2min chapter

All-In with Chamath, Jason, Sacks & Friedberg cover image

E123: Trump indictment, de-dollarization, should VCs back Chinese AI? RIP Bob Lee

All-In with Chamath, Jason, Sacks & Friedberg

CHAPTER

The Importance of Foreign Currency Reserves

As far as I know we've never seized foreign currency reserves and excluded a country from swift Which is the banking system. We didn't think they were ill-gotten at the time that they were actually made and spent But we decided subsequently we're just going to seize those things. When you're running the kind of debt and deficits we have And you're making the us dollar less attractive You are running a risk.

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