Chapter
The End of USD as Global Reserve Currency?
55:32 - 1:03:14 (07:42)
The US dollar could start to trade more like a risk asset instead of a risk-free asset, and large economic trading models could be done in non-dollar denominated form. This could weaken the reserve status of the dollar, leading to the end of the US dollar as the global de facto reserve currency.
Clips
Inflation, which people expect to fall off a cliff, won't fall off a cliff as fast or as meaningfully as people want.
55:32 - 57:06 (01:34)
Summary
Inflation, which people expect to fall off a cliff, won't fall off a cliff as fast or as meaningfully as people want. The pendulum is swinging markedly away from capital and towards labor due to the trend around unionization, the number of states increasing the minimum wage, and Biden using an 1800s-era law to prevent a railroad strike.
ChapterThe End of USD as Global Reserve Currency?
EpisodeE110: 2023 Bestie Predictions!
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US dollar may start to trade as a risk asset instead of a risk-free asset, beginning the end of the currency as the global reserve currency.
57:06 - 59:27 (02:20)
Summary
The US dollar may start to trade as a risk asset instead of a risk-free asset, beginning the end of the currency as the global reserve currency. Despite high consumer debt, layoffs, and increased supply, the speaker believes that wage inflation will keep inflation from decreasing as much as predicted.
ChapterThe End of USD as Global Reserve Currency?
EpisodeE110: 2023 Bestie Predictions!
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
Two speakers discuss the potential weakening of the reserve status of the dollar as large economic trading models start to be done in non-dollar denominated form, causing the dollar to trade more like a risk asset, and debate the impact of American exceptionalism vs. self-sabotage of other nations.
59:27 - 1:00:56 (01:29)
Summary
Two speakers discuss the potential weakening of the reserve status of the dollar as large economic trading models start to be done in non-dollar denominated form, causing the dollar to trade more like a risk asset, and debate the impact of American exceptionalism vs. self-sabotage of other nations.
ChapterThe End of USD as Global Reserve Currency?
EpisodeE110: 2023 Bestie Predictions!
PodcastAll-In with Chamath, Jason, Sacks & Friedberg
The US is considering sending armored vehicles to Ukraine, something it had previously avoided, in response to Russia's military posturing.
1:00:56 - 1:03:14 (02:18)
Summary
The US is considering sending armored vehicles to Ukraine, something it had previously avoided, in response to Russia's military posturing. The superiority of American weapons in Ukraine has been one of the major surprises of the war, demonstrating American exceptionalism and its support for freedom.