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0 sats \ 0 replies \ @Undisciplined 2 Nov 2023 \ parent \ on: _Broken Money_ book club, part 3 bitcoin
It won't necessarily be something directly related to US monetary policy. The phrase "gradually, then suddenly" always comes to mind when people bring up this topic.
The dollar's market share has been declining, as has confidence in it. We see major dollar holders taking steps towards being less dependent (codependent?) on it.
At some point it will be less painful to abandon the dollar than it is to hold it and things will spiral rapidly.