Well in my defense, not that any of you care, I thought the frog thing was just a shitposting thing like CaptainAnt. I didn’t think anything of it, certainly not that it was related to white supremacy. Given that the author of the piece is a black guy I’m guessing that it’s not as widely known or assumed as y’all may think. Unfortunately it’s attached to both the tweet and the article itself so I’ll have to take it all down.
Hard to summarize such a long piece succinctly, but given that freezing of FX reserves is now on the table going forward, countries will be looking for ways to diversify their reserves. It’s most pressing for the countries with current account surpluses.
Those surpluses have to be invested. They’ve typically been in government bonds. Mostly USTs but also euro bonds, Japanese etc. The big one is obviously China and what do they do. The author believes they will start buying more gold and other storable commodities while we will have to fund more of our own deficit spending via money printing due to decreased buying of our bonds over time. As a result other countries currencies will get stronger/harder while ours will get weaker. Again there’s a lot to digest in it, but I understand why people will skip clicking the link.