The Ledger
Every statement that passed quotation and attribution checks. Mix any filter with any other: certainty 1/5, debate potential 5/5, or both at once.
why aren't all 10 resolved? a statement only gets an assessment when the public record can support or contradict it. opinions and what-ifs never can, and 1 checkable ones are still open, waiting for their date. predictions held up or didn't; assertions are supported or contradicted. on every card: ▮▮▮▮▮ certainty · ▮▮▮▮▮ debate potential. speakers are clickable
Ning Zhu: Stablecoin Adoption Is Solidifying US Dollar Dominance
“I think the introduction of a stable coin in the past, Couple of years, maybe solidifying solidifying US dollar's dominance in a way about RMB is not pushing as hard or as fast into that direction.”
Zhu: China has no viable reserve alternative to the US dollar
“Even though we're not happy enough with the US dollar as a restoration of value, there's really no other alternative we can put the money into. Of course, gold is one possibility, but the market is not deep or large enough.”
Kamath: The era of the Indian rupee depreciating 4-5% annually is over
“I think that rupee depreciating four percent a year versus the dollar or five percent on average, that error is over.”
Kamath: Sanctioning Russia was the US dollar's biggest self-inflicted wound
“I think that's the one most significant Self-goal the dollar has ever hit in its tenure.”
Sharma: Seizing Russian assets alerted global governments to US dollar risks
“The way the sanctions were imposed on, on Russia at the time of the Ukrainian war, where the assets were seized. And Russia was thrown off the dollar grid completely. I think that was a big wake up call for governments around the world that, Listen, this, if t…”
Sharma: Reserve currency status cuts US borrowing costs by 50-100 bps
“Some estimates suggest somewhere between 50 to hundred basis points, half a percent to one percent of annual borrowing costs are possibly lower. Because of the fact that America has the world's reserve currency.”
Sharma views gold and Bitcoin as equally viable anti-dollar plays
“I'm like equal, I mean, like, I, you know, like, do the two equally, because I've been bullish too equally, because my negative view is on the dollar. Right? So therefore, I see both those as sort of anti-dollar plays.”
Klein: Historical reserve currency regimes were multi-polar, not single monopolies
“Even in the period where people talk about, like, sterling as the reserve currency, it was notable insofar as, say, like, Japan had most of its foreign reserves in Sterling assets, like the early 1900. But there were other large blocks, and arguably this is a …”
Zhu: US dollar took nearly a century to replace pound sterling
“The U S economy surpassed that of UK in around the But then U.S. Dollar did not totally replace starting until like almost a hundred years later. So it's a very long and gradual process and full of changes, apps announced.”
Sharma: The US dollar regularly experiences 30% to 40% cyclical declines
“If you look at the last, ah, you know, 50 odd years, right, since we've had freely floating exchange rates, it's not that even when the dollar's been the dominant currency in this, as far as if the dollar always goes up, there have been very significant period…”