99% of the US still doesn't understand what happened during the past sixty days.  But they will soon.   Team Biden's war on Russia dates back to 2014 during Biden's vice presidency and in 2023 their sanctions backfired, blew out our banking system and kicked off a worldwide exodus from the US dollar hegemony; mostly BRIC countries and their partners in commodity markets (as I predicted one year ago).  

End of the Dollar


Biden has done irreparable damage to a hundred-year financial franchise.  The US 2022 trade deficit was $950 billion and will now be increasingly difficult to pay through dollar creation, reflected soon in prices and availability.  My best guess is 20 to 50% inflation this year and product shortages.  I anticipate eventual emergency spending similar to COVID PPP loans to keep the economy going, but I'm not sure of the timing, maybe in 2024-5.

History of World Reserve Currencies

The United States was already ripe for replacement before the Biden body slam.  I suspect the roughly 90 year duration is a function of generational knowledge.   In family dynasties, the first generation are founders, the second are caretakers, the third are often spendthrifts who take their legacy for granted.

Massive gold imports from the New World may have added twenty or thirty years to the Spanish 110 year hegemony.