The below is a direct excerpt of Marty’s Bent Issue #1174: “Trust is being repriced in real time.” Sign up for the newsletter here.
What a time to be alive. The world is currently witnessing the global markets reprice trust in real time. Trust is a key ingredient in stable and peaceful economic activity. When trust is loss it leads to increased friction in economic activity. When the United States decides to freeze and seize money held in reserve accounts by countries they do not like it makes it so those countries cannot trust the United States to custody their money. Even worse, it allows doubt to begin to creep into the minds of other countries who are looking on from the sidelines. “If they can do that to them, they can do it to us. What’s stopping them from doing it to us?”
This is a line of questioning that is leading to the death of the US Dollar as the reserve currency of the world. There is no turning back from this. Trust has been lost and it won’t be coming back. Especially when one takes a critical look at how the dollar system has been managed since the Great Financial…
