165 sats \ 2 replies \ @south_korea_ln 4 Sep \ on: The US Dollar Collapse Is Happening Now econ
A bit sensationalist and doomsy (your worst fears are already happening) to my taste... some trends are a bit cherry-picked.
It would have been better to talk about the collapse of fiat rather than the collapse of the dollar to make his point. The dollar is doing fine compared to other fiat currencies (brics is nowhere to replace dollar-denominated global trade). And what about wages? If wages are automatically indexed to inflation (as is done in some countries), things are also more nuanced.
But still, the big picture is something to keep in mind. It was worth my watch.
I just try not to listen too often to simplistic views of something as complex as the world economy.
I hear you on most of those points. The big picture point is the one people need to get and I thought he made it reasonably well.
On your last point, there aren't really any alternatives. A thorough treatment would be well beyond human understanding, so we need focus our attention on what we hope are good proxies for the whole picture. One of the reasons I like Moss is that he often brings in trends that aren't exactly what everyone else seem to be looking at.
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Hear hear.
I like Lyn Alden for these kinds of nuanced macro analyses. But it wouldn't fit in a simple 15-minute video to get all her points across.
Just realized @lynaldencontact gave an AMA two years ago here: #64293. Would be nice to have her back some time...
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