Read_729 – BRICS, USD, and a Multipolar World [James Lavish]

“This very dominance is causing certain countries to seek a way to be less dependent on the USD and the UST. To extract themselves from the whims and needs of a central bank that lives a world away from their own economy. Yet still finds a way to dominate it.” — James Lavish
Today we take a ride through a twitter thread by James Lavish, exploring the major developments in the splintering of the world monetary and banking system. While the dollar remains dominant through sheer inertia, the trend is not looking good. How might this unfold and where may Bitcoin fit in to this new monetary landscape? Lavish takes us through a big picture view of the state of the world reserve.

Another recent read from James Lavish’s Newsletter, The Informationist:
The Trillion Dollar Coin, Genius or Joke [James Lavish]:
Guy’s Nostr Pubkey: npub1h8nk2346qezka5cpm8jjh3yl5j88pf4ly2ptu7s6uu55wcfqy0wq36rpev
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“Everyone thinks of changing the world, but no one thinks of changing himself.” — Leo Tolstoy
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