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Michelle Cook's avatar

I thought Bessent's comments today (March 7, 2025) about using stablecoins to "ensure US dollar hegemony" were interesting considering your post. Makes you wonder what they're planning. It's also interesting how his comments come during a week of stock market turbulence, a week before the US budget is due (and the lunar eclipse), and just weeks before the solar eclipse.

I also want to mention that stagflation was a big deal in the 1970s after a series of economic shocks, particularly in 1973 when supply chains were disrupted. Stagflation is back in the news this past week. It seems we are reliving the 1970s.

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