No, I doubt it will replace it-- I don't think the Chicoms really want that either, too much pressure on them-- but the RoW can certainly make it more painful on us by using less USDs.

If people didn't watch Tucker Carlson on Weds night, they should. A couple of key points, "making too much of it" and "weaponizing it". 2022 wasn't the first year that the U.S. government has used the USD as a weapon but perhaps it was the brick in the pile that helped start flipping the turtle over.

https://www.youtube.com/watch?v=1t9Cr88sAbk

As for printing too much of it, an interesting graph I found last night. I don't have the software here (and too lazy to do my own math skills), but if asked to make 3 similar sub-graphs out of this one, it would probably show 1990 to 2008 as the first one, 2008 to 2019 as the second, and 2019-2022 as the last. Since 2019, 36% of the total national credit card has been added. Unsustainable, as we are starting to see.

https://www.statista.com/statistics/187867/public-debt-of-the-united-states-since-1990/

And if permanent DC thinks they are the only ones that can cause financial pain around the globe and are immune from payback, I saw this the other day. The Rus and the Saudis planning on tightening the global oil supply come mid-summer. Just about the time the recession bubbling just below the surface here probably blows open hard and hot. Make sure your "seatbelt" is in good working order, things may get a way bumpier later this year...

And I know that a cut of 1.5 mbd isn't much of the global consumption but it might depend on where it hits. I doubt the Rus will be cutting their oil trading with the Chinese or Indians but perhaps the 1.5 mbd is a starter level for OPEC+..

https://www.statista.com/statistics/271622/countries-with-the-highest-oil-consumption-in-2012/

Was just reading that Russia is moving troops and military hardware into Syria combined with the " hot war with the U.S. " rhetoric from Russia. Seem's like there will be some confrontation in Syria over U.S. troops " guarding " the Syrian oil fields. Also was reading that Israel is currently bombing the Gaza strip, things are getting pretty hot in the middle east. I don't remember who predicted it but they were saying that they thought WW3 would start in the middle east......perhaps, perhaps, perhaps.......................

^^This is the real story that will affect us all.

Instead, the news is talking about whether trump paid a hooker off or not.

I would imagine that his bread is buttered by woke. I would speculate his articles would correspond to woke ideology/thought/action. But maybe not....maybe the article is exactly what he really thinks without any woke influence.

I see Bitcoin is rising....up to $28,000, from down to as low as $16,000 a few months ago, after a couple of banks collapsed....I sense a co-relation.

Iran is in on it to.

Well I haven't read a lot of his writing but everything I have read seems like straight forward market commentary. Not even a mention of politics or culture.........maybe I just overlooked it.

http://www.marctomarket.com/2023/04/good-friday.html

Woke, not woke it doesn't matter. All he knows is what he knows. People have forgotten what a free market really is. His bread is buttered by the FED and. USG continuing monetary policy as they have.

The dollar is in dire straights.

Would that be like .....Money for Nothing ?