"…what matters is not the currency in which Brazilian trade is denominated…What matters are the assets in which exporters want to accumulate the proceeds of their exports." -Michael Pettis
EXACTLY! Now, consider this chart below & then Google "Brazil Central Bank buys gold" https://t.co/3T2mwKaQuN pic.twitter.com/pUMjrEtHNn
— Luke Gromen (@LukeGromen) April 14, 2023
Please buy our Treasuries
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