Fed, US , Russia, China

Back in 2008 I posted about how the reserve currency of the world changes every ~100 years.  The USD has passed 100 years since the Federal Reserve was created, but we still have until 1932~1944 for USD to hit 100 years as the official reserve currency.   Looking ahead, The Fed, US Government and Russia/China know our 'kick the can' debt machine will run out of runway in the decade(s) ahead.

In advance of this event, Russia/China have been purchasing gold, and in the case of China banned Crypto currencies.   The US and FED knows this.

So if the world will eventually move off of the USD, what is the best options for the US to align as the new reserve currency?  Gold is terrible as it puts control to who can dig gold up quickest, and it isn't easily useable in international exchange.   China/Russia currency puts the world at the mercy of dictatorships.

In steps Crypto!   The FED asked for feedback on crypto USD, signaling the future of the USD.  Making USD into crypto alone doesn't change the world, as it could be viewed as similar as Tether. What will be a change is when ALL USD is only valid if on the USD blockchain.  When that occurs, the government could in seconds stop all USD change with any nation, like Russia.  Each movement of dollars could be tracked down to the penny of who sent money to who.  That is a game changer.

Some have speculated the USD may ban Bitcoin, I don' think so.  They can bury Bitcoin with regulation, taxation, or other measures.   Bitcoin must survive as a 'plan b' for the USD world reserve currency (store of value, not actually a currency) for international banks to exchange reserves.   This could become the alternative to USD for 'reserves' only, not for actual money per say.

Last night, 3/9, Biden issued an executive order on Cryptos.  While itself doesn't say much, the timing is huge.  Russia is trying to take over the Ukraine, the US is doing everything it can to financially punish Russia, and Biden just signaled to the world, the US is moving forward.  Russia and China will be offering a backward look, gold and central control.

The world will need to choose in the years ahead.  Go Crypto!