The petrodollar (a product of Kissinger) has been in collapse since Saudi Arabia began divesting from it.
We've been printing pretend money for quite some time, and supressing the value of precious metals (which is why you're now seeing silver bullion sell for $100+ an ounce). Copper is also selling out now.
These precious metals are extremely valuable because they're used to manufacture all of the technology consumers and nation states rely on daily. We're going to see a regression towards mercantilism and commodity hoarding. Most likely fiat will be abandoned in favor of crypto as we enter a new era of hyperinflation.
I didn't say the US has been suppressing them. The international banking cartel along with the US Federal Reserve have, in order to prop up the value of federal reserve notes.
Gotta love HN - getting downvoted with no explanation, but most likely because the truth is uncomfortable and people would rather press the downvote button than face facts.
Except governments around the world have been talking about a digital dollar / digital currencies for years now. I'm not sure exactly what is so outlandish about it. The fiat system is collapsing, and the signs are quite plain to see. Can't print fake money forever...
There's a large difference between fiat currency and what you're calling fiat tokens. One is extremely difficult to trace - the other is extremely easy and allows the nation states that are "minting" them to track every transaction being made with them.
They are nothing like paper currency outside of being another abstraction of actual value and being issued / controlled by the banking cartel.
We've been printing pretend money for quite some time, and supressing the value of precious metals (which is why you're now seeing silver bullion sell for $100+ an ounce). Copper is also selling out now.
These precious metals are extremely valuable because they're used to manufacture all of the technology consumers and nation states rely on daily. We're going to see a regression towards mercantilism and commodity hoarding. Most likely fiat will be abandoned in favor of crypto as we enter a new era of hyperinflation.
Buckle up - 2026 is going to be a wild ride.