Derek on Nostr: “If foreigners no longer want them for trade, central bank reserves, private wealth ...

“If foreigners no longer want them for trade, central bank reserves, private wealth funds, and the official currency of about a dozen countries, all those dollars have nowhere to go but back to us in a flood like our country has never seen. This flood will compete for goods and services in the US against the dollars already here as decades of accumulated trade deficits come flooding back all at once.

At that point, hyperinflation will not be hyperbole.”

https://dailycaller.com/2023/03/30/opinion-the-ukraine-war-could-be-the-final-nail-in-the-dollars-coffin-ej-antoni-peter-st-onge/