Author: Ileana Wolfort

Given that the 3 pillars supporting the U.S. dollar’s exorbitant privilege have eroded, and with de-dollarization picking up steam, it’s entirely possible the U.S. dollar could get shoved off first.

And these malicious meddling mandarins think that the order imposed by the decisions of a few can bring a more optimal result than the one that emerges naturally out of chaotic human interactions in a world rich with choice.

Now, none of these trends reveal where the stock market might end up next week. But they do relate to the rapid de-dollarization that will neuter the Federal Reserve, the profound financial fragility caused by easy money, and the rise of Bitcoin. They are all symptoms of the same cause – social entropy.

The Philly Fed Manufacturing Index continued its descent into contractionary territory, printing a negative 31.3 (anything below 0 signals contraction).