8 reactions
Just something to keep in mind as I'm seeing a LOT of misinfo recently: Most people suggesting USD reserve currency status is in jeopardy, or any shade of collapsing / falling apart are groups who are trying to profit from this.
I'm posting this since I've been seeing an increasing chorus of junk analysis suggesting that the US dollar is in decline, or collapsing, or that the USA is going to lose reserve currency status any time soon.
You don't have to be a us dollar bull to realize that there are a LOT of vested interests out there spreading this narrative in an attempt to profiteer off it. I don't know if this is at all coordinated, but there is 100% a new wave of either misinformation spreading, or people who are probably uninformed regurgitating talking points from misinformation sources (looking at you Fareed Zakaria).
Most of what I've seen is coming from bitcoin bros, tech accelerationists, or Russia / China aligned sources. Not to say that's all there is, but when it comes to amplifying a narrative, I think that is a big core of this.
And just to reiterate, you don't have to be bullish on the US dollar to recognize that it's not about to collapse and that there is a LOT of misinfo purposely trying to sell a narrative here.
Note when looking at anything on social media that a lot of this type of analysis starts with some type of embedded assumption that the US Dollar is collapsing. You often don't even see any viewpoints on that, it's just written as if it's some type of foregone conclusion.
I'm posting this since I've been seeing an increasing chorus of junk analysis suggesting that the US dollar is in decline, or collapsing, or that the USA is going to lose reserve currency status any time soon.
You don't have to be a us dollar bull to realize that there are a LOT of vested interests out there spreading this narrative in an attempt to profiteer off it. I don't know if this is at all coordinated, but there is 100% a new wave of either misinformation spreading, or people who are probably uninformed regurgitating talking points from misinformation sources (looking at you Fareed Zakaria).
Most of what I've seen is coming from bitcoin bros, tech accelerationists, or Russia / China aligned sources. Not to say that's all there is, but when it comes to amplifying a narrative, I think that is a big core of this.
And just to reiterate, you don't have to be bullish on the US dollar to recognize that it's not about to collapse and that there is a LOT of misinfo purposely trying to sell a narrative here.
Note when looking at anything on social media that a lot of this type of analysis starts with some type of embedded assumption that the US Dollar is collapsing. You often don't even see any viewpoints on that, it's just written as if it's some type of foregone conclusion.
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