How would you respond to this forecast by a Credit Suisse analyst, Zoltan Pozsar? He predicted that "after the seizure of Russian FX reserves," "the world would likely return to a commodity-backed monetary system, which he dubbed 'Bretton Woods III.'"
Here is the interesting statement he gave:
We are witnessing the birth of Bretton Woods III — a new world (monetary) order centered around commodity-based currencies in the East that will likely weaken the eurodollar system and also contribute to inflationary forces in the West … When this crisis (and war) is over, the U.S. dollar should be much weaker and, on the flipside, the renminbi much stronger, backed by a basket of commodities. After this war is over, "money" will never be the same again . . . and Bitcoin (if it still exists then) will probably benefit from all this.
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