Good morning. Also interesting this morning in AFR: https://www.copyright link/world/north-america/catastrophic-conflict-from-us-debt-blowout-20190910-p52pr6
Headline: 'Catastrophic' conflict from US debt blowout /
Washington | The fast-deteriorating record of debt, deficits and inequality in Donald Trump's United States is creating an unprecedented policy challenge that left unattended will "profoundly shake" the very core of the country's financial, political and social fabric, says Australia's diplomatic envoy to New York.
Two third of global reserves are in US dollar! Will these two third (Asia-Pacific, Middle East and so on) still trust in the US dollar in future?) As I said before I strongly doubt. I have no idea about the crypto currencies for the moment. But in the consequence I assume the reserves will be Gold, crypto currencies, Japan Yen (?), Euro (no way!!!!), Swiss franc and may be commodity related currencies AUD, CAD, NOK. Chinese RMB? Who will trust them?
Upside Down World, page-16
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