by Andy Hoffman, Miles Franklin:
For time immemorial governments have sought distractions from – and scapegoats for – their own failures; and nowhere is the record more clear than the long, sorry history of fiat currency regimes. Whether via coordinated actions or indirect consequences, the end result is always the same – as like trapped rats, governments will do anything to survive.
In the case of 21st century America, nearly a century of “superpower” status is nearing its end; principally due to abuse its “reserve currency status” – but equally so, the inevitable “catch-up” of the Eastern hemisphere on the global political and economic stages. Undoubtedly, the Chinese Yuan – or some version of it – will usurp the dollar’s hegemony, just as occurred to seemingly invincible Portuguese, Spanish, Dutch, French and British fiat currencies in prior centuries.
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