
131. Adventures in Late Stage Fiat: Russia with Lana Nagornaia
The Bitcoin Standard Podcast
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What's the Alternative for the Dollar?
Gold is a neutral and obvious choice here. The sanctions against russian gold are to make it clear that gold can also be vulnerable. Andanese and nigeria may also want to sell their oil for gold. There is a chance that more countries will start trying to sell other commodities for gold, now that the dollar is no longer seen as a super secure. Ascit the emergence of another world currency that could complete with it becomes much more dangerous for the dollar than ever.
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