Non Paywalled: https://archive.is/DA44F
Rumours of a “Mar-a-Lago accord”, which would manage the dollar’s value down while forcing global investors to discount and lock in lending to Washington, has produced shocked disbelief by other countries. But it is not just Mar-a-Lago: several policy proposals have surfaced recently that can fairly be grouped together as measures of financial nationalism.
Do they have any other choice? Fiat Money is such a demon!
But how they gonna make it look like they are MAGA and really are worried about the national interests......how come they think of national interests without taking care of individual interests?!
These include a tax on remittances, levies on foreign investment stakes by nations with policies Washington disapproves of, and the promotion of dollar-denominated stablecoins and looser bank leverage regulations. The last two would both incentivise flows into US government debt securities.
That's how it's gonna be!
While the US represents the biggest swing of the pendulum, other big economies have the same orientation away from letting finance flow freely.
Right! But not only big economies, smaller ones had done it more aggressively and paid the price. Case Study - Most of African and South American Economies.
Anyways, Bitcoiners need not worry a little bit about all of this stupidity. Just keep stacking, the death of fiat money is inevitable.