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Implications of Dollar Milkshake Theory on the Death of the US Dollar
The chapter explores the potential consequences of the dollar milkshake theory on the decline of the US dollar as the global reserve currency, including the scenario of countries shifting away from the dollar and the implications of foreign central banks selling off US assets. It discusses the risks associated with the current system architecture, the potential for hyperinflation, and strategies to defend against this risk. The conversation also delves into the concept of Triven's trilemma, the flaws in the fiat monetary system, and the disruptive potential of Bitcoin as an alternative.