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Titanium Rain
Zeihan on Geopolitics
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Comments by "Titanium Rain" (@ChucksSEADnDEAD) on "The Truth About De-dollarization and What You Need to Know || Peter Zeihan" video.
@60degreelobwedge82 the economies were shot in 2020, the Ukraine thing isn't that big of a deal
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@Jeremy-WC It will have to be a fiat currency or else it's dead in the water. Hard currencies can't keep up with economic growth.
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@AB-jw3mz How much longer? I've waited and waited.
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There's not enough gold in the world.
2
@jhpjhun It was kind of astronomical. You had to see the writing on the wall when all the prices burst at the seams and the companies started saying "ah dude, the war..." as their excuse when the sanctions hadn't even really kicked off.
1
Gold can't back an economy, this is 19th century tier.
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@Soildus Whenever countries need to use something else, they do. That's why the Dollar isn't 100% of transactions. But for most cases? It's just simpler. As Zeihan mentioned in prior videos other countries don't want to take the hit of their currency fluctuating based on international trade. China likes their capital controls, otherwise capital flight happens.
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@Soildus Gold backing doesn't work. 19th century thinking.
1