this post was submitted on 19 Feb 2024

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The U.S. Dollar Is ‘Finished’—Wall Street Legend Warns Trump’s And Biden’s China Nightmare Is Suddenly Coming True (www.forbes.com)

submitted 1 year ago by yogthos@lemmy.ml to c/worldnews@lemmy.ml

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[–] taladar@sh.itjust.works 13 points 1 year ago (7 children)

Bove, who sees bitcoin and cryptocurrencies as winning in a post-dollar dominant world

And with that this guy has lost all credibility he might have had.

[–] yogthos@lemmy.ml 4 points 1 year ago (5 children)

would've been more interesting if you addressed the actual point he made

The dollar is doomed, according to Bove, because "the people making the goods elsewhere are getting greater and greater control of the means of production and therefore greater and greater control of the world economy and therefore greater and greater control of money."

[–] bennieandthez@lemmygrad.ml 8 points 1 year ago (4 children)

I've come to the sudden realization that fiat money, as we know it, is backed on the ownership of the means of production 🧐

[–] RedWizard@lemmygrad.ml 1 points 1 year ago

Always has been.

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