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117 sats \ 13 replies \ @grayruby 9 Apr \ parent \ on: Trump announces 90-day pause on ‘reciprocal’ tariffs with exception of China econ
Force them to the table.
Bitcoin Bretton Woods imminent
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I don't think it's about Bitcoin dude.... It's about trade negotiations, which is really currency negotiations to bring back manufacturing jobs and sell 100-year bonds
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They've spoken openly about the Triffin Dilemma and Dollar Dutch Disease
Bessent has said a new Bretton Woods is due
The admin is full of bitcoiners
"Golden Age" is comms
The currency problem cannot be solved without a free float neutral reserve
Just because you can't think strategically more than 5 minutes out doesn't mean the people in charge of the largest economy aren't executing an O-Plan. Details of course unknown, but the directional signaling is obvious.
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I mean maybe they are planning on making Bitcoin the global, neutral reserve.
But I thought Trump wanted the dollar to remain the global reserve currency?
He said he would tariff any country 100% that tried to get off the Dollar...
So he's just going to allow an alternative even if it's neutral to take over? If countries can just 'buy Bitcoin' why buy Treasuries? How does the US finance its debt?
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Strong dollar policy means the US gets to dictate currency rules, every currency is based on its dollar exchange rate because the US economy is the only one that matters. Other countries either get on board with the plan, or they become the market equivalent of North Korea.
Dollar can remain the unit of account, but how foreigners get dollars is going to change. Tariffs slow dollar exports until something permanent is in place.
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Something permanent?
I don't understand. I thought the accords are about weakening the dollar?
And the deficit is 2 trillion dollars a year. Force other countries to 'get on board'... and they just stop buying US bonds. They buy Bunds or Swiss Francs or Gold or Yen.
What am I missing?