feld (feld@friedcheese.us)'s status on Tuesday, 18-Feb-2025 17:05:16 JST
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@pretentious7 @jonmsterling power, leverage.
It's also good for diversifying their national reserves.
Can be weaponized in various ways to tip a fragile economy as well. The dollar is losing its grip as the world reserve currency now that the Petrodollar is officially dead as of last summer. Timing is perfect if you want to sow chaos.
The currency wars are starting to heat up. Next couple decades will be interesting.