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MikeCristo8
@MikeCristo8
What macro investors don’t understand about the fiat currency collapse.
Is there will be no price discovery between the fiat dollar and a financial asset (stocks-bonds).
What I mean by the collapse of the dollar is you will go to the bank to make a “dollar” transaction and the bank will tell you we will no longer take your dollars.
Then what?
It is likely that BIG American banks will hold the BRICS unit as part of their foreign currency reserves.
You got the U.S. Treasury shadow bank that will see $100 trillion in foreign dollar reserves that is unwinding now.
These are dollar for oil reserves unwinding.
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No one understands the profound changes coming on Oct 22nd with the new BRICS global monetary order.
For the sake of humanity itself, The world is ready and must leave the United States and the dollar.
With Turkey and Iran for sure getting admitted into BRICS.
About 70% of the worlds population will be in BRICS.
All the nay sayers have a stake in the dollar not collapsing.
Too bad for them.
Source(s):
https://x.com/MikeCristo8/status/1844910377961964002
https://x.com/MikeCristo8/status/1844914287854354661
https://x.com/MikeCristo8/status/1845152736310067388
https://x.com/MikeCristo8/status/1845208747012129087
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