https://www.zerohedge.com/markets/china-readying-gold-backed-yuan
So they ship gold in after becoming the first major economy to come up an official digital currency?
On top of that, Two weeks ago, The IMF reported that the global share of US-dollar-denominated exchange reserves dropped to 59.0% in the fourth quarter, according to the IMF’s COFER data released today. This matched the 25-year low of 1995.
To me the dollar dominoes fall in this order:
Concealed inflation (happening right now), hyper inflation, loss of reserve currency status, total collapse/
Only time will tell...
UPDATE 10/1/21
Granted, the whole world is experiencing some sort of inflation because of the pandemic but it's worth noting that the US inflation was at its highest since 1991.
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