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Balaji Srinivasan on his $1M bet, Financial Crisis 2.0, Digital Devaluation of USD, and What Comes Next

"Moment of Zen"

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Why Is the US Dollar No Longer the Reserve Currency?

Daliyo: In 2008, the US dollar was too big to fail. That is no longer the case in 2023. God help us if RMB is the alternative. The inflation of 2008 was exported to two different places, right? First, the inflation 2008 was export to the Arab Spring where the food prices, the Arab Spring basically here. And so what does that mean? Right now it means foreign banks.

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