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Credit Suisse: We Are Witnessing A New Monetary Order Emerging


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Poor monetary and fiscal choices have led us here….

It’s no secret that the U.S. Dollar has lost over 94% of its value since 1954, and the downward trend seems to be accelerating due to continued rampant money printing and inflation.

Cryptocurrencies are by and large seen as the far superior option to fiat money systems, and in my opinion is an absolute necessity if we aim to lessen the power of the state.

According to recent reports, banking giant Credit Suisse believes that we are witnessing the birth of a completely new monetary order.

Let’s take a look at these claims:

According to ProCoin News one Credit Suisse strategist believes:

The strategist says that what we are seeing now is higher rates of inflation and a commodity crisis that would ultimately weaken the dollar.

Pozsar breaks down the different monetary eras into Bretton Woods I, Bretton Woods, and Bretton Woods III.

The initial Bretton Woods era was essentially backed by gold until the start of the Bretton Woods II era where it was backed by paper fiat dollars.

 

Forbes continues with the strategist’s words:

“When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities,” Pozsar wrote.

“After this war is over, ‘money’ will never be the same again…and bitcoin (if it still exists then) will probably benefit from all this.”



 

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