In my opinion, this is the biggest case of “emperor has no clothes” exposure yet. With respect to the Dollar (the most virtuous whore in the whorehouse), it is being shown for the vapor-paper that it is.
In due time, all paper currencies are doomed to collapse. They’ll be replaced by CBDCs, which is big-gov’s wet dream. Gov’ts will be able to monitor and control everybody as digital crypto displaces paper.
The antidote is precious metal. Gov’ts may outlaw the use of it, call it all in; but I think people who have some will be able to engage in black market economics (at great risk, I’m pretty sure).
CBDC's would be devastating to personal freedoms, yet it probably will occur--sooner rather than later if the democrats win this fall. CBDC's are perfect for an authoritarian, socialist, leviathan government (which we appear we are headed for).
It would allow the government to monitor and follow absolutely every possible move you make--personal, professional, political, financial, and otherwise.
It must be resisted in the strongest possible terms.