Why I’m in Dollars Going Into the Weekend
Iran at the Bottom of the System, the USD at the Center — and Why That Matters if Things Escalate.
This weekend carries non-trivial geopolitical risk. Speculation that by Sunday evening the conflict involving Iran could escalate into direct military action.
Whether that happens or not is unknowable.
What is knowable is how the global financial system behaves when stress arrives.
And that behavior still runs through one place.
The U.S. dollar.
