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Assets like gold and stocks are being re-patriated back into the US, which puts short-term stress on the dollar, the flow reduction of dollars out from tariffs hasn't begun yet... its once those dollar exports slow down that the dollar "milkshake" can crush other fiats
A few countries like Vietnam that have a big share of their economy based on US exports and high reciprocal tariffs are the real canary:
This all plays into the inevitability of a new Bretton Woods of sorts with Bitcoin and Stablecoins
My DXY calls are JUN-20 dated, going to be down to the wire...