable economic policies Bad policies -> deficit financing -> inflation Net Exporters don't want to own inflationary USD Net Exporters want gold and BTC No marginal buyer on USD debt -> more inflation -> YCC $1mm BTC and $20k gold