Sunday, May 12, 2024 9:58:41 AM
Johnson thinks the dollar will be around for much longer than most of us think it will and he talks about that some in the video. He makes comments about what's money and gave the analogy that cigarettes were used as money in prison AND that when confidence in fiat money is lost ANYTHING can be used as money.
I would agree with him there, but the part of the story that he doesn't seem to get is that THE CENTRAL BANKS ARE HOARDING GOLD CURRENTLY, NOT DOLLARS, YEN, EUROS, OR YUAN. I'd like to hear what he says about that. Sure they play their devaluation games between countries to fuck their enemies when they have to, but what happens when the Top Dog is taken down? That changes the whole story IMO. Confidence lost in a country is the same as confidence lost in that country's fiat currency.
Johnson talks about the way the System works now, but what happens to the System when major changes are made to it? IMO that may be what's coming.
Ala, the next Bretton Woods.
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