The End of One Era and the Beginning of Another

The difference between gold and dollars is starkly clear. Outside of james bon novels, gold cannot be immobilized at a distance. Dollars and dollar assets can. While not as dramatic as the nixon shock, the bide an sanction was just as genuine a default us. Treasuries in the post 19 71 arro were global, risk free assets used by friend and enemies alike to reliably store value. For now, that's gold, but even the former sceptic has some time for its digital analogue. Concluding, bick coin, if it still exists after the war, will probably benefit from all this. Back to n w here.

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