Western #fintwit still hasn't grasped that if you create your own financial system and trade zones with 87% of global population you can default on your western centric obligations because you don't intend ever utilising it again.

Interesting to know how many failed money managers turned to social media and reinvented themselves as #fintwit experts.

There is an incorrect idea floating around the #fintwit world that to have a WRC you have to run enormous trade deficits. The US managed perfectly fine running a trade surplus to 1971 when it could no longer finance the Vietnam war and abandoned Bretton Woods.

Because #fintwit believes there has to be another WRC to replace $, they are lulled into totally false sense of security about its future and relative longevity. When there is realisation that there is no need to have WRC in future, assumptions about $ are turned on their head.

Commodities are at critical levels in terms of inventories.

This is going to cause inflation if that remains the case.

Inflation remains poorly understood in too much of the #fintwit world.