@mysticstmp
🔹 Nixon ended the gold backing for every dollar issued, but the FED remained independent
🔹 Today, if the FED is politicized, there would be no "anchor of monetary discipline" left
🔹 The The dollar's hegemony as a global currency could end.
The possible outcome⁉️
- Falls in US bonds due to distrust in the debt of EE.UU
- Flight to hard assets like #Bitcoin or gold
- Structural deterioration of the dollar as a store of value
📍If the rate is effectively cut by 3% as Trump wants, the fall of the dollar is assured.
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