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JP Morgan is updating their p(doom), but for the dollar. https://t.co/NtCivnXCJo Just the fact that JPMC is now admitting this is a big step. "De-dollarization has increasingly become a substantive topic of discussion among investors, corporates and market participants more broadly." As the US deglobalizes, the globe dedollarizes. https://t.co/DgOddBzUzp https://t.co/O3YLh2hwwZ Yes, but no manufacturing economy can be realistically stood up in time to replace the sheer consumption that money-printing enables. Example: to make $1T, you can (a) print or (b) sell $1000 phones to 1B people. Obviously, the former is far easier. https://t.co/glnreb1a1V https://t.co/kNFZgGpqdZ Stablecoins do offset. They can extend lifespan. It's possible that most local fiats collapse against USD, while USD then collapses against BTC. Like most local papers collapsing against NYT, and NYT then collapsing against social media. https://t.co/rhUCQ0tx3f