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0 sats \ 3 replies \ @cryptocoin OP 8 Mar 2022 \ parent \ on: Credit Suisse report: "After this war, money will never be the same. #Bitcoin will benefit." bitcoin
Most bitcoin-relevant part of the message:
Do you see what I see?
Do you see inflation in the West written all over this like I do?
This crisis is not like anything we have seen since President Nixon took the U.S. dollar off gold in 1971 – the end of the era of commodity-based money.
When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities.
From the Bretton Woods era backed by gold bullion, to Bretton Woods II backed by inside money (Treasuries with un-hedgeable confiscation risks), to Bretton Woods III backed by outside money (gold bullion and other commodities).
After this war is over, “money” will never be the same again...
...and Bitcoin (if it still exists then) will probably benefit from all this
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0 sats \ 2 replies \ @cryptocoin OP 8 Mar 2022
I think they’re over-playing Renminbi.
Me too
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0 sats \ 1 reply \ @cryptocoin OP 8 Mar 2022
#Zoltan all pages. This is one he!! of a read. What is the world headed for?
[Images with key parts underlined]
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0 sats \ 0 replies \ @cryptocoin OP 8 Mar 2022
Bloomberg covers it:
Zoltan Pozsar on the Great Commodities Collateral Crunch in Funding Markets https://www.bloomberg.com/news/articles/2022-03-08/zoltan-pozsar-on-the-great-commodities-collateral-crunch-in-funding-markets
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