garyj on Nostr: Dollar is "failing upwards". That's the basis of all this. The last gasp of the ...

Dollar is "failing upwards". That's the basis of all this. The last gasp of the reserve currency as sovereigns etc scramble to find dollars to pay dollar loans that now require more dollars to service as rates rise. Oil rising is due to price caps which always end in shortages and price rises. Real rates are (temporarily) rising putting headwinds on gold and bitcoin. End of empire playing out as advertised.