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21 sats \ 0 replies \ @elvismercury 25 Oct 2023
After reading part 3 of Broken Money, this whole calculus hits differently with me. The US interests desperately need Saudi Arabia to keep on going with the petrodollar -- the entire economy, as it is currently constituted, depends on it. What does that imply for how this plays out?
(Yeah, this is a preview of next week's book club.)
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44 sats \ 0 replies \ @Car 25 Oct 2023
"But now, directly after the Biden speech, Bitcoin – along with gold – is rallying against a backdrop of an aggressive selloff in long-end US Treasuries. This isn’t speculation as to an ETF being approved – this is Bitcoin discounting a future, very inflationary global world war situation."
🤔
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