Bitcoin hit $29,241 today as this banking collapse is ongoing. It is NOT over, more banks will fail. Now, for all the countries trading internationally in Yuan and other currencies, not the USD. This will destroy USD hedgemony. First, France traded LNG in Chinese Yuan, this week, click here to read more.
Then, Brazil and China agreed to trade internationally in Yuan and Reais, see this article below, click here to read more.
In addition to the above bombshell news, Saudi Arabia is now strengthening ties to China. This will likely result in Saudi Arabia eventually trading Oil in Yuan and Riyal. Again, this destroys USD hedgemony. Here is the headline:
Meanwhile, BRICS nations other than South Africa, have been massively increasing their Gold reserves to back the new BRICS reserve currency since 2008-2009:
Yet in the US, the short positions against Charles Schwab, are going parabolic!. Obviously, this points to a looming deflationary crash around the corner. Pensions are moving out the risk curve, and buying stock due to the crashing bond market. If Charles Schwab keeps falling, then BoA, Deutsche Bank, this could start the chain reaction deflationary crash. Here are the short positions against Charles Schwab:
The crashes we expect after the last round of bank failures will likely be caused by falling mortgage backed securities in this chart below:
Deutsche Bank, Charles Schwab, Bank of America are three we have heard that could fail at any time.
Keep in mind, as these banks fail, as rates keep raising. The monetary system is transitioning into something else. We keep writing blogs about the BRICS reserve currency. We hope this could be the bridge to Bitcoin being a more global currency decades from now. It’s scarcity, two halvings from now in 2029, or three halvings from now, in 2033 will motivate mass adoption. We know this. We know hyperinflation is coming. We know Bitcoin will be the winner when inflation eclipses 50% per year! We are not financial advisors, and this is not financial advise. Bitcoin is the lifeboat. Get on or your currency will lose the rest of it’s buying power. Bitcoin is imperative, and the security in this financial storm!
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