Yon brings the warm fuzzies.
Michael Yon
@Michael_Yon
Diesel Crisis —-Food Crisis
Famines are coming. Massive migrations will occur. Our borders will be overrun because we are under attack from within, and HOP: Human Osmotic Pressure.
A “global reset” is in full swing. A global ge…
— See more on GETTR gettr.com/post/p10kib8ce…
https://twitter.com/Michael_Yon/status/1504663776091590670
https://www.gettr.com/post/p10kib8ce03
12 Steps.
No, there's going to be atrade off by removing US$ as the SOLE Reserve Currency, where there may be moar, But the thing is this, and it's Most, most critical. It will be competing against others for efficiency in delivery of goods. That hasn't happened since the 1920s, and perhaps not even then.
\Gonna be lit.
Return OF Principal over Return ON Principal.
Pretty basic chit. All markets are based on the concept of "Acting In Good Faith". Adam Smith's seminal "Wealth of Nations was actually a Response to some wag retorting to his first book, The Theory Of Moral Sentiments.
Oh, sauce: https://www.adamsmith.org/the-theory-of-moral-sentiments
If you want three books of the best of economic theory at it's basest form. Both of Smith's, and David Ricardo's entire work:
https://www.goodreads.com/book/show/318042.The_Works_of_David_Ricardo
Focus on Ricardian Equivalence, and you'll get it all about his brilliance, and how it fed the Austrian School.
Russia had dumped its dollar assets years ago. Ketchup.