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The Dollar Demise Idea
Dollar decline idea is geo political. People are worried that their reserves are going to be seized by the us. We've seen that happen with russia and afghanistan. But if you look at the us from a pure commodities perspective, it's not in a bad place right? I mean, i have coal in my basement. So how does that aspect of it fit in with the dollar demise idea? Let's think about this step by step. My sense would be, yes, pecour dollar. If on the margin, the commodity market is starting to invoice things in currencies other than the us Dollar, i think that's something. This will have an implication on inflation. And