#560 ART -When Trust Dies What Money Survives
Hong Kong is turning into a gold nerve center right in front of us, and it might be the clearest clue to where the global financial system is headed next. We dig into the data showing Russian-origin bullion rerouted away from London and into Hong Kong, and why that matters for de-dollarization, sanctions blowback, and the fight over what becomes “real” settlement money when trust drops.
From there, we pull the camera back to the bigger storm: energy shocks, political exhaustion, and a growing push toward permission-based finance where accounts can be frozen and transactions can be allowed or…
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