Annoying that I’m agreeing with Chamath, but strongly agree with his POV on this week’s episode re: US and USD.

They china can depeg their currency in the future, his argument assumes a static monetary policy. In fact its in their long term interest to depeg and fully control their liquidity

What happens to the relative cost of their exports in that scenario? :)

Partly depends on the price of other currencies at that point in time. Just trying to say that chamaths argument rested on fixed assumptions