Alex Gladstein 🌋 ⚡
IMO the US will remain geopolitically dominant for a variety of reasons but it could go through a phase where its economy and currency resemble what’s seen in emerging markets: -Currency devaluation -Inflation in food/energy/scarce assets -Extreme inequality -High interest rates twitter.com/fedguy12/status/16...
Note that credit-based assets like domestic stocks and bonds often plunge in these circumstances while other kinds of scarce assets like (for EM countries) dollars or high-end goods develop a premium. For the US this = gold and Bitcoin
If this does occur, the US will have it better off than most, as the rest of the world will likely be experiencing even worse deflationary conditions mixed with hyperinflation etc
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