The collapse of the dollar is imminent because the collapse of the American empire is imminent. Once a great power loses hegemonic status, the loss of reserve currency status is inevitable. The dollar will stop being the global reserve currency as it loses its hegemonic status, and the past year has accelerated that trend dramatically. If you're China-pilled, buy some Chinese government bonds. Look into CNYB. The euro will do well (I'm assuming the yuan won't be The reserve currency because the CPC doesn't want that, so it'll be a basket and the euro will definitely be in it). Buy index funds. And yeah, honestly bitcoin might be a good hedge against the collapsing dollar. If you want to read about this collapse process, I really recommend The Long Twentieth Century .
Super weird, I think it's because it didn't have http:// in it maybe? I think I fixed the original link now. Anyway yeah the book is great, although his prediction of Japan as the next hegemon is obviously off the mark (and he later admits as such) as its very clearly China, but the mechanisms Arrighi describes are still entirely valid.
The collapse of the dollar is imminent because the collapse of the American empire is imminent. Once a great power loses hegemonic status, the loss of reserve currency status is inevitable. The dollar will stop being the global reserve currency as it loses its hegemonic status, and the past year has accelerated that trend dramatically. If you're China-pilled, buy some Chinese government bonds. Look into CNYB. The euro will do well (I'm assuming the yuan won't be The reserve currency because the CPC doesn't want that, so it'll be a basket and the euro will definitely be in it). Buy index funds. And yeah, honestly bitcoin might be a good hedge against the collapsing dollar. If you want to read about this collapse process, I really recommend The Long Twentieth Century .
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Super weird, I think it's because it didn't have http:// in it maybe? I think I fixed the original link now. Anyway yeah the book is great, although his prediction of Japan as the next hegemon is obviously off the mark (and he later admits as such) as its very clearly China, but the mechanisms Arrighi describes are still entirely valid.