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Michael Kao: Bank Bailout Allows The Fed To Tighten Even More
Forward Guidance
The Hardcore Bear Case on the Dollar
The dollar standard will fall within a matter of years and it will give way to the euro replacing it, the yuan replacing it, another IMF bank core, gold standard, Bitcoin standard, all that stuff. That narrative has a lot of challenges. To have a reserve currency, almost by definition, it has to, the country has to run a deficit. So China runs a surplus, but there's no assets for anyone else. It doesn't make a whole lot of sense. What about the softer dollar case? There simply is no other fiat that comes close to that adoption.
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