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US is really all that matters since the dollar underpins every other capital market
US is fortunately already well on the way, NSA created Bitcoin for this very reason... the dollar Triffin Dilemma has cost the US it's national security. Bessent's plan to replace offshore dollar with stables is Act II.
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how bad do things need to get before the various govs of the world would come to that conclusion and start doing something other than can kicking?