Just the fact that JPMC is now admitting this is a big step.
"De-dollarization has increasingly become a substantive topic of discussion among investors, corporates and market participants more broadly."
As the US deglobalizes, the globe dedollarizes.
jpmorgan.com/insights/global…
9
10
80
13,371
Yes, but no manufacturing economy can be realistically stood up in time to replace the sheer consumption that money-printing enables.
Example: to make $1T, you can (a) print or (b) sell $1000 phones to 1B people. Obviously, the former is far easier.
Have you read Miran’s piece tying reserve currency to trade and national security? It helps frame this recent trend in dollar depreciation.
10
5
100
65,009
Stablecoins do offset. They can extend lifespan.
It's possible that most local fiats collapse against USD, while USD then collapses against BTC.
Like most local papers collapsing against NYT, and NYT then collapsing against social media.
x.com/FloB_Safe/status/19486…
29
28
224
56,006
Going up, before finally going down….
Jul 25, 2025 · 10:53 AM UTC
1
76