The Capital
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The Capital

Goldman Sachs: US dollar reserve currency status at risk

By Christopher Attard on The Capital

Goldman warns USD Reserve Currency status at risk

“The resulting expanded balance sheets and vast money creation spurs debasement fears.” This creates “a greater likelihood that at some time in the future after economic activity has normalized, there will be incentives for central banks and governments to allow inflation to drift higher to reduce the accumulated debt burden.”

Ray Dalio reiterates fears for the US Dollar

“There’s a trade war, there’s a technology war, there’s a geopolitical war and there could be a capital war — that’s the reality.”

“If you say by law, don’t invest in China or even possibly withholding the payment of bonds that the United States owes payment on in China, these things are possibilities and they have big implications, such as for the value of the dollar because premarket investors are not used to having those things dictated by the government.”

“If we don’t work together to do the sound things, to be productive, to earn more than we spend, to build the stability of our currency and build a good balance sheet, we are going to decline,” he added.

Bitcoin balance on exchanges remains stable

Technically speaking

https://chrisoncrypto.com/blog/f/max-keiser-bitcoin-will-hit-28k-before-correcting
https://chrisoncrypto.com/services

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Chris on Crypto

Journalist-turned crypto-writer & analyst; forging the narrative, stacking sats.