Printing ......Printing............40% USD printed in just last 1 year.......
I thought Obama had a poor legacy of the great financial recession 2008 and had gone to deficit of 500bn and then Trump had his own unique ways of doing things and pushed the US deficit to $800, but it seems the Biden Administration is no mood to stop the spending.
We are currently into a globalization trend where the US keeps on printing USD and the India/China of the world keeps on serving and providing goods in exchange for these USD.
What kind of strange system is this?
This is pure nonsense for the India/China of the world to buy more USD.
But guess what, still 60% of world reserves are in USD
Are things changing
- BTC getting legitimacy
- China has already called on the US blackmail and so will India, sooner or later
- USD share in the reserves will decrease
Will this change be fast enough?
It depends on what Biden does but it any signal will lead to sudden bursting of the bubble and depreciation of USD
Key Triggers to watch for
- China / India to look for other currencies
- Digital Yuan acceptability
- Sudden increase in gold prices or commodities
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