Here’s the playbook if the rest of the world breaks free from the U.S. dollar, says Credit Suisse’s monetary plumbing guru

MarketWatch/Steve Goldstein/4-13-2022

cartoon of a hedge fund manager on the phone telling a client to buy gold

“Without price stability, there is no exorbitant privilege or dollar supremacy, says Pozsar.”

USAGOLD note: And the currency markets, we would guess, turn into some version of a monetary wild west where anything goes in the pursuit of commodities. He says to short the dollar, among a handful of trading options. The standard approach for accomplishing that objective is to buy precious metals, as Pozcar himself has indicated from time to time.

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