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Strategies & Market Trends : 2026 TeoTwawKi ... 2032 Darkest Interregnum
GLD 379.91+0.4%4:00 PM EST

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To: TobagoJack who wrote (185042)3/8/2022 10:56:30 PM
From: ggersh  Read Replies (1) of 217685
 
It's a brave new world that we awoke too 2 weeks ago

"This crisis is not like anything we've seen since President Nixon took the U.S. dollar off gold in 1971 -- the end of the era of commodity-based money. When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flip side, the renminbi much stronger, backed by a basket of commodities. From the Bretton Woods era backed by gold bullion to Bretton Woods II backed by inside money (Treasuries with un-hedgeable confiscation risks), to Bretton Woods III backed by outside money (gold bullion and other commodities).

"After this war is over, 'money' will never be the same again…and Bitcoin (if it still exists then) will probably benefit from all this."
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